Day 41 Trading with Ricky

Physical State: approx. 6 hours of sleep. Caffeinated, and felt more mentally alert.

Symbol: IBIO

Type: LONG

Outcome: WIN

Market Hours: EXT

News (at that moment): YES; iBio and AstralBio Announce Transformative AI drug discovery Collaboration to Rapidly Develop Novel Antibodies for Obesity and Cardiometabolic Diseases

Stuck to Rules: Not really; I recently tested Ricky’s new yellow arrow indicator, ensuring that volume flow was present, as it forms the cornerstone of my trading strategy.
Review: The company operates in AI and biotech sectors and had released positive news, leading to a significant increase in stock activity. This news garnered attention, causing a spike in volume and appearing on pre-market risers around 0700 EST. This emphasizes the importance of being punctual in trading. Volume flow remained strong, with Ricky’s new yellow arrow indicator and the "my blessing indicator" both signaling upward trends on his live stream. Taking all these factors into account, I decided to enter a position.

Despite encountering a few long wick candles, which would typically prompt an early sell-off, I maintained my position, closely monitoring the "Dominator Master," "my blessing indicator," and volume flow, all of which continued to show positive signs. I eventually exited the position during the first pullback, albeit not at an optimal point, selling towards the bottom half of a long wick candle. However, I stand by this decision, as past experiences have shown instances where stocks plummet on large red candles like the one observed. Also, there was a recent "long wick on top candle" which indicates large selling pressure or a good resistance level. Knowing this I knew that price usually has challenge in that zone so I like to take profits in case the stock gets aggressively rejected.

Lesson Learned: Ricky’s new indicators are looking promising….but nothing beats volume flow. Maybe my rules don’t have to be strict to the pullback strategy when these new indicators come out from Ricky that read volume flow really well.