Why I prefer not to hold stop-losses as “good-till-canceled” or placed in the premarket

Quick Glance at the Market Heat Map and Industries

Notables:

Not nearly as weak yesterday.
Some pockets of strength, particularly in services.
Tech improved slightly but financials still struggling.

Be sure to check out my latest swing trades and overall past performance

SharePlanner Market Compass:

Stock-Market-Compass-Pullback

Wouldn’t be surprised to see a bounce tomorrow but not where it would typically happen.

And of course…the RIDICULOUS!

Let’s see if the market puts the breaks on the sell-off like this driver did with the tailgater.

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Swing Trading the Stock Market

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.