Doubling Down Your Trades

Doubling down on your trades can come at a huge cost for traders, resulting in staying in a trader longer than you ever expected, at a price you never imagined. What should a trader do when they find themselves in this position? Should they continue to double down, or cut and run. In the future, what can a trader do to prevent this from happening? In this podcast episode, Ryan dissects the mental decisions that lead to this bad trading practice and what you can do to prevent it in the future.

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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.

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