How I Made 5.2% ($195 Profit) On A $DGAZ Swing Trade | Investing For Beginners

TL;DR

In this livestream, Rick discusses his swing trade strategy and shares updates on stocks like A DAGZ, AMD, JST, and DNR. He emphasizes the importance of simplicity and having a plan when investing.

Transcript

what's going on trainers it's Rick you attack with solutions thank you guys again for joining us for another livestream during free market hours so if you guys have never joined us I have a group it's active solutions it's a free Facebook group it's gonna be down in the description if you guys want to be a part of our community we're a little bit o... Read More

Key Insights

• 🌱 Rick emphasizes the importance of simplicity and having a clear plan when investing in stocks.
• 💄 He highlights the significance of understanding previous trends, support, and resistance levels for making informed investment decisions.
• ❓ Rick shares the potential of A DAGZ and advises caution with JST and DNR.

Questions & Answers

Q: What is Rick's swing trade strategy?

Rick's swing trade strategy involves identifying stocks with low risk and high potential rewards based on previous trends, support, and resistance levels. He aims to lock in profits consistently every day, typically aiming for 3-7%.

Q: Why did Rick invest in A DAGZ?

Rick saw potential in A DAGZ based on its previous trends and support levels. He bought it at $23 and held it over the weekend, and it is currently up 5%. He plans to sell at around $24-25, which was his ideal sell point.

Q: What are Rick's thoughts on JST and DNR?

Rick believes JST is still trending down and advises against holding onto it. On the other hand, DNR tried to bounce at $1 but is now at $1.10, with resistance at $1.15. He recommends setting alerts and watching for potential pullbacks.

Q: What is Rick's approach to AMD?

Rick observes that AMD usually bounces around $11.50-$12 and peaks around $13. He advises against buying at $13 or higher and suggests waiting for a bounce around $11 or $11.50 before considering investing.

Summary & Key Takeaways

• Rick shares his swing trade strategy and highlights the potential of A DAGZ, a stock he took a position in and is currently up 5% on.

• He provides insights into stocks like AMD, JST, and DNR, discussing their trends, support, and resistance levels.

• Rick recommends keeping investing simple, understanding previous trends, and having a clear plan for when to buy, sell, and cut losses.