The bulls are taking some hits but they are not giving up. At least not yet.
We saw that most clearly today when the market stopped me out of 3 positions, only to see an inverse head and shoulders pattern form at the lows of the day and confirm the pattern shortly thereafter. It was that point, where I started adding new positions to the portfolio and have gained back my 50% long exposure in this market.
Here’s my current bullish list of trade setups that I am watching:
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.
How do you handle swing trading when you suddenly come across a notable increase in your net worth? Whether it is through an inheritance, a job bonus, or the sale of a large asset, How should this be handled exactly? In this podcast episode, Ryan explains his approach to a sudden increase in capital for trading and how one should handle it.
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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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