The Chart of the Day…
From one of the SharePlanner’s regular contributors – and for the elliot wave theorists too.
Quick Glance at the Market Heat Map and Industries
Notables:
- I’d say that the S&P for the most part had a shadow of bearishness cast over it today.
- Basic Materials recovered nicely… and consumer goods has splotches of goodness
SharePlanner Compass:
Still holding on to the bullish bias here.
And of course…the RIDICULOUS!
There’s a number of cat-lovers on SharePlanner, and I’m sure they might not be the biggest fan of what’s about to happen below, but still, worth marveling at its uniqueness.
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.
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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