Bull market opens the floodgates for the longs
I know there a re a lot of shorts out there today that are breaking monitors, keyboards and mouses. This is the problem with trying to frong run reversals. It is a deadly strategy. Stop it, don’t do it. I hate this market to. It is propped up by the fed, and in my opinion is so far away from being a free market it is isn’t even funny.
But when it comes to your capital, this is not the time to prove a point. Saddle up and just go long.
Just in case though you are going to be stubborn about it, I’ve included a short setup for you too.
Here’s today’s lazy swing trades
Long: Boston Scientific (BSX)
Short: Sun Power (SPWR)
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.
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.
Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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