$537 Profit In 1 HR | Day Trading Penny Stocks: How To Trade: $TOPS, $ETRM, $JNUG | Episode 57

TL;DR

Techb Solutions had a successful trading day, with members making significant profits on stocks such as Tops, ETRM, and JNUG.

Transcript

[Applause] what's going on Traders it's Ricky with tech solution so just another recap on today's trading I want to give a shout out to again all the members that participate in today's trades we had one of our big biggest what's going on Traders it's Ricky with tech solution so just another recap on today's trading I want to give a shout out to ag... Read More

Key Insights

• 👻 Techb Solutions focuses on teamwork, sharing best practices and mistakes, which allows members to learn and take advantage of trading opportunities.
• 😫 Identifying support and resistance levels and setting up a plan helps in managing risk and locking in profits.
• 👶 Previous supports can become new resistance levels, and previous resistances can become new support levels.
• 🥳 Techb Solutions had a successful trading day with multiple profitable trades.
• 🤲 The group emphasizes the importance of managing risk and not getting greedy.
• 💄 The EMA indicator and knowledge of stock trends help in making informed trading decisions.
• 🎮 Techb Solutions has over 6,000 subscribers on their YouTube channel, where they provide daily recaps and helpful videos on investing and penny stocks.

Questions & Answers

Q: What was the biggest trade of the day for Techb Solutions?

The biggest trade of the day was on Tops stock, which brought in $270 worth of profit within the first 5 minutes of trading.

Q: How does Techb Solutions differ from other trading platforms?

Techb Solutions separates itself by being a team that aims to help one another. They focus on sharing best practices and mistakes, allowing members to learn and grow together.

Q: How did Techb Solutions identify support and resistance levels on Tops stock?

They identified a strong support at $110 on Tops stock, which means the stock didn't go below $110 and held well. They also identified a previous resistance at $120, where they planned to sell to lock in profits.

Q: What stocks did Techb Solutions trade besides Tops?

They also traded ETRM and JNUG. ETRM had a good entry point at $5.40 and was sold at a previous resistance of $5.90, resulting in a profit of $277. JNUG was bought at $6.60 and the plan was to sell around $7.36.

Summary & Key Takeaways

• Techb Solutions had a successful trading day, with one of the biggest momentum trades being on Tops stock.

• The group focuses on sharing best practices and mistakes, allowing members to learn and expose themselves to opportunities.

• The success of the group is attributed to members being able to identify and set up plans, managing risk, and locking in profits.