My swing-trading watch-list for trading long
I’ve already added two stocks to my portfolio from the watch-list below, and before this day is done and over with, I’m quite confident that I will add a third position as well.
I would really like to see this market finish lower on the day, though I am not sure the dip-buyers will give the market that opportunity. All we have done since this morning is trend higher after gaping lower.
Keep a close eye on Dollar General (DG) with its retest of the rising trend-line, Sinclair Broadcast (SBGI) which has broken out in recent days only to pullback to support and offer an ideal opportunity to get long on the stock. Finally, Walter Energy Inc. (WLT) looks to have bottomed, popped higher and now consolidating in a sideways manner as a result.
Here is my long-watch-list I am trading off of.
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In today's episode, I talk about tightening the risk on the trades and the benefits of taking a multi-pronged approach in doing so between profit taking and raising the stops. Also, I cover how how aggressive one should be in adding new swing trading positions and how many open positions that one should have at any given time.
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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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