Trading Stocks When You Are Stressed Out | Podcast Episode #50

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Learn to trade, stocks successfully, learn to profit consistently. I’m Ryan Mallory and on my weekly podcast, I’m going to teach you the in and out of a complex ever-changing stock market. You will learn to trade better trait, smarter and profit bigger.

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Now let’s go trade. Hey everybody, this is Ryan. Mallory was swing trading. The stock market doing an episode today on trading under stress. Now, I always like to dive into a lot of the psychology of trading, right?

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And I’m no psychologist. I’ve never taken a psychologist or I don’t even notice a, right? I’ve never taken a psychology class in college or a, my Master’s or anything like that. So really I have no experience. I’ve read some really good books, on trading psychology books from like people.

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Alexander Elder who they just really have a good solid understanding of some of the The problems that come into your trading when you’re not emotionally and psychologically in a good state of mind. So today I’m going to talk about trading under stress and I like to relate it back to some of my own personal events because remember, when I started learning how to trade back, when I was 11 years old, I didn’t know what the heck I was doing.

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I had a father that was showing me, you know, a basic knowledge of what he knew, but even that only took me so far, it took me, you know, seeing that.com bubble in the late. Late 90s as a teenager blow up and moves a lot in losing a lot of money there. And then, of course, just really learning the fundamental Arts at trading and, you know, they’re after the.com bubble and then just relaying it back to some of my own experiences because I’ve not always done the right thing in my trading and well, I’ve come into my own over the last decade.

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It’s not always been that way for me before that. So I always have a lot of good things to share and as a full-time Trader, I always have some tidbits to Relay back to just even my everyday experiences because I think it’s still so relatable. Even though I do successfully trade the stock market, and I do a good job at it.

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I still think it’s pretty important to relay some of the Lessons Learned along the way. So, what are some of the most stressful circumstances to trade under? Well, I would probably say personal life events whether it’s a death in the family or let’s say you’re a father or a mother and you’re you’re watching one of your kids go through a very difficult time.

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I’m I don’t wish this upon anybody but let’s say one of yours has cancer or worse. Like a sudden death in the family. Were you just don’t you don’t expect it. Should you really be trading under those circumstances know No, you got to, you got to take time off, you got to reflect and you got to, you got to get back on the horse first, just with life.

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In general before you go try and to conquer the stock market. Again, and I’ve pushed through a lot of these events in my life. And I can say that. Now, I’m pretty good and systematic about my trading where I can pretty much get through any difficult, light circuit life, circumstance, and continue trading for the most part because I’ve just done so well with a butt.

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For most people that’s not the case. For most people, it will make some very, very bad decisions. In the thing is, for me, is that my training has become so much more like walking and breathing for me over the years that it’s really not a difficult thing for me to continue to do correctly going forward and because I’ve gone through enough life, circumstances and situations.

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I kind of have an idea for how I’m likely to respond during those kinds of times and what I need to watch out for. But in general, if you’re going through a very difficult. Difficult life event. Whether it’s, you know, kids being very sick or you’re going through a divorce.

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Let me tell you, I went through a divorce and that’s not easy time. I it was years ago and everything, but it was not a good trading your for me. I actually still beat the market but believe it or not, finished positive on the year and it was actually a very difficult trading year, so sometimes I may be used as a scapegoat, you know, just the The divorce itself.

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But overall though, I mean going through a divorce that is, that is not in. That is not an easy thing either, because you’re just constantly in the courtroom, where you’re dealing with a lot of trauma. You know, just emotionally and and Wondering what life is going to be like after that?

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And that’s, that’s not fun. You don’t want that. So yeah, the personal life events, death. Divorce he’d been laid off from a job. I tell you, that’s another one. Going through a financial turmoil that can really mess you up because all of a sudden you’re treating out at need and when you start trading out a need, you start taking bigger risks, whether you realize it or not, you’re going to start making some Gamble’s that maybe aren’t the best Campbell’s to be making.

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You’ll start trading in the penny, stocks hoping that you can make ends meet. Let me just say if that’s the case for you. Go find a find a job, find something to help bridge the gap. At least so that you can have a little bit more of a stable mind. Hopefully, you didn’t get fired from this job because you were, you were trading when you’re supposed to be working.

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If you did, you should have read my book because I actually wrote a book called The part-time swing Trader and actually, it’s called the part-time Trader, but it was about my swing trading. However, I talked about how I went from a part-time Trader to a full-time Trader and how I was working in Corporate America, also trading stocks one of the main As I talked about in there, it’s don’t get yourself fired from your job because of your trading habits.

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Make sure you were the best at your job that you’re expending. That you’re not Expendable at all that they can’t do without you and then you focus on your trading because if you’re really good at what you do, they’re not going to care if you’re trading because they need you more than you need them. So trading out a need is a big No-No.

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You don’t want to be trading because you just, you know, lost your job and you’re looking for a quick way to make a buck trading is a journey. It’s not a get-rich-quick scheme, that’s not a way to stick. Get to the man and say I don’t need this job. I’m going to make it on my own even though I kind of did that back when I quit my job and that was an interesting story.

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You know, I’m not going to spoil all of it for me because I’m writing a book right now called the full-time Trader. And I’m going to talk about how at the very end of my career in Corporate America. Where I went from that to working full-time for myself but and it’s a pretty cool story of so many Lessons Learned in so many tidbits there.

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I’m going to self-publish so I don’t have the pain and suffering of doing it through a publisher. They’re not very funny. Put these like really hard deadlines on you and that’s not fun, but I will be looking for an editor. So if anybody knows it person or if you yourself would like to edit the book, that would be great because let’s face it editing our own stuff.

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Never turns out very good. So recapping here so far about trading under stress personal life events, divorce, like I said, I’ve been through that it’s difficult, okay, Okay, I’ve been so engrossed in my trading over the years that there’s been times where I’ve trade made trays at funerals.

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I’ve made trades during my divorce and of courtroom, so there’s been a lot of stressful circumstances that I’ve traded under now. It’s actually made me a somewhat of a better Trader, but I don’t recommend it for you guys.

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I know I’m kind of being a hypocrite here by saying, don’t do what I did. But seriously, don’t do what I did. It’s much easier to trade not under stressful circumstances. I’m a full-time Trader. So I’m going to continue trading and everything, and I’ve become pretty comfortable in my trading over the years, I mean, I’m going on like, 27 years as trading investing in the stock market.

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So I kind of like to think that I’ve kind of come into my own over the years Now, sometimes to people, they take on these additional financial responsibilities, right? They they start to think well I need more money. I just got this huge mortgage. I just bought this Range Rover, or or I bought the Shelby Ford that I clearly should not have bought you start saying to yourself, how can I make more money?

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Maybe it’s because you decided to buy a very expensive outdoor pool. Either way, if you’re taking on financial responsibilities that are just insane, don’t do that. Don’t take on additional financial responsibilities and expect the stock market to bridge that Gap there.

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Because again, it goes back to like you’re trading out a need. When you do that, you’re going to start taking Gamble’s and making risks and calculations that are just not going to work out. Well for you, trading is about consistently and steadily profiting from the stock market.

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It’s not about making these big huge home runs. It’s about A singles and doubles that you hid in the walks that you take. It’s not about hitting home runs, it’s not about hitting grand slams and not about hitting it out of the park with a specific trait, the baseball world. You want to be hitting singles doubles getting walks.

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Doing what you can to get on base and that’s where you will make for yourself a very steady and consistent career in the stock market. But when you start taking on additional financial responsibilities that you can’t afford or that you’re going to depend on the stock market to provide for you.

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Well, stock market doesn’t care about your needs, it doesn’t care about your wants and as a result it’s not going to provide you with those additional needs, but trading the stock market for additional financial responsibilities that you’ve taken on that’s like Actually the one thing that so many people on the internet and on Twitter and on social media that they that they play on that they want you to actually do, because they want you to need them for that.

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They want you to believe that. If you subscribe to their newsletter and don’t get me wrong, I have a newsletter. I want people to subscribe to me. Okay, subscribe to me today. I want you to however I want it to be under the right reasons. I don’t want you to subscribe to me because you think I’m going to make you a millionaire tomorrow because I’m not I’ll never do that.

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I’m going to show you how I trade and I’m going to tell you exactly how I trade and how you can learn from that and how you can become a better Trader. And if you choose to follow the trades, that’s fine. I’m not going to hold that against you, you know, that’s, that’s great if you do. But more importantly, I want to equip you to be a great traitor.

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But you got these people and I’m not going to name them because personally, I don’t feel like starting a war with these people, but go onto Google and type in stock picks or go to some of these social media websites and see who’s off advertising on these Financial social media pages. And there are just a bunch of charlatans.

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They’re going to tell you that you can get rich and you can be like me, driving a Lamborghini. You surrounded by girls in bikinis, does that rhyme Lamborghini girls in bikinis? I think it does. That’s kind of impressive, but Listen, these people, they’re out to just steal your money.

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They’re not trying to give you really anything in return. They’re not going to help you, they’re not going to help you pay for those additional financial responsibilities that you’ve taken on. They’re going to show you their Mansions. They’re going to show you their Lambos. They’re going to show you the girls they’re going to they’re going to be getting on and off of private jets by now, you know, some of the people I’m talking about here, okay?

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It’s very obvious to dudes that are getting on and off private jets. Yeah, third douchebags. Okay. They’re trying to take your money. They’re not literally they’re not even trying to keep you as a subscriber, they know that you’re going to figure it out pretty quickly. But what they do is they have things through different ad agencies and they know that if they spend x amount of dollars every month that they can get x amount of subscribers or Y amount of subscribers, so they can spend, you know, ten thousand dollars and ads and they can get 15,000 dollars and subscription.

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Revenue. Okay, I don’t know. Let’s just throw that number out there. I don’t even advertise. I don’t have her ties anywhere. I get subscribers because I literally provide great information on my website. I teach people they learn, they’re going to become a better Trader when they subscribe to what I do or if even if you don’t subscribe you’re going to learn a lot just from all the free articles that I have.

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The resources that I provide for free, the podcasts, like this one that I do. That YouTube videos, the Twitter feed, the stock to its feed the everything. There’s just tons of stuff that you can learn from me, so on, so I don’t advertise. I don’t have to advertise at all, and I get people all the time.

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Say, Hey, you can use our email list or hey, you can advertise on this person’s website and you’ll get all sorts of new subscribers. I don’t, I don’t want to, I don’t want to add that responsibility to my play. I don’t do Google ads. I don’t have any Google ads. And every month I get, I get request to spend like ten dollars or something and ads and they’ll give me like five hundred dollars of free advertising revenue or whatever.

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And I don’t even take them. I just honestly, I don’t have time for. I truly have always subscribe to the idea that if I provide good in quality content I’m honest and transparent and I do that. I provide you guys with every trade I’ve ever made in the swing trading Splash Zone that that will speak for itself and it has over the years.

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That’s why I’ve been doing this for since Thousand and seven. That’s 12 years, it’s pretty good. Track record in the internet world. That’s like an eternity. I mean, that’s, that’s pretty old 12 years that’s before there was iPhones. Finally, last thing, I would say, if you are going through some difficult times in life, you have a need that you weren’t expecting.

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I have somebody subscribe. And then unsubscribe saying, listen I love your service but just found on my aunt sick I can’t do it. I got to take some money out of my account and I told him was like look you got to take care of that. That’s that’s your first priority taking care of your family and if you need to spend money on them to Empire Goodbye by all means do that.

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But here’s the thing, if the clouds in your life they don’t look like they’re going to lift any time soon. Then Target the days that are going to be okay for you to trade, you know, if there’s a week here, that okay, I can, I can trade relatively stress-free. I’m pretty confident in my mental health.

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At this moment, I’m not under too much stress, you know, at the moment at least I can focus on the stock market enough, okay? Then that’s fine. Okay, Target the days that are right for you and in all and all things, you know, I know a lot of people in the financial World.

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They don’t talk about this. I’m a Christian, I was born and raised in a Christian home and and prayers always been a big part of my life. So, and I encourage you to, if you’re going through difficult times in life. Pray, pray prayer has been one of the biggest things in my life that has really helped me get through some Cold and dark times in my life and you know knowing that God cares and loves me.

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I mean that that’s been a huge thing to. So beyond the trading Beyond trying to make money in the financial markets. Pray you know because that that’ll also help you whether some pretty difficult storms in life. And I know it has for me too and I know some of you guys you guys don’t believe in God.

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And that’s that’s your prerogative and I’m not ever going to force that on somebody. But look this is my podcast. I try to be as open and Honest with you guys as I possibly can. And so and that’s that’s what I want to do. I’ll just open up to you guys and let you know that prayer works for me.

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And, you know, hopefully can work for you as well as you’re going through some difficult times in life. So that’s going to do it for today. If you guys have any questions, feel free email me ryan@shareplanner.com follower. If you’re listening to me on the SoundCloud, I’m actually transferring to a new network.

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I’ll still have it on Soundcloud, but my podcast will be hosted with the 1513 Network. That’s xvx II.com. So we’re planning on launching that around the June time period. Stay strong in this market. I know it’s a difficult one but hang in there and God bless.

16:08
Thanks for listening to this week. This podcast That Swing trading with Ryan Mallory. I’d like to encourage you to join me in the SharePlanner Splash Zone where I navigate the financial markets every day with Traders from around the world. With your membership you’ll get a 7 day trial access to my trading room and text and email alerts.

16:27
So go ahead and sign up by going to shareplanner.com backslash Splash Zone, that’s www.shareplanner.com/trading-block, backslash Splash Zone. And follow me at SharePlanner on Twitter and on SharePlanner’s, Facebook page, where I provide unique market, and trading ideas every day.

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If you have any questions, please feel free to email me ryan@shareplanner.com or call the office at three, two, one, five, two, two six, seven, three, three, all the best to you and God bless.