Top 12 Stocks For October 2018

TL;DR

Ricky provides in-depth analysis of various stocks, focusing on their trends, indicators, and potential for profit.

Transcript

hey what's going on you guys it's Ricky we talk about solutions I hope that years are all having an amazing day it's 12 12 a.m. here in arizona market opens at 6:30 a.m. so we still have a couple hours but before I had to bet I actually wanted to talk about a couple stocks that I saw valiant and just wanted to break them down so not all of them are... Read More

Key Insights

• 👋 Ricky emphasizes the importance of understanding a stock's direction, validating patterns, and assessing if it offers a good deal before trading.
• 🙈 He advises against blind trading based on others' opinions and highlights the risk of investing in unfamiliar stocks.
• ❓ Ricky discusses the three stages of a reversal (rejection, consolidation, and confirmation) and their significance in identifying potential trading opportunities.
• 🏮 He encourages traders to focus on paper trading, surround themselves with motivated individuals, and continue learning and improving their trading strategies.
• 🎚️ Ricky shares his analysis on specific stocks, considering their trends, support/resistance levels, and indicators such as MACD and RSI.
• 💄 He acknowledges the potential risks associated with certain stocks and advises caution and patience before making trading decisions.
• 🛀 Ricky mentions the importance of profit-taking and locking in profits to ensure consistent trading success.
• 😨 He showcases his experience in buying and reselling cars as an example of success in different markets.

Questions & Answers

Q: How does Ricky identify a stock's direction and why is it important?

Ricky analyzes a stock's chart patterns, such as trends and moving averages, to determine if it is moving up, down, or sideways. Understanding a stock's direction is vital for deciding whether it is a good investment opportunity or not.

Q: What are the three stages of a reversal in stock trading?

The three stages of a reversal are rejection, consolidation, and confirmation. Rejection refers to the stock's initial decline or rejection of a certain level. Consolidation occurs when the stock trades within a range, potentially indicating a reversal. Confirmation happens when the stock breaks out of the consolidation range, confirming the reversal.

Q: How does Ricky determine if a stock is a good deal or not?

Ricky focuses on three factors: direction, validation, and a good deal. He assesses the stock's overall direction and confirms it through patterns and indicators. Then, he evaluates if the stock's current price offers a good deal based on its recent patterns and potential profit margins.

Q: What is the average up approach that Ricky mentions?

The average up approach involves starting with a smaller investment in a stock and gradually increasing the position as the stock's price rises. This strategy allows for potential profits while managing risk, as it confirms the stock's upward trend before committing more capital.

Summary & Key Takeaways

• Ricky discusses the stocks he is currently watching and analyzing, providing insights into their trends, patterns, and potential for profit.

• He emphasizes the importance of understanding a stock's direction, validating patterns, and determining if it offers a good deal before making a trade.

• Ricky advises against blindly following others' opinions and highlights the need for knowledge and risk assessment before trading.