There’s an epidemic in the swing trading game: most traders lack trade management skills and screw up the the the exit (aka the reward).
Even losing traders can stock-pick, find a good entry, and manage risk. That’s where most of us spend our time and energy, researching entries and calculating risk.
What separates winning traders is the exit. This is where your trade management skills comes into play.
That exit is the payoff. That’s where you realize your gains. Consequently, it’s also where most of our mental frailties rear their ugly heads. Once in a trade, that little voice in your head starts messing with you. It says something like, “hurry up and take that quick profit before the stock pulls back you loser!” Before you know it, you’ve micromanaged your position and taken a small, meaningless profit before the stock takes off and hits the big win you had planned.
If you have ever dealt with swing trade management issues, never fear, Paul is here! In today’s video, we take our live $BRZU position and use it as a case study to analyze the trade management aspect of the trade. This video is must watch: you’ll get into my head and see exactly how we plan and manage the trade as it develops.
This video is the second in the $BRZU case study. Check out the first video to understand how $BRZU made our watchlist.
Remember, members of the swing service get all of these trade alerts intraday in real time.
This swing trading service is great for those that work and can’t monitor the computer all day. We have in-depth nightly reports on the game plan for the day/week and all stock picks that I trade will be alerted and emailed to you.