I actually had a really fancy-shmancy market video planned for you all, but after having recorded it, and being so proud of it, I saw that my microphone had been on mute the entire time.
Now usually I check for that kind of stuff before recording a 20-minute commentary, but apparently I have a bad case of the “Moon-days”.
Instead, I grabbed one of the images off of the Stock Blog Nation and will use it as a substitute since that is what I was primarily focusing in during my market video.
Notice on the SPY chart below how we have sold off hard when testing the overhead rising resistance. Not consolidated which would’ve been bullish, but sold off, and I do mean hard.
Take a look:
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.
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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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