$775 Profit Day Trading On A FRIDAY AUGUST 2018 | Ricky Gutierrez

TL;DR

Ricky shares his day trading experience, including his strategy, trade on ticker symbol Jane, and lessons learned from market volatility.

Transcript

hey what's going on guys it's Ricky with Lauren plant Richie what type of solution took two guys are all happen amazing day let me actually turn this around just so you guys can see my screen this thing's actually I think it might start getting rejected yeah looks like we pushed under here we go this is pretty much what I've been shooting all day w... Read More

Key Insights

• 🥳 Ricky's day trading strategy focuses on identifying oversold conditions and trading between Bollinger Bands.
• ™️ Market volatility has made Ricky more cautious with swing trades, prioritizing comfort and not forcing trades.
• 😫 Ricky encourages self-improvement through paper trading and setting realistic goals.
• 😷 He highlights the value of his Learn Plan Profit group, where members can watch him trade live and ask questions.
• ™️ Ricky does not trade binary options, cryptocurrency, or futures.
• ™️ He emphasizes the importance of quality trades over quantity.

Questions & Answers

Q: What factors led Ricky to see value in trading ticker symbol Jane?

Ricky saw Jane as oversold and trading above the SMA indicator after a aggressive sell-off, which often leads to a recovery that can be capitalized on for day trades.

Q: How has market volatility affected Ricky's trading approach?

Ricky has been cautious with swing trades due to aggressive sell-offs in major companies like Facebook and Shopify. He believes it's important to only take positions he's comfortable with and to not force entries or exits.

Q: How does Ricky determine his trade entry and exit points?

Ricky focuses on patterns and looks for stocks trading between the middle and top Bollinger Bands. He shares his entries and exits live with his Learn Plan Profit group, explaining his thought process behind each trade.

Q: How long did it take Ricky to become a profitable trader?

Ricky emphasizes the importance of patience and self-improvement. He suggests starting with paper trading and setting realistic goals before moving on to live trading.

Summary & Key Takeaways

• Ricky closes out his position on ticker symbol Jane with a profit of $809.91 for the day.

• He explains his daily profit goal of $500 to $750, aiming for 2 to 3 percent growth.

• Ricky attributes his success on Jane to identifying oversold conditions and trading between the middle and top Bollinger Bands.