This week’s list of trading setups.
It has been sluggish for stocks so far this month and I’m not so sure that this market hasn’t seen the highs put in already for the time being. While I’m not playing that hand yet, I am completely open and ready to respond accordingly with some short positions if that ends up being the case. As for now, I continue to trade the trend, and that trend is up.
To be successful in trading, one can’t let his personal opinions about the market get in the way of where the market is currently going. Follow the trend, avoid calling tops and bottoms, and just keep opinions to just that… opinions.
If you do that, the market will let you know when the time is right to start adding some short positions to the portfolio and when it does, you’ll have this list handy.
Here’s the trade setups:
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.
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What do you do when the best trade setup that you can find is a stock that you already have a position in? Should you trade a stock that you already have a position in and exponentially increase the size of that position? In this podcast episode Ryan explains the circumstances that allows you to increase your position size in an already profitable trade and how to manage the risk in doing so.
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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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