What's going on team, it's ricky with tackle solutions. So how scary were you today right, uh and one of the things that i need you guys to know? Is you definitely were not alone uh. This video is, is not gon na be um. You know anything where it's gon na try to get you scared of the overall market, if anything, quite the opposite.

One of the things that i always like to ask and remind our learn: plan profit members to ask themselves are that you know: was the market selling off today or was the stock that you were invested in selling off today? You know if it's your specific stock and only the stock that you bought was selling off with when the entire market was bullish. You know that that would be one thing, but you're not alone right. The overall nasdaq market was down, tech was down. Just everything was down on the day so before you're super hard on yourself and before you think that the overall market is against you, you need to understand that you're, not alone with this.

The market was bearish. Today it sold off and it sold off quite a bit right. You guys could see that uh tqqqqq hit lows of 132. uh and right now it's at 142..

I wanted to update you guys uh, especially if you're part of the learn plan, prof group uh, just a quick little heads up, there's gon na be an exclusive swing trading. Video update for you guys today, uh, but very quickly. I re-entered with six shares uh and my average purchase price right now is at 140.05. So just so you are aware of that 1405 is my new average purchase price, and this is my entire trade plan, i'm only in with six shares, which is less than 10 of my desired position.

And if you look at this for tqq right, i haven't even stepped on the gas. I have less than one thousand dollars invested in in tqqq, but from where we're at right. Now, if tqqq goes according to plan and simply recovers to the 174 price point, that's 22 roi - and this is what like i want you to take into consideration like forget about my stock, forget about what i'm paying attention to that's irrelevant to you. I want to ask: i want you to ask yourself that very simple question of you know is the stock that you're now invested in.

I don't know you know. I hope that it's a light position right, because the whole point of this swing trading challenge is to manage that position size, especially when we're still getting rejected right. We wait for consolidation and then we wait for that confirmation and then that's when we step on the gas we talk about the risk to reward ratios right. This is all something you should have taken into consideration when you bought the dip.

So if you are asking yourself, if you are freaking out right now - oh my god should i even have purchased the stock. You need to remind yourself if you're asking yourself those questions. It means that you were freaking out when the stock was pulling on back, and it simply means probably that you're invested with too much money. It's it's not that it's a good thing or a bad thing.

It's that it comes with experience and rightfully so you're going to be. You know a little questionable when things are not going according to plan, so just hear this. This is why i always talk about position. Size people always love to ask ricky.

Well. Why do you only buy 10? You know why do you buy such a small amount in the beginning, and then you buy more when it begins to recover? I can't predict the future. You can't predict the future. No one can predict the future.

So why just like today, are you going to put yourself in a very unfortunate situation when the market's selling off and if you have a heavy position size all you're looking at, is that red number row right of how much it is that you're down? That's not that's not a fun thing to look at and it's not an enjoyable experience right, set your future self up for success right if you want to do things differently in 2022. This is why we emphasize position size. Yes, i do agree. You know.

Tqqq is oversold, apple is oversold, amazon is oversold. All of these stocks are oversold oversold and cheap does not mean that it can't get cheaper. Although the market you know, is showing signs of a potential support level right because of how oversold we are look at the macd look at the rsi, it's looking good, it doesn't mean that the market has to recover tomorrow. It doesn't mean that it has to recover.

Next week, so again, if you are not feeling comfortable nor effective right now, position, size is going to be a big focus for your next couple of trades. At least promise me that you're going to look out for yourself next time and not buy too much of any stock right. So please look out for your future self right, but the thing that i wanted to kind of, like some words of encouragement for you guys, is that one thing that i that i asked for our learn plan profit members to do today is we finished up our Live trading session and if you actually look at it, the live trading session happened within. I think one of the worst times of the market.

Today it was when the market was selling off and i felt okay, i felt comfortable because i only had you know um. Well, at that point i didn't have any shares, but i you know just because of that the market was selling off, but when i don't have enough skin in the game to care, i feel comfortable. If anything, i feel excited. How would you feel if you had no money in the market and all these stocks begin to pull back? Think about that? Take yourself away from your current situation and ask yourself: how would you feel if the market was selling off and you weren't invested just yet you would feel, probably you know pretty eager to buy soon and excited because you have a lot to choose from that's how I felt this morning, but again that was all because of my position size.

So if you felt like very devastated very discouraged, i don't want to do this anymore. I want you just like i asked our learn plan profit members to do today. Is i want you to write down exactly how you feel right now you might be feeling a little bit better now that the market has nearly almost fully recovered. Look at that the market's barely down one percent, but the market was down.

What's you know, five seven percent uh for tqq market was down quite a bit. I want you to write down how you feel at your worst, because i want you to remind yourself that when the market does recover because, like we've seen for the past year, markets always recover again, it's a matter of time, but they eventually do recover. This is why i always talk about focusing on bullish companies focusing on on bullish stocks, but i want you to write down how you feel now and then i want you to revisit this as the market recovers. It's not that, like.

Oh, my god, you were so foolish, but i just know you looking back seeing how you feel how you felt today versus how you feel when your trade goes according to plan, it's going to feel rewarding that you overcame those mental challenges and that's what i'm here To kind of like pat you in the back, for i want to congratulate you for going through this rough patch. Yes, it's not easy, but at least in my experience it is easier to go through these rough patches. When you manage your position size when you are not obsessive about what it is that you're doing and you are solely treating it as what it is and that's a trade you buy more when the direction's in your favor and then you sell at overbought levels. No emotions attached right.

It is so much easier when you follow and execute with your trade plan and, of course, it's obviously a lot easier surrounding yourself with people that again um you know, are encouraging and encouraging you to be the best best version of yourself um. So i at least for those you know for the selected few that are watching this video and that really felt uncomfortable with today's performance and how the market pulled back. I don't you know when, when you revisit a trade - and you know it made a full recovery and you made a couple hundred dollars profit, i don't really care to know how you feel then, because you know that's not special. Like yeah, your trade went according to plan.

I want you to know how you feel at your worst, because those are the areas that need the most improvement and i think both you and i can agree with that. If you write down how you feel today, it will only encourage you next time when you're deciding to buy early or when you're deciding to buy the dip to take your position size into consideration. So you look out for your future self. It's not that you shouldn't buy the dip, but it's just like anything.

It should be done with moderation, and at least i wanted not only to congratulate you with a successful day of a rebound right for the overall market and for hanging in there. But i wanted to remind you that we're human we all go through these challenges, this mental warfare - and i want you to know that you're not alone. If you end up, i want you to know that you're not alone. So if you end up writing it down on a piece of paper on how you feel you guys can either send it to me via discord, i would love to respond and have a conversation with you.

That's for all of you that are part of learn. Plan. Profit, you guys, can click the first link in the description or, if you're, not part, of learn, plan profit, and you just want someone to talk to uh feel free to send it to me through instagram, and that's that second link in the description. I need you to know that you're, not alone.

It is a very challenging thing. This is where the psychology and that mental warfare come into play. I just want to make it easier for your future self. Is that not what 2022 is about? It's not about being perfect it's about progress at least that's what our focus is for the swing trade challenge.

So again, if you're part of learn plan, profit 2.0, just know that i will be posting an update on my swing trade as well as another stock that i just added um or bought my initial position on so again. That's all going to be for all of those that are part of learn, plan, profit, 2.0 and again, if you're ready to join. That's going to be that first link in the description. I appreciate you guys time.

I hope that i earned a thumbs up. Please consider subscribing and like always, let's make sure that we in the year on our green now take you to the team.