Nearing a bullish reversal, but for now, this stock market is still crashing
And should be treated as such!
Yes, the SharePlanner Reversal Indicator, over the years, has been amazing at timing bullish reversals in the market, and it is nearing one here. No, it isn’t there yet, but next week is certainly a possibility.
There is no way I’m leaving my comfortable and cozy 100% cash position ahead of the weekend, where there are three nights of international chaos along with the potential for an outbreak here in the US. We make it past this weekend, and the market shows a possible willingness to bounce, then maybe I’ll get interested.
But for now, this market could go right back to all-time highs before the close for all I care, and I won’t buy anything ahead of the market closing.
Also, people laughed at the notion of using a stop-losses in the past, saying that you should believe in what you trade. Well, how is that theory working for you now?
Here’s the SharePlanner Reversal Indicator:
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.
In today's episode, at episode 500, I am diving into the lessons learned from trading over the last 100 episodes, because as traders we are evolving and always attempting to improve our skillset. So here is to episode 500, and to another 500 episodes of learning and developing as swing traders in the stock market!
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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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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