Solar City (SCTY) has been the darling of the market over the past month for those who were fortunate enough to ride its meteoric rise from $25 to over $55.
With that rise, the stock has failed to rise above the recent highs of the past three days. Instead it finds itself dealing with some heavy, heavy resistance.
This resistance goes back months and looks like it will be a very difficult task going forward.
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.
How do you handle swing trading when you suddenly come across a notable increase in your net worth? Whether it is through an inheritance, a job bonus, or the sale of a large asset, How should this be handled exactly? In this podcast episode, Ryan explains his approach to a sudden increase in capital for trading and how one should handle it.
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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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