One of my favorite movies of all time, Butch Cassidy and the Sundance kid, had a quote in there that has always stuck with me in life.
After being told, “You keep thinking, Butch, that’s what you’re good at!”
Butch responds with:
“Boy, I got vision and rest of the world wears bifocals.
So how does that relate to trading you ask?
When it comes to trading it simply isn’t enough to just read a book and think you know something about trading. You have to believe in what you are doing dedicate yourself to the improvement of your craft, the course that you are taking and not simply do it because you want to get rich quick.
You have to have a vision for yourself as a trader and for the trades you make. When you look at the charts you have to have vision for what the chart is trying to show you. Simply doing what a text book shows you won’t cut it by itself. You have to see what the charts are showing you, trust what it is showing you, and act accordingly.
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
In today's episode, I cover the expectations that we should be setting for ourselves as swing traders, from the number of trades we should be expecting to take, how long and how short we should be in our trading portfolio, as well as what the expectations for a win-rate should be.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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