This bull market has not been kind to me this past week, and that’s okay. I’m trading my system that I know works, has worked in the past, and have no reason to think it won’t continue to work in the future. I added another short position today, after getting stopped out of SDS. The new position is Avon Products (AVP). Pulling the trigger on this position was, no doubt, a hard task, but…being wrong on another trade is much easier to take than to bailout on my system of trading, and then see the market validate my strategy, but not be able to benefit from it in the process. That is why I must stick to what I know in the long-term works, despite whatever short-term pain it may present.
With that said, here is the technical analysis on all of my position currently in my portfolio…
Allergan (AGN).
Click Here to See the Rest of My Portfolio.
Amazon.com (AMZN)
Avon Products (AVP)
Blackboard (BBBB)
Cisco (CSCO)
Goldman Sachs (GS)
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!
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#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 tackle a listener email covering a variety of swing trading topics, including the benefits of cash accounts, T+1 settlements, options trading using straddles, and even straddling the indices with leveraged ETFs. I'll also discuss whether new traders should be trading options and the ramifications that come with skipping over trading equities and jumping into options trading instead. Lots of insights packed into this one!
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