Once again watch for a close below the 1022 on the S&P today. So far the market did a great job at selling off the strength right from the start. The problem is the bulls just don’t want to go away. I still think there is going to be a push for the market to finish in the green on the day, so don’t be surprised if we see another intra-day reversal similar to that of yesterday.
Now if we do close below 1022, expect a few more short plays to come out on Monday morning. I’m just bidding my time and trying to be patient (the hardest of things to do). BBT and LSI continues to show strength by going against the market today, but if this market goes down hard, I don’t expect these two withstand the selling pressure. UNH continues to weaken and I am now profitable in this trade.
Hang in there all you shorts out there.
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 today's episode, I cover the expectations that we should be setting for ourselves as swing traders, from the number of trades we should be expecting to take, how long and how short we should be in our trading portfolio, as well as what the expectations for a win-rate should be.
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
📈 START SWING-TRADING WITH ME! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader –https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
You Might Like
Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day
How to Trade a Bear Flag
Technical Analysis vs Market Conditions: How to Know What’s Affecting Your Trades