Is The Stock Market Going To Crash - Gold Prices Up | Penny Stock Investor | Summary and Q&A

TL;DR

Ricky discusses stock market trading strategies on a red day and announces efforts to support victims of Hurricane Harvey.

Key Insights

• 😪 Ricky emphasizes the importance of not forcing trades on red days and instead being patient and letting the charts guide decision-making.
• 🇰🇵 He highlights the potential profitability in gold-based ETFs during uncertain times, such as with the North Korea missile crisis.
• 📢 Ricky announces efforts to support members affected by Hurricane Harvey through donations and emphasizes the importance of community support.
• 🫵 He encourages viewers to cut losses early, perform technical analysis, and be picky when choosing stocks to invest in.
• 🥳 Ricky mentions the potential for profitable green days after a series of red days and suggests analyzing stocks to see if they can make up the losses.
• 😪 He emphasizes the need to focus on individual stocks that show upward momentum, even on red days in the overall market.
• 😚 Ricky discusses his investment property and upcoming video about the process of closing on an investment property at a young age. He highlights the affordability of properties in areas like Arizona.

Transcript

what's going on traders it's Rick you've attacked by solutions thank you guys aha I just got a cramp thank you guys again for joining us for another live stream my name is Ricky I have a group it's sackbut solutions we have a little bit over forty one thousand five hundred members worldwide and the thing that we do best is we provided for him simpl... Read More

Questions & Answers

Q: How should investors approach trading on a red day in the market?

Ricky advises not to force trades and to be patient, letting the charts guide decision-making. He suggests setting alerts and using the time to learn and develop as a trader.

Q: What are some stocks that Ricky is currently monitoring?

Ricky mentions AMD, SQ, M, and other popular stocks on his watchlist. However, due to the red day, he focuses more on gold-based ETFs and their potential for profit.

Q: Is the market going to crash?

Ricky assures viewers that experiencing a few red days does not mean the market will crash. Day traders like himself do not hold real swing trade stocks overnight, so any temporary downturns should not be a major concern.

Q: How can viewers join the voice channels and get involved in the community?

Ricky explains that viewers need to join the Discord app and navigate to the Kettle and Live Chat channel to participate in voice discussions. He also mentions joining the Facebook group and using the group chat through Discord for communication.

Summary & Key Takeaways

• Ricky introduces himself as the creator of Sackbut Solutions, a group with over 41,500 members that provides a platform for new and experienced traders.

• He mentions the current red day in the market and advises not to force trades but instead to be patient and let the charts do the talking.

• Ricky talks about several gold-based ETFs that are performing well and highlights the importance of understanding stock trends before investing.

• He also discusses efforts to assist members affected by Hurricane Harvey by setting up a donation platform and donating profits.