This isn’t uncommon – I swear I talk about not trading biotechs every single week because some stock gets killed by the FDA. That is because unless you are an expert in the field (which I am not and you probably aren’t either) the risk you take trading biotechs are through the roof.
This week’s example?
Sarepta Therapeutics (SRPT)
Why there would be any buyers left for the stock following January’s massive sell-off is beyond me… The fact that there is enough buyers to rally the stock 30% off of its lows of the day, today, is even more unfathomable (still down 27% though).
I’ll leave it here with this simple chart…
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 talk about how traders can establish their position size for a small account. Whether it be less than a thousand or a little bit more, Ryan provides practical guidelines for determining how you can trade multiple positions and the right mindset to have to put yourself in the best position for success.
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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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