Best day for this market in a long time, especially after trading in consolidation for about 3 weeks. I've got CREE up 4.5%, SJM up another 1%, XEC up about 6% and a whole slew of other stocks trading higher too.
In the video here, I tackle the market's direction going forward now that we've crossed 1700. Also of personal interest is some personal beliefs of mine and that includes not trading so passionately about the stocks in your portfolio. Not marrying yourself to them, and taking it personal if someone has a different view other than your own about the stock. Just remember in order for you to have bought that stock, somebody had to sell it to you, or perhaps even short it.
Here's the video:
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.
Passive investing can be a great source of funds for retirement and for building a nest egg. In this podcast episode, a husband and wife asks Ryan's thoughts on building a SPY position on just $2/day. While consistent building a nest egg, is great, the timing and strategy in doing so is just as important.
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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