The bulls just can’t seem to string together two strong solid days together.
It tends to go like this: Rally, complancency for the next 5-10 days, rinse and repeat.
Today is that kind of day. Yes, Apple (AAPL) is going gangbusters and essentially the only reason why this market hasn’t traded lower today. With a market cap over $800b, you can have that kind of effect on the market when you put together a 3% rally.
Still the trend is pointing higher for this market. How much higher is the big mysterious question. No signs of a breakdown yet, but eventually it will come and if you aren’t raising stops and protecting profits a long the way, you will get hammered.
Until that time, the long side is the only side of the trade to be on. Here’s what I am following this week:
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!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
How should one go from their regular 9-5 job into full-time trading? As a swing trader, we don't have to necessarily be full-time, and instead we can combine our trading into a lifestyle that allows us to maximize our time and earning ability.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
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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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