It was a chop-fest all day long today. The day-trading in the Splash Zone was busy and still managed to squeak out a $77 day overall. It doesn’t sound like much but when you are adding consistent profit to your portfolio and not taking away from it, that is nothing to frown upon.
On the other side of the trading aisle the Swing-Trading closed out LYV at $19.26 from $18.80 for a nice $490 in profit.
We’ve been piling on the profits in October, and we’d love to have you in the SharePlanner Splash Zone so be sure to sign up for our free 7-Day trial by clicking here.
Now on to the SharePlanner Watch-List. Tonight I’m posting three short setups and two long setups. Ahead of the FOMC statement, I think it’s important to load up the quiver with some short opportunities just in case whatever is said marks another short-term top like last FOMC statement.
Here’s the setups:
Short F5 Networks (FFIV):
Long CME Group (CME):
Short Hertz Global Holdings (HTZ):
Long Hanesbrands (HBI):
Short Goodrich Petrol (GDP):
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.
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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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