April 29, 2008
Once again investors are weary of putting any money to work ahead of the Fed meeting tomorrow as the indices traded in a sideways fashion. With that said, expect tomorrow to also be especially quiet heading into the announcement. However, once the news hits the wires, computer buy/sell programs will most certainly kick-in and the market should jerk around some before eventually settling down and eventually deciding on its direction for the day’s duration. It is widely expected that the Fed will cut by 25 basis points, and we at Shareplanner don’t expect any differently. The market’s direction will more than likely be tied to what the Fed says in the FOMC statement. Remember trying to jump in ahead of the Fed can be costly – Do so knowing the risks.
Let’s look at the NASDAQ and S&P charts…
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.
Emotional trading will destroy one’s portfolio. Aiming to hit home runs with every trade is a sure sign that the trader is overly emotional and only cares about fast money. In this podcast episode Ryan explains how chasing after stocks like MicroStrategy (MSTR) without a plan for managing the risk can ultimately ruin a trader’s attempt at being a successful swing-trader.
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