So i just bought 10 000 of a stock. I've been really really waiting for. I wanted to share this with you guys, so i actually just shared this. With my learn plan profit group, i shared with them my plan uh, one of the first things that i want to remind you is that do i see tesla to recover right away right? I just bought 13 shares of tesla uh.

That's a market value of 10 000. That's a 10 position size for me, so my intention is to invest a hundred thousand dollars into tesla. A 10 position is 10 000. That's like you, trading with a thousand dollars and buying a hundred dollars worth of a stock perspective right.

Do i expect tesla to recover right away my simple answer: no, what is my intention with tesla? My intention is to hold it for as long as i need to for it to indicate signs of recovery with still having some form of risk management in place, and i'm going to be sharing my entire trade plan with you and one of the biggest questions that I've been getting especially if you're someone that's an absolute beginner, is ricky like buying tesla right now is so so risky right, just like buying anything buying. Anything right now is is super risky. I agree with you if you are an absolute beginner. If you are uncertain of current conditions with russia and ukraine, with inflation with interest rates, i'm never here to convince you to buy.

Just because i buy i'm not like other people on youtube, i can care less. I would even encourage you to wait for confirmation. I do think that there is great potential in market recovery, so the deals are now, but i'm never going to convince a beginner that you should buy just because i buy i would. I would love to see you set alerts on the stocks that you see value in and follow up with them when they begin to indicate signs of recovery.

I'm right there with you, but i'm just here to share my plan. So i hope that i earned your thumbs up and please consider subscribing i've been waiting for tesla to hit the low um 100 price point. One of the first things that i wanted to share is tqkq and tesla the way that they look so similar. It's not just tesla, that's selling off it's, not just the market.

That's selling off everything right tech related is selling off. Today the market is down one of the first things that again, i always try to ask myself. Is it just the stock that i'm invested in? That's selling off that would be bad news right or is it overall market sentiment right? Is it because of what's happening in russia and ukraine right? Is it because of interest rates and inflation rates and covid the market is not doing well? If that's the case, that's that's a factor. That's influencing all markets right, at least all of tech, so i can't be upset with myself when it's something that's affecting the entire market as a whole.

Just means that i have to be able to tolerate it and that's exactly what this whole video is about. I'm going to share with you my plan and then i have a very, in my opinion, powerful message, and you can. Let me know in the comments section what you guys think one of my favorite things to do is to kind of to kind of plan out my trade uh. I love to break down and explain why i see potential in something.

I don't need you to agree with me. At the end of the day, it's my money right and i'm going to choose to invest in it invested the way that i want to, just as you should as well right. Our job as investors and entrepreneurs is to put money in areas in which we see value where we see the deals to be at to be able to sell it for a profit, as you guys can hear, we could uh hear remy uh crying to my newborn Uh, but i want to share my my trade plan with you guys, so this is on the overall day chart right my support the way. The support level that i see based off of previous support levels patterns, tend to repeat themselves.

They don't always have to. Is eight hundred dollars resistance level? Thirteen hundred that puts into perspective my support level and my resistance level based off of oversold levels and overbought levels right. That's kind of the range that tesla's been trading at uh, pretty much for like the past year uh. So with that being said, that's about, if i'm not mistaken, from top to bottom, a little bit over 55.

So this is where we get the potential roi 55. That's where i get that from 800 support resistance. 1300. My entry point i wanted to show you guys this my average entry point on tesla is 805.27, so i put my entry point as 805., i've been really waiting for tesla to hit the low 800s um and with that being said, it finally hit, and it's not That i went all in.

I still wanted to do this in a very moderate way right. So my intention is to buy more to average up not to average down meaning that once and if it begins to indicate signs of an uptrend, i will buy more tesla until it becomes overbought and then that's where i will begin to lock in profits. My current position size position size, is one of the most important things that we talk about within learn: plan profit again when taking into consideration. What's going on with the market right now how bearish the market is, how much worse it could potentially get.

I agree with you, you know, there's a specific opportunity, that's presenting itself. It doesn't mean that the market has to recover so because of that one thing that i do to manage and mitigate my risk as i watch my position size instead of going in with a hundred thousand dollars and crossing my fingers and hoping that the market recovers. I buy 10 again if you're an absolute beginner. I would even encourage you to not even buy 10 and to simply wait for confirmation.

That's a little bit more on the conservative side, which again, if you're new to this, don't put yourself in a position to fail. If you can't manage your risk, if you can't accept a loss, then don't buy when the market's still selling up. I think that's you know uh pretty straightforward. My max loss is, i am willing to risk 10 of my 1 10 position size.

So 10 of my 10, meaning that, because my position size is so light in tesla right now, because i didn't buy a hundred thousand dollars of it just yet that's my plan. I plan to average up into tesla right, but because i only bought ten thousand dollars worth of it, i'm giving myself, because i have a lighter position more cushion, so i'm okay with risking ten percent of the ten thousand dollars, which is one thousand dollars. That means that if we take a step back because i took a light position from where we're at right now, it can continue and continue to drop to lows of what is it going to be exactly around 7 15.? And, let's be honest: if it drops to 7 15, i think we got bigger issues. If i take a 1 000 loss, that's okay! Right! If i choose to average up and things begin to go according to plan, and then i go in with a hundred thousand dollars, my potential upside is 10x of my downside risk of the one thousand dollars and that's what i like to put into you know perspective.

I like to take advantage of opportunities that i see to be fit. Am i right 100 of the time heck, no, which is again why i always try to encourage people to be more conservative, especially if they're just getting started. I'm simple uh simply simply, i'm simply sharing my plan with you and i thought i would do it uh. Do it on youtube breaking it down with that being said, one of the messages that i wanted to share with you guys is the thing that i'm most excited about is i i i'm so happy to see to some degree tesla at 800, i'm very happy to Have began my position in tesla and i and i'm excited to average up into it, and yes, it is a riskier trade right anytime that you open a position in the market.

It's a risky trade right now with all the tension with all the uncertainty. It's a risky time, but one of the things that again a lot of beginners might not understand is everyone has something to complain about they're like oh well, ricky. You know it's risky because we still don't know exactly. What's going to happen.

I agree with you right. It's risky because you know inflation and interest rates. I agree with you right, it's you! Don't you don't begin to do well in life by avoiding risk. That's nonsense! Right! You begin to do well in life when you begin to manage risk.

I think that's the biggest difference look back at every time you failed and that you failed miserably. It's not because you took the risk it's because you didn't manage risk appropriately position size having an exit plan of your max loss or max dollar loss or max percentage loss, things to put things into perspective, to implement structure and discipline, and that's my biggest encouragement for All of you ignore the stock that i invested in i'm just using that as a proof of concept. I want to make sure that moving forward, especially during this very uncertain time, if you choose to take advantage of any opportunity, it's not just that. It's risky that it should scare you, but it should empower you to take time, plan out that trade plan out that investment and manage and mitigate that risk, not just for the good, but also if things go south as again, there's never going to be a perfect Trade in every market right, so i really do appreciate you guys time again.

I would love to invite you to one of my live trading sessions. I trade live every morning exclusive to my learn, plan profit group, and if you want to join us as soon as tomorrow, click the second link down below and again, we are offering a 50 off coupon right now. So if you want to learn more about it, again, click the second link down below. I hope that you learned something new.

I hope that this video not only empowers you to take advantage of opportunities, but empowers you to do it in an effective way, not to avoid risk but to simply manage it. I appreciate you guys this time and like always, let's make sure that we end the year on agree now. Take it easy team.