Stop Yourself From Exiting Trades Early TO Maximize GAINS

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  • Опубликовано: 9 сен 2024
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    - Many of you have probably been wondering, "How can I systematically cut losses while increasing on winners?" Exotic Traders presented this question, and today, I share my practices! Taking a position in a trade can be extremely difficult; it's not easy to ride the wave. However, it is possible to cut your losses and ride your profits! Don't miss this video and learn how to create your systematic plan!
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Комментарии • 83

  • @abe8529
    @abe8529 3 года назад +8

    It's all about balance when it comes to taking profit. Can't be too greedy, can't be too quick to take profit either. I think learning when to spot trend reversals is key as well! Awesome video Alex! 🍺

    • @BTheStory
      @BTheStory  3 года назад

      Thx Abe, Cheers Brotha! Please remember to smash that like button to help us grow and reach others :)

  • @calvinlivengood5717
    @calvinlivengood5717 3 года назад +3

    The worst is when you don't take small profits, then sell on a stop hunt, only to watch the price go above where you chose not to sell in the first place because you didn't have a plan.

    • @BTheStory
      @BTheStory  3 года назад +1

      Should always have a plan tho before you enter the trade. This will help alot with frustration. Thx for watching Calvin and adding some comments brotha. Plz remember to hit that like button too ;)

  • @Camptheuniverse
    @Camptheuniverse 3 года назад +3

    I am not good at letting my winners run. I need to get better at this. Love your videos dude.

    • @BTheStory
      @BTheStory  3 года назад

      Thanks for watching. Yeah this can be very hard to do, try writing down your plan and sticking to it. if its still hard, at least hold a BABY PIECE For your TARGEt to get yourself use to it. Thx again brotha, Plz remember to like the video b/c it does help us grow :)

  • @matthewstraughn3539
    @matthewstraughn3539 3 года назад +4

    I love the cadence in your voice.

    • @BTheStory
      @BTheStory  3 года назад

      Thank you so much Matthew, I appreciate ya Brotha, Please remember to smash that like button to help us grow and reach others :)

  • @davidgregory1089
    @davidgregory1089 3 года назад +3

    Knowing when to cut or when to let it ride is so key. I spent a good chunk of July learning that. I was so used to all in, all out method that having starters and a core to work with was hard at first. Still learning and making mistakes but having starters then adding core when it proves right is key. at least it is for me. Learning risk management and maximize gains is hard work :) :)

    • @BTheStory
      @BTheStory  3 года назад +1

      Happy to hear your finding your way David, It is very hard to do but I know over time with practice you can grow my friend. By the way, remember to smash that like button =D

  • @nanyonjowinnie6769
    @nanyonjowinnie6769 3 года назад +2

    I appreciate the time you sacrifice for us dia. Thanx for the advice sir. You videos av really changed mi mindset.

    • @BTheStory
      @BTheStory  3 года назад

      Thank you to Nanyonjo, I appreciate you for watching. Please remember to hit the like button to help us reach new people, thank you :-)

  • @tororahair
    @tororahair 3 года назад +2

    Thank you for the great advice! There aren’t that many quality trading content out there so really appreciate your channel!

    • @BTheStory
      @BTheStory  3 года назад

      Thank you Too TL, I wish you the best brotha, remember to hit that like button to help us grow :)

  • @marthap9698
    @marthap9698 2 года назад

    I love watching your channel to hear everyone else's stories. It was GREAT to hear yours. I have been learning for about 9 months now. Work full time and study whenever I can. I know it will not happen over night but it makes me feel good when I hear things and know what they mean. It means that I am learning. Keep up the great work!

  • @chrisbond1980
    @chrisbond1980 3 года назад +1

    U should try to get an interview with charting man dan from the chart guys. One of the greatest traders in my opinion.

    • @BTheStory
      @BTheStory  3 года назад

      Thx! I appreciate your thoughts Chris, Maybe, who knows. By the way, do me fav? hit that like button :)

  • @TheLawnSensei
    @TheLawnSensei 3 года назад +1

    What I am doing now is take 75% off of my position at the first target and let the 25% run either stopping at BE or going for the second target. I still need to work better on this topic.

    • @BTheStory
      @BTheStory  3 года назад

      practice practice practice. PROCES :") Please remember to hit the like button my friend b/c it does help us reach new people. =)

  • @ym234100
    @ym234100 3 года назад +1

    Fantastic short video! I really needed to hear this as a form of validation. As a long bias trader, often times end up cutting gains quickly (out of fear trend will abruptly reverse), and letting losses ride (just b/c it is so difficult to cut them). It has become so bad that I feel if I do exactly what I am doing now, but on the short side, I should become profitable...LOL. The dark side...that is next! I thought there was something very wrong with me...until now!
    Thank you for all your very insightful videos Alex!

    • @BTheStory
      @BTheStory  3 года назад

      I’m glad you enjoyed the video Yordie. Thank you for taking time to watch it. Plz remember to like the video to help us continue to grow. 😊

  • @TMG_Dude
    @TMG_Dude 3 года назад +1

    Facts, Paper trading helps your confidence 👌 💯

    • @BTheStory
      @BTheStory  3 года назад +1

      It can help for sure but when it comes to trading real $ nothing substitutes this. Thanks for watching today TMG Dude and please remember to like this video to help us continue to grow the show :)

  • @jamesbradley4875
    @jamesbradley4875 3 года назад +1

    Thanks

    • @BTheStory
      @BTheStory  3 года назад

      Yeah no prob! Thanks James for watching, please remember to like this video to help us continue to grow the show :)

  • @freddiejibbs4281
    @freddiejibbs4281 3 года назад +1

    Needed this today. Thanks for the content man.

    • @BTheStory
      @BTheStory  3 года назад +1

      Thank you too brotha for watching so fasT! love it! Please remember to smash that like button to help us grow and reach others :)

  • @carlmoot6315
    @carlmoot6315 3 года назад

    have a set return you want, say $300, or $500, put your sell order in ahead of time to get that amount, and be happy with it, if you risk riding the wave up to the top, when momentum slows, by the time everyone is selling it will be too late for your order to go through, you must sell when everyone is buying, and risk losing some profit, if you wait until momentum slows it will be to late, computerized algorithms will beat you to the execution of an order...

    • @BTheStory
      @BTheStory  3 года назад

      Thx for watching Carl, and coming back brotha!

  • @maybelater7312
    @maybelater7312 3 года назад +1

    Great educational video and thanks for sharing this with me

    • @BTheStory
      @BTheStory  3 года назад

      For sure Willafriu, I'm glad you liked it my friend. Please remember to smash that like button to help us grow and reach others :)

  • @joselinvalores1577
    @joselinvalores1577 3 года назад

    Me looking at the charts like 👁👄👁 “let’s grow together” 🤣

  • @keylaalston-griffin2416
    @keylaalston-griffin2416 2 года назад

    Thanks!

  • @pedroewert143
    @pedroewert143 3 года назад +1

    another great video, today, after the first runup i decided without reason that btc should go down... i tried to short every shooting star on btc (dreaming of some mega reversal), i got all the peaks, only i did not even consider the uptrend-line -.-, should have jsut let it run instead of reading some reversal signs that were never confirmed

    • @BTheStory
      @BTheStory  3 года назад +1

      Dang sorry to here Pedro. Sometimes we can get lost in our bias. I wish you the best tho on your future trades. Thx again and plz remember to smash that like button brotha!!

  • @georgebrowne7239
    @georgebrowne7239 3 года назад

    Always love the energy!!

    • @BTheStory
      @BTheStory  3 года назад

      Thx!! Appreciate you being here. plz remember to hit the like button b/c it does help us grow the show

  • @pablo46s
    @pablo46s 3 года назад +1

    Great video. This is something I'm struggling with now. Do you ever record your traders? Would be really cool to see a slowed down, real example and walk through of this. Would really help. Thank you for all your videos they help a lot.

    • @BTheStory
      @BTheStory  3 года назад +1

      I have tons of live trades on youtube, go back and watch those, also on my twitch. Thx for watching, be sure to smash the like button plz :)

  • @jasonpentheny6893
    @jasonpentheny6893 3 года назад +1

    I have no problem cutting losers, but letting winning trades ride is incredibly hard for me. Those big ones might not come often but when they do, and you sell WAY to early. Man that hurts... lol

    • @BTheStory
      @BTheStory  3 года назад +1

      We have to let them ride...its the whole reason why we trade. Bigger Returns and small losses. Or! You can hit that like button and i hear thats an auto-matic big return day!

  • @perrybridgemen2918
    @perrybridgemen2918 3 года назад +1

    So when it comes to risk reward to determine when to cut a loss and take gains. A 3-1 risk reward based off a $1 stock. $.90 is my stop loss. $1.30 is my target ‘reward’. What if it goes to $1.25, but starts trending downward and potentially goes back to the stop loss. How do you let that $1.30 number go?
    Because we all know it’s going to bounce and hit our target 🤔🙄
    Excellent video and content as always by the way! Keep it up!!💪🏻

    • @BTheStory
      @BTheStory  3 года назад +1

      You need to determine if your okay with almost 3-1 or not. Thats up to youa s a trader. Each trade also is unique, some stocks that may be good enough while others thats not worth a trade. ya know? Thx for watching, please remember to like this video to help us continue to grow the show :)

    • @perrybridgemen2918
      @perrybridgemen2918 3 года назад

      @@BTheStory you think 3-1 is a high expectation? I am new and have good days where I’m up and give it all back the next. Looking for consistency for sure. I really do appreciate that you reply to most your comments. Thanx man.

  • @leatherlearner3010
    @leatherlearner3010 3 года назад +1

    Liked the title, but I wish you would've presented and actual example on a chart. This is a major struggle of mine, marking out S/R lvls only to see what appears to be a "new" S/R lvl forming inside of the original S/R lvls. How do you manage trades like that?

    • @BTheStory
      @BTheStory  3 года назад

      Sounds like your very smart and recognize it evolves. I love it! Your on the right PATH! I'll have to make another I guess! Thank you for the idea. Please remember to hit the like button my friend b/c it does help us reach new people. =)

    • @leatherlearner3010
      @leatherlearner3010 3 года назад

      @@BTheStory Just trying my best to better my trading. Liked the video - task completed.

  • @tradingonly7099
    @tradingonly7099 3 года назад +1

    can you recommend a resource for reading level 2 and time&sales?

    • @BTheStory
      @BTheStory  3 года назад

      Yeah brotha, here ya go. ruclips.net/video/CPe9iSNxaj8/видео.html
      by the way remember to smash the like button :)

  • @haneyguitarinstruction6260
    @haneyguitarinstruction6260 8 месяцев назад

    How about when my system calls for 2R target but i see a pivot point thats at 4R. Price starts pulling back and I take my 2R profit but it ended up hitting the 4R as planned. Was I right or wrong

  • @joelmercado2389
    @joelmercado2389 3 года назад +1

    Funny man, just earlier I exited a big chunk of my position on a swing just before the big move I was expecting. I just got slightly impatient, not in the right mindset this past two days.

    • @BTheStory
      @BTheStory  3 года назад

      Gotta stick to that PLAN joel! Please remember to smash that like button to help us grow and reach others :)

  • @Bpstv51
    @Bpstv51 3 года назад +1

    Men but it’s hard to separate taking profit too early versus being greedy cuz some Times you’ll let it sit by being cocky or greedy

    • @BTheStory
      @BTheStory  3 года назад

      IT is very difficult unless you already PLAN IT OUT. :) Please remember to smash that like button to help us grow and reach others :)

  • @corbinyoung5320
    @corbinyoung5320 3 года назад +1

    I liked the video

    • @BTheStory
      @BTheStory  3 года назад +1

      Awesome to hear Corbin Thank you brotha!!

  • @haneyguitarinstruction6260
    @haneyguitarinstruction6260 8 месяцев назад

    I cut losses on one bar. The bar I buy is the bar Im protecting. If the reason I bought gets eliminated, why would I still want it

  • @gregkillian191
    @gregkillian191 3 года назад +1

    My biggest problem is that I cut my winners too soon

    • @BTheStory
      @BTheStory  3 года назад

      Yeah man this can be very difficult for most. But you must find a way to stay on your winners and have a plan and stick with it, Set stop loss and profit targets. Maybe take some off along the way but baby pieces until the PRICE target. I wish you the best! Oh and remember to like the video ;-)

  • @prateekjindal5877
    @prateekjindal5877 3 года назад +1

    dude plz show this on screen

    • @BTheStory
      @BTheStory  3 года назад +1

      Will DO!! Be sure to go watch the other recap videos b/c i do show this. Thx for watching and please remember to like this video to help us continue to grow the show :)

  • @josephpinheiro9667
    @josephpinheiro9667 3 года назад

    Any chance you could explain how the tax system works and if there are lower tax rates in different states?

    • @BTheStory
      @BTheStory  3 года назад +1

      Thx for watching brotha, I won't be going into this, you should consult a tax professional. I wouldn't advise asking random people online you know?

    • @josephpinheiro9667
      @josephpinheiro9667 3 года назад

      algs bro

  • @a.t.m4630
    @a.t.m4630 3 года назад +1

    Alex do you know any offshore brokers

    • @BTheStory
      @BTheStory  3 года назад

      Naa brotha I don't =\ sorry brotha. Please remember to smash that like button to help us grow and reach others :)

  • @juanzavala9023
    @juanzavala9023 3 года назад +1

    Everything reminds me of her

  • @muni1muni148
    @muni1muni148 3 года назад

    You read books and say on RUclips
    If you gain ,show it how you win and how you cat losses and run profits
    Just saying is easy 😂

    • @BTheStory
      @BTheStory  3 года назад

      I love it Muni, Thx for being here, You must be new, welcome. Thank you for watching , I did for about 2 months straight RUclips Live, you missed it but it should be saved. Also did twitch for a month straight but those delete i think after 30 days due to twitch. Thx tho for watching!