I came into the day 20% long and now I am currently 40% long.
If you told me this morning I’d be doubling my long exposure, I might have thought it would be unlikely, but when you get one of the biggest reversals of the year to erase a 30 point loss, and actually push for a finish in positive territory, well, that becomes another story.
Here’s the reversal:
To say the least that is huge! And it has the bears in full back pedal right now covering shorts as fast as they and ultimately fueling this market rally even higher.
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.
How do you handle swing trading when you suddenly come across a notable increase in your net worth? Whether it is through an inheritance, a job bonus, or the sale of a large asset, How should this be handled exactly? In this podcast episode, Ryan explains his approach to a sudden increase in capital for trading and how one should handle it.
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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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