The big question in the stock market and Tesla stock today is: Should I sell Tesla stock right now, or should I buy Tesla stock right now? Since Tesla post split, the stock has dropped from over 500/share to under 400/share. There are a lot of Robinhood traders turning into instant bagholders as they were investing in Tesla stock at the all-time highs as they put their faith in Elon Musk, instead of the Tesla Technical Analysis. TSLA stock was due for a pullback but now I tackle whether you should be buying Tesla stock or selling Tesla stock in the midst of what could be another stock market crash.
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.
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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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