It is not a good day to be invested in crypto. What's going on? Team it tricky with tech about Solutions Make sure that if you're new to the channel then you subscribe and make sure that you drop a thumbs up. I'm going to give you guys a quick little breakdown on what happened today and why that even if you're just invested into the market, Why the market so aggressively sold off? Uh, let me go ahead and start sharing my screen with you. So the NASDAQ sold off 2.3 percent. That means that Tqq sold off three times that, right? So a seven percent loss for Tkq. Ask Kikiq during my earlier video today, So ask QQQ goes up when the NASDAQ Market goes down. Sqq is a triple leverage. ETF And just like I've shared so many times before, ask Kiki Q and Tkq are not investment vehicles or something. There are ETFs that not that should not be held over a long period of time due to path dependencies. That being said, you can make a decent amount of money when direction is in your favor and that's what exactly we did today, right? I Think within today's early video, I was up about 17 to 18 000 I Closed Nearly. not there, but nearly I was actually up twenty four thousand dollars on the day I took an additional trade. It's already when things were getting choppy and I gave a little bit of a bet. Again, no one to walk away. Still very grateful for how today played out and seen how red the market was. Not just for the NASDAQ Market but for crypto I mean have you guys paid attention if you look at BTC which is Bitcoin We made new lows today I Don't think that we have ever been to the same lows that we hit uh today at 15 520. in Insane insane Why? Why? Why? Why is the market selling off the way that it did? It's very simple. Remember, we talked about it yesterday: FTX FTX was in some trouble. FTX is a crypto trading platform. It was in some trouble with leverage. it was too heavily leveraged. uh, and it had liquidity issues. Binance was going to come in which is considered a larger crypto platform. was going to come in and you know, pretty much be the hero and save FTX and its users. Binance came in and said whoa, like this stuff is really messed up, right? Everything that they had set up for their customer deposits and their withdrawals at one point if I'm not mistaken I think as of right now FTX is not even allowing their usual users to withdraw their funds. Uh, this is the crazy part because now Binance is no longer actually going to be acquiring FTX any longer and this is what caused that additional selling pressure and it really set Bitcoin from lows of 18 000 to lows of 15 500. it's insane. Remember, we talked about this yesterday. It's unprecedented news, right? I was focusing on two things: CPI data report which is tomorrow at Market Uh, one hour before the Market opens. I'm going to be live streaming it on this channel. All you have to do is get this video to over 1500 likes and subscribe to the channel. So YouTube alerts you when it is that. I Go Live! So that's one hour before the Market opens. We also have midterm elections, right? That's all. I was focused on just those two things and then out of nowhere you know this. FTX and this uh, Binance deal uh comes out and it sends a crypto Market crashing. And because obviously Bitcoin and Crypto is such a big market now, obviously it influences other markets especially Tech And this is why we saw you know the NASDAQ Market sell-off I've been trying to make warning videos of how uncertain things are because it was made very clear that Binance's agreement to potentially acquire FTX was not something that they had to follow through with, right? It wasn't like Elon acquiring Twitter and he signed that he had to acquire Twitter Uh, there was. There's no type of deal like that for Binance again. FTX That just shows how how desperate FTX was. So a lot of people had the uncertainty of FTX actually getting Acquired and based off of the news that we heard today, it definitely is not going to happen. At least not as of right now, and at least not by Binance. So with what we see going on right now, it it's a very, very weird setup for a CPI data report. Just so you guys are all aware: I mean I made videos about it. but I get it that you guys don't watch all of my videos. Tomorrow is a CPI data report which is an inflation report if you don't want to tune into my live stream I Respect that. I Get that. Here's how you can do it on your own. You can go to Bls.gov Forward slash: CPI It's going to be tomorrow November 10th One hour before the Market opens at 8 30 A.m The CPI data report is pretty much an inflation report that gets reported based off of the prior month. It pretty much explains if inflation is going up or down. Right now, inflation is at 8.2 percent. This this is a 40-year high, but this is coming down from lows of 9.1 percent. Inflation has been going down, but Core CPI has been going up. Uh. So with that being said, what is the Market's expectation for tomorrow? Right now? We set up 8.2 percent. They expect, uh, what's it called the CPI data report to be right around 7.9 to 8 for overall CPI and around 6.5 percent for Core CPI If this is confusing to you, I'm going to live stream it for free tomorrow I Know a lot of people ask you to subscribe I'm going to ask you to do it as well and to turn on your post notifications if you want to watch my live stream. I'm going to ask you to subscribe and to drop a thumbs up and I will break it down for you in a very simplistic way of what is reported. I'm gonna have this website up I'm gonna have the market up. the Market's going to react and we're going to prepare. The best way to prepare is to stay cash So it doesn't matter if the market goes up or the market goes down, there's always money to be made if you focus on one thing and that is Direction The only people that freak out during a stock market crash or stock market pullback are those that did not prepare. Just like today, we did a beautiful job being able to make money during a bear Market 22, 000 nearly 23 000 on the day. my trading was nothing close to perfect. but guess what? I don't have to be as long as I focus on one thing and that's Direction Um so I'm not going to take too much of your dad's time. uh I'm sure if you guys follow me on Instagram You guys have seen how crazy our past couple of days have been. We have our staycation winners. We flew someone out from one of our winners out from Iowa and one of our winners out from Alabama and today is a boys night so we're actually going to be heading on over hanging out with them. um and just you know being guys and and having fun. So if you guys want to see a little bit more of that, make sure you guys follow me on Instagram and that's that third link down below. Promise you we won't get too crazy. I'll make sure that I show up one hour before the Market opens and I host that live stream. All I ask you to do is get this video to over 1500 likes and make sure that you subscribe to the channel. So YouTube alerts you when it is that. I Go Live! I Really do appreciate your guys's time I I Do apologize for anyone that you know is stuck with their Fund in the FTX trading platform. Uh, based off of what I'm hearing, you're not able to withdraw it. I Wish you guys nothing but the best, but it looks like a very similar setup to the Voyager setup where they pretty much lock you out and they're waiting for some form of bailout and most likely going to file for bankruptcy if they don't end up getting billed out. So I wish you nothing but the best if there's anything that I can do. If you have any questions for me, uh, feel free to reach out to me I Don't trade crypto I Focus on the stock market and this is one of the main reasons because it's heavy, heavily regulated, and just like some things, yeah, it sucks when things are heavily regulated, but things like this that don't happen right? So I really do appreciate you guys time. Hope that when you thumbs up, please consider subscribing. Uh, and I will see you tomorrow for the CPI data report. Like always, let's make sure that we're in the year 100 right now. Take it easy team.