May 5, 2008
Microsoft withdrawing its buyout offer to Yahoo! dominated the financial news today and weighed heavily on the markets spending most of the day in the red. After hours showed Yang, in an indirect fashion, admitting that his game of hardball probably wasn’t such a smart idea and is willing to re-open discussions, which should help the shareholders of Yahoo! and the market alike out tomorrow heading into the open. Outside of the large amount of volume across all of the indices, the market is pulling back nicely, and if we can consolidate over the next couple of days, the bulls will get very interested and likely push the market higher.
Let’s look at the NASDAQ and S&P charts…
Welcome to Swing Trading the Stock Market Podcast!
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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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