Watch out here with (Amazon) AMZN as support from the gap up two weeks ago has been violated as well as its steep current trend-line.
You have an exhuastion gap ready to play out here and in the worse case scenario a move back to $310 filling both gaps in October.
To say the least, you should best be looking at your exit plans for this stock.
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
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The percentage amount for your stop-losses and where to put them at when trading the stock market can be very difficult to determine. In this podcast episode, Ryan talks about times when it works using tight stop-losses versus very wide stop-losses and the tricks that you can use to narrow the stop-loss even further.
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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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