Trading Psychology Podcast Ep51: When To Take Your Money Out

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There is no one perfect answer to this question, but VP and Robb (mostly Robb) try to give you a blueprint for that magical moment when it's time to remove some money from your account. How much? How often? There are...no...perfect answers, but there are ways to determine when it's best, and Episode 51 does its best to make you aware of them.
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The hosts of this podcast are not licensed financial advisors, and nothing heard on this podcast should be taken as financial advice. Do your own research and understand all financial decisions and the results therein are yours and yours alone. The host is not responsible for the actions of their sponsors and/or affiliates. Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Trading anything involves risk. Losses can exceed deposits.

Опубликовано:

27 ноя 2023

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Комментарии : 16

@eddiejimenez9299 6 месяцев назад

Thank you Robb and VP - excellent podcast - Robb is 100% correct - by follow his methodology and philosophy - you have a better chance of succeeding! Because we work hard in making profitable trades by learned strategies and followed Trading Plans - I feel it's a must to reward yourself for your successes and spend your money in whatever makes you happy. This action will help you focus in making more - remember in trading, process is everything and money is a by-product.

@jugoslavnamljidjiu9021 7 месяцев назад

Always remember the scene from a movie "Wolf of wall street" when senior broker say to wolf that when people earn money don't allow them to withdraw but tell him there is new great stock they should reinvest because when they withdraw that is real money" people are gready. When i start to build up my account my goal was 5 figure account but i also needed the money and i withdraw 50% and leave the rest, today i withdraw 100% of profit on 90 day basis because i have my 5 figure account it is quite good amount.

@thealternativecontrarian9936 7 месяцев назад

some of your topics seem mundane but as you listen to them, there is a wealth of experience and insight that I discover.

@ikad89 7 месяцев назад

WOW! I did the question, and now I have a whole video as a reply?? o m g ♥ thanks

@NoNonsenseForex 7 месяцев назад

Thanks for the push!

@ikad89 7 месяцев назад

@@NoNonsenseForex my pleasure! Thank you for everything!

@rishz7857 7 месяцев назад

Effervescent! When things get to a level you're comfortable with, sure take some profit. Profit from the account is the purpose of trading or it's just a game of numbers.

@lyleeewang 7 месяцев назад

Wow you used philippine money on the thumbnail! A huge fan from the philippines here

@smokingbianco85 2 месяца назад

If I keep my profits on my trading account I tend to be more relentless, almost as if I feel I could afford to lose them (since they are “just” profits). So I prefer to take out, and take out, and take out, every now and then, until I’ve done it so many times that I can feel more confident with “upgrading” my account depositing other new money, while keeping on trading using the same level of risk, and restart with the same approach.