Trading Strategy: When To Average Down On Your Position
August 26, 2019
30,370
772
292
3.50%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Timothy Sykes Episodes Around August 26, 2019
See what was published immediately before and after this episode.
5:37Now PlayingTrading Strategy: When To Average Down On Your Position
YouTube Description
as posted by the channel🔴 Subscribe for more free Stock Trading tips
Have you ever been invested in a company that you really believe in, but the stock is coming down? Today I’ll cover this exact scenario and when you should average down. This is VERY important information — pay attention!
Share this video with a fellow Trader
✅ Links I mention and recommend:
Join Tim's Challenge here
Subscribe to my FREE weekly stock watchlist here
✅ Recommended video
✅ Recommended playlists:
Day Trading 101Starter Videos
Advanced Day Trading Tips
My Millionaire Students Are You Next?
Trading with the Tims
✅ Follow Tim Sykes and his trading travels:
FULL DESCRIPTION
So when you should average down?
This video is specifically for those of you in your first six months to few years of trading, depending on how much you study.
Averaging down can work sometimes, but generally not enough to make it worth it. It usually leads to bigger problems.
I think that's dangerous. For somebody with a small account, averaging down can be very dangerous. You want to trade like a sniper … take one shot. I'm don’t want to average into a position and then average out.
If you have a small account, your goal is to make money on trades. Forget trying to maximize. You can try to maximize your profits later, after you’ve built up your experience and knowledge account.
Big losses can happen when you get emotionally attached to a stock. You keep averaging down, then the company reports bad earnings, and it crashes even more.
If a stock is going against you, there's something wrong with your thesis. Cut your losses. Get out!
Remember, you don’t have to be aggressive on any stock. Don’t let the potential for damage creep up on you. Whether that’s damage to your monetary account, head, or confidence. It’s not worth it.
Always follow rule number one: cut losses quickly. And don’t average down until you have enough money and experience to experiment. With experience, the game can get easier — more mechanical and less emotional.
Don't set yourself up for failure. Take your time, study and stay disciplined.
What’s your experience with averaging down? How does it mess with your mindset and emotions? Leave a comment below and let me know!
#TimothySykes #Pennystocks #Investing
----------------------------------------------------------------------------------------------------------------
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.