How To Make $600 Profit Day Trading | Investing 101

TL;DR

In this video, the speaker shares their live trading experience and discusses their profits of $530 on the GUSH stock.

Transcript

what's going on yes it's tricky to talk about solutions hope you guys are all having an amazing day so as you guys could see on my P&L on the day guys I was down all the way to 380 as I'm setting up this life gym I just wanted to you guys always tell me to show you guys me trading live and stuff like that so for all those are part of learned plan p... Read More

Key Insights

• 🥡 Consistency and taking profits at resistance levels are essential for successful trading.
• 💄 Understanding and observing patterns in stock movements can help in making informed trading decisions.
• 🌸 Waiting for confirmation and avoiding trades when stocks are overbought can help prevent potential losses.

Questions & Answers

Q: Why did the speaker sell the GUSH stock at $22 when it continued to rise?

The speaker explains that they wanted to avoid a potential sell-off and didn't want to miss out on profits. They admit it was a mistake in hindsight.

Q: How does the speaker determine resistance levels for trading stocks?

The speaker uses indicators such as the EMA and SMA lines to identify resistance levels. They observe patterns and previous price movements to make their trading decisions.

Q: Is it too late to enter the Tesla stock for an intra-day trade?

The speaker believes it may be too late to enter Tesla for an intra-day trade due to the stock being overbought. They recommend waiting for a pullback and confirmation before considering a trade.

Q: How does the speaker suggest dealing with Robinhood restrictions on day trades?

The speaker advises contacting Robinhood directly to address any restrictions and understand why day trades are being counted. They provide Robinhood's customer service number for assistance.

Summary & Key Takeaways

• The speaker sold the GUSH stock at $22, missing out on potential profits as it continued to rise.

• They explain their strategy of staying consistent and green by taking profits when they see resistance levels.

• The speaker provides updates on other stocks, including Tesla, and gives insights into their trading patterns.