I’ve taken a long position in BUD, but may add 1-2 short positions in the next day or so.
My entry in Anheuser Busch (BUD) at $88.99 happens just as the stock is on the verge of breaking out of some major consolidation of late. The second position, Clean Energy Fuels (CLNE) has failed yet again today to break through major resistance and has given up most of its gains when the market has held strong.
Here’s today’s Lazy Swing Trades
Long: Anheuser Busch (BUD)
Short: Clean Energy Fuels (CLNE)
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.
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What do you do when the best trade setup that you can find is a stock that you already have a position in? Should you trade a stock that you already have a position in and exponentially increase the size of that position? In this podcast episode Ryan explains the circumstances that allows you to increase your position size in an already profitable trade and how to manage the risk in doing so.
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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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