So far the markets are giving back just a smidgen today.
But that definitely isn’t enough to justify getting short on this market. In fact, I see very little reason to even trim long exposure until, at the very least, the 5-day moving average is breached on SPX.
With that said below is the weekly list of bearish trade setups that I am tracking. Like last week, I don’t have any plans at the moment to take a short trade of any kind, and will choose to instead, just ride this market higher as it allows me to.
Here’s this week’s bearish trade setups:
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.
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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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