May 15, 2008
The price of oil was once again on the forefront as it managed to finish down on the day. Wall Street is watching the price of oil very closely, as the higher that prices rise, the less able that consumers will be able to purchase their iPods, big screen tv’s, and other toys that the economy depends on us to buy (2/3’s of GDP is consumer spending – so the price of oil and its affect on consumer spending is of great concern to the U.S. economy). NASDAQ broke out above resistance and we will look to see whether it can show strength and extend those gains or whether it will sell-off and once again test its trend line. The S&P is facing resistance and will need to break through these levels or it is likely to retrace back to the upward trend line in place.
Now to 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.
When should you increase your position size for swing trading in the stock market? Does the percentage that we dedicate to each of our swing trades change over the years or is it etched in stone? In this podcast episode, Ryan goes over his reason for increasing his position size in trading and what can lead a person to doing that for themselves.
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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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