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!
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!
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#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 tackle a listener email covering a variety of swing trading topics, including the benefits of cash accounts, T+1 settlements, options trading using straddles, and even straddling the indices with leveraged ETFs. I'll also discuss whether new traders should be trading options and the ramifications that come with skipping over trading equities and jumping into options trading instead. Lots of insights packed into this one!
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