Day 28 Trading with Ricky

Day 28

This morning brought some intriguing twists. Initially, my venture into MEDS (ticker symbol) fell short. However, Ricky's indicators painted a different picture, signaling a buy (green bar on dominator, short over long EMA, HMA green, and positive volume flow). Despite enduring a 6% loss, I remained observant as multiple indicators suggested a buying opportunity. A subsequent green candle prompted me to reconsider, leading to a beneficial pullback. I've learned the importance of tracking a stock when its price aligns with Ricky's indicators, as depicted in the image. This enables me to gauge if a pullback might occur after a delay of a candle or two (or in this instance, three). Additionally, I experimented with scaling out of a position, hence the three sell markers on my graph. This strategy allows me to maintain some investment while securing gains, swiftly exiting when growth prospects diminish to prevent losses.