May 2018 Swing Trade Update | Stock Market Investing | Summary and Q&A

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May 3, 2018
by
Ricky Gutierrez
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May 2018 Swing Trade Update | Stock Market Investing

TL;DR

Ricky from Technical Solutions discusses the importance of focusing on quality trades, long-term growth, and consistent strategies in the stock market.

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Questions & Answers

Q: How does Ricky describe his trading approach and what sets him apart from other traders?

Ricky emphasizes that he is consistent and conservative in his trading approach, focusing on long-term growth rather than quick wins. He believes in avoiding pump and dump schemes and penny stocks, and instead focuses on quality trades.

Q: What advice does Ricky give to beginners who struggle with motivation and consistency in trading?

Ricky encourages beginners to surround themselves with a supportive community and accountability partners. He suggests joining free trading groups to find motivation and overcome struggles. He also emphasizes the importance of focusing on consistent growth rather than maximizing profits in the beginning.

Q: How does Ricky decide whether to hold a position overnight or sell for profit?

Ricky considers the pattern, potential profit, and confirmation of an uptrend before deciding to hold an overnight position. He advises traders to evaluate the risk and opportunity cost and make an informed decision based on individual trading goals.

Q: Does Ricky recommend any specific books on trading?

Ricky personally learned trading through online resources and self-teaching, so he does not recommend any specific books. He recommends utilizing YouTube and Google search to learn about trading, patterns, and strategies.

Summary & Key Takeaways

  • Ricky emphasizes the importance of surrounding yourself with like-minded individuals and promoting a positive community for stock market investors.

  • He shares his personal experience and success with consistent and conservative trading strategies focused on long-term growth.

  • Ricky discusses his current position in US LV and provides insights into the potential profit and the importance of waiting for confirmation in stock patterns.

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