Why Dollar Watching Ruins Good Trades
About this episode
In this episode, Ryan Mallory discusses how dollar watching can negatively impact trading decisions and emphasizes the importance of focusing on price action and trading plans.
Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan. Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans 📈 START SWING-TRADING WITH ME! 📈 Click here to subscribe: https://shareplanner.com/tradingblock — — — — — — — — — 💻 STOCK MARKET TRAINING COURSES 💻 Click here for all of my…
People in this episode
Host: Ryan Mallory
Topics covered
- swing trading
- emotional trading
- price action
- percentage returns
- trading plan
Keywords
- swing trading
- dollar watching
- emotional trading
- price action
- R-multiples
- trading plan
- cutting winners
- holding losers
Sponsors
SharePlanner
Mentioned in this episode
Organizations: SharePlanner
More episodes of Swing Trading the Stock Market
Explore listener stats, chart rankings, contacts and more on the Swing Trading the Stock Market podcast page.