I BROKE THE BLIND TRADING RULE | $544 PROFIT | Summary and Q&A

TL;DR

Ricky shares his experience trading natural gas and provides insights on patterns and trends in the stock market.

Key Insights

• 😑 Ricky's trading strategy focuses on identifying support and resistance levels during pre-market hours to make profitable trades.
• 📈 He emphasizes the importance of following patterns and trends in the stock market to increase the chances of success.
• 🤯 Ricky suggests being selective and not being driven by greed when trading, while also keeping long-term goals in mind.
• 🫢 He provides insights on the performance of various stocks, including natural gas and other related stocks.
• 🧑‍🎓 Ricky discusses the availability of a military and student discount for his trading group, Learn Plan Profit.
• 😨 He mentions the upcoming live Q&A session on investing in cars and invites viewers to participate.
• 🫵 Ricky encourages viewers to reach out to him via Discord or Facebook for more information on his trading group.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What trading platform does Ricky use?

Ricky uses the TD Ameritrade thinkorswim platform, but there are other platforms available for trading.

Q: How does Ricky determine which stocks to trade during pre-market hours?

Ricky looks for stocks that are actively trending up and identifies support and resistance levels to make informed trading decisions.

Q: How does Ricky decide when to buy and sell a stock?

Ricky buys stocks when they become overextended and sells when they pull back or reach resistance levels. He closely follows patterns and trends to make profitable trades.

Q: What is the significance of the SMA line and middle V wall in Ricky's trading strategy?

The SMA line and middle V wall act as support and resistance levels, respectively. Ricky uses these levels to determine potential entry and exit points for his trades.

Summary & Key Takeaways

• Ricky shares his screen and discusses his trades and analysis for the day, focusing on trading natural gas.

• He explains his strategy of identifying support and resistance levels during pre-market hours to make profitable trades.

• Ricky also mentions the performance of other stocks and the importance of being selective and focusing on long-term goals.