Just shorted Hibbett Sports (HIBB) at $25.17. One that you could have found off of my published watch list (which I will be posting an updated one later today) from last week. Should this stock go in my favor (something that I never assume), I’ll be looking to take gains at $22.30. Should the market cooperate, this stock has a lot of downside to it. But please, please, please…if you do short this stock, make sure to use a stop-loss and be cognizant of when earnings are being released.
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.
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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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