How I Made $830 Profit In 45 Mins Investing In Stocks

TL;DR

Trader discusses their successful trades in the stock market, focusing on identifying patterns and making profitable decisions.

Transcript

what's going on guys it's with you the type of solutions hope that you guys are all having an amazing day and another live video like just we just like we do every single day for those that aren't familiar with who it is that I am my name is Ricky I have a little bit over 185 thousand subscribers I have a little bit over a hundred thousand members ... Read More

Key Insights

• 🚥 The trader focuses on identifying horizontal patterns and resistance levels in ETFs for profitable trades.
• 👋 They emphasize the importance of understanding the direction of investments and getting good deals.
• 👍 The trader shares their weekly profit goal and urges traders to prove their success before making a full-time transition.
• 🔒 The trader highlights the success of their private trading communities and the consistent growth they have achieved.
• ❓ They mention other investment opportunities, such as real estate, and encourage diversification.
• 😨 The trader shares their personal experience of selling cars and investing in various markets.
• 🤑 They advise aspiring traders to start with paper trading and simulation before investing real money.

Questions & Answers

Q: How did the trader determine their entry and exit points for their trades?

The trader identified horizontal patterns and resistance levels in the stock, such as the $21 and $23 marks. They waited for the stock to approach these levels and made their moves accordingly.

Q: Why did the trader decide not to continue trading UGAZ?

The trader deemed UGAZ to be overbought and not a good deal. They believed there was more potential for UGAZ to sell off and decided to wait for confirmation of a reversal before considering it as a buy opportunity.

Q: How did the trader calculate their weekly profit goal?

The trader has a weekly profit goal of $2,500. They calculate their progress towards this goal by subtracting their current profit from the remaining amount they need to reach their goal.

Q: What advice does the trader give for consistent trading success?

The trader suggests understanding the market and focusing on consistent growth. They recommend studying patterns, being patient, and avoiding aggressive trading. They also offer their private trading communities, where they provide guidance and support.

Summary & Key Takeaways

• The trader made a profit of $830.90 by focusing on horizontal patterns in ETFs.

• They identified the resistance levels and sold near the $23 mark for a one-day swing trade.

• The trader also mentions potential opportunities in other stocks and advises patience and understanding of the market.