Bulls are white knuckling this market making sure it does nothing but go higher.
Two problems though with finding quality stocks to trade in the current market:
1. Most of the quality trade setups are quite stretched to the long side, which doesn’t provide ideal risk/reward setups
2. The stocks that have not run higher with this market over the last couple of weeks, leaves you wondering why it hasn’t and whether they should be traded.
Somewhere, you have to find the trades in between, meaning the ones that provide ideal risk/reward setups while also showing an appropriate amount of bullishness during this run up, without getting out of hand.
Here’s a list that attempts to do just that!
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.
In today's episode, I talk about tightening the risk on the trades and the benefits of taking a multi-pronged approach in doing so between profit taking and raising the stops. Also, I cover how how aggressive one should be in adding new swing trading positions and how many open positions that one should have at any given time.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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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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