The Stocks To Watch This Week | Sunday Stock Talk | Summary and Q&A

TL;DR

Ricky from Tacit Solution provides analysis and breakdown of various stocks in the stock market, emphasizing the need for individual research and decision-making.

Key Insights

• 👨‍🔬 Ricky advises against blindly following other people's opinions and emphasizes the need for individual research.
• 🌱 He emphasizes the need to manage risk and have a clear plan when trading stocks.
• 🧑‍🏭 Ricky highlights the importance of considering factors such as volume, support and resistance levels, MACD, RSI, and previous patterns when evaluating stocks.
• 📢 He warns against trading during earnings announcements due to increased volatility.
• 👥 Ricky recommends joining the Tacit Solution Facebook group for more interaction and stock discussions.
• 🎮 He shares his personal analysis and breakdown of various stocks during the video.
• ✋ Ricky suggests using alerts and stop-loss orders to manage risk in trades.

Transcript

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Questions & Answers

Q: Should I trade based on other people's opinions?

Ricky advises against trading solely based on other people's opinions, as it is important to conduct individual research and make informed decisions.

Q: What factors should I consider when evaluating a stock?

When evaluating a stock, it is important to consider factors such as volume, resistance levels, support levels, MACD, RSI, and previous patterns. These factors can help determine potential opportunities or risks.

Q: Should I hold stocks during earnings announcements?

Ricky personally avoids holding stocks during earnings announcements because they can lead to increased volatility and unexpected price movements. It is important to weigh the risks and benefits before making a decision.

Q: How should I manage my risk when trading stocks?

Ricky suggests setting alerts and stop-loss orders to manage risk. It is important to have a plan for where to enter, exit, and cut losses in a trade.

Summary & Key Takeaways

• Ricky from Tacit Solution runs a YouTube channel and Facebook group dedicated to day trading in the stock market.

• He encourages viewers to join the Facebook group for more interaction and stock discussions.

• Ricky advises against blindly trading based on other people's opinions and emphasizes the importance of individual research.