We lived a life time in the first half of 2020, what does the second half have in store?
I hate to say that there’s no way that the second half of this year could be crazier than what we have experienced so far in 2020, but the mere statement will likely doom us all to experience exactly something even crazier.
There’s a number of stocks that I have had to take off the watch-list – stocks like Amazon (AMZN) and Tesla (TSLA) because taking positions in them at this juncture is a bit insane from a reward-to-risk stand point. I want to, instead, focus on the stocks that offer the best return for the risk one takes on.
The bullish watch-list continues to shrink in number simply because of how overstretched most of the charts are at this point. Though, if they can get going, stocks like Roku (ROKU) and Home Depot could be setting up for another leg higher.
Here’s my watch-list of long setups I am following:
For similar reasons, quality short setups are far and few between, though I have seen a slight uptick in them in recent days, as there have been some significant divergences emerge on the indices and market internals.
Here’s my watch-list of short setups I am following:
Welcome to Swing Trading the Stock Market Podcast!
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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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