Your First Entry Is Not the Entire Trade

Most traders put a huge amount of pressure on their first entry. They feel like they need to buy the exact bottom, and if the stock pulls back after they buy, they assume they made a mistake. But what if your first entry is simply the beginning of the trade? In this episode, we explore why successful trade management doesn't end when you click the buy button. We discuss how to think about your first entry, when it makes sense to hold, add, reduce, or exit, and why managing a position often ma...