Visa (V) was a trade that I booked profits in today of more that $10/share. But what is more important is to know why I booked those profits, and how I was able to avoid the $4.00 reversal that happened soon thereafter, to the downside.
I use Bollinger Bands, probably not in the most conventional of ways, but in a way that helps me to fulfill my goal of consistently booking profits from the market.
Today was a perfect example of how Bollinger Bands, used in the manner that I detailed below, and will allow for you to know when you should book profits from the stocks you trade as well.
Here’s the trading 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.
In today's episode, Ryan talks what a dividend portfolio should look like, how much he allocates to his dividend investments and how he manages the risk on his dividend stocks & ETFs, as well as drilling down into the basics of dividend stocks.
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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