So who got freaked out with the market performance today, what's going on team, it's ricky with tackbot solutions? First off, i really do appreciate all the love and the support um. As of yesterday, we introduced our baby girl into this world rachel and i did so um. I guess really rachel did. I was just there holding her hand but um.

Thank you guys for all of your patience uh due to the lack of sleep and just the change of schedule. I'm still going to be trying to upload videos every day, um for the first couple of weeks, um and then i i plan to transition back to normal um. So again, i really do appreciate your guys patience. I hope that i earned your thumbs up in this video um.

All i have to say is today, if you held through today, first off, congratulations right. I want to use tkq as an example. One of the questions that everyone was asking is, as as the nasdaq market was, selling off everything everything was selling off. We hit lows of 48 dollars and trust me.

It can be scary. I did not have a very big position size. You could see how i ended the day. You could see my overall p l on the open.

I have a very small position size in tqq. So with that being said, when the nasdaq market was selling off, i wasn't freaking out right. I felt, if anything encouraged to allow it to bleed and thinking about it now with how the market recovered and i'm sure almost everyone will say this right. Everyone likes to point the finger off.

Like i told you, so i told you so i told you so, and it's like at the end of the day like no one knows how long the market's going to sell off all we do know is that year over year, the market always ends up recovering To some degree right you can, you can look as far back as you want to, and there are very aggressive pullbacks, but guess what the market always ends up recovering. So here are three steps that i think every beginner trader or investor should take before just jumping right into it. One of the first things is of course, position size. What i talked about is, you know i can buy a hundred thousand dollars worth of tqq, but as of right now as tqkq is selling off and it's not establishing any signs of a support.

Nor is it indicating any signs for recovery. It's probably not going to be very smart of me to try to take a heavy position right now, as the market can continue to dip and if it continues to dip - and i have a heavy position like some of you guys might be experiencing - you know it's Challenging there's no way to sugarcoat it and i've been there. Trust me. The only reason i'm not freaking out is because i don't have a heavy position.

Second is because i've experienced this enough before i've made enough mistakes, so i don't want you to ever think that you're alone, i don't want you to ever think that what you're experiencing is because you suck at trading trust me. We we all make these mistakes, but it's the effort that you take to learn from these mistakes that will really make the difference. This is why i'm so excited the second thing that i think everyone should take into consideration. Is everything is selling off right now and that's overwhelming it is so overwhelming.

So a simple step that you can take is pick five stocks, three five, ten stock. Whatever you can manage, even if it's one or two who cares, ignore the rest pick your pick, your you know like solid picks, they're solid companies there's a reason in why you're only focusing on those one or two three five or ten stocks. Again, however, many you can manage the smaller you keep your circle of what you intend to invest in the more efficient you can be. This will allow you to make more informed decisions, it's very overwhelming, taking on um all the information that they're they're spewing about the market, even with this video right, just everything that's going on and then trying to make sense of it with every single trade.

If you have 15 different positions, if you have 20 different positions, sometimes even if you have five different positions, it's overwhelming, especially when everything is going south, and the last thing that i have to say is that just like today, i want to use today as an Example, look at tqqq and the end of the day at 1.45, but it's down 2 after market hours. But what i want to showcase is how much it recovered from the overall lows to the overall to even the current price point. That's 16. And if we talk about the highs that it hit today, that's nearly 20 in one day it sold off it sold off.

You know 15, but it recovered from lows to high 20. So what i'm saying what i'm trying to share with you is that direction is one of the most important things but, like you can see, when things get bad, things are bad right, which is why we take position size into consideration. But it's not to say that there isn't light at the end of the tunnel, and i think today is a great example of this for those that were able to hold through it and trust me again, it's not easy. It's much easier said than done, but i want you to use today as an example with how it sold off.

I bet you and you and you shouldn't regret it, because no one would have known that the market would have recovered right away, but with how much the market sold off. To know that i could have made 20 by. You know waiting for proper indication of a reversal i mean i could have captured about 10 to 12 percent on that. That's amazing in one day now take into consideration everything that the market has to offer right from where we're at right.

Now, if and when the market does recover, just to previous highs, not all-time highs, that's nearly 50 roi to all-time highs. That's nearly 60 percent roi, not from the lowest point we hit today, but from the current price point think about that. We have so much margin to work with. This should only encourage you to not rush into it and to stay cool common collected.

So whatever that means for you, if you can stay cool common collected by having a position invested in whatever stock, you end up, choosing then great. But if you know yourself - and you know that you know you don't deal bad, you know you're not the best. Maybe you know managing your emotions when the market's tanking then maybe hold back hold back from buying too early, but create that small watch list and set those effective alerts, because, just like some people regret not buying the dip today, it doesn't mean that the market's going To recover tomorrow, but when the market does recover, as it has year over year again, that is where the money is made. That is where people look back and regret.

Oh man, i should have bought it. You know when it was at fifty dollars a share at sixty dollars a share at seventy dollars. A share. I should have bought more.

It's much easier said that said said than done right when you, when you're looking back, but it's difficult when you are presented all the challenges, even with today a consistent bearish pattern. You know a position having a small position size and then also taking into consideration. You know my overall smaller watch list. It makes it easier for me, so i just wanted to share a couple tips for you that i hope make it easier for you.

I hope you end up not regretting buying early there's nothing wrong with buying early. There is, i don't think it's the best habit of buying early with your entire account size, because now you're just trying to predict the bottom and that's very difficult, nearly impossible. So let's do this effectively. Let's be effective.

Watch that position size build that small watch list as small as you can keep it, set those effective alerts and then guess what when the market does begin to recover, i don't want you to be one of those people that end up regretting. Oh, i should have bought more. No, it's not about that. We formulate a plan today to prepare for a better future tomorrow.

Right, that's why we're all doing this, so i had about 10 minutes to spare before my baby girl starts crying so again really do appreciate. All your patience, all the love and the support. I hope that i earned your thumbs up in this video. I'm really excited to get back to normal, i'm just trying to soak it up all and we're.

Finally back here at the house and yeah. If you guys have any suggestions for um, you know new fathers, then i would love to hear it, but i really do appreciate you guys time friendly reminder. If you guys want to join my free trading discord group, that's going to be the first link in the description and, if you're ready to join my learn plan, profit team who gets to watch me trade live every morning and they get to work with me on A closer basis, that's going to be that second link down below again the learn plan. Profit group is the only group that i work with on a closer basis.

So again, all the links are in the description. I appreciate your time like always, let's make sure that we end the year on the green now, take it easy team.