Wow this just gets better and better on the short side. I hope my readers have realized the importance of having good levels in hand, and how individual stocks have been showing weakness lately. I personally don’t write any of these posts to prove anyone wrong, I like to help you all anticipate a bigger move, and hopefully make you understand how the market really works, and how different it looks like from the talking heads on tv.
$SPY 1st support is 153.16 2nd support 151.80 and 3rd is 150.12.
$SPY 1st target is 154.78 2nd is 155.24, 3rd is 155.55, and 4th one just for fun is 156.45.
Trade what you see not what you think
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.
Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan.
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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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