Palantir Technologies (PLTR) Rising trend-line off of May lows tested and held so far today. Attempting to bounce from here.
CBOE Market Volatility Index (VIX) pulling back some today, but still hovering just below a significant base breakout level here.
Moderna (MRNA) was a one trick pony, and not one worth ever buying the dip on. Now it breaks major multi-year support.
While Meta Platforms (META) might be trying to bounce today, after having pulled back from a higher-high, I am looking for another retest of the rising trend-line before I would consider a new swing-trade there.
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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