Quick Glance at the Market Heat Map and Industries
Notables:
- Financials and Basic Materials stuck out as the two strongest sectors.
- Healthcare and consumer goods had splotches of weakness.
SharePlanner Compass:
Doesn’t feel like it but we now have a series of higher-highs and higher lows – if we don’t fake out on Monday, I might just have to adjust the compass directly over the uptrend.
The Chart of the Day…
– Okay… so you’ve seen this stock AXAS (which I don’t think I’ve ever traded before) with a strong setup and you ride it up the whole day. You’re sitting at $3.45/share and you got in at $2.93. And then… all of a sudden… on no new…WHAM! BAT BAM! Down to $2.49 – are you kidding me? Who cares where it managed to scrape by and close at, this thing took out 25% of its market cap in seconds. Moral? Never, ever, ever trust the market or a stock or anything financially related.
And of course…the RIDICULOUS!
Ladder, Spider, Dad acting like a hero to his little girl, and of course a hand-held camera. These things NEVER end good.I love the ‘horror-feel’ to the end of this video.
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, at episode 500, I am diving into the lessons learned from trading over the last 100 episodes, because as traders we are evolving and always attempting to improve our skillset. So here is to episode 500, and to another 500 episodes of learning and developing as swing traders in the stock market!
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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