Chart of the day…
Unbelievable how well I relate to this chart….
Quick Glance at the Market Heat Map and Industries
Notables:
- Apple still one huge mess… no market correlation at all.
- Metals and Financials on fire today – just what I like to see.
- Utilities still struggling to find its footing.
Be sure to check out my latest swing trades and overall past performance
SharePlanner Market Compass:
Despite the selling after the morning pop, I wouldn’t be surprised to see us still move higher tomorrow.
And of course…the RIDICULOUS!
Have you seen what SharePlanner is doing with DittoTrade… Yes, this technology is ridiculous…
:
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 talk about tightening the risk on the trades and the benefits of taking a multi-pronged approach in doing so between profit taking and raising the stops. Also, I cover how how aggressive one should be in adding new swing trading positions and how many open positions that one should have at any given time.
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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*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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