Techbuds Team makes over $1,000 in profit trading $EGLE in 2hrs!!! Penny Stocks and How we did it!

TL;DR

Learn how to identify safety nets and resistance levels in penny stocks and execute trades with 10% profit potential.

Transcript

hey guys it's Rick you attack but solution so I just wanted to talk to you guys a little bit about the trade that we're doing today so this is just a technical analysis from today and kind of going and talking to you about what we're looking for what we were trading why we treated it so today the market opened for Eagle at 38 cents biked all the wa... Read More

Key Insights

• 💄 Technical analysis is crucial for identifying support and resistance levels in penny stocks before making trades.
• 🥅 The speaker has a specific profit goal of 10% for every trade they make.
• 🛩️ Trading penny stocks with a smaller account can still yield profitable results.
• 🔇 The speaker highlights the importance of risk management in trading.
• ™️ Profitable trading requires patience and waiting for opportune moments to enter and exit trades.
• 🎏 The speaker emphasizes the potential for multiple income streams, including real estate investments.
• 😤 Building a trading team can enhance profit-making opportunities.

Questions & Answers

Q: How did the speaker determine the safety net and resistance levels for trading Eagle stock?

The speaker visually identified the safety net at 44 cents in the stock's price movement. They observed the stock bouncing back from this level multiple times, indicating a support level. As for resistance levels, they did not elaborate on the specific method used.

Q: Why does the speaker only trade stocks with a 10% profit potential?

The speaker believes that a 10% profit margin provides a reasonable return for their trades. They prioritize risk management and aim for consistent, smaller profits rather than risking large sums of money for uncertain gains.

Q: How long did the speaker actively trade for and how much profit did they make?

The speaker actively traded for three hours and made a profit of $278. Their team, consisting of five people, collectively made over $1,000 trading Eagle stock.

Q: Can beginners join the speaker's group to learn about trading penny stocks?

Yes, beginners interested in trading penny stocks can join the speaker's group, Tech Month Solutions, for free on Facebook. The group offers basic trading education and discussions on various investment opportunities.

Summary & Key Takeaways

• The speaker analyzed the trading opportunities in Eagle stock, waiting for safety nets and resistance levels before entering trades.

• They set their limit order to buy at 44 cents and sold at 48 cents, locking in a 10% profit.

• With a team of four people, they collectively made over a thousand dollars in profit from trading Eagle stock.