Now that we got the FOMC behind us (repulsive as it may have been), it’s time to move forward, looking to tomorrow and the week ahead. Obviously, the Fed is accommodating as it has always been ahead of an election where the sitting president is seeking re-election. In this case it is no different.
Here’s my watch-list and what I’m more than likely to be trading off of. On the long watch-list, I already have positions in CRR, BEAV, NLSN, WYNN, and ALXN but none of them off of the short-list. But as I always do, I keep separate lists for long and short candidates, because you never know when this market is going south and in a hurry. So I try to be a good Boy-Scout (despite only being one in 1st grade) and always be prepared.
Here’s my long and short watch-lists.
Welcome to Swing Trading the Stock Market Podcast!
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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.
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What do you do when the best trade setup that you can find is a stock that you already have a position in? Should you trade a stock that you already have a position in and exponentially increase the size of that position? In this podcast episode Ryan explains the circumstances that allows you to increase your position size in an already profitable trade and how to manage the risk in doing so.
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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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