057: Jesse, @PsychoOnWallSt – $500k of “Beginner’s Luck” and How to Thrive as a Part-Time Trader
Chat With Traders
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How to Manage Trades and Add to Positions
Sally Kohn: I know something many newer traders struggle with is knowing when to get out. So what's your thought process for actually managing trades and adding to positions and then taking a profit or a loss at the end? Like, how do you decide when to scale into a position?Kohn: It's a good question. So if the trades going, going for me, let's say, you know, I have a good entry. It's near support and I use slow stocks quite a bit. Um, and I typically like to buy when slow stocks are as close to being on the long side as possible.
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