The Trade Desk (TTD) attempting to break out of a year-long sideways channel.
Watch Starbucks (SBUX) as it tests the underside of its broken trend-line. I expect some push back and if it holds could set up for the next leg lower.
Apple (AAPL) breakout to new all-time highs.
Lululemon Athletica (LULU) sharp rejection at resistance and couldn’t break out, and now starting the gap fill.
Bearish wedge forming in Communications Sector (XLC). Keep a close eye on a possible downside break, especially if $GOOGL starts to weaken.
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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, 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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