I’ve taken gains on two stocks this morning – El Paso (EP) at $18.90 from $18.22 for a 3.7% gain and then Expedia (EXPE) at $26.73 from $25.58 for at 4.5% gain. Overall it was a great way to start the day and now I am only 40% long with the addition of Chubb Corp (CB) at $65.35. As always I’ve also included a short setup for you all to take a look at.
LONG: Chubb Corp. (CB)
SHORT: Molson Coors Brewing Co. (TAP)
Welcome to Swing Trading the Stock Market Podcast!
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#3: Do #1 & #2 and the profits will take care of themselves.
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The Pattern Day Trading Rule that doesn't allow for more than 3 day-trades within a 5-day period has been eliminated. This is a huge victory for retail traders, But how does that impact you as a trader, and what is the new margin rule that will monitor traders in its place?
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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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