You get the feeling that today is going to be yet another one of those trading sessions that you say to yourself, “I wish I could get back those 6.5 hours of trading!”
Since the early ramp Friday morning, the market has been insanely dull and boring and today is doing little to change that if not exasperating the problem.
I’ve added one additional short position and I’m not inclined to add anything else at this moment. I don’t have any current plans to add any long positions either.
But if I did, they’d be coming from the watch-list I’ve posted below. There are plenty of nice setups, you just have to time them correctly with the market, because if this market continues the slow-motion rollover, then you’ll want to avoid the long positions all together. But there is nothing to say, at this point, that the bulls won’t eventually ramp this market higher either.
Anything goes right now. The best move you can make right now is to be slow to react.
My bullish watch-list:
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, at episode 500, I am diving into the lessons learned from trading over the last 100 episodes, because as traders we are evolving and always attempting to improve our skillset. So here is to episode 500, and to another 500 episodes of learning and developing as swing traders in the stock market!
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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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