Similar reversal action was last seen on the bottom formed in August 2011
Quick Glance at the Market Heat Map and Industries
Notables:
- Apple as well as finances led the way
- Healthcare was strong, risk coming out of Utilities
- Services and Materials still showed signs of weakness.
Be sure to check out my latest swing trades and overall past performance
SharePlanner Market Compass:
Until the market closes above Friday’s highs or yesterday’s lows, there is no reason to form opinion about the market’s direction.
And of course…the RIDICULOUS!
We need about 100 more of these butt-kickings every day…
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, I explain whether it is a good idea or not to rapidly increase the size of your portfolio if you come across a sum of cash. A lot of traders will do this without ever recognizing the emotional toll it can have on you as a swing trader and the awful mistakes you can make in doing so.
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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🎧 LISTEN TO MY PODCAST 🎵
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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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