The market sold off hard today, and by hard, I mean like “day-after-Brexit-vote” hard.
The financial news will tell you it was because of renewed interest rate hike possibilities for September’s meeting. But the story is really in the technicals.
You see, the market was in a tight trading range for the better part of the last two months – in fact it was a historically tight range and the tightest we’ve seen since 1928. When that kind of price action happens, there is always going to be a big move that follows, and finally today that big move happened, and it was to the downside.
I have been preparing for this move over the past week, by lining up my portfolio with a handful of short positions. Today those short positions played out nicely.
Here is what I came in with today with and how well each trade did. A start by the symbol means I closed that position out.
For a day that saw a market decline of nearly -2.5%, I am standing at the end of the day with a solid profit in hand. My two long positions, when matters started to get ugly, led me to tighten the stop-losses on them and get out early on, while letting my winners continue to increase in value.
That is the essence of trading my friends! Keeping the losers small and letting the winners run wild…and I do all of this live in the SharePlanner Splash Zone.
I am one of the only, if not the only, service that provides a full track record and disclosure of every single trade that I have ever made in the Splash Zone. Years and years worth of data that you can check out for yourself by going to my past performance page.
Do what is right for you and for your trading and sign up for a Free 7-Day Trial to the SharePlanner Splash Zone.
With your membership you will get access to all of my real-time trades, the chat room that I trade from each day, as well as my real-time trade alerts via text and email. It is Free for the first 7 days and you can cancel at anytime. If you don’t have the time to trade for yourself, you can trade through eOption or Global Auto-Trading and they will automate all my trades in your account for you.
With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.
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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 turns his attention to surviving a stock market crash as well as the actions that he has taken to be profitable during the down turn with his trading, and doing so without a heavy emphasis on shorting stocks.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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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.