Spotify Technology (SPOT) pullback could see a bounce off of this major price level.
Robinhood Markets (HOOD) false breakout yesterday of the bull flag, giving it another shot today.
Okta (OKTA) neckline of the inverse head and shoulders pattern. Just starting to breakout, but also needs to clear the 50-day moving average as it has been a challenge of late.
Wynn Resorts (WYNN) has a double bottom off of long-term support, but since breaking out and confirming the pattern, it hasn’t created any new momentum to the upside. Very non-committal so far.
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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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