What da!?! Say What!?!
Seriously – the SPX is hitting 1729 at the highs of the day?
I’ll be the first to admit I didn’t see that happening. I had four longs entering the day, and I added two shorts just to guard against a sell-off on tapering comments in the FOMC statement.
Weeeeeeeeeeeeeellllll…… there was no tapering comments. The bulls like, and the bears are probably throwing themselves off of building right now.
Honestly, I’m glad I was proven wrong on my two short positions, because it was to the benefit of my four long positions. What’s not to like about there?
In any case, Here’s my video for today on this market insanity!
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 this podcast episode, Ryan Mallory talks about the big losses that traders experience and what to do with them when the amount of the loss seems impossible to come back from.
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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