The stock market traded lower for a second straight week following an epic rally in stock market for the month of April.
Does the recent weakness signal that the stock market crash is about to resume, or does it mean the stock market crash is over? How concerned should you be that the stock market is going up to fast, and are beginning traders and their exuberance for buying the dip keeping the stock market over-hyped far longer than we expect. In this video, I go through the Fibonacci retracements, as well as compare it to the stock market crash of 1929 and also the one from 2018. I will go over all the charts and show you what my technical analysis is telling me on the charts.
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, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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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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