The Chart of the Day…
This comes from yesterday’s market action, but I still wanted to show you this incredible action on the 1-minute chart and how quickly the commodity dropped. It also shows the importance for stop-losses at all times.
Quick Glance at the Market Heat Map and Industries
Notables:
- Some of the bigger banks managed to stop the bleeding we saw yesterday – Basic Materials continue to slump.
- Consumer Goods and health-care were really the only sectors that showed a glimmer of hope.
SharePlanner Compass:
We may pullback yet again tomorrow, but the fact of the matter is, we’re near a point that I believe we’ll see the bulls reignite their interest in this market.
And of course…the RIDICULOUS!
Two videos have come out in the past 24-hours showing both Presidential Candidates in a different light. You decide which video hurts Americans most.
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.
Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan.
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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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