The Top Stocks For January 2018 | Sunday Stock Talk | Summary and Q&A

TL;DR

Ricky discusses his top stock picks for the week, including YouGas, QRVO, and DRN, and shares his investment strategies for finding value in the stock market.

Key Insights

• 🫥 Ricky emphasizes the importance of setting alerts and monitoring EMA lines for confirmation of uptrend patterns.
• 🤘 He suggests focusing on stocks that are actively trending up and showing signs of potential profit margins.
• 👨‍🔬 Ricky advises conducting thorough research and due diligence before investing in any stock.
• 🛩️ He mentions the potential risks and rewards associated with investing in small stocks and cryptocurrencies.
• 😫 Ricky encourages individuals to set goals and develop a structured trading plan to achieve consistent profits in the stock market.
• 👥 He discusses the benefits of his Learn Plan Profit lesson library and private group for ongoing guidance and mentorship.

Transcript

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Questions & Answers

Q: What is the key strategy Ricky uses when choosing his top stock picks?

Ricky looks for stocks that are actively trending up and showing signs of an uptrend pattern. He sets alerts for breakouts and analyzes EMA lines for confirmation.

Q: How does Ricky determine potential profit margins?

Ricky looks at the difference between the entry point and the resistance level. He assesses the margin of potential profit, usually aiming for a 10-15% return.

Q: What is the significance of the EMA line?

The EMA line helps to identify trends and confirm uptrend patterns. Breaking above the EMA line can be a signal of a potential trend reversal.

Q: Why does Ricky recommend simulation trading before investing real money?

Simulation trading allows individuals to practice trading without risking real money. It helps to familiarize oneself with the market and trading strategies before investing.

Summary & Key Takeaways

• Ricky shares his top three stock picks for the week: YouGas, QRVO, and DRN.

• He explains his investment strategies, focusing on stocks that are actively trending up and showing signs of an uptrend pattern.

• Ricky highlights the importance of setting alerts, analyzing EMA lines, and understanding potential profit margins.