I JUST BOUGHT THESE 3 CHEAP STOCKS

TL;DR

Ricky shares the three stocks he recently purchased (Verizon, AAA, Lemonade) and reminds viewers about Tesla's upcoming earnings report.

Transcript

so what three stocks did i buy today what's going on team it's ricky with tech solutions i hope that you guys are all having an amazing day one of the first things that i want to share with you is just because i buy into these stocks do not make these the best stocks to buy right now i need to say this because a lot of people like to copy my trade ... Read More

Key Insights

• 🫵 Ricky cautions viewers not to blindly follow his trades and emphasizes the importance of individualized decision-making based on personal criteria and risk tolerance.
• 😫 He stresses the significance of being prepared for earnings reports and advises viewers to set alerts and follow up with stocks that are reporting earnings.
• 🧘 Ricky highlights the importance of managing position size to effectively control risk in the stock market.
• ™️ He discusses his purchases of Verizon, AAA, and Lemonade, providing insights into his reasoning and strategies for each trade.
• 🫵 Ricky reminds viewers not to focus only on potential returns but also to consider potential losses and to set alerts for good entry points.
• 🫵 He encourages viewers to learn from their mistakes and take advantage of opportunities that make sense to their own trading strategies.
• ❓ Ricky shares his excitement about following up with the stocks he purchased and upcoming earnings reports.

Questions & Answers

Q: How does Ricky approach buying stocks and managing his risk?

Ricky focuses on buying stocks at a good deal and closely watches his position size to manage risk. He emphasizes the importance of being able to cut losses if a stock no longer meets his criteria.

Q: Why did Ricky decide to buy Verizon Wireless shares?

Ricky purchased Verizon shares because the stock pulled back after reporting earnings. He saw it as an opportunity based on previous support levels and the potential for upside compared to downside.

Q: What is Ricky's approach to trading AAA?

Ricky plans to hold around 500-600 shares of AAA overnight and day trade with the remaining shares. He is taking advantage of the stock's pattern on the one-day, one-minute chart and aims to profit from potential reversals.

Q: Why did Ricky decide to buy Lemonade shares?

Lemonade aggressively sold off, presenting an opportunity for Ricky. He bought 40 shares and will consider buying more if the stock begins to indicate signs of an uptrend.

Summary & Key Takeaways

• Ricky cautions viewers not to blindly copy his stock purchases and reminds them that he makes mistakes too, but he shares his reasoning for buying these stocks.

• He emphasizes the importance of being prepared for Tesla's earnings report and suggests different actions to take based on individual risk tolerance.

• Ricky discusses his purchases of Verizon Wireless, AAA, and Lemonade, explaining the reasons behind each and how he plans to manage his positions.