So why did the stock market pull on back today? What's going on team, it's ricky with tackle solutions, i wanted to wait for the overall market to close before i made this video one of the first things that i want to share with you. Guys is the fundamental reason as why the market is pulling on back. Is we're entering earnings season a lot of big tax stocks such as tesla, as of yesterday reported earnings, and although it went up during aftermarket hours, you guys could see this with tesla, although it went up during aftermarket hours. It doesn't surprise me that it quickly pulled on back.

I was shorting tesla. I shared it with you guys yesterday in yesterday's video at 350 shares a little bit over if i'm not mistaken, 250 000 of a short position in tesla. I covered my shorts completely by the time that it hit lows of 636, so my exit wasn't perfect, but i definitely made money as tesla pulled on back, which i'm very grateful for now. Why is the overall market still pulling on back one of the things that i've shared so many times, especially with the learn plan? Profit group is these overall big markets such as s, p, 500, dow jones nasdaq, do get affected by big tech blue chip stocks? It was tesla yesterday and because it fell today, it dropped overall, dow jones and the nasdaq market, the s p 500, because it has an influence.

It's it's. It owns that large of a market cap that it influences other markets. I just want you to understand the reason why and the reason i want to share this with you is tesla is just one of few stocks this week that are reporting our needs. Today alone, we have apple alphabet which, if you don't know alphabet, that's google, microsoft, amd paypal, qualcomm, facebook and amazon.

Think about that. All of those tech giants are reporting earnings this week and it's scaring people because they're reporting earnings less than expected or worse than expected, not here to instill fear in you. I don't i don't care about what other people think the whole purpose of this video is. I want you to understand the reason why the market is moving either if it's moving down or moving up.

You have to understand that we're entering earnings season and these big tech stocks influence overall markets. So now that you know that what can we do to prepare? We've shared it so many times so many freaking times. What can you do to prepare? Does that mean that you have to sell everything? Does that mean that you have to get scared? No all it means is that you can take simple steps to prepare for pullbacks. Like we've said so many times, the only people that get upset the only people who cry during market pullbacks and the market pulls back.

All the time right pulls on back here pulls on back here pulls on back here, and you can see just based off of how people comment in the comments section. Those that cry when the market pulls on back are those that are simply not prepared because, let's be honest, people like you and i, if we have money left on the side, if we have money available, if we prepared for these pullbacks simply by having money available, We're able to buy the dip on whatever stock it is that we want. So if tesla pulls back, if apple pulls back. If you know alphabet pulls back, amazon pulls back great.

You know if you're going long on something and the markets pull back. That just gives you another opportunity to load up on it because you set money aside and ride the recovery right. You're, not you're, not scared, you're, not upset. You can tolerate those pullbacks and because you prepared you weren't, trying to predict the future you're just preparing for it.

By having money left on the side, you load it up. You wrote the recovery. Now you made even more money right just by being back at previous levels, and the market pulls back again, you load up again and you make even more money as it continues to ascend right. That's all! I'm ever here to encourage you to do.

I want you to understand why the market's moving up or down so if the market goes up, you can most likely guesstimate that yeah. These big tech stocks are probably reporting good earnings better than expected, but if the market pulls on back, i don't want you to be scared. I don't want you to be running around in circles, twiddling your thumbs questioning what's going on. I want you to understand why we're in earnings season? What else can you do to prepare? What do you think that i did today? I bought a little bit over 11 000 shares of ask qqq sqq went up during normal market hours, three percent and during after market hours it looks like it's gone up about a little bit under one percent, as qqq goes up when the overall nasdaq market goes Down this is not a stock, an etf for beginners.

This is a triple leveraged etf, that decays over time. I'm not like other people on youtube that encourage you to trade. What i'm trading right! This is a risky etf and it goes down more than it goes up and if you suck at risk management, if you suck at locking in profits, do not trade this. That simple, but today alone, was very good.

Eleven thousand shares and i'll double that i'd love to have over twenty thousand shares of sq once and if right once, and if the nasdaq market breaks below the ema line on the four-hour time frame and begins to make lower highs. If it begins to make lower highs and lower lows, i'm gon na buy more of sqq make money off of it, as that goes up, as this goes down and then guess what i'm going to do, i'm going to quickly lock in profits, and while everyone is Freaking out that didn't prepare as the nasdaq market pulls on back i'm going to buy tesla i'm going to buy american airlines. I'm going to buy twitter, i'm going to buy pinterest i'm going to buy a t, i'm going to buy apple, i'm going to buy google! I'm going to buy whatever blue chip stock i want to at those lower prices, because i did my part in preparing for the future, not predicting not hoping but preparing. If the market continues to go up, then great, so be it right.

I can manage my risk and that's the whole point of trading and simply taking advantage of opportunities that make sense to you. There is no question that the market has to hit all-time highs. It is healthy for markets to pull on back to breathe a little bit and the only people that freak out are those that are not prepared. Let me know in the comment section: if you are someone that is going to prepare, if you are prepared to buy the dip, if you're fully invested at these higher levels and or i was thinking about making a video this weekend about how to prepare for a Stock market crash with going down to the basics.

So if you guys would like to see that video just drop a thumbs up and also make sure you subscribe to the channel - and i should have that one for you on saturday by the evening. So again, i really do appreciate you guys time just wanted to update you guys on how today went - and it looks like sqq - is doing pretty well during the aftermarket hours and i'm very excited to follow up with you guys, both on the green days and on The red days i'm here to share both and i'm excited to follow up. I hope that i earned your thumbs up, please consider subscribing and if you guys want to join our live trading session as soon as tomorrow, at market open, i trade live every single day and if you want to join us, it's that second link in the description And i'll see you at market open until then, like always, let's make sure that we end the year on a green now. Take a digi team.