The Chart of the Day…
Just a very interesting chart on the S&P 500 over a bunch of years that I found on SocialTrade.com
Quick Glance at the Market Heat Map and Industries
Notables:
- Big names in Tech still causing fits for the Tech Sector
- Financials had pockets of strength but overall finished lower as well.
- Basic Materials overall was solid.
SharePlanner Compass:
Nice bounce in the afternoon makes me feel comfortable with my long positions still.
And of course…the RIDICULOUS!
No rhyme or reason for why I chose this video, but for the fact it was simply neat to watch.
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.
What do you do when the best trade setup that you can find is a stock that you already have a position in? Should you trade a stock that you already have a position in and exponentially increase the size of that position? In this podcast episode Ryan explains the circumstances that allows you to increase your position size in an already profitable trade and how to manage the risk in doing so.
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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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