The bulls are off to a slow start, but at this stage of the rally, give them the benefit of the doubt. I can justify shorting a stock, as long as it is to hedge some existing gains on current long positions. But to be net short right now on this market, as the bulls are riding up the upper band, is just a bit too risky at this point in the game. As a result, I am still looking to remain net long and below are the long setups you will be wanting to follow on this shortened trading week.
Some really fine gems in here, so check them all out and see which ones best suits you.
Welcome to Swing Trading the Stock Market Podcast!
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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face.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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