What would we do with out Oscar’s high probability day-traidng setups?
Day after day and week after week he brings traders in the Splash Zone the best in intraday setups, with today netting subs $256.14 on a $25,000 portfolio and brining the month’s total to $3,408 and $13.6%.
On the Swing-Trading front I padded my gains for the month some more and added two new positions but did not close out any exisitng trades in the portfolio. I’m about 70% long and with the FOMC statement, I want to stay at that level or less. So any new positions added tomorrow will result in a position that I close out too.
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Now, let’s get to matters at hand with tonight’s trade setups:
Long: Alcoa (AA)
Long Royal Caribbean Cruises (RCL)
Long Steel Dynamics (STLD)
Long Owens Corning (OC)
Long Portland General Electric (POR)
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.
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.
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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*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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