In this Market Mondays clip, Rashad Bilal, Ian Dunlap, and Troy Millings dive into the nuanced world of trading futures, options, and equities, sharing hard-earned wisdom about stop losses and trading psychology. Ian explains why setting a stop loss that's too tight can sometimes hurt you more than having none at all—citing real examples where traders missed big gains due to overly cautious exits. Troy shares practical insights from his own options trades, discussing thresholds, volatility, and adjusting your strategy based on the company you’re dealing with, whether it’s Nvidia or Microsoft. Together, the hosts talk about the importance of having a clear plan before entering any trade—knowing your entry point, exit, maximum loss, and profit target. They emphasize that trading isn’t just about numbers, but also about mindset: comparison, fear of missing out (FOMO), and the psychological impact of watching others post their wins on social media. Rashad weighs in on running your own race and reminds us not to let other people’s gains dictate our strategy. Tune in for relatable stories, actionable tips, and that signature Market Mondays mentality: focus on your goals, your education, and your own long-term vision in the market. Don’t let fear or comparison ruin your trades—trade smarter, not harder. 👇 Drop your thoughts and trading strategies in the comments! Have you ever experienced a stop loss regret or let FOMO influence your decisions? Let’s discuss! **Hashtags**: #MarketMondays#FuturesTrading#StopLoss#OptionsTrading#TradingPsychology#InvestingTips#RiskManagement#IanDunlap#RashadBilal#TroyMillings#FinanceEducation#RunYourOwnRace#TradingPlan#StockMarket#OvercomingFOMO

<p>In this Market Mondays clip, Rashad Bilal, Ian Dunlap, and Troy Millings dive into the nuanced world of trading futures, options, and equities, sharing hard-earned wisdom about stop losses and trading psychology. Ian explains why setting a stop loss that's too tight can sometimes hurt you more than having none at all&mdash;citing real examples where traders missed big gains due to overly cautious exits. Troy shares practical insights from his own options trades, discussing thresholds, volatility, and adjusting your strategy based on the company you&rsquo;re dealing with, whether it&rsquo;s Nvidia or Microsoft. Together, the hosts talk about the importance of having a clear plan before entering any trade&mdash;knowing your entry point, exit, maximum loss, and profit target. They emphasize that trading isn&rsquo;t just about numbers, but also about mindset: comparison, fear of missing out (FOMO), and the psychological impact of watching others post their wins on social media. Rashad weighs in on running your own race and reminds us not to let other people&rsquo;s gains dictate our strategy. Tune in for relatable stories, actionable tips, and that signature Market Mondays mentality: focus on your goals, your education, and your own long-term vision in the market. Don&rsquo;t let fear or comparison ruin your trades&mdash;trade smarter, not harder. 👇 Drop your thoughts and trading strategies in the comments! Have you ever experienced a stop loss regret or let FOMO influence your decisions? Let&rsquo;s discuss! **Hashtags**: <a href="https://www.youtube.com/hashtag/marketmondays">#MarketMondays</a> <a href="https://www.youtube.com/hashtag/futurestrading">#FuturesTrading</a> <a href="https://www.youtube.com/hashtag/stoploss">#StopLoss</a> <a href="https://www.youtube.com/hashtag/optionstrading">#OptionsTrading</a> <a href="https://www.youtube.com/hashtag/tradingpsychology">#TradingPsychology</a> <a href="https://www.youtube.com/hashtag/investingtips">#InvestingTips</a> <a href="https://www.youtube.com/hashtag/riskmanagement">#RiskManagement</a> <a href="https://www.youtube.com/hashtag/iandunlap">#IanDunlap</a> <a href="https://www.youtube.com/hashtag/rashadbilal">#RashadBilal</a> <a href="https://www.youtube.com/hashtag/troymillings">#TroyMillings</a> <a href="https://www.youtube.com/hashtag/financeeducation">#FinanceEducation</a> <a href="https://www.youtube.com/hashtag/runyourownrace">#RunYourOwnRace</a> <a href="https://www.youtube.com/hashtag/tradingplan">#TradingPlan</a> <a href="https://www.youtube.com/hashtag/stockmarket">#StockMarket</a> <a href="https://www.youtube.com/hashtag/overcomingfomo">#OvercomingFOMO</a></p>

Welcome to The Earn Your Leisure Podcast. Rashad Bilal and Troy Millings will be your host. Earn Your Leisure will be giving you behind the scenes financial views into the entertainment and sports industries as well as highlighting back stories of entrepreneurs. We will also be breaking down business models and examining the latest trends in finance. Earn Your Leisure is a college business class mixed with pop culture. We blend the two together for a unique and exciting look into the world of business. Let’s go!! #earnyourleisurepodcast

Earn Your Leisure

The Psychology Behind Winning Trades & Stop Loss Secrets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/926b8e64-fa4a-4934-b9f9-b38b012ec0da/transcript