United Airlines (UAL) couldn’t push through resistance, and instead resumed its current downtrend. Sets up well for a retest of the lower $30’s.
Advanced Micro Devices (AMD) despite pulling back about 5% today, for me it’s not worth playing until it retests its rising trend-line and holds.
The ideal way for me to play PayPal (PYPL) would be if it pulled back to the breakout level and bounced. Playing the initial breakout didn’t have an ideal reward/risk scenario on it.
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.
Trading what you see and not what you think is one of Ryan's popular trading expressions that he has lived by in his 30 years of trading experience. In this podcast episode Ryan explains why it is so important to not think your way through the market but to be a trader who sees what to trade and reacts accordingly. If you are struggling as a trader, it may very well be that you aren't seeing but thinking your way through your swing trades.
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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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