The SharePlanner Reversal Indicator is lighting up with green.
After a good solid month of August where price action spent most of its time in the red, the last three days have been uber-bullish for the S&P 500 (SPX) and may even finish in the green to close out the month, which would really be unbelievable considering how dismal of a month it has been for bulls until the last few days.
In fact most of my profits and best trades came from shorting the market this month. Right now, I am long, but that wasn’t the case most of the time.
Below, you’ll find the SharePlanner Reversal Indicator. Right now, it is forecasting a big bounce, and that is exactly what we are getting out of this market right now.
So if you haven’t done so yet, it would make sense to be covering short positions and locking in those gains so that you don’t lose everything you worked hard for.
Here’s the SharePlanner Reversal Indicator:
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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