Market is weak today, which if you read my trading plan this morning, comes at a bit of a surprise, because I was leaning toward seeing a bounce today – and who knows maybe we will. But for now, the mission of the bulls, has to be to plug the hole in the dam and start moving higher to recover these losses. Below are my long and short trade setups for you to take a look at. In neither one do I have a position at the moment.
LONG: Huntington Bancshares (HBAN)
SHORT: Sanofi-Aventis (SNY)
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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