Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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6 Signs Your Trading Size Might be too Small
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Manage episode 300784846 series 2934682
Content provided by George Papazov. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by George Papazov or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
At the start of our trading journey, it is a very common problem that newer traders use too much leverage. Why? They are excited, they are new, they don’t know what they don’t know, and they just want to make a lot of money. They want the kind of returns people with 5, 10, 15 years of experience are making - and they want it TODAY! So they trade big, and inevitably run into a bad trade…. Often just one single one… and lose a large part of their trading account. They are shocked! They are stunned - they become fearful, and become paralyzed by risk. Then immediately cut down their trading size to the lowest amount possible. But the returns are now SO SMALL - that it will take them 50 years to earn back their one trade loss. This really crushes your confidence. So today I want to discuss a few scenarios that could indicate you’re trading too small:
…
continue reading
- You are moving your stops to increase risk when a trade goes against you
- You are moving your take profit orders when price gets close to them
- You get into a trade expecting to lose, to get your stop hit
- Your winners are small, but your losses are huge
- You are trading money you cannot afford to learn with
- You turn a day trade into a warren Buffet investment
- Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here
- Connect with our community online: Trade Pro Academy
- Catch up with our earlier episodes: Mind Over Markets Podcast
- Join our FREE trading room here
- Follow me on Instagram here and on Twitter here.
124 episodes
MP3•Episode home
Manage episode 300784846 series 2934682
Content provided by George Papazov. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by George Papazov or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
At the start of our trading journey, it is a very common problem that newer traders use too much leverage. Why? They are excited, they are new, they don’t know what they don’t know, and they just want to make a lot of money. They want the kind of returns people with 5, 10, 15 years of experience are making - and they want it TODAY! So they trade big, and inevitably run into a bad trade…. Often just one single one… and lose a large part of their trading account. They are shocked! They are stunned - they become fearful, and become paralyzed by risk. Then immediately cut down their trading size to the lowest amount possible. But the returns are now SO SMALL - that it will take them 50 years to earn back their one trade loss. This really crushes your confidence. So today I want to discuss a few scenarios that could indicate you’re trading too small:
…
continue reading
- You are moving your stops to increase risk when a trade goes against you
- You are moving your take profit orders when price gets close to them
- You get into a trade expecting to lose, to get your stop hit
- Your winners are small, but your losses are huge
- You are trading money you cannot afford to learn with
- You turn a day trade into a warren Buffet investment
- Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here
- Connect with our community online: Trade Pro Academy
- Catch up with our earlier episodes: Mind Over Markets Podcast
- Join our FREE trading room here
- Follow me on Instagram here and on Twitter here.
124 episodes
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