I know it is late Friday, and some of you have already checked out of town, but if you have an urge to place a trade or two to hold over the weekend, here are three long-setups that you may want to consider. I like all three of these stocks, and believe they provide a solid risk/reward setup. So have at it and enjoy. I’ve also provided you with what I think is the best stop-loss to use on each of these setups.
Henry Schein (HSIC)
Click here to see the rest of my trade setups.
BorgWarner (BWA)
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.
Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face.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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*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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