Market is literally break-even right now heading into the open. Personal Income and Outlays just came out with its affect on the market being overlooked and basically ignored. After Friday’s gains, the bulls would no doubt like to see some follow through, but considering the amount of selling the futures has seen since last night’s highs in the futures market is somewhat disappointing, that they are looking at a flat open to start the day.
LONG: Ceragon Networks (CRNT)
SHORT: Alnylam Pharmaceuticals (ALNY)
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 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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