The market is showing signs of hitting a new rough patch, particularly with issues in Europe running amuk and unable to resolve any of their issues.
Below I have three charts showing signs of cracking, and once they clear critical support levels, should see the bottom fall out from underneath them. All three are swing trades, and patience and waiting for the ideal entry level as noted below is key.
Salesforce.com (CRM)
Avalonbay Communities, Inc. (AVB)
Stryker Corp (SYK)
Welcome to Swing Trading the Stock Market Podcast!
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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.
Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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