It’s great to be back today after being away for two-days (a rarity for me).
Two new positions today and they make up today’s daily lazy trades to the long and short side. In both trades I’m placing a heavy emphasis on support and resistance, and looking for where key levels that have held of late in conjunction with current market action.
The first one is a long position in Groupon (GRPN) which seems to be basing nicely above the 20-day moving average with a developing trend-line off of the stock’s all-time lows. I’m long at $4.88.
The other is Invensense (INVN) which created a nice double top, confirmed the pattern and is now basing just a shade below the neckline of that pattern. I’m short at $12.14.
Here’s today’s long and short lazy trades. 
Long:
SHORT:
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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.
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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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