The Chart of the Day…
from a really cool site called SocialTrade.com – Looks ready for a pullback if you ask me.
Quick Glance at the Market Heat Map and Industries
Notables:
- Technology was notably weaker than the rest
- Consumer goods actually managed to hang in there quite nicely.
SharePlanner Compass:
I’m pretty sure we’re ready for a pullback – even if it is just a modest one – I think it is necessary.
And of course…the RIDICULOUS!
Often times when we sell a stock for a profit only for it to immediately rise higher for an even greater would-be profit, we tend to get frustrated by that. I always call that “looking up a dead horse’s rump”. Well to illustrate that – I present you a man, who chose an elephant instead.
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.
Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan.
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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– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
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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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