Despite horrible economic news, the market has held its recent gains.
If you wondered what it looks like to climb the “Wall of Worry”, the stock market is doing exactly that right now, and doing an amazing job of it too. Because the world is staying home to fight a pandemic, the economy is paralyze – but the market continues to hold the rally off of last week’s lows.
Below I have updated my list of stocks that should be followed for possible future short setups, should this market turn lower again. I for one think that it will, but I’ve seen crazier things happen. I’ve tried a few times in the past few days, with a small portion of my capital. So far not much luck, but keeping risk incredibly tight during this time period as well. Check out the stocks below, and as always, don’t get overly zealous and attempt to short everything in sight. It’s a process, and if you go that direction, be willing to give it some time.
Here’s the bearish watch-list for this week:
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.
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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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