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

TL;DR

Ricky made $830.90 by trading an ETF around a recurring horizontal pattern, buying before the market closed and exiting near the conservative $23 resistance level. He relied on a 20-day, one-hour chart, avoided another trade when the risk of loss outweighed the profit potential, and chose patience over holding through the weekend. Read on for his entry, exit, risk, and weekly-goal logic.

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

• "what I like to focus on are ETFs and I like to focus on horizontal patterns and identify the low points and the high points" (1:49)
• "the low points are normally $21 that's normally where it bounces" (2:12)
• "based on previous patterns we could see a peak formation right around 23 to 23 50" (2:19)
• "the risk is so much greater for loss right then for profit" (3:58)
• "I would rather be patient wait for the confirmation and take part of this reversal here and capitalize on that 7 to 8 percent margin" (4:28)

Questions & Answers

Q: How did Ricky make $830.90 investing in stocks?

Ricky focused on an ETF with a horizontal pattern and used its previous low and high points to guide his trade. He bought before the market closed, held as it moved upward, and exited at $22.79 near the conservative $23 resistance level, producing $830.90 in profit.

Q: What trading pattern did Ricky use?

He used a horizontal pattern visible on a 20-day, one-hour chart. He identified recurring low points around $21 and peaks around $23 to $23.50, treating $23 as the more conservative resistance level.

Q: Why did Ricky sell near $23?

Previous price patterns showed peak formations around $23 to $23.50, with the latest peak near $23. Ricky therefore viewed $23 as a conservative resistance level and sold as the price approached it.

Q: When did Ricky enter the one-day swing trade?

He said he entered before the market closed on the previous day. After correcting himself, he gave the purchase price as $22.16.

Q: What were Ricky's exits and second entry?

Ricky said he first sold at $22.40, if he remembered correctly. After a pullback, he entered a second position at $22.50 and later exited at $22.79.

Q: Why did Ricky stop trading the ETF after taking profit?

He considered it more overbought than oversold and therefore not a good deal. Although some additional margin remained, he believed the risk of loss was much greater than the profit potential.

Q: Why did Ricky avoid holding a position over the weekend?

He believed UGAZ still had more room to sell off and DGAZ had more room to rise, but he did not want to accept the risk. He preferred to wait for confirmation of a reversal and pursue the stated 7 to 8 percent margin without holding over the weekend.

Q: What was Ricky's weekly profit goal?

His weekly goal was $2,500 in profit, and he said he was a little below it. He estimated that he had about $280 or $220 left to reach the goal, while noting that he had made a little over $4,000 the previous week.

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.