So far on the day, outside of adding CRR as noted in an earlier post, I’ve also added QIHU at $24.00 which is today’s lazy trade long, and closed out ALXA at $4.84 for a measly 0.2% gain from $4.83. While it doesn’t seem like much, I always tell folks to take pride in the measly gainers because at the end of a trading year, they do add up, and they do represent adverted losses. Though the cash earned might not be significant, the loss avoided is!
Remember: Trading is a game of inches.
Here’s today’s Lazy Trades:
LONG: Qihoo 360 Technology (QIHU)
SHORT: Perrigo (PRGO)
Welcome to Swing Trading the Stock Market Podcast!
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Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan.
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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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