Amazon (AMZN) unable to hold on to key support here. Still possible though, and be careful of, a bear trap here with oversold market conditions.
Ideal conditions for Uranium ETF (URA) entry would be on a pullback to the rising trend-line once a bounce materializes. Buying here at overextended levels, creates a high risk scenario with limited reward.
iShares Barclays 20 Year Treasury Bond Fund (TLT) has reversed all of its early gains and now pushing closer to a retest of 2007 support.
Cava Group (CAVA) remains entrenched in a declining channel. If it continues to bounce watch the upper channel band for resistance.
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.
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In today's episode, I talk about tightening the risk on the trades and the benefits of taking a multi-pronged approach in doing so between profit taking and raising the stops. Also, I cover how how aggressive one should be in adding new swing trading positions and how many open positions that one should have at any given time.
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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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