Jumped into Viropharma (VPHM) this morning at $17.11 on a break of previous highs, which it did in a very convincing manner. To say the least I am glad I got in when I did, though it is impossible to know that a stock will pop its top like it did soon after I got in.
Here’s the chart setup on VPHM.
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!
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#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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