How To Profit Consistently In 2018 | Investing For Beginners | Summary and Q&A

TL;DR

Learn about the top stocks traded in 2017 and the successful trading strategies used to achieve profits.

Key Insights

• ❓ Swing trading UGAZ successfully required understanding patterns and potential profits.
• 👋 Patience and discipline are important when waiting for quality positions and good deals in stock trading.
• 👀 XXII and XOM are stocks with potential uptrend patterns to watch.

Transcript

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Questions & Answers

Q: How did swing trading UGAZ contribute to the team's success in trading?

Swing trading UGAZ was successful because the team identified a pattern of reversal and understanding the potential profit margin. The stock showed signs of a reversal after being oversold and had a consistent upward trend.

Q: What factors should be considered before holding a stock with the potential for profit when it reaches a resistance level?

It is important to consider the percentage of profit already gained, the potential for loss, and the confirmation of a downtrend, such as breaking below the 180-day EMA. Risk assessment and waiting for confirmation are essential.

Q: Are there any stocks showing signs of an uptrend pattern?

XXII is a stock that has shown signs of an uptrend pattern with a double bottom at $2 and a current upward trend. XOM is another stock to watch, with potential profit margins from $15.20 to $18.

Q: What is the recommended approach for trading DGAZ, the inverse ETF of UGAZ?

It is advised to wait for confirmation of a reversal before investing in DGAZ. Look for signs of an uptrend pattern and avoid relying solely on oversold indicators.

Summary & Key Takeaways

• The video discusses the top stocks traded in 2017, with a focus on swing trading UGAZ and its profitability.

• The importance of understanding stock patterns and potential profits when making trading decisions is emphasized.

• The livestream also touches on other stocks to watch, such as XXII and XOM, and the potential for future profits.