Why is the stock market crashing? What is the new CPI data released? The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
The Federal Reserve conducts the nationโs monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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1. ๐จ Message me any questions: https://discord.gg/kwVQtmu
2.โ LPP 2.0 $150 OFF (LIVE TRADING): https://bit.ly/150OFFLPPNOW
3. ๐ธ Ricky's Insta: https://www.instagram.com/rickygutierrezz/
4.๐ฅ #1 Trading Mousepad: https://shoptechbuds.com/
5.๐ Free 12 FREE Stocks (WEBULL): https://a.webull.com/i/RickyGutierrezYouTube
For those who are interested in Trading & Investing, I encourage you to join Our Free
Trading Group of over 310,000!
#fedmeeting #fomcmeeting #stockmarketcrash
Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
The Federal Reserve conducts the nationโs monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
And we are live. What's going on? Team at Turkey with Tackled Solutions We are going to be hosting our CPI data report live stream. Uh, it's going to be released in just five minutes. The CPI data report will be released. It's going to be released. uh on Bls.gov Forward slash CPI We will be breaking it down for those that are unaware. Market Consensus expectation is 7.9 to 8 for overall CPI Expecting it to go down from 8.2 um percent and then core CPI is expected to be at 6.5 So um, yeah, ignore the CPI page, just watch the chart. Well again, my job here is going to be to cover both, right? So we're going to see how the market reacts either in a positive or negative way depending on Market expectation and what is actually reported and then uh, we will see. you know if Market reacts? um, uh, in our favor, right? And one of the things that I'm most excited about is again, remember, the only people, uh, that freak out during a market pullback are those that did not prepare. the Market's actually pretty normal during the pre-market session. I mean NASDAQ is up uh, 0.4 percent and Tqq is up 1.3 percent I Feel like that's a very fair start to the morning for how significant today is supposed to be. There were a lot of shifts of direction, right? So yesterday was a very bearish day as Sqq gapped up and then obviously as T Kiki Q gap down? Um, but just no. I Mean we say this time and time again, the only people that freak out are those that did not prepare. Please, if you cannot tolerate a pullback, do something about it right now, right? We all have the option for the next three minutes that if you do not want to be invested, if you do not want to have an open position, you can control it right now. So either right now or forever hold your piece. Okay, so I Hope that we can drop? Um well I Hope you guys can drop a thumbs up I Love hosting these live streams. Uh, we had a lot of positive feedback I Would love to continue to host more. All we ask you to do is to drop a thumbs up and subscribe. Uh, if you ever have any questions, you're more than welcome to message me at any time I Can't help you if you don't message me? Uh, so feel free to send me a direct message via Discord and that's that first link in the description. If it's a non-trading related question, then feel free to message me via Instagram And that's that third link in the description down below. So all right, we got two minutes left until the new CPI data report is going to be released and then the market should react. Remember, it's going to be available at us Bureau of Labor Statistics or Bls.gov forward slash CPI So it should be interesting personally: I Think because of energy I think energy is going to go up but that's just my opinion. My opinion means nothing, right? I'm not trading off of my opinion. um I want you guys to understand that? So um I don't mind having an opinion as I as I as long as I realize that you know it doesn't matter what I think is going to happen. My job is not to predict. My job is to prepare which is why I choose to stay cash and if the market reacts in a bullish way, great. If the market reacts in a bearish way then great. You know I can just trade accordingly. Uh, that reaction. But please also be very careful for a fake out. Sometimes it quickly shifts on a bullish side and then ends up selling off. so no need to rush into it. right? We have nothing but time. Let's Embrace that. So all right here we go. So we got Tqq here. All right. We got NASDAQ here you guys ready Crash and Burn time I like it I Appreciate everyone dropping a thumbs up. Let's see what ends up getting reported and let's see how the market reacts. So we got the NASDAQ Market We got asked over here. looks like it's beginning to push. it's Market expecting us to go one specific way. Let's see it all right here. He goes any second. Now please be careful any second. This is for all the marbles. This is for everything we've been waiting for you. Oh look at that. Look at that. Wow. Wow. Wow. All right, it's looking bullish. Wait, be careful. Be careful. So the way that you can buy during pre-market is you just have to set a limit order. Oh my. God a 10 Gap up. Where is it? 7.7 seasonally adjusted? That is far below. Oh, that is bullish. That is bullish. Holy Smokes. Holy Smokes. Get in sucker. We're going shopping. Oh my. God that was a horrible analogy. There he goes. 7.7 before seasonally adjusted right? so we Rose 0.4 percent. This is way better than expectation. And where's Core CPI Core CPI All items less food and energy is 6.3 percent lower than expected. Wow. Wow. Wow. Holy Smokes. Be careful. This is a huge gap up. This is a huge gap up again. There's no reason that you need to trade the reaction. but if you want to, you have the option to. Okay. this is insane insane in these levels. This is a huge push 10 push and you guys saw that all in one minute. All right, But let's see if the Bulls hold right. Did my screen freeze? You guys should be able to see me. Is everything okay? Okay, I Do apologize for that. I Got a little notification from OBS right now Okay So better now. Okay, everything's good. What's going on? Spicy Candy bar? What's going on My guy? Um, so let me go ahead and break this down very quickly. So I took a small position in Tiki Cube Well, not small, but um I added to it right? Um, one of the things I love to remind before I even start breaking down the CPI data Port Never be afraid to lock them profits. If you are up on your position and you are, you think it's too risky and it's too scary and you you just want to lock in profits. It's very simple. you click sell, you click a limit order because it's during extended hours. You click extended hours yes, and then you select your limit price. Right now, it's trading between 1935 and 1936, so if you want to get filled, you want to sell closer to the bid. Remember if you want to lock in profits and not give back what you've already made, then this is an option you do not have to sell. but I want everyone watching that wants to lock in profits to know how to do so. I Don't want you to think that you have to hold just because I'm holding. Just because I Do something does not mean that you have to be okay with it. So please do whatever is in your best interest. This is. This is an amazing reaction. So um, this is dope. I Think this is something that the market really needed after this, um, Horrendous Week. I Mean we were shorting the market and it was a beautiful setup. I'm again, you know people always ask Ricky Why do you always close your position right? I left myself with one share on Sqq but my one lucky share that I made yesterday right? I made twenty two thousand dollars shorting the NASDAQ Market Um, and this is the beautiful thing about it is you should never be afraid to lock in profits. Forget about what everyone else is saying I Want you to be selfish for your future self I want you to focus on on you, right? That's all that should matter. Who cares what other money people are making? Who cares what other people are trading? Focus on yourself, right? There's you have nothing but time to get better and you should embrace that so just want to make sure that you're aware. Um, I'm gonna keep an eye on this but I want to break down the CPI data report Uh, for everyone watching this at home. So for those that are unaware overall CPI Rose 0.4 in October For those that are unaware of how that works pretty much, they add point four percent for the month of October and then they take off the previous month of, um, what's it called October of whatever that that was right? So now, uh, moving forward, they removed that one and then they added this one overall. Uh, we went from 8.2 percent to 7.7 percent. The expectation was 8.0 right? Uh, And then core CPI was expected to be 6.5 but it's actually 6.3 Um, when looking at these line items of what went up and what went down again, these are this is just month over month. So pretty much all these line items of food, food at home, food away from home. all of this is pretty much just. uh, give me a second. Um, I'm gonna add another 5 000 shares Again, Just because I add does not mean that you need to shoot and click. Extended hours. Uh, if you have a paper trading account, you cannot trade during extended hours. Please make sure that you are aware of that. It's only I Believe margin accounts and and real accounts. Okay, so on October We saw an increase of 0.6 on food. Um, just on food in general. food at home. We're starting to increase of 0.4 percent. So um, this area is still showing signs of an increase. And then we see food away from home. a Sunday and cruise of 0.9 Now going into the energy sector and energy saw an increase of 1.8 We got gasoline so we were not wrong with that. Gasoline did go up in the month of October of 4.4 we did see an increase. Uh, right on over here of 4.0 for gasoline, all types and one of the biggest increases. Look at that. 19.8 biggest increase of the overall month. 19.8 We saw a decrease in electricity. We saw a decrease on Um utility. what is it utility piped gas services and we saw a slight increase on electricity and going down the list. Again, we saw a increase of 0.4 on new vehicles. We saw a decrease on used vehicles, We saw a decrease on apparel Medicare was Break Even Services of energy and services, saw a 0.5 percent increase, 0.8 percent increase on shelter uh, 0.8 percent increase on transportation services and then a decrease on Medical Care Services of negative 0.6 This is going to be the outlier, right? We we were not wrong in the sense that fuel remember if you guys remember correctly. Um, it was last month I Think in the month of September where it was reported that Saudi Arabia or uh, what is called Armaco or Um or OPEC I'm sorry OPEC uh was going to slow down in their production by 2 million barrels a day and if Supply begins to go down, but demand stays the same, obviously it's going to be more expensive. So we were not wrong that energy was the biggest contributor for for oil, but just all the other areas saw a bigger decrease than than Uh increase. So I want you guys to have a full understanding of what this means, right? I Wanted you guys to understand month over month, what items went up, what items went down, What are the largest contributors of this? What was the largest drop right? So we can see that utility piped gas Services Saw the biggest decrease for the month of October The biggest increase was fuel oil, right? So this was the largest increase of inflation that we saw in the month of October This is really cool to understand because we like to make it simple, right? We like you to understand what is this 7.7 percent made out of? You know? Why is inflation going up? Why is inflation going down? What's being calculated with inflation? and now you know all the line items that are being calculated? So um I'm happy that we're able to do this for you guys. I Hope that you guys enjoy it again. All we literally ask you guys to do is you know to drop a thumbs up if that's not too much to ask. and CPI data reports might sound very complicated. You know, inflation reports and PPI reports might sound very complicated. We're here to make it easier to understand, right? There's a lot of big words that are used. There's a lot of big paragraphs that are that are made to make it seem a little confusing. but like you saw, we just we Skip and uh to the main areas of of what we are actually looking for. And that's the 7.7 percent that was reported and the 6.3 percent for Core CPI So um I love it and I love this reaction because I know so many of just traders in general we're getting. You know I know I can short the market but shorting is obviously not something that we recommend for all beginners. So I know beginners have been getting beat up by the market lately and I'm just very happy that it turned out in your favor, right? I Hope that it did I hope that you guys you know, take this as an opportunity to potentially lock in profits or better like suit yourself in the way that you know you. you know your position size. If you were down because you bought out like twenty dollars or at nineteen dollars now, you might even be up right? Um, and I Think that's the great thing about this is that I want you to put yourself in a better position. This is not the time to get hopeful, right? This is Not the time to be greedy. One day does not define a market reversal, Please this is understand. The ground that you're standing on right? This year has been more bearish than bullish. You're either gonna learn from your mistakes and Implement progress and Implement change to see progress or you're going to continue to do the same thing that's just going to continue to drain your account right. You cannot expect different results if you make the same mistakes and bad habits every day. That's all was that the bottom. No one knows. That's not the question. you should be asking a better question to ask. Brent And this is just my opinion, right? But a better question to ask is I Would I would rather prepare for this not to be the bottom of the market? That's what I would rather prepare for. So if this wasn't the bottom, how would you prepare? You don't have to sell your entire position, but you can reduce your position size at these overbought levels, right? Because any reaction tends to be an overreaction in the stock market. What time does the CPI data report come out? Joshua You missed it I mean Tqq is not up 11 just because it's a Thursday right? CPI is out I'm just going to type it in CPI CPI Report: 7.7 percent core CPI 6.3 percent. Okay, go back to sleep. I like it but you could. You could tell a lot of people's energy changed. uh during the live stream they were enjoying it and I can tell by the people dropping the thumbs up. I mean I Really do appreciate you guys taking time and joining me. Um, it's it's fun. It's always eventful with you guys. Um, and we're making. We're trying to make the most of it, right? So Market is flying. Yeah again. One thing that we talk about within my Learn Plan Profit Group is progression. If you're not seeing progression with the market, you got to be careful. You got to be very very careful if you're not seeing any form of progression. So if we're if we're continuing to see a resistance here at 1970, I'm going to have to lock in profits on my position and just call it a day. I'm not here to over complicate things I need to be very realistic, right? for not seeing progression, then why do you have an open position, right? Any open position is a risky position. So what happened? Party Mode activated. Party mode is only on Fridays and we have to hit over twenty thousand dollars. Yeah, dude. if I had my full position right now, I would be up like 50K 60k. I'm not up a bad amount right? So I'm still very grateful for how much I'm up. but I can imagine how much I'm up there. we go. party hardy. There we go. Caesar Alrighty, we just got over a thousand likes I Appreciate that and again. Friendly reminder: Make sure you guys subscribe to the channel if you guys ever have any questions I Cannot answer any questions if you do not reach out to me so feel free to send me a direct message via Discord and that's that first link in the description. Even if you just want to connect, send me you know, send me a direct message. be like hey, what's going on man my name is John I'm this age and I just got into trading just wanted to you know, connect and I'll reach out anytime I have questions I want you to know I want to, be a resource that you utilize. Okay, so again, it's the first link in the description or feel free to send me a direct message via Instagram and that's that third link in the description. for the reminder, you're gonna get messages from Bots and fake accounts I do not have I I will never reach out to you first. So if you don't reach out to me, just assume that it's fake. Okay, uh, I'll for one thing and it's Lpp and that's the only thing that I offer. Okay, so I just want to make sure that you're well aware of that. Uh, no reason to over complicate it or sugarcoat it. I offer one thing and that's um, Lpp. If you want to learn more about that, it's the second link in the description and it's 150 off right now. So you can watch me trade live every day. Here it goes. Here comes the progression: You can watch me trade live every day. You can see my entries, you can see my exits, you can hear my thought process. Anytime that you have any questions you can reach out. The Lpp is designed for complete beginners, so please make sure that you understand that. And I'm going to choose to reduce my position size a little bit over here. So right now, we're trading in between 1972 and 1973. So I'm going to click 1972 just because I'm more eager to exit. I'm going to make sure that my extended hours is turned on and then I'm going to click sell. So I'm going to sell about 197 000 worth of Tqq right now. So I just sold it. It got filled right away. Uh, I made sure that I sold wherever the bid was right and we locked in a portion of our profit. So I still probably have about five to six thousand shares left. Um, should we reveal how much? I'm up on Tkq? You guys ready for this? You guys ready for it? You guys ready All right? I Need I need to see? Let's do it. No, nothing yet. Everyone bought Tqq yesterday. I don't believe? So um I think a lot of people were expecting for the market to sell off. All righty here we go. So we are up 22 000. There goes twenty two thousand, nine hundred. Oh there it goes. It's Cedar Totten in between 22 and 23 000 on the day. So if I had my full position at 12, imagine if I would have had that, oh man. I probably would have been up I don't know. 60, 70, 80, 000 Maybe Insane, right? But again, you don't always have to have a full position. Um, it's okay with staying light sometimes. I'm going to sell 4 000 shares once again again controlling my limit order. I'm gonna put this wherever the bid is at and that's around 75. So there it goes. It goes. to 76. it's Teeter-tottering I'll exit there I Just sold another 4 000 shares. Remember, if you ever want to sell or buy during the pre-market session, you just turn on EXT So all right here it goes: 23, 551 and 85 cents. Love it! Let's keep it going. Made 22, nearly 23 000 yesterday, another twenty three thousand dollars today. Very grateful for it, right? You are who you surround yourself with and we have a great team with an Lpp, right? We keep things very simple. We focus on one thing and that is Market Direction I Mean we're not here to predict the future. we're here to prepare for it. So if you're tired of over complicating your trading and you just want to keep trading simple, you know what you're seeing right now is very similar to our live trading sessions that we host every morning. So I Trade live every morning. Right at Market Open. It's not once a week, it's not once a month, it's every single day the Market's open. So if you'd like to experience this again, I offer one thing and it's the second link in the description of this video and it's Lpp 2.0 Right now we are running a sale to 150 off and that's the biggest discount that we will offer. So even if you're waiting for Black Friday I can promise you we will not offer it at a bigger discount. We we value the service that we offer and it will not be discounted more than 150 dollars. So here we, um, all right. All right. So is selling such an obvious uh, on such obvious news really necessary? No, you don't Again, you don't. Um, you do not have to sell. Um, you don't have to sell at all. I'm choosing to sell at more overbought levels. Um, what? I'm taking into consideration is the amount of times this year that Tqq has been up over 12 percent has been very rare. I think the biggest day that it's had is 15. Uh, I'm All About Numbers right? And um, how often possibly we can continue to Rally Do I think that Tikihu can continue to? Rally Yeah, of course. but how many times this year has it done that it hasn't held above 12. probably more than five times this year it's had moves where it gaps up 10 or 12 percent, but by the time that the day closes, it's probably up eight or ten percent, right? And that is why I'm taking this into consideration where remember, I am not perfect by any means I make a lot of mistakes I make a lot of mistakes, right? So therefore, I would rather be someone that's okay with locking and profit or reducing my position size at overbought levels. So just in case if we do begin to pull on back I can tolerate that pullback. Remember the only people that freak out are those that did not prepare. We took part of this great. Now if I wait for a little bit of a pullback, so be it right, so be it. Um, I I will not be. you know, discourage or distraught. Yeah, I might give back a little bit because I still have 4 000 shares. but in comparison to the position that I did have, this is a fraction of what I was trading with, right? And this is why we talk about position size within Lpp. So if you don't understand that again, we explain it in the Lpp Lawson library and it's all included in the second link in the description. So we talk about position size never being afraid to lock in profits and you know, implementing healthy habits. So do you answer your DMs on Instagram Yeah, you're welcome to send me a direct message anytime. It's the third link in the description of this video. So all right here we go: I Like that. I Do not believe that you can, uh, sell your options contract before the Market opens. Okay, Oliver I'll double check. Just send me a message saying that hey, I messaged you I was asking you on the live stream if you would and I don't know what you're asking me. But yeah, I'll double check. Uh, what if this thing continues to fly? That's actually a really good question, right? Fernando's asking Ricky what is your mindset going in to Market Open right? Because Market isn't opened yet? It opens in about uh, 38 minutes. So what is your mindset going into market open? what? Uh, what if this thing continues to fly? Uh, if it does continue to fly, then I can always buy more, right? That's the thing that people over complicate uh with trading. It's they think that it's always just one trade and that's all But no right if if anything, you know if I reduce my position size up here and then it begins to consolidate and then right at Market Open eventually begins to take off. I could always re-enter right? and that's the thing. It's like. it's risky, but it's it's calculated risk and I think that's you always want to put yourself in a position where you feel in control. Um, you know if I want to jump into randomly like AMC stock and fingers crossed I hope that it goes in my favor when it reports earnings. You know that's like gambling, right? You're just hoping for the best. We don't hope for anything here, right? We focus on action and we react to it. So just like this, we focused on action. and then you saw me buy into Tkq aggressively, right? It wasn't that I was hoping for something to happen, it's that I wanted and I waited for an opera opportunity to present itself. I did not care if the market was bullish or bearish. it's insignificant to me. it's irrelevant. What was most important was that direction is in my favor and that's the big difference, right? When you can keep your trading simple, that's what I think is most important, right? But it's the simple things in life that people tend to over complicate and the stock market is no exception, right? There's this saying that that goes of what I do is simple, but what I do is not easy and I think that's very well set for the stock market. The principles which I would say Traders should you know trade by are very simple, right? Don't hope, don't trade with more than you can tolerate. Allow direction to be in your favor. Never be afraid to lock in profit, but it doesn't always work out that way. There's emotion attached and we're human. We make mistakes. That's okay. you're gonna make mistakes as a complete beginner, which is why we always encourage you to either maybe paper trade or trade with a very small dollar amount. When you're just getting started, it's always encouraged to trade small so you lose small. You shouldn't be ashamed of that. like oh, Ricky you trade with a lot I don't I don't feel comfortable asking you questions because I trade with a little. There's there's no reason you should be trading with what I'm trading with I Don't care if you got a gajillion dollars to your name, it's irrelevant. You're learning how to trade. Focus on learning Because if you focus on trading with a lot of money, all you're going to try to be focused on is trying to make money. How can you try to do something when you don't even know what you're doing right? It's very simple. so I still have 4 000 shares? Yeah, you can see my 4 000 shares right here. Um, I'm get I'm going to get ready to to sell uh and and I'm not saying any of this because oh, like I'm not even trying to be humble right at all. Like what? I'm what I'm sharing with you is because I've made so many of those mistakes before I failed so many times that I'm I'm you know sharing this based off of my experience of why confirmation is so important. Why do I always encourage people to lock in profits? Because I know how choppy this Market is right? Why during the whole AMC movement did I go against the trend and I was one of the only people that would openly and consistently make videos against the AMC and the Gme people. I'll never be afraid to lock in profits I would trade it right? because Direction wasn't my favor and for me it was a glorified pump and Dub. But how many times do you guys remember me making videos of? Don't Be Afraid To lock in profits, Ignore what they are telling you. Ignore what Reddit Traders are telling you, and now what right? AMC went from 50 all the way down to five dollars. You never go broke by locking in profits, right? So you can either try to be hopeful or you can actually put in the time and the effort to learn what to do. Um, no, please do not ask me for for money, right? Very simple. All right here we go: I'm gonna reduce it one more time. So I'm gonna do 2500 shares here and I'm just going to put it at 76 but it's going to fill me out. Whatever the highest price point there goes. I Just made new highs. Get ready to exit 2500 shares sold. There we go. We're approaching 20 a share. It should be a solid resistance. We're 13 on the day. If you think about it, 13 versus what it is that I'm what I Normally trade with a healthy, healthy day. This is a great day, right? I'm very happy with how today played out, but damn you guys ever do the math I'm like man if I was fully invested I I Love how I'm talking about this as I was just like hey, you know you don't always have to be fully invested I'm human, right? I I Make these silly mistakes from time to time. so I'm actually gonna sell out of it completely I'm just gonna be okay with getting out. So here we go. if it begins to take off, I will re-enter so I Leave myself with one share every single time I call it my lucky share and anytime you see me trade Tqs and ask Keys people get so offended like Ricky why do you leave one share What's that one share for Ricky What's the significance for that one share? Nothing there's there's I just it's a stigma that I have right I just I like having the one share. two thousand, twenty three thousand eight hundred and eighty nine dollars and seventy cents. That's what I'm at right now. All right No, we will actually updated it now where you can I can sell my one share and it'll still show the profits it used to Weeble used to I used to start it with or the reason I used to do the one shares because Weibo when you would close out your position it wouldn't show anything anymore. so I would have to leave one share to be able to like do my recap videos. but now we will fix that issue. So Weeble's been updating the application so so often. so I I Love Weeble This is the trading application that I use. It's free and remember, if you guys ever want to download the Weeble trading app, you can have more than one trading application. It's free for everyone in the US and it's the fifth Link in the description. Even if you just want to check it out right, you don't have to sign up right now. But click the fifth Link in the description and you can earn up to 12 free stocks when you deposit over one dollar in your trading account. So again, that's that fifth Link in the description and you do have to use my link if you want to be able to earn up to 12 free stocks. but you do also have to deposit more than one dollar. So all right. so Ricky is the market going down in your opinion? Dude, I'm not here to I Mean based off of previous direction, right? it's been very, very bearish. So is the market going down in my opinion? I Mean it's been going down right? So I could see that this would be a significant you know reason on um, this is a significant push, right? If we look at QQQ on the four hour time frame, we could see that it pushed up above the moving average and the only time that it's ever broken above the moving average was back here and then also back in. What was that? Uh oh yeah, that was back in September. So so Ricky Why did you purchase L Uh, Tqq? Appreciate your feedback? Uh, direction right? It was made very clear that direction was in our favor and we started adding to it. One Direction was in our favor. That's all. There's nothing else to it. So I got in and I got out and it. looks like we're about to make new highs above 25 a share. so obviously going green news. uh for good CPI Data: This is dope. I mean I Love it I love seeing this What? Tiki Cube beata resistance. It can be all I have to say is we've talked about it so many times. I Really hope that you guys are I Really hope that you hold yourself accountable. Okay, right now is up 13. It's nearly at twenty dollars a share, right? I Do not want to hear any excuse on why you didn't lock in profits I'm serious, right? Just like we talked about it in advance: if you do not have a stop loss when the Market opens, if you do not have any form of Exit Plan I have no sympathy for you. You put yourself in a position that you prepare for. and if you don't prepare for a position and or any form of risk management, no preparation is a preparation to fail. You either do it now when Market direction is in your favor or you never do it and I'm not here to sugarcoat it I'm not here to give you a a medal for for effort, right? That's great that you're trying, but you could always do better and that's always what we're aiming for. I'm not here to expect that you're going to be perfect your first time around. There's no such thing as being perfect, but hold yourself accountable. If you are crying. If you were uncertain when T QQQ was at 17 dollars, then do something about it so you don't go back to Seventeen dollars have a have some form of stop loss trailing stop Exit Plan of hey I'm gonna give Tqq some cushion to move around, but if it breaks below the EMA I'm gonna exit right I'm gonna exit after that I'll reduce my position size I Don't care what it is, but please do something for your future self. Don't even do it for you now. Do it for your future self. Don't do it for me. Don't do it for other people because that's what they're telling you to. do it. Do it for yourself. Do Not put yourself in a position that you can't tolerate. That's all we ever say. Position size, Position size, Position size. I Can take advantage of the riskiest trade I Can choose to trade the riskiest trade. but if I buy one share and it's a very small amount, a small position size is a form of risk management, right? Controlling how much money you have open in the market is so crucial. We talk. There's a whole section within Lpp that we talk about this and we focus on this: I Cannot stress this enough. It's for long-term investors and even for Traders, position size is crucial and if you know nothing about it, that again, you're just making trading more complicated. Uh, can I ask you the other question: how many of you guys are invested in crypto and Bitcoin have you guys have you guys seen what's been happening? How do you guys feel about that I want to check it out real quick. Oh you guys I mean are you guys invested? Whoa. CPI Data report didn't just help out. Look at that. It did not just help out our Market it helped out the crypto market. Look at that from 15 this thing was at 15 yesterday. That's a huge return. Jesus God Damn yeah. 11 percent. All right there he goes. beginning to curl over. All right I have 19 move correction is coming I'm in fifty dollars off of ether so I reduced my position size. Yeah so I mean I'm invested in crypto but like very little right? I wouldn't Even when people ask me do you invest in crypto I have such a little money in Bitcoin that I'm like yeah, no, it's just it's easier for me to say no because I don't even want to entertain the conversation. You know what I mean you guys ever have this people that always ask you about are you in Bitcoin I'm just like no I guess I don't even want to I don't even want to talk about it I barely have any money in it and um, it's just crazy, right? It was very unfortunate. It's crazy to see off of out of the sidelines. and yeah, I have a little money in it, but nothing where you know it. Dropping 10 doesn't mean anything for me. Um, but yeah. so people sell good news and bad news. Just take profits when you can I like that. So why is the dollar falling? Yep, something we'll have to look into. So we have a guy named Adam saying sell your coins on FTX and withdraw USD on your withdrawals will go through and your and your withdrawals will go through. That's cool. Yeah I Heard a lot of people had their money stuck in uh FTX because of the liquidity issue I Think it's crazy. It's crazy what we see I mean if we've seen it with like Voyager and we've seen it with FTX it's kind of asking the question of like, you know what other platforms are this heavily leveraged. It's kind of like the 2008 crash right where we saw like Luna drop and it crashed like 99 and then now we've seen FTX crash and that's been like you know, 90 What is it like 94? Something like that? Um, it's crazy. It's crazy to see all of this happening. So um I I Don't know much about Crypto, but I Feel like this pullback has excited me about it because I wasn't very heavily invested. Look at that. Look at that. Big T big Tesla big Tesla in the green. Oh I'm up on this one too, but I'm not up. Oh I'm up. probably No. I'm still down on my overall position. Very true. Yeah, so my average purchase price is 200. for uh, Tesla Tesla's a long-term play for me. We got Amazon I did buy Amazon recently so I'm up a thousand dollars on that. Love to see it. we have Google so 92 on that one. All right. nice Gap up. But again, we have this very simple saying: I don't want to take too much of your guys's time and I have to close out this live stream. Uh, because I'm going to be trading with my Lpp team, right? So they are the only team that get to watch me trade live right at Market open. So if you do want to join, you don't have to. But you could even watch me trade live as soon as today. It's going to be the second link in the description down below. So I trade live with them every day. You get access to the A2Z video Lesson Library You get access to the private group chat, you get access to the tech buds HD and you get access to our daily live training session. It's a second link down below. It's our biggest discount. It's a one-time payment lifetime access and you know it's a very simple question you could ask yourself. You can definitely learn how to trade on your own. I'm never going to sugarcoat it. You know, feel free to to try to do this on your own, right? It's just hard to trade on your own when you don't know what you're looking for. So the whole point of Lpp is to provide you a template in an organized fashion to condense the time that it's going to take for you to learn. So you can either try to learn from your mistakes and how much money will you lose and how much time will it take or you can ju you can choose to join our team. It's very simple, right? It's all dependent on what you prefer. Would you rather learn a little bit more efficiently and quicker and work with me and watch me trade Library day? Or would you rather want to do this on your own regardless of what you end up choosing? I Hope that you could subscribe to the channel, but if you end up choosing to join, then I'll see you for our live trading session. Uh, within? Uh, mark it open so that's at 7 30. That's going to be in about 21 minutes. So once you do sign up, if you do sign up, it's the second link down below. And then once you do sign up the first three videos, just watch them. It's going to explain to you how to get access to the Discord and how to get access to the Daily live trading session. So I really do appreciate you guys's time. I Hope that you guys enjoyed this CPI Data Report Live Stream Please make sure that you subscribe and I encourage you if you have any questions whatsoever. I can only assist you if you send me a direct message and that's going to be the first link down below. and if it's a non-trading related question or you just want to follow me on Instagram it's the third link in the description and yes, I am verified on Instagram And yes, that is my only Instagram account. All the other ones are fake. So I really do appreciate you guys time. Hope that I earned your thumbs up I Appreciate the 1500 people who took time to you know, subscribe and drop a thumbs up on this video. It really does mean a lot and I'll just see you guys on the next one. Like always, let's make sure that we end the year on our green now. take it easy Team Lpp Traders I will see you in a couple of minutes I'm just going to restart and make this live stream private and then I'll send the link in our Discord Take Care.
Looking better than ever now. Hopefully, this isn't just because the midterm elections are done. Excellent coverage, Ricky! Cheers!
sold my next week 50 sqqq put 59 option at 52 too early too. wish I hold them longer. it would be another extra 20k gain but a little gain is a gain
I wonder how much a smart professional guys like u made this day
Did you hold about 4000 SQQQ shares from yesterdayโs trade?
We want party mode
Great breakdown!! Thank you Ricky !
I'm no longer seeking for the EU Grant ! because I acquire $26,700 every 14days with a platform in town..
I have joined but not sure how to get to live trading. Thank you for your help.
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Are u trading options?
just got into trading in October, all this green is nice to see!
short it. the gap wont last today due to the high interest rates.
profit kept ๐ข afraid of this market
It is crazy when a less hot inflation report is seen as good. Inflation is still on a massive rise…like 3/4 throttle vs full throttle….just at a little slower acceleration but still accelerating
It's no longer a story that the world is experiencing a global economic downturn, I'm so happy that I've been receiving $64,000 from my $15,000 investment every 8 days
Rothbard calls this "the crack up boom"
Boom
Ricky should look into making an app or website
Market is boom ๐ฅ
Thanks for your work, you are doing a good job,
Goodmorning Ricky . Thanks for being the best ๐ค๐ฝ๐