Futures have taken a hit since the trading plan was posted, which keeps the bears in the game (for now). Consumer sentiment was released just a little while ago, and it was in-line with expectations. Some rumors about Ireland defaulting has caused European markets to take a hit, which resulted in US futures doing the same.
Long: Almost Family (AFAM)
Short: Hi-Tech Pharmacal (HITK)
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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In this podcast episode, Ryan discusses how really bad, losing trades in the stock market creates an impossible scenario for the trader in terms of what the right decision should be.
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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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