I want to be clear – not all of them are bullish.
There are a mix of stocks that are benefiting from the Coronavirus pandemic – like Kroger (KR), and others that are selling off hard but approaching some major long-term support levels that if it can hold and the market can hold steady (doubtful in the short-term) could create some decent risk-reward setups.
With that said, I have no desire right now to buy any of these stocks.
ZERO!
But I keep a running watch-list under all circumstances, no matter the market conditions. You’ll disagree with some of my stocks and that is okay – better safe then sorry. Take Walt Disney (DIS) for example, the stock is in a free-fall. However, I do find it interesting to me the long-term support at $90 and whether it can hold that price level going forward. In the short-term, I think it is doubtful – but long-term it is possible. Am I going to buy it? Nope. Not now, but I watch, and you can’t lose money watching right now.
Play it safe, don’t let this market rough you up and there is no need to play the hero. Your capital will thank you.
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.
Emotional trading will destroy one’s portfolio. Aiming to hit home runs with every trade is a sure sign that the trader is overly emotional and only cares about fast money. In this podcast episode Ryan explains how chasing after stocks like MicroStrategy (MSTR) without a plan for managing the risk can ultimately ruin a trader’s attempt at being a successful swing-trader.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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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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