$2,000 Profit Day With 2 Stocks In May 2018

TL;DR

Ricky shares his live trading experience and discusses his $1,900 profit, as well as his mistake of not reaching the $2,000 mark.

Transcript

hey yo what's going on guys it's Rick you attack with solutions hope you guys are all having an amazing Thursday for those that don't understand my name is Ricky I have a little bit over a hundred and sixty nine thousand subscribers if I'm not mistaken so thank you guys again for all the support on that what I wanted to talk about today was my trad... Read More

Key Insights

• 🥺 Trading based on emotions and desired profit goals can lead to costly mistakes.
• 💰 Focusing on the overall pattern and strategy is more important than specific dollar values.
• 🤩 Time efficiency and opportunity cost are key factors in successful trading.
• ❓ Following a well-defined strategy and avoiding impulsive decisions is crucial for consistent profitability.
• 🫒 Ricky's community, Learn Plan Profit, provides live trading experiences and educational resources.
• 🛟 Ricky's mistake serves as a valuable lesson for traders to avoid being driven by emotions.
• 🥺 Consistency and discipline in following trading rules can lead to profitable results.

Questions & Answers

Q: How much profit did Ricky make from his trades?

Ricky made $1,600 from UGAZ and $275 from LAPD, resulting in an overall profit of $1,900.

Q: Why did Ricky sell his positions prematurely?

Ricky sold his positions based on signs of resistance and being conservative in his trading strategy. However, he missed out on potential profits due to a big push in the market.

Q: What can we learn from Ricky's mistake?

Ricky's mistake highlights the importance of not letting emotions and a desired profit goal cloud judgement. It is crucial to focus on the overall pattern and not get caught up in specific dollar values.

Q: What does Ricky emphasize in his trading approach?

Ricky emphasizes the importance of time efficiency, opportunity cost, and following a well-defined strategy. It is crucial to take positions when there are proper setups and step away when the conditions are not favorable.

Summary & Key Takeaways

• Ricky made $1,600 in profit from a two-day swing trade on UGAZ and $275 from a day trade on LAPD.

• He made a mistake by selling prematurely and missed out on a big push in the market.

• Ricky emphasizes the importance of not being driven by emotions and focusing on the overall pattern and strategy.