The Top 10 Stocks I'm Watching This August 2018

TL;DR

• Ricky discusses stock market strategies, including identifying good deals and managing risk, while sharing insights on specific stocks and patterns.

Transcript

and what's going on guys it's right through a technical solutions hope that you guys are all having a great day so it is pretty late so I know that not everyone's gonna be able to tune in live I really do appreciate that those that are still up that are able to tune in live it's about midnight right now so 1209 a.m. all of people that are tuned in ... Read More

Key Insights

• 💄 Understanding stock patterns, indicators, and volume is crucial for making informed trading decisions.
• 🥺 Patience, learning from mistakes, and focusing on specific rules can lead to success in the stock market.
• 😫 Analyzing good deal ranges, managing risk, and setting alerts are essential for effective trading strategies.
• 🥅 Trading with realistic goals, optimizing for stability, and focusing on relatability can maintain a consistent and successful trading approach.

Questions & Answers

Q: What are Ricky's main rules for trading?

Ricky's main rules include never investing based on others' opinions, understanding what you're investing in, and having a clear plan for each trade to manage losses effectively.

Q: How does Ricky approach low and high volume stocks?

Ricky assesses each stock's pattern and volume to understand demand, volatility, and risk before deciding to invest in them, focusing on stability and relatability for his trading strategy.

Q: What insights does Ricky provide on specific stocks like JDST and Beat LCM?

Ricky analyzes these stocks for potential reversals, emphasizing entry and exit points based on patterns, volume, and indicators to guide traders in making informed decisions.

Q: What advice does Ricky offer for trading on the go?

Ricky shares strategies for trading on mobile devices, using apps like TD Ameritrade Thinkorswim for swing trades, setting up alerts, and managing risk while traveling or attending school.

Summary & Key Takeaways

• Ricky introduces his trading strategies, emphasizing learning from mistakes and being patient for good entries.

• He highlights specific stocks like JDST, Jenna, Beat LCM, DWT, and more, analyzing their patterns and potential reversals.

• Ricky provides insights on managing volume, evaluating stock purchases, and updating strategies for trading on the go.