What a ridiculous day what's going on team, it's ricky with tack, bud solutions, a quick little market update, i'm here in california, i've been traveling just all morning and to see how things played out tkq was up four percent. By the time the market opened it sold off from highs of 29 a share, it was actually even higher than the pre-market session hit highs of 29.14 sold off to lows of 24.93, and we talked about this. We literally just wrapped up our live trading session. With my learn plan profit group - we talked about this - that how ridiculous would it be the amount of emotions that were destroyed today when the market sold off the people cutting losses? The selling pressure, the fear that was injected into the market - for no reason right? The s p 500 is down 20 percent entering recession levels, yes, causing more selling pressure, elon musk, with the idea of the skeletons being brought out of the closet of something that happened back in 2018 of these, like sex sex allegations towards him to now be coming Out shortly after the s, p, 500 seems like now he's just being targeted, tesla tanking right everything sold off, but how did it end? Well, if you look, tqtq ended down less than one percent and altogether even including aftermarket hours, it's down about one percent.

So if t qqq is down one percent, that means the nasdaq markets was only down about 0.3 percent. Think about that, the nasdaq market was down over eight percent nine percent on the day for tqq right and then we saw a full recovery when literally power hour. We were at almost previous lows of 25 30 and look at that recovery check this out. This was during the live trading session.

We saw the amazing recovery of over seven percent in just a couple of minutes or really one hour. There's still a lot of fear. This is what you know and this this recovery is not to get. You excited the nasdaq market.

If you guys check this out on the one hour time frame, it's still very bearish, still getting rejected by the moving average. We had a lot of our learn plan. Profit members that were asking hey is this now a good time to enter a swing trade big difference right. Overall, nasdaq market is still bearish, we're still trading below the moving average, and this is very clear to see that until it really begins to trade above 35 dollars a share, and you can see this on the day chart.

It really wouldn't make sense to step on the gas for a tqq recovery, but with that being said, there are amazing deals tesla, making new lows on the day losing 6.4 percent on the day, hitting lows of 6.33 check this out during the pre-market session. I don't know if you're aware of this, it was up at 7 31. A share. Where did it hit lows up 633? It lost 100 a share in just a couple of hours of trading insane right.

I decided to reduce my position size a little bit in tesla just to be safe. I've been a big believer that i still think tesla amazon. All of these tech stump companies really majority of the market is very cheap and very good deals as of right now, but i want to make sure that i keep a well-balanced position size and i think a lot of you guys would agree with that that i Want to have enough money to take them seriously, but not so much that if it does continue to sell off, as it's been doing for the past five months, that i i become irrational right and that's the last thing that you want. You want to have enough money that, even if it does sell off it, doesn't bother you and i think that's just the mindset that i want to have moving forward for my investment place.

It's still super early. They still have great roi potential. So why rush into it? Let's not over, complicate our trading or our investing. Let's be selective cherry pick.

The stocks that you actually want to take action on we've talked about how you guys can use that uh risk to reward calculator. I shared it for you guys for free via discord. If you guys are part of our discord chat, i shared it for you guys and you guys can download it for free the risk to reward calculator to plan out your entire trade, so make sure that during the worst time of the market, now is the time To prepare things can get worse, but that's that's the mistake that a lot of people make is that they choose to prepare for the market recovery when the market is already recovering. That's kind of like backwards right, you're, just trying to play catch up at that point.

As of right now, it would make more sense to plan now in preparation instead of getting surprised later, so i'm very excited to follow up. Can the nasdaq market and the overall market still continue to sell off on monday, yes and there's some indicators that are indicating that the sell-off that we saw today can be even worse on monday. This is why i decided to just lightly reduce my position size on my long-term place right. I am excited to follow up if you guys want to join us for monday's live trading session.

Literally, all you have to do is click the second link down below there's a 100 off coupon and you can join our learntime, prof group and watch me. Trade live every single day. If you want to learn a little bit more about it and, what's included click that second link down below, i appreciate you guys this time. I hope that i earned a thumbs up.

Please consider subscribing hope that you guys have an amazing weekend and don't forget. We have um our biggest sell at shoptechbuds.com, it's one of our most popular sales. So if you have a trading office or a trading station, we're giving away a free flag a free trading flag with every order - and all you have to do - is add it to your cart. So you can buy an aluminum art.

You can buy a mouse pad. You can buy whatever it is that you want just make sure that you add your favorite flag to your order and you'll get that flag for free, so again, that's all available at shoptechbuds.com or that fourth link down below. I appreciate you guys this time. Please consider subscribing and like always, let's make sure that we in the year on green now take it easy too.

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