Swing Trading Watch List: F, OWW, BID, SPWR, JNY
Ryan Mallory | Dec 11, 2013 03:44PM ET
Today took a lot of traders by surprise.
The cards didn't really show this happening, but one of the keys to trading is to expect the unexpected and not be surprised when you are... well....surprised.
I went from 80% long in my swing-trading portfolio to only 20% long by the end of the day. Much of that was due to the fact that I was managing the risk aspects of the trades well before the sell-off ever happened, so that when the sell-off did happened I got out of my positions due to the increases in the stop-losses before much damage could be done. So with the positions that I was stopped out of, I came away with a net profit.
So these kinds of days, while never thrilling if you are net long can be managed with minimal damage but always have to be diligent with managing the risk of every trade you take.
Here's tonight's trade setups for tomorrow's trading:
Short Ford (F):
Short Orbitz Worldwide (OWW)
Short Sotheby's Holding (BID)
Short SunPower (SPWR)
The Jones Group (JNY)
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