Live Trading | How To Find The Best Penny Stocks | Summary and Q&A

7.0K views
June 20, 2017
by
Ricky Gutierrez
YouTube video player
Live Trading | How To Find The Best Penny Stocks

TL;DR

In this live stream, the trader discusses his trading strategy and analyzes stocks like JNUG, RIG, NEOS, and LPCN.

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Key Insights

  • 🌱 The trader emphasizes the importance of managing risk and having a clear entry and exit plan for every trade.
  • 💋 He encourages traders to stick to what they understand and to never trade based on anyone else's opinion.
  • 👋 The trader discusses the importance of sharing best practices and mistakes within a trading community.
  • 💨 He reminds viewers that success is personal and can be defined in different ways, urging them to identify their own definition of success and create a plan to achieve it.

Questions & Answers

Q: What is the trader's strategy for JNUG?

The trader's strategy for JNUG is to buy at support levels, such as $17.21, and sell at resistance levels, such as $18. He also sets a stop loss at $17 to manage risk.

Q: Why did the trader not lock in profits during aftermarket hours?

The trader chose not to lock in profits during aftermarket hours because he believed there was potential for JNUG to reach $18 based on its recent trends. However, he acknowledges that it is important to manage risk and have a stop loss in place.

Q: What is the trader's opinion on NEOS stock?

The trader is not familiar with NEOS but adds it to his watchlist. He mentions that he will perform technical analysis and research before making any trading decisions on NEOS.

Q: How does the trader define success?

The trader believes that success is subjective and can be defined in various ways. He shares that success for him is being able to spend time with loved ones and enjoying personal experiences, rather than material possessions.

Summary & Key Takeaways

  • The trader recaps previous trades on stocks like Snapchat and ECYT, discussing missed profit opportunities.

  • He discusses his analysis of JNUG and explains his entry and exit points based on support and resistance levels.

  • The trader mentions other stocks he is watching, including RIG, LPCN, and NEOS, and shares his thoughts on potential trades.

  • He addresses questions and comments from viewers about specific stocks and trading strategies.

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