TOP 3 ETF's That Pulled Back | Investing 101 | Summary and Q&A
TL;DR
In this livestream, Ricky and Justin discuss ETFs that have experienced pullbacks, patterns to look for when investing in ETFs, and provide updates on various stocks.
Key Insights
- 😥 Understanding patterns and resistance levels can help identify potential reversals and entry/exit points in ETFs.
- 🧑🏭 The SMA indicator can act as a support or resistance level for ETFs, providing valuable insights for trading decisions.
- 🥺 Quality trades and focusing on high probability setups can lead to consistent profits and help achieve weekly growth goals.
- ⏮️ Learning from previous patterns and using historical data can provide insights into future price movements in ETFs.
- 🤩 Monitoring stock movements and setting alerts at key price points can help traders make timely decisions and take advantage of opportunities.
- ❓ A quality trading community can provide motivation, support, and valuable insights for traders.
- 🔉 Following successful traders on social media and learning from their strategies can enhance trading knowledge and skills.
Transcript
let's go down you guys at Circular technical solutions hope you guys are all having an amazing day my name is Rikki and this is Justin Justin come on come on I know you have to come out of this livestream come on you never come out in the license if they come out over here alright so we just got a couple of things done we're jumping on some calls g... Read More
Questions & Answers
Q: How can understanding patterns help in choosing ETFs to invest in?
Understanding patterns in ETFs can provide insights on potential reversals, resistance levels, and trends, helping investors make informed decisions on when to enter or exit positions.
Q: What is the significance of the SMA indicator?
The SMA indicator is a simple moving average that can act as a support or resistance level for ETFs. Knowing where the SMA is can help determine potential bounce or breakout points.
Q: How can learning about patterns in one ETF help in analyzing others?
By studying patterns in one ETF, investors can apply similar strategies and insights to other ETFs that exhibit similar patterns or trends.
Q: What are the benefits of quality over quantity in trading?
Focusing on quality trades rather than quantity allows traders to maximize profits by taking positions in high probability setups. It also helps in minimizing risk and achieving weekly growth goals.
Summary & Key Takeaways
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Ricky and Justin talk about ETFs experiencing pullbacks and the importance of understanding patterns when investing in them.
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They discuss the potential reversal and resistance levels of natural gas ETF /ng, and the ascending uptrend pattern and resistance levels of GUSH and JDST ETFs.
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Ricky covers the reversal pattern of stocks like Twitter, Oracle, and Facebook, and provides insights on when to potentially cover profits and take positions.