The Top 2 Stocks I'm Buying This Week | January 2018

TL;DR

Technical stock analysis focusing on potential profits and trade strategies for various ETFs.

Transcript

what's going on guys it's Ricky with technical solutions hope that you guys are all having an amazing day I'm gonna start minimizing my screen so you guys can see exactly what it is that I'm looking at there's about seven seconds until the market opens let me go in and kind of get this started boom oh there I go all right a little bit smaller all r... Read More

Key Insights

• 🔨 Utilizing technical analysis tools like VWAP indicator assists in identifying trading patterns.
• 😫 Setting conservative trade strategies with profit coverage and stop losses minimizes risks.
• 💐 ETFs like DUSC and DSLV showcase potential for profitable trading opportunities.
• 😑 Monitoring pre-market hours and early market indicators guides trading decisions.
• 🎚️ Resistance levels and support patterns help forecast potential profit gains in trading.
• 🦻 Understanding market volatility and trend reversals aids in avoiding losses in trading.
• ⚾ Importance of contract adjustments and trade strategies based on market conditions.

Questions & Answers

Q: What are the key indicators for potential profits in trading ETFs?

Key indicators include bottom VWAP indicator, resistance levels, and overall uptrend patterns for potential profits in trading ETFs like DUSC and DSLV.

Q: Why is it important to cover profits in trading and set stop losses?

Covering profits and setting stop losses help avoid losing hard-earned gains and allow for conservative trading strategies amidst market volatility.

Q: How do pre-market hours influence trading decisions?

Pre-market hours can indicate trading patterns and potential price movements, guiding trading decisions for the day ahead based on early indicators.

Q: What are the potential profit percentages for ETFs like DUSC and DSLV?

ETFs like DUSC offer around 65% potential profit, while DSLV provides approximately 8.75% potential profit, making them attractive options for traders.

Summary & Key Takeaways

• Technical analysis of trading patterns for various ETFs like DUSC and DSLV.

• Highlighting potential profits and trade strategies for conservative and day traders.

• Emphasizing the importance of covering profits and setting stop losses in trading.