I will admit, I was a bit nervous about pulling the trigger on this one, but you have to put those feelings aside, and trade off of the charts, and at the time I bought Mentor Graphics (MENT), I noticed the the market was consolidating at its lows and trying to bounce off of the current upward trend-line as well as the 10-day moving average. MENT was also holding support at where it broke out yesterday, and offered and intriguing trade setup, so I took it. Granted this market could reverse and go lower, and totally blow me out of this position, but that is the inherent risk that goes along with trading.
Here’s my chart analysis on MENT.
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!
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How does war impact the stock market and what are the potential risks and hazards that impact traders attempting to remain profitable in their swing trading? In this podcast episode, Ryan Mallory covers everything managing the volatility that comes with the headline risk, dealing with heightened levels of emotions, securing open profits, and market exposure to uncertainty in the stock market.
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