Futures have reacted positively to the jobless claims that beat expectations. Nasdaq is also trading with the rest of the market too. As it stands we are up about 1/2 percent heading into the open. Our long setup comes from a loyal reader who suggested it the other day, and thought that it had some solid potential to it.
LONG: j2 Global Communications (JCOM)
SHORT: Gabelli Utility Trust (GUT)
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!
#2: Keep the Losses Small
#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 this podcast episode, Ryan Mallory talks about the big losses that traders experience and what to do with them when the amount of the loss seems impossible to come back from.
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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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