I am going to make this quick this morning, as I have some errands to run, and since I am all cash heading into the open, I really don’t have a dog in the fight as it currently stands.
Nonetheless, I’ve got two solid trade setups below, depending on whether you are a bull (painful) or a bear (jubilation!). So take a look and see if the charts are worth your time and capital.
Here are Today’s Trade Setups…
SHORT: US Airways Group (LCC)
Click Here to See Ryan’s Long Setup.
LONG: Smith Micro Software (SMSI)
Welcome to Swing Trading the Stock Market Podcast!
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#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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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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