Futures have risen sharply after the Jobless Claims report glowingly beat expectations (would you expect anything different prior to the mid-terms?).
LONG: Goldman Sachs Group (GS)
SHORT: MetroPCS Communications (PCS)
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 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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