If a picture is worth a thousand words, this picture, can probably do the same for bearish traders. In essence, the bears had the bulls at the edge of dropping off of a cliff (or subject themselves to a complete mauling). Actually they did push them off by breaking through 1430 last Friday.
But somehow, the bulls managed to do one of those Loony Tunes maneuvers and get back to some solid footing and escape yet again. After the second day of rallying in the market I started adding some short positions, thinking that that the bulls wouldn’t be able to muster much more out of this market, but the one thing that continues to get proven time and time again, is that the bears really have no claws against the firepower of unlimited QE3, just like they didn’t against QE1, QE2, and Operation Twist.
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.
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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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