Making +$250 A Day Trading Penny Stocks: How To Trade: $NUGT, $DRYS, $CIE | Episode 40

TL;DR

The trader made more than $250 by planning entries and exits around support, resistance, volume, and risk in NUGT, DRYS, and CIE. The recap includes a $110 NUGT profit from buying at $9 and selling at $9.33, plus a $196 DRYS profit from $1.83 to $1.90. Read on for the trade setups, exit logic, and a costly stop-loss mistake that could have gone badly.

Transcript

[Applause] what's going on guys it's Ricky with techb Solutions so just another recap on today's trading I want to shut this video off by congratulating one of our members lupic Castillo he's one of our newer members and within one week he was able to show and see the growth of 20% within his accounts so you know usually on uh 401ks or just long-te... Read More

Key Insights

• 🍰 It is possible to achieve significant returns in a short period of time with successful trading.
• 🥹 Delisting notices can increase the risk associated with holding certain stocks.
• 😥 Identifying support and resistance levels, as well as using indicators, can help determine entry and exit points for trades.
• 🌸 Trading requires careful risk management and setting stop-loss orders to minimize potential losses.
• 👥 Joining a trading group or community can provide valuable insights and support.
• 😑 Pre-market analysis can help identify potential stocks to trade.
• 🎚️ Old support levels often act as new resistance levels.

Questions & Answers

Q: How did the trader make more than $250 trading NUGT, DRYS, and CIE in Episode 40?

The trader analyzed pre-market movers and selected NUGT, CIE, and DRYS. The disclosed profits included $110 on NUGT and $196 on DRYS, while the CIE trade was closed at 72 cents to avoid overnight delisting risk.

Q: How did the trader choose the NUGT entry and exit points?

He waited for NUGT to break above $9 because that level had become strong resistance after previously acting as support. He entered at $9 and sold at $9.33, locking in a $110 profit as the price approached resistance around $9.40.

Q: Why did the trader sell NUGT at $9.33 instead of holding longer?

He saw too much risk near the old support area that had become new resistance around $9.40. He also worried that a sharp volume fluctuation could cause a drop before his stop-loss order was filled.

Q: What did the trader say he could improve about the NUGT trade?

He said he probably should have used a trailing stop loss after NUGT moved higher. That could have left more room for profit while still providing a way to protect the gain.

Q: How were the DRYS entry and exit points determined?

The trader used previous price movements to identify support and resistance levels for DRYS. He entered at $1.83 and sold at $1.90, producing a $196 profit.

Q: Why did the trader sell CIE at 72 cents?

CIE frequently reached 72 cents but did not reach the 73-cent high often, so he treated 72 cents as a practical resistance-based exit. He also did not want to hold overnight because CIE was reportedly on track to be delisted and had a 30-day compliance period.

Q: What stop-loss mistake occurred during the CIE trade?

The trader thought he had set a stop loss at $0.699, but he later discovered that no stop-loss order had been placed. CIE fell to 68 cents before recovering, and he acknowledged that the mistake could have been very costly if the price had continued dropping.

Q: What trading method was used across these penny-stock trades?

The trader began with pre-market analysis and then used support, resistance, volume, and EMA indicators to guide decisions. He emphasized that old support can become new resistance and that stop-loss orders and profit-taking help control risk.

Summary & Key Takeaways

• The trader congratulates a member of their group who achieved a 20% return in one week, starting with $1,000.

• The trader analyzed pre-market movers and decided to trade nugt C and drys.

• The trader provides a detailed explanation of their thought process and trade execution for each stock.