i know it couldn't just be me today but today the market changed directions more than my girlfriend changes outfits right before we go out uh that's my little dad joke for the day please don't laugh at me all right so check this out this is ticker symbol tkq it's an overall nasdaq etf and it went green and then it went red and then went green red green red green red green red and i sent out an announcement to my learn plan profit members and i'm so glad that i did i even talked about i even talked a little bit about it on my instagram i set two main alerts the break above an obvious pre-market resistance which was right around 25 and 30 cents if you joined our live session today you would know what i'm talking about as well as we establish somewhat of a support level right around 24 so guess what i set an alert there when the market trades sideways it doesn't make sense in my opinion especially if the margin isn't there right i mean if you're a perfect trader and it sells off and then it recovers i mean you have four percent to work with but let's be honest first off i'm not a perfect trader second my overall entries and exits aren't always going to be ideal and with that being said if i'm waiting for confirmation and then selling early that's less than a two percent margin in that case it's not really worth it to day trade and this is what you need to understand it's like days like this are a perfect example of when staying cash and or just setting alerts and going on with your day is sometimes more effective instead of sitting in front of a screen watching paint dry right because at that point you're just wasting time so i'm very happy that i sent out that alert and setting alerts at 24 and around 25 30. but i did buy more tkq let me explain to you why i decided to hold this uh so we had the uh ecb conference today actually live streamed it so if you want to check that out it's literally the video that i uploaded right before this uh one of the things that we talked about was the vix the vix index is considered the fear index and one of the main reasons or one of the main reasons i decided to add more to my position is i still saw the vix struggle to make higher highs and one of the things that i've noticed is if you look at this it's harder to see on the day chart but if you look at this on the one hour time frame any time that the vix rises the nasdaq market falls and anytime that the vix falls the nasdaq rises so i took a position on t kikiq because i began to see signs of lower highs for the vix one of the things that i do have to point out is that when the vix does begin to rise very often it just shoots up it shoots up it shoots up right it shoots up it doesn't rise gradually it's normally something is announced that causes the vix to rise fear gets instilled into the market and then markets begin to drop also the same thing with dramatic drops right when we're at this resistance level dramatic drops this one was more of a consistent drop this one was more of a dramatic drop this one was more of a consistent drop that's what we experienced for the past two weeks right that consistent drop on the vix consistent uh two weeks for the green weeks like last week we had the best week for the nasdaq since march of 2020. obviously again the vix came back to its support level but one of the things that i saw today is instead of the vix beginning to indicate signs of an uptrend meaning that the market should be falling it actually did the opposite it tried to retest that same level and then dropped once again so i'm just going to follow up with this i wanted to make sure that before i uploaded this video that the market closed so it gives you time to think about what i'm saying i don't want any of you guys to make impulsive decisions i don't want you to copy what it is that i'm doing just because i'm okay with taking a risk doesn't mean that you can tolerate that same risk i'm never right a hundred percent of the time so please make sure that you don't put yourself in a position in which you cannot tolerate i just like explaining why i do what i do so the vix began to show signs of a resistance level it didn't have much momentum there's not really much going on when it comes down to fed meetings or anything like that for the rest of the week right so we had our conference today as of thursday we don't really have anything there and then we're going into friday which is going to be july 1st um other than that the thing that i'm really going to be looking forward to are going is going to be the fed minutes and again that's not until next month um so something that we'll have to follow up with we do have on july 4th right independence day so please make sure that you are aware that the market is set to be closed on monday of next week so it's only going to be a four day trading week but again it's exciting right because it means that for the four days that we do have available it is our job to even be more effective with the time that we spend in front of the screen but also in the trades and the opportunities we choose to take advantage of so i'm very excited to follow up i still personally again this is my personal opinion i still think that right now is the best time to prepare for the market to recover do i think that the market's going to recover right away of course not but i think one of the worst things that anyone can do especially if you're just getting started is to take all this time to try to learn about the stock market but not actually build a small watch list set effective alerts and create an effective investment plan or trade plan for the one two or three stocks you want to buy and hold there is no question that there are so much opportunity in the market right now yes the cheap can always get cheaper but your job is not to be perfect your job is simply to prepare and that's exactly what i want to encourage you to do is it doesn't mean that you have to buy anything right now but what do these stocks need to do for it to earn your investment i think that's a great level-headed approach to have right now with current market conditions i'm super excited to follow up i think we've all been able to see how inflation has influenced the overall market it's kind of a domino effect right because the stock market gets factored in right away when inflation numbers are high but some other markets such as the car market or the real estate market or transportation services it takes time for it to trickle down to those other markets right and this is what you need to understand that there is no guarantee that the market's going to recover right away but one thing that i know based off of history is that it's not if the market's going to recover it's when so my rhetorical question that i want to leave you with is will you be able to tolerate the time that it takes for the market to recover and only you can answer that how do you tolerate time you don't put yourself in a stressful situation so if you're heavily invested right now that's high stress right put yourself in a position that even at its worst case scenario you can tolerate i think that we can all agree that you know we're all waiting for the market to recover i just want to make sure that you put yourself in a position now that you actually make it and see the light at the end of the tunnel i really do appreciate you guys time i'm excited to see you guys in tomorrow's live training session i trade live every single morning exclusively with my learn plan profit group they get to see where i buy where i sell if i cut losses my entire thought process while i trade i do this every single day at market open and if you want to join me as soon as tomorrow i encourage you click the second link down below learn a little bit more about my learn plan profit group and as of right now i am offering a 100 off discount code and again that's that second link in the description of this video i hope that i earned a thumbs up please consider subscribing if you have any questions feel free to message me via discord and that's that first link in the description and i'd be more than happy to assist you like always let's make sure that we end the year on a green note take a digi team.