Up 8 of the last 9 market sessions, SPX still printing new all-time highs practically every minute of the day.
A sell-off literally cannot last longer then 5-10 minutes. There is no fear of risk in this market, and while stocks under the surface are not doing nearly as well as the overall markets are doing, when you have QE4 that the Fed explicitly says is not QE4, and cutting interest rates at all time highs, what could be possibly go wrong?
Okay, I’m playing up to the crowd there because that is what most people want to read. But the reality of it all, is that all this hype and hope and fear of missing out (FOMO) will always end badly. Right now, this market is on so jacked up artificially that it is every bit reminiscent of the late 90’s, when the market finally peaked in March of 2000.
Now, I’m still going to provide a bullish watch-list for you on the first day of trading each week, but that doesn’t mean I don’t have my reservations about this market. Enjoy the rally while it lasts, but don’t you dare stop using stops on all of your trades.
Take a look at the bullish 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.
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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