It was a quiet day in the stock market. Our swing-trades in Apple (AAPL) broke out very nicely and in a text book fashion. We got out of our long position in LUK for a 0.9% loss simply because it wasn’t behaving as I intended the trade to. So instead of holding on to it longer than necessary and increasing my risk, I dumped the stock and will wait for it to re-emerge as an ideal long setup again.
That could be tomorrow, could be next week or never. The thing is, I don’t believe in holding a stock simply for the purposes of hope. Its either performing or its not.
We added one additional long position today in JAH and its is off to a great start, and Oscar’s day-trading performance today netted another $300 on our $25,000 portfolio trading names like TWTR, SCTY, and JOSB.
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So with that said, let’s get to the watch-list for the last day of trading before Turkey Day!
Long Assured Guaranty (AGO)
Long Cemex (CX)
Long International Paper Company (IP)
Short Dow Chemical (DOW)
Short Facebook (FB)
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.
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.
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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