You all have heard me harp on this perverted idea being headed up by Congress called “Let Wall Street Pay for the Restoration of Main Street Act of 2009” which would essentially bankrupt the brokerage accounts of every trader out there over the long run. Congress is proposing a tax of 0.25% tax on every transaction made, whether you are buying or selling. This would nail your 401(k)’s, IRA’s and any other type of brokerage account you might own.
The scumbags that are heading this up, (“scumbag” is the nicest word I could find to descibe these lunies) and those that support the bill have this belief that we work for “Them” rathan than they working “Us”.
Follow the link to the petition below and make sure you let your voice be heard!
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.
Emotional trading will destroy one’s portfolio. Aiming to hit home runs with every trade is a sure sign that the trader is overly emotional and only cares about fast money. In this podcast episode Ryan explains how chasing after stocks like MicroStrategy (MSTR) without a plan for managing the risk can ultimately ruin a trader’s attempt at being a successful swing-trader.
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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