Stop Making Excuses! | Podcast Episode #282

0:07
Hey, I’m Ryan Mallory and this is my swing trading the stock market podcast. I’m here to teach you how to trade in a complex ever-changing, world of Finance, learn what it means to trade, profitably and consistently managing risk, avoiding the pitfalls of trading. And most importantly, to let those winners run wild, you can succeed at the stock market and I’m ready to show you how?

0:30
Hey, everybody, this is Ryan Mallory with swing trading the stock market and I’ve got a good episode 4. Today, we’re going to talk about the art of making excuses, man. Let me tell you, Wall, Street is filled with excuses. And so, the message here from this podcast today is stop making excuses, guys.

0:48
One of the best things you can do for yourself. If you want long-term success in the stock market is the stop making excuses. Look, I get it. We’ve all made some really bad trades and our lifetime but you can’t keep blaming somebody else. You can’t keep blaming everyone except for the person who made the actual trade.

1:05
So originally, I was planning on doing an email today for this podcast episode, but I came across, probably one of the greatest tweets of all time. A tweet that simply puts the responsibility on everybody else for their horrible trading decisions. I didn’t seek out this tweet.

1:21
Actually, it was on stock puts I didn’t seek out this post on stock, puts I didn’t ask for it, it just landed in my lap and I said to myself, holy cow. How can I not address this? Because I think that This is a belief and a thought process that runs through the minds of so many Traders.

1:40
And I’ve been harping on people not to do this. You’ve got to take responsibility for your own trades. But anyways, for this episode, I’m going to call this guy. Wow. Ah, because wow is doing a lot of, wow, in this particular post. Wow, wow posts in LSP.

1:58
That’s the stock that he’s in and OSP. First, a little bit of Background, by the way, is trading at like 90 cents a share. Okay. So we’re talking about a penny We stock a very unreliable company. This guy is going full-on stupid. He writes, I am not sure what is going on. Except I just had a notification that I had to liquidate a large amount of my Holdings.

2:18
I was forced to sell at prices that were completely unfair, imagine fighting short activity. And then a business decision was made by what appears to be related to the regime guys. Where do people come up with this stuff?

2:33
I mean, there is so much Wrong in just a few sentences that it is absolutely mind-blowing. But before I can even get to this, I’m going to have to tell you what I’m drinking because this post requires a strong drink. And I’ve got one here for you today called fighting cock.

2:53
Fighting cock is the name of this particular bottle. It’s a nineteen ninety. Nine dollar bottle, it’s made by Heaven Hill and Heaven Hills, actually a good Distillery. So they’re trying to make this one compete with Wild Turkey 101 and it’s 51.5% 103 proof.

3:10
So pretty strong drink. Now to the eyes it’s got kind of like this light brownish color sort of looks a bit watery but to the smell it definitely burns the nostril. Some I mean, I’m picking up on the ethanol. No doubt into the taste, I don’t know.

3:25
I mean you pick up some of the banana flavors. I pick up on the ethanol there as well. Little bit of the Corn flavors. I would say it lacks depth more Anything it just doesn’t stand on its own as being like a great Bourbon and I was really hoping for a 20 dollar bottle of this one might be a unicorn but it’s not a unicorn.

3:45
Those are hard to come by and when they become unicorns, they get allocated. Now in The Finnish, pretty solid. I mean, it’s got some kick to it. Overall, it’s not the worst bourbon I’ve ever had. If you remember a few episodes ago, I gave water at 4.3 rating, simply because I wanted it to be to wear anything less than a 4.3.

4:03
I’d rather have water then actually drink that bourbon. This one does not get down to the 43 level. This one is about a five to and Wild Turkey. 101 was a 58 for me. So this doesn’t quite beat Wild Turkey. This is close but no cigar now back to.

4:21
Wow. Ah, Holy Cow. Ah, I gotta read this one more time for you guys. He says again, he’s talking about the stock in LSP. I am not sure what is going on. Except I just had notification that I had to liquidate a large amount of my Holdings. I was forced to sell. At prices that were completely unfair, imagine fighting short activity and then a business decision was made by what appears to be related to the regime.

4:44
Okay. First off forced to sell, why was he forced to sell? Did they just say? Oh man, this guy’s going to make some money off and LSP. We need to sell his shares. No, no brokerage does that. They don’t do that, guys, if you’re forced to sell out of your position, it’s likely because you made some bad decisions.

5:05
So, Brokerage forced you to sell because of the bad decision that you made. I mean this guy’s loaded up on mlsp and he’s being forced to sell. That means he’s in margin, so he’s using somebody else’s money. So that alone was a bad decision going into margin on mlsp again a stock trading under $1, you’re willing to leverage yourself on and not only that, any horrendously bad Market, you’re going long on it and to margin so no, don’t blame somebody else for forcing you to say.

5:35
Your bad decisions, LED you to having to be forced to sell again. Stop making excuses. You want to actually get successful in the stock market. Quit blaming somebody else. The next party says was, I was forced to sell at prices that were completely unfair.

5:56
So my question back to, wow, would be this who should bear the burden? Instead, if you don’t like the prices that you’re being forced to sell at, would you have liked it? If they had told you to sell it a little bit earlier when it wasn’t so low then you would have been like why are they forcing me to? So there’s no reason to force me to sell.

6:12
No, it’s a pretty systematic process. You don’t meet the margin requirements, they’re going to force you to sell. So again, my question to, wow, I would be who should bear the burden instead of you having to be forced to sell at unfair prices or what you deem to be unfair prices, should you not have planned your trade out?

6:31
Because I’m going to be guessing to myself. If you’re making risk a priority, you’re not Going full tilt on mlsp. And again, I don’t know anything about the exact makeup or composition from this guy straight. I’m simply deducting from the post. What is being said here?

6:46
When you have to liquidate a large amount of Holdings? I’m assuming that it’s because he was well in the margin and the trait is going horribly. Awful for him. So remember, when you’re venturing into the world of margin, if that’s something that you want to do guys, they’re not taking the loss, they’re going to preserve their our Capital.

7:04
They’re not giving you You a handout when they’re giving you margin, they’re giving you an opportunity to make more money than what’s your own Capital. But it’s all your Capital that they’re putting at risk first, and if you can’t meet their margin requirements, they’re going to force you to sell. You agree to that.

7:19
When you sign up with their brokerage, when you sign the documents related to margin, you’re agreeing to that. And again, probably very much avoidable. Had he simply planned out his trade, how to stop. Awesome, place to wear it. Okay, if it goes down to here, I don’t want to be in this. Any longer he gets out of the It.

7:35
But these folks that are buying these really, really cheap stocks, they’re doing it out of the hopes to get rich to get rich quick and they’re wanting to make absurd amounts of money with very little Capital but that’s not how it works.

7:55
He says, imagine fighting short activity and then a business decision was made by what appears to be the regime. There’s a lot to unpack and that final sentence, but the first part, Infighting short activity, dude, who is drafting you to fight short activity?

8:13
Who’s telling you a, you know what, we gotta defeat these monsters. We got to go after them by the most awful companies that you could possibly imagine stocks that are going out of business stocks that are on the brink of bankruptcy. Let’s go by those because, yeah, they’re all shorting them, let’s stick it to them.

8:31
I’ll be the first to admit. The stuff that happened with GameStop and AMC, initially, it was impressive. You even have the HKD one. I don’t even know anything about that company, but Whatever happened there. That was some pretty crazy stuff was on light volume but it was still pretty crazy. You guys got further than anybody ever. Imagine that you guys would but just look at the charts guys.

8:50
Every time you try to pump up a stock, it’s a lower high and so this concept of oh I gotta fight short activities. You see the short interest on this stock? Oh they’re all corrupt guys shorting is, as old as time. Practically as long as there’s been training, pretty much been short trading.

9:06
And remember this trading is not a cause it is not something that you’re trying to be the hero at look. If you want to be a hero, Go walk down the street. Find someone whose cat is stuck up in the tree. Grab a ladder, climb up. Rescue the cat and bring it back down. You’ll be a hero.

9:26
There’s no room for Hero’s in the stock market yet, it seems like we prop all these people up, Ryan Co and Elon Musk the dude from gme that bought gme, you know, everybody is like wanting a hero to follow in the stock market.

9:47
I remember with Elon Musk and Dogecoin people were actually expecting him to pump Dogecoin up on Saturday Night Live, and that was going to be, what ultimately saved them in their position. And he disappointed didn’t do anything. Where’s Dogecoin at today?

10:02
So for the last few years, we keep hearing about all these These stocks that are going to go to the moon and all these people are going to make money, it never does what you want to know, which is a very valuable asset to have on your side and the stock market that would be swingtradingthestockmarket.com.

10:18
Guys, this gives you all of my stock market research each and every day. We’re talking about videos each and every day. Outlining updates to Big Tech, the overall stock market two different trade ideas. Plus you’re going to get my watch lists each week and setups that I’m following each and every day.

10:34
So check that out swingtradingthestockmarket.com, and you’re supporting this podcast in the process now. So far in this podcast. Wow. Wow, La has been forced to sell, he’s also been forced to sell it price is completely unfair. And now, he’s Prophet himself up to be the hero that we deserve because he’s is the fighter, the cape Crusader against all forms of short activity.

10:59
But oh, Kryptonite was sent his way in the form of a business decision of This decision was made to sell to force him to sell. No less a price is completely unfair. Despite the fact he was fighting shorting activity which is completely legal.

11:16
By the way, yet his own imagination. He is deemed it illegal. It appears because he’s here to fight it. But my question is, is imagine a business not wanting to take a loss on someone else’s behalf. Imagine a brokerage saying, oh, you know what?

11:31
I didn’t realize you were fighting short activity. We’re going to You just continue to lose money on this particular trade because we believe in your cause it’s not going to happen guys again. Wow La made a horrific trade wow needs to own up to it.

11:48
If he was making a bazillion dollars on this tree I don’t think that they would be doing a Margin Call On Him. Businesses are not into making your life easier as a traitor. They’re not going to lose their money. First you are so when you decide to go into margin when you decide to get greedy, Yes, you’re going to lose some money as a result.

12:08
And finally, this was a business decision that was made by what appears to be related to the regime. What the heck is the regime? Maybe, I am disconnected from mlsp stock lingo. Maybe there’s this whole subculture within mlsp and there is this big Boogeyman that they’re fighting because clearly, wow, ah, has a nemesis here.

12:31
He’s the hero that he feels like we deserve and he’s got an A Is that goes by the name of regime so I don’t know what the regime is Wall Street. The banks hedge funds. I mean that’s usually the the easy route. That’s hanging that most people want to blame all of their bad trading decisions on, but I just like to call it the boogeyman because usually who they think the regime is or the bad guy is they don’t even really know who the bad guy is.

12:55
So I just called the boogeyman because it’s a figment of their imagination more times than not. Does that mean that there is not any Wall Street corruption? Sure there is. But as individual Traders, Is it something that we really need to set out being worried about? No and here’s the other thing guys if you think a stock is corrupt, if you think a stock is manipulated, if you think, the stock is unfair, and some people feel like they even have proof that it’s corrupt, or, or whatever.

13:19
The, why are you trading that stock? I would go to the stock. That’s not corrupt. That’s not unfair. That follows technical analysis. In fact, I do do that but knowing that a stock or what you perceive to be a stock that is unfair or or there’s corruption or there’s Patient involved.

13:36
Well, why do you trade against that? And why do you even trade the stock at all? I mean, if we’re in the business of making money, as Traders as individual Traders is retail Traders, why are we taking the hardest possible path forward? The least likely path to make you money long term and in some ways I think these people know that they’re taking the stupid approach, I mean he’s making this not about trading anymore, not about making money, but about fighting short activity.

14:01
What is this all boiled down to? I think a lot of us, just poor education when it It comes to the financial markets and creating this like noble cause in your mind isn’t really so Noble, because in the end, the only reason why anybody gets into the stock market is to make money to make profits.

14:18
And the sad part is that most get into the stock market thinking that they’re going to get rich very quick. And that’s just simply not the case. It is hard, most people will lose most people will not make money in the stock market. It’s only an unfettered dedication to risk, reward to risk.

14:35
Management. The planning out your trades. There’s a person even have a shot at making profits in the stock market. Is it possible? Yes. I think anybody can be a profitable Trader. I don’t think it requires a particular degree or upbringing. I think there’s a lot of it that psychological that people have to get past.

14:54
And here’s the other question, if you’re all about everybody in the Wall, Street bets crowd, getting rich, okay, let’s send the stock to the Moon. Everybody gets Rich. So then everybody He’s getting rich who are you selling to probably nobody. So let’s say it goes to the moon.

15:11
Who’s the buyers? At that point, if everybody’s getting rich because everybody’s in it because the retail crowd got rich, is it going to be Wall Street? And now so it’s really almost impossible for the stock to just go straight to the moon like everybody’s hoping that it’s going to. Do you go to a trillion dollars or whatever that market cap desire is because when people start selling, there has to be buyers there to absorb it if there’s not It automatically goes straight back down and then it becomes a Snowball Effect to where everybody’s getting out at lower and lower prices because the faster that they’re selling it, the faster, it moves downhill and all of a sudden, you’re back to where you started, that’s what you see in Gia me.

15:50
Every time it spikes. It comes straight back down, AMC, the same thing, what you saw a few weeks ago, in HKD the same exact thing. Yeah, we think that all of a sudden, there’s going to be just like these magical buyers from another planet that are going to absorb all of the sell orders when you get to the moon. It’s like, they really think that the moon’s inhabited, with a whole bunch of aliens that are going to buy their stock when their stock gets to the Moon, just not happening.

16:11
Look man, I’ve had plenty of bad traits, okay, I have losing trades all the time. I was going through my past performance over the past few months. Really good. I’m really happy about it. September has been great. August has been great. July was, you know, it wasn’t a horrible month, but it wasn’t a great month either.

16:28
There was more losses than I would have preferred, but they were losses were contained. They were small, we’re talking like one and two percent mostly like under two percent. Actually But those were all my traits, they weren’t because somebody forced me to buy or forced me to sell those words decisions that I made to get into the stock.

16:43
And when I got out, I got out because I followed my plan because the stock trade wasn’t going, right? Had I stuck to that trade, it would have been a far worse outcome for me while some of those trades were crappy and even painful at times there was one I got into and then before the end of the day I was already stopped out for like a four percent loss that stump but because I consistently manage the prophets.

17:03
I’m now looking at trades that have gone up. Percent since August, and it goes back to the point of and I’m not trying to get too sidetracked here, but it goes back to the point of how one good trade against a number of well-managed losing trades, can make up for all those losses and then some.

17:19
So guys, to wrap this up, don’t blame the boogeyman. Stop making excuses, don’t try to create some noble cause out of your trading. You’re not a hero, you’re a trader. Don’t try to find the boogeyman out there, find the problem in your own trading and what you should be doing better, if you enjoyed This podcast, I encourage you to leave me a five star review guys, I really appreciate those a ton.

17:40
Make sure that you keep sending me your questions here. I really appreciate those. I do read them and I try to put almost every one of them on air because most of my listeners are shy, so they won’t send me questions. But trust me, I really don’t mind it. I’m not going to use your name and I’ll be the only person that actually sees the email and who it’s from.

17:57
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18:12
Thank you guys. God bless. Thanks for listening to my podcast. Swing trading the stock market. I like to encourage you to join me in this chair pointer trading block, where I navigate the stock market. Each day with Traders from around the world with your membership, you will get a 7-Day trial and access to my trading room including alerts via text email and WhatsApp.

18:32
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