Earlier today, I posted the screen results of 18 stocks trading at a steep discount relative to its share price; tonight I flip sides and give you three stocks that have technically broken down, and are prime for a short position with an excellent risk/reward setup. The only catch is the general markets. Any short position you take on right now, is going to be rather difficult due to the fact that the market only seems to go in one direction these days. Nonetheless though, I give you three excellent short setups.
Durban Roodeport Deep (DROOY)
Click Here for the Other 2 Short Setups.
Mastec (MTZ)
Everest Re Group (RE)
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.
Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face.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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