We got the FOMC Statement today and we managed to book all of our gains day-trading before the statement even came out. We netted +$255 overall.
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Tomorrow is the last trading day for the month of October and we’ll be posting our day and swing-trading stats afterwards and let me just say, it has been one heckuva month.
The SPX is looking pretty vulnerable at the highs here with today’s sell-off and futures are already sketchy as they are trading lower after hours.
As a result, I’ve provided below 5 swing-trading short setups for your taking.
Here are the short setups:
Short: F5 Networks (FFIV):
Short: International Paper Company (IP):
Short: Interpublic Group of Companies (IPG):
Short: Pinnacle Entertainment (PNK):
Short: Sony Corp (SNE):
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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*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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