I’ve seen a lot of these high-flying stocks, like NFLX, and others sell-off hard due to rumors about a CEO (i.e. Steve Jobs and Apple) or a resignation by another corporate executive (like what we have today with NFLX), only to see the stock quickly rebound within a few days or even the same day. That is why I got into NFLX which happened to pull back nicely to its current trendline and the 20-day moving average as well. My stop is a lot wider than I typically put on a trade, but I will be aggressively tightening it at every opportunity.
Here’s My Trade Setup in NFLX.
Welcome to Swing Trading the Stock Market Podcast!
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Commit these three rules to memory and to your trading:
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New traders often burden themselves with the need to make trading fun and exciting, when in reality successful swing trading is all about making it as boring as possible. In this podcast episode, Ryan explains why it is so crucial to make trading as boring and dull as possible and to avoid the need to make trading thrilling and adventurous, because the latter will keep success out of reach.
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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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