So is the stock market going to get worse a question that a lot of people are asking right now what's going on team, it's ricky with tackle solutions, hope that you guys are all having an amazing day. One of the things that i quickly want to chat about, um, what's going on with the market, why is it selling off? If you guys watched today's earlier video, i don't want to say we call it out right, because i don't do call-outs. Yes, we, you know title our thumbnails a specific way uh, but we had an expectation of the market right for the past week, the market's been getting rejected by the moving average. This is tqqq.

It's the nasdaq bull etf. With that being said, we're making lower highs lower lows. We continue to continue to get rejection rejected. It doesn't surprise me that after yesterday's performance right and i made a video yesterday, i i tried to make you aware of like hey, let's, let's humble one another, when the market has that big of a green day, the market had a seven percent green day.

Yesterday, uh for tqq, does it surprise me that it pulled on back? No, i mean i traded tqqq. Yesterday i locked in profit. Everyone was asking why um i just was uncertain. I wasn't certain because of the overall direction was not in our favor.

I wanted to wait for confirmation. That's me, being conservative, you don't need to. You know, follow in my same footsteps, but i've been burned enough that i would rather miss out on something than actually take a loss right. So with that being said, i tried to play it a little bit safe uh.

During today's live training session. I had a small position in sqcq small as relative to the position that i'm trading with uh a little disclosure, the sixteen thousand dollar day or gain on sqq i trade with over three hundred thousand dollars. So it's about a four point. Five four point: seven percent gain sqq gained six point, eight percent, so in no way was my trading perfect.

No way did i make every percentage. You know my job is not to be perfect. There's there's like no way. I will ever have a perfect trade right.

My job is to enter when direction's in my favor step on the gas when we're seeing that momentum and to never be afraid to lock in profits. Not only did we sell the highs, we anticipated the pullback um. You know bought in on this reversal and we called it all out within today's um - not only live trading session, but also within our learn plan. Profit, discord, group uh.

Why is it that this is happening right? A lot of you guys should be aware of this, but um the market as of right now, is going through its um earnings season right. So we talked about q1 earnings right uh. They were absolutely trash for q1 of 2022 and it's been a concern that a lot of people have had is, like you know, okay. Well, we had a horrible q1.

You know expectations were high for q2. I think that was what was factored into the market. Yesterday, people thought that you know, as airlines reported positive earnings, this got everyone very hyped up. Banks reported earnings.

Today it wasn't horrible, they were in the green, but it definitely was not. I think what a lot of people anticipated uh, if you guys don't know about this um on the weeble uh trading app, you guys, can actually download weeble uh. It's the first link in the description. It's free, you guys, can use my link.

If you guys don't use my link, i don't care, but you do get a signup bonus. If you use my link just let me know first link down below with that being said. Under this earnings calendar, you can look. You can select a date right if you want to select just on the 14th, what earnings, what stocks reported earnings today, you can look at the 18th, the 19th, the 20th.

I mean you can look at what companies are set to report earnings. An example is that netflix is about to report earnings on the 19th. If i'm not mistaken, netflix has been doing absolute trash right. Surprise, surprise.

It probably is going to do trash once again right, um, there's so many companies that are going to be reporting earnings. This upcoming week and the week that follows that, yes, earnings do influence the overall market, not just earnings when they actually report, but actual expectation gets factored in right away. That's the world that we live in uh. I wanted to share one of two things with you.

People continue to cl uh complain about, like oh, my god, this market's so indecisive, it's so obli. You know if the market is so choppy hero, here's, here's something that you can do if the market direction is unclear, which it's not really. I mean it's selling off right, but let's say that it's unclear, don't trade, it right or trade. It with a dollar amount that you can tolerate that you don't just think that hey things have to go up, but that you go in with a dollar amount and an intent that, like hey, i'm gon na put this money.

I don't expect it to recover right away. I know things are gon na get choppy and that's why i'm only lightly invested, maybe when things begin to become a little bit more clear, you can revisit this and actually double down on it or invest into it. A little bit more aggressively, but you are correct if things are choppy, if you feel unsure of what's going on either don't trade at all or manage your position size, because that's probably what is causing all of this. You know madness of emotion and i'm not just calling you out.

I mean i make this mistake all the time like i said, i'm not perfect. Let's talk about it. Why not have these open-ended conversations? I love having these conversations with our traders, though um, and i think it's super important for you to understand that it is what was factored into the market yesterday right and then based off of what was actually presented today with earnings and then future expectations of earnings. It's just not looking too good right, so we had kovid right.

That obviously was a negative influence. We had inflation, we had interest rates, we had russia attack, ukraine, we have oil prices and now a relevant negative influence is potentially earnings. But let's be honest right. If these companies, especially tech stocks, begin to report earnings that exceed expectation, we could see the market begin to rise.

So today was just a rough day for the market banks. Uh did not me, i don't think exceeded expectation. To that degree, it really brought down the market um, and it wasn't just you right. That's one thing that i want you to understand is that it wasn't just you.

It wasn't just your long-term investments that dropped today. It was the entire market, so you're, not alone. With this, i don't ever want you to feel like you're alone. I'm very grateful for the way that today played out i closed out my entire position, except for one share but ricky what if the market continues to drop? Don't you want to make money? Of course, i i would love to make more money as the market sells off and i can go into ask qqq for those that don't know ask qqq goes up when the nasdaq market goes down.

It's pretty much like shorting the market but you're doing it with a triple leverage. Etf, um. I don't know if the market's you know it's a three day weekend. Market is closed tomorrow.

I don't know if the market's going to continue to drop. I'm not here to predict the future, i'm here to prepare for it. I would rather wake up monday morning during the pre-market session, with my learn, plan, profit team and ask ourselves hey, which way is the market going and then trade right? I would rather make informed decisions versus hopeful decisions, and that's what i'm here to encourage you to do. I don't know if you resonate well with my trading style, with my the way that i express myself the way that i try to encourage you to be the best version for yourself, not for me and not for others.

But i need you to understand that that you're not going to be perfect, especially when you're just getting started it's going to take time. Yes, it is challenging and there's a lot to learn, but i think that's what's most exciting about this. Is that don't the most challenging things follow with the most fulfillment when you overcome them right? So let's embrace this challenge right, so i'm really excited uh to follow up with you guys on monday, just a little heads up for all of our learn plan. Profit members.

Tomorrow, at my uh tech, buds trading hq, so that's my office space uh, i'm gon na be hosting an in-person uh session and we're going to be talking about position size. How much does this in-person session cost it's free? It's free for all of our plan. Profit members, so if you're in arizona it's located in chandler arizona and it's going to be at 12, 30 p.m, mountain standard time, arizona right in chandler, arizona, uh, the information will be down below. So if you guys want to join us again, we are ready to sell today you guys don't have to and please don't join just for that uh, but it is an incentive.

It's a hundred dollars off, learn plan profit they're. The team that gets to watch me trade live every day. They get access to the a2z video lesson, library. They get access to our private group chat and they get access to my hq monday.

Through friday. It is all-inclusive a one-time payment and a lifetime access. It's pretty great right and today it's a hundred dollars off. So if you guys want to sign up that's going to be one of the links in the description, it will clearly say: 100 off, learn, plan, profit 2.0, and hopefully i see some of you guys uh tomorrow during our in-person session, especially if you've been struggling with Position size, i think it's something worth learning more about, and it's one of the main things that led to my success today: uh being effective and knowing when to step on the guys.

So i appreciate you guys time hope that earned a thumbs up. Wish you guys nothing but the best again let our green days uh or in our green days we prepare for our red days and on our red days. We prepare for the green days, so i'm very excited to follow up with you guys. Take care team.