It was the big day that seemed inevitable with the relentless dip-buying taking place leading up to today.
So it’s no surprise the SPX gapped down like it did, to form a huge bullish engulfing candle pattern by day’s end.
As a result, I’ve loaded up the portfolio with some new long positions, and closed out some old ones, including a whopper of a 7.7% gain in GES and over $1,500 in profits for our subscribers.
The day-trading continues to soar with Oscar now up 6.7% on the month with over $1,600 in profits using our bare minimum day-trading account. Oscar had 6 different trades with 4 of them finishing in the green for $111 in profits.
With the SPX poised to push higher, consider subscribing to the SharePlanner Splash Zone and our Free 7-day trial. You can do so by clicking here.
Now, here’s the nightly watch-list.
Long Beazer Homes USA (BZH):
Long Diana Shipping (DSX)
Long E*Trade Financial
Long Starwood Hotels & Resorts Woldwide (HOT)
Short Juniper Networks (JNPR)
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.