Making +$200 A Day Trading Penny Stocks: How To Trade: $REXX & $LPCN | Episode 6

TL;DR

Ricky discusses his daily trading activities, strategies, and rules for success in penny stocks.

Transcript

what's going on traders this is Ricky we talk about solutions today the team and I traded Rex just like we did so yesterday just today it had a little bit more more movement so let me go ahead and refresh the screen and see if I can get a better you know analysis there for me there we go okay so this is pretty much what we're looking at yesterday d... Read More

Key Insights

• 😇 Rex had significant movement, breaking resistance at 50 cents.
• 🥹 It is important to have rules in place when trading penny stocks, including not holding them overnight and setting stop losses.
• 📈 Analyzing market trends can help identify potential profitable trades, such as with the stocks PC and GTE.

Questions & Answers

Q: What is the main stock discussed in the video?

The main stock discussed in the video is Rex, which had significant movement and broke the resistance at 50 cents.

Q: What are the three rules for trading penny stocks mentioned by Ricky?

The three rules for trading penny stocks are not holding them overnight, using a 10% profit margin, and setting stop losses.

Q: What were the successful trades mentioned with the stocks PC and GTE?

Ricky had a successful trade with PC, buying at around 328 and selling at 351 for a 6% gain. He also mentions the potential for a big gain with GTE due to market trends.

Q: What is Ricky's suggestion for day trading clothing for investors?

Ricky mentions the possibility of creating day trading clothes and asks for feedback on pricing and interest in such a product.

Summary & Key Takeaways

• Ricky provides an analysis of his recent trades, including the movement and resistance levels of the stock Rex. He sold at a profit of $2,500.

• He shares three simple rules for trading penny stocks: not holding them overnight, using a 10% profit margin, and setting stop losses.

• Ricky also mentions his successful trades with the stocks PC and GTE and discusses the importance of analyzing market trends.