Swing Trading: Secrets for Survival and Success from a Navy SEAL
It’s not some magic formula that’s going to allow somebody to go after the thing they want to do. It’s the consistent progress or moving toward the thing they want to do, regardless of whatever thing comes up – and I call that thing ‘quitting.’
That quitting conversation will show up a hundred different ways, You can say, ‘This thing is bull#$@%. This thing is crazy. I can’t believe I’m doing this.’ Or you can create things like, ‘Well, that person’s just trying to hold me back,’ or ‘I’m just not good enough.’ Whatever … I’m telling you, quitting sounds very reasonable.
Literally, it’s a very simple process of getting on target and moving forward versus the conversation that leads to quitting. And those conversations show up every day for people. And, really, that’s the battle. That’s the war.
Read the rest in the final chapter of Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs by Larry Connors. To get your free paperback or digital copy of Short Term Trading Strategies That Work, click the link below.
Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs.
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Here are 7 Stocks You Need to Know for Monday
^AMZN^ bounced modestly after a five-day pullback of trading on Monday. Shares of AMZN had closed in oversold territory above the 200-day moving average for three days in a row before Friday’s bounce.
Shares of ^DTG^ are back in oversold territory above the 200-day moving average. With Friday marking the stock’s second consecutive lower close, DTG reports quarterly earnings on Monday.
One day after slipping below its 200-day moving average, shares of ^SNHY^ were following through to the downside in Friday’s session, losing another 3%. Sun Hydraulics is scheduled to announce quarterly earnings on Monday.
We highlighted the pullback in shares of ^PCLN^ in yesterday’s 7 Stocks You Need to Know. On Friday, the stock was the best performer in the S&P 500, gaining more than 9%.
Typical of the resiliency of many retail stocks – especially at the higher end – was the gain of well over 3% in shares of ^RL^ on Friday. RL had traded in oversold territory at the beginning of the week, and remains below its 5-day moving average despite strong week-ending gains. Also higher in Friday’s session was ^ANF^, up more than 4% after a sharp pullback on Thursday brought the stock to the edge of oversold territory.
Snapping back after Thursday’s sharp reversal, shares of ^KFT^ closed higher by more than 3% ahead of trading on Monday.
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David Penn is Editor in Chief of TradingMarkets