It is always a bullish market when new all-time highs are being printed day after day.
And that is what we have right now with the stock market. However, if you missed the majority of this move that started back on August 16th, don’t get all panicky and start buying everything in sight, because that sets you up for failure at the slightest decline from the market.
Successful trading requires that you remain attentive to the development of price action on the indices, and if you simply started paying attention again because of the headlines proclaiming new highs, then trying to get hot and heavy with this market probably isn’t the best idea. Instead, put some starter positions on, and as the market is willing to continue with the rally, add more positions, but don’t go 100% long now, because the risk/reward will be painful for you, should the market decide to book some gains later this week.
Below are the trades that I am following. I am constantly updating the list below in the Swing-Trading Splash Zone as well as notifying members of each trade that I make from it. So if you are interested, be sure to sign up here.
Here’s the bullish list of swing-trades.
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.
How to trade a stock split: in this podcast episode Ryan talks about the impact of what an announced forward stock split means for a stock that you are considering swing trading, or may already be trading. Also covered are the risks, and the strategy behind stock splits for investors and traders alike.
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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.