Best Stocks To Watch On Money Monday's | July 2018

TL;DR

Ricky discusses his stock trading strategies and the importance of patience and confirmation before making trades.

Transcript

test test test one two three ten years here okay what's going on guys it's Richard type of solutions um for those that aren't familiar with who this name my name is Ricky we have one of the fastest growing private trading communities out there for those I've ever want to invest in the stock market that's the third link down below we have over 110 t... Read More

Key Insights

• 💄 Ricky emphasizes the importance of patience and confirmation before making trades.
• ™️ He believes in focusing on quality trades rather than overtrading.
• 🫢 Ricky discusses the potential for natural gas trends to change and impact related stocks.
• ❓ He advises against blindly following his opinions and encourages individual due diligence.
• 💗 Ricky highlights the benefits of paper trading and proving to oneself that they can consistently grow their account.
• ❓ He promotes the structure and mentorship provided in his Learn Plan Profit course.
• 💄 Ricky suggests waiting for confirmation and understanding patterns before making investment decisions.

Questions & Answers

Q: What are Ricky's three rules for investing?

Ricky's three rules are to not invest based on others' opinions, to understand what you invest in, and to always have a plan when investing.

Q: Why is Ricky down in his current position on WT I?

Ricky is down in his position on WT I because the stock is selling off and facing resistance at $7. However, he believes there is potential for a rebound based on historical patterns.

Q: Why does Ricky wait for confirmation before making trades?

Ricky waits for confirmation because he wants to ensure that a stock is actively trending upwards before investing. He values patience and avoiding overtrading.

Q: How does Ricky approach swing trades?

Ricky focuses on quality trades and sets specific criteria for his swing trades, including a minimum 3% margin and a goal of 5% weekly growth.

Summary & Key Takeaways

• Ricky runs a fast-growing private trading community for investors in the stock market.

• He emphasizes the importance of not investing based on other people's opinions, understanding what you invest in, and having a plan.

• Ricky discusses his recent trading positions, including a successful scalp trade and a currently unfavorable position in WT I.