Without further ado I'm going to introduce my first stock pick that I believe is a LOW risk HIGH reward play that I believe is going to add to our bank roll. That stock is Foot Locker. Ticker symbol FL.
Remember, the most important thing is risk management and I have defined my risk 47.06 stop which is shown on the daily chart. Now its up to you to define how much money you want to risk. Most people I have read don't recommend risking any more then two percent of capital on any one trade. An example of this would be if I had a one hundred thousand dollar account I would only be allowed to risk two thousand dollars (100,000 * .02 = 2000). So this gives you the freedom to use all your capital on any one trade but it only allows you to lose two percent of it. I hope that makes sense. If it doesn't feel free to comment below and I will help you out to the best of my ability.
Hopefully this gives you a little taste of what I'm all about. In newer posts I will be focused both on individual stocks and as the market as a whole. Generally, as of this writing, I am neutral to bullish on the market. In the future I will include charts of the market as a whole since its always easy to trade in the direction of the market. Its best to not fight the trend in certain instances.
Until next time,