The Chart of the Day…
From ZeroHedge
Quick Glance at the Market Heat Map and Industries
Notables:
- Market got the bounce it needed today.
- Consumer Goods were stellar
- AAPL chose to sit out the rally.
SharePlanner Compass:
Got the bounce – all things still look good for this market going into next week.
And of course…the RIDICULOUS!
@BrysenP in our chat room (one of the many great traders in there) found this gem that I wanted to share tonight. It’s interesting to see how superficial our society can be when it comes to stardom.
[UPDATE: Accccccccccctually… This was a TradingWife video…. BrysenP is responsible for this video here: http://youtu.be/1yA0ov1Vdow which is pretty interesting in its own right.]
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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