learn plan profit

Ricky Gutierrez’s Learn Plan Profit Course Review – Stock Trading Course

Sharon Tseung Design Your Life 4 Comments

A while back, I came across this random video about a kid making $11,000 a day versus someone making $60/day. The kid, Ricky Gutierrez, uses stock trading to make tons of money. I decided to visit Ricky’s YouTube channel and saw he has over 300,000 subscribers teaching people how to read stock charts and things like that.

Through further investigation, I found Ricky’s “Learn Plan Profit” course. After a bit more thought, I decided to purchase it to learn the ins and outs of day trading and swing trading. I had checked out reviews for proof that it works, and I figured if a 23-year old could make $11,000 a day through trading, I should be able to achieve similar feats. I also decided that even if I didn’t end up day trading every day, I could learn the strategies and gain new knowledge regardless. I have been enthusiastic about learning these days and have created a goal for 2018 to be a year of learning and mastery. So any new knowledge around personal finance and other areas I care about is a good investment for me.

Resources for stock investing:

Ricky Gutierrez’s Learn Plan Profit Course Review

I actually completed the 7 hours worth of course material a few months back, and I was quite happy with what I took away from it all. My past knowledge of stocks wasn’t much though. When I graduated college, I did play with the stock market while at my first full-time job. I managed to make $3k from just Google searching stocks and buying when there were articles released about an upgraded buy rating on certain picks. Somehow that strategy worked on a small scale, without me having any knowledge of the stock market. Currently, I invest in a few index funds my mom recommended and I have a few tech stocks that are supposedly good long term plays. I also purchased a bunch of cryptos just to make sure I’m diversifying a bit. Obviously I didn’t have that much knowledge in the stock market!

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Things You’ll Learn

The 7 hours of video in Learn Plan Profit were worth the price as I familiarized myself with a lot of foundational concepts as well as specific techniques that Ricky implements for his trades.

Ricky uses TD Ameritrade Thinkorswim and gives away his settings he uses for the charts he views within the software. I learned how to read charts to discover which stocks are the best ideas and when is the right time to buy. Mainly, he uses the VWAP, EMA, and SMA lines and the MACD and RSI indicators to understand the best stock picks and if they’re a good time to buy in. Even though these are known charts, it is especially helpful to get the settings he reveals to format these charts.

You also learn a lot about concepts of support and resistance, the difference between swing trading and day trading, bull flag and bear flag patterns, the psychology of momentum, the mentality behind how to purchase stocks, and more. Of course I’m only scratching the surface, so you will want to check out his external landing page to see a comprehensive summary of what you will learn from the course.

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I also like that Ricky is quite risk averse like me, and he’ll advocate sticking to very safe rules when it comes to day trading. It matches my style so that I don’t ever have to feel like I’m investing a whole lot outside my comfort zone.

With Learn Plan Profit, I had the goal of merely understanding what people talk about when they discuss the stock market, and I’ve definitely succeeded in that aspect. I’m quite the beginner, to be honest. So ultimately, if you already have a lot of knowledge in the stock market, you’ll want to do further investigating to see just how much you will learn on top of what you’ll already know.

The Discord Group

One of the most valuable parts of Learn Plan Profit is the ability to login their Discord channel (which is kind of like Slack), to be able to group chat and receive Ricky’s announcements. Ricky’s dedication to the group is impressive and invaluable. The fact that he will go on the channel and livestream his trades as well as answer questions is amazing.

Here is a break down of how Ricky organizes the Discord sections he moderates:

Announcements Channel:

  • Where Ricky posts group updates

Question & Answers Channel:

  • (Monday-Friday) Q&A Sessions- YouTube Livestream Posted in the #announcement channel
  • Daily Q&A (30mins) @ Market Open
  • 6:30AM PST

Trade Ideas:

  • Where Ricky posts his trade ideas & weekly watchlist

There are a few other channels that people can type their own thoughts and questions under, but the ones listed above are where Ricky puts out his announcements. I normally scan the Discord chat and start growing my watchlist based on what everyone says.

My Final Thoughts

Honestly the biggest reasons I bought this course were twofold: 1. I merely wanted to gain more knowledge in the stock market and perhaps the ins and outs of day trading, and 2. I was afraid Ricky would charge a recurring monthly fee to be a part of his Discord channel in the future. I have no idea why Ricky doesn’t charge a monthly fee for his Discord group as he’s actively running it and maintaining it. This part of his business is super active and not passive, which means he could totally charge monthly fees for it. At the same time, I understand his active maintenance and participation in the group not only keeps the course sticky and makes people advocate it, it also can be new material/content for his YouTube channel and probably Instagram or other social media means. I’m sure he incorporates all his material one way or another.

Have I Tried Trading Yet?

I did day trade for a period of time. I’m only up a small amount so far using Ricky’s methods – and my predictions so far were actually correct based on how the charts worked. The issue was all my funds were tied up and I ended up being unable to sell some of my positions cause I had bought too many stocks to day trade. This made me stop for a while. Now that I’ve sold a few more positions in my longer term stock investments, I’m going to try getting back into day trading. I find stocks mainly move the most around 6-8 AM, so this would require me to wake up extremely early to participate. I’m going to need to find time to do this, but overall I’ve already found that the learnings from the course seem to be, for the most part, correct.

I found I learned a lot from the course, and now I feel I have all the materials to be successful when it comes to day trading and swing trading. I’d also like to mention that the Discord group chat always gives me really good ideas for stocks to look out for and what people are saying about it. This all helps for building your watchlist and getting advice on how people are reading their charts, which in turn shows you if you’re on the right track or not.

Would I Buy this Course?

I definitely think Learn Plan Profit is worth the $299 price as I think this course is the best bang for your buck. It seems a bit steep, but the value is pretty great. You’ll receive a lot of knowledge especially if you’re a new trader, and you’ll get all the tools you need to start day trading and swing trading. I see courses like these going for thousands of dollars. And even in those courses you’re not going to get that online access to real-time group chats with dedicated traders including Ricky himself. All of Learn Plan Profit’s content and community is accessible for life after that one-time purchase. In my opinion, I would get in just in case Ricky creates a recurring fee on that Discord chat.

So if you decide this course is for you, please consider using my link here to purchase it (I would receive a cut at no cost to you). And if you end up doing it, thank you so much for supporting the site! I’m always trying to provide valuable content on DigitalNomadQuest.

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Please feel free to comment below with your feedback on the course!

 

About the Author

Sharon Tseung

Hi, I’m Sharon Tseung! I’m the owner of DigitalNomadQuest. I quit my job in 2016, traveled the world for 2 years, came back to the Bay Area, and ended up saving more money and building over 10 passive income streams on my digital nomad journey. I want to show you how you can do the same! Through this blog, learn how to build passive income and create financial and location independence.

Comments 4

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  1. It is 2020 and these unprecedented times brings time for me to pick up a new skill. I’ve been wanting to learn this and now is the time to do it. Thank you for your awesome review!

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