Foreign Happy! Friday Hope that you guys are all having a good start to the morning. Let me go ahead and start sharing my screen with you. so it looks like we got ask Kiki Q showing signs of a slight resistance up here. So again, uh, make sure you watch your position size very very carefully to see if we actually begin to see a change of Direction So let's see, we're testing EMA support here.

At 35 dollars for Sqq, it's been an active support range, but it looks like we just broke below. Let's see, can we see some lower lows? Oh, watch for the support, watch for the support. 34.97 See what we've got going on here? 34.96 3504 35 Art Look there it goes. Popping off once again.

Oh here it goes. Here comes the drop. So again I reduced my position size completely on Sqq I Want to make sure that I show you guys this again I've been um I've been very active in the trade ideas during this pre-market session. um I thought today was going to be a very significant Market was very overextended.

you know I felt like the market just needed any reason just to kind of like, you know, drop it right. especially after what happened yesterday with quarterly earnings which I think again is just adding more fuel to the fire. So I'm very happy that I was able to um, you know, wake up early and and get to trade I started trading I Want to say three hours, Three and a half hours before the market even opened. So I really enjoyed that And yeah, it was a lot of fun.

So I hope that you guys enjoyed it I don't know if you guys saw it. a value in the trade ideas I Try to keep you guys up to date with the different economic reports that were set to be released. My job is right the way I view it is just to keep you up to date, not to tell you what to do, but just to Simply keep you up to date and I hope that you saw value in that, right? So let's go ahead and see what we got going on. Okay, so we got TQ beginning to rise just so you guys could see my Sdq position.

Um I left myself with my one lucky share and I have 20. What is it? 21 300 on that one. So I'm gonna allow it to bleed I'm gonna let the sucker bleed as much as possible I'll add I took a spot position on Ttq Cube um during the pre-market session because I saw that it began to show signs of a support. So I'm gonna see if I'm gonna add more to it.

Looks like we're seeing a lot of buying pressure right now, but um, obviously we're approaching that resistance. so I might just consider selling just to play it safe. You know? So lots of Valley Ricky Thank you thank you for the trade ideas updates. Yes, it was valuable.

Yes, it did. Thank you Appreciate it. Yep, very happy that um, played out well for you. Why not short? ask? Kiki Q So there's no reason to short something if you don't have to, right? Why would he short something if you can just go long on something else.

It just doesn't make sense when you and you know you run a higher risk of shorting something because of short interest. uh, fees. So yeah, it's insane how much non-farm payrolls missed. Yeah, it is right.

So we talked about it I just uploaded a video on YouTube Um I don't normally upload before I Go live. but I thought it would be very significant for a lot of people. This is a very significant report of the number of jobs that have been added to payroll. 517 000 jobs are out of the expectation was a hundred and ninety thousand.

That's more than double like. that's not a just a small Miss right? Uh, that's like double of of what we would expect I mean jobs are doubling. So I thought that was very important to know and okay, we are approaching this overbought level. Once again, let's check this out.

Tesla In the Green sheesh Tesla is in the green Tesla's not giving up 189. It's like the rest of the market can fall. Not me. Apple is coming back too.

even after Poor Earnings right? Apple is coming on back. It's down one percent, but that's not too bad. Amazon's still hurting 5.5 on the day and then we have Google down four percent. So it's good to know, right? Uh, keep it light, keep it tight.

What's going on Greg Hope you're doing well, man. So is that report good or not? So that's the confusion that a lot of people have, which is why I uploaded the video that I just did. but obviously I'd love to explain it to you guys. So the report is good for the economy, right? It's showing that more jobs are being created, more people are getting hired right because lots of people, um, or I mean more payrolls, right are being claimed.

The reason that this was not a surprise to me is because we have an initial claims and continuing claims report every week and that tells us how many people are filing for unemployment now I Understand that everyone that is unemployed isn't necessarily filing for unemployment, but it's a very common thing. It's a very popular thing to do now, right? So I I would say that it does have a lot of weight and a lot of reasoning behind our people. you know, losing their job or are they getting their jobs back right? or getting new jobs. And the initial claims for the past month have been lower and lower and lower every single week.

So to me right, just like I explained to all of you guys, it was very easy for me to assume that unemployment right? People ask me this all the time and I I shared it in the trade ideas. We gave this exact definition. We see initial and continuing claims decline in week after week from month straight. How can you expect that overall unemployment is going to be down.

That just doesn't make sense to me. I'm selling 2500 shares right here of Tqq Foreign are you having Tiki's I am not? No. Well, I'm not based off of my average position size. so I'm in with right around.

Um 100K So it's that's about 1 4 right? That's about 25 of what I tend to trade with. So if you trade with ten thousand, that's like you going in with 2500. It's all relative to your position size. I Saw the GTR the other day in front of tech but so it's kind of Lorenzo What's up, What's up? Yeah, we just got it detailed yesterday.

Uh, we like to go take some cool photos of it and um, yeah, I'm excited to get some content for you guys with that GTR and most importantly, getting it ready to give it away to hopefully one of you guys, right? So that would be I Think the the great thing foreign here it goes. testing that same resistance. Beautiful. I'm not going to be greedy here.

I'm just going to lock it in. No reason to be greedy, right? It's a Friday right here to make it happen, Not to be greedy forever to try to nickel and dive an opportunity. All right. So Qeq I might want to.

Uh, re-enter let me double check. I've never seen you crack me up man. Yeah I know I think it would be really cool so so thank you for showing it up. Ricky Don't forget haircut next week.

Yeah, my hair growing back a little long. Okay, thanks for calling me out. Okay so for those that are a little bit newer to our team, you guys are gonna experience what party mode on a Friday is because I just locked in profits on Tqs as well. So I'm up 5 371 on Tkq and I am up 21 000 on Uskiq.

So as long as I don't give it all back, we're gonna have a nice little party mode. so ask Tvq oversold. I'm gonna take a small position 34 000 on that. Foreign people joined in for the first time.

Like when this is gonna be talking about party mode, you're not even ready even ready 25k baby locked in profit on Tesla Don't go broke by locking in profits I like that. So Ricky which is the thing I like about you is that you're not overselling any counseling. Everybody does that. You're just human, not perfect.

and it's okay to make mistakes of course. And I made a lot of mistakes yesterday, right? Um, I Had to recover from it and it was a tough challenge, But again, my biggest thing was position size. Uh, some. And and I saw someone in the in the main chat.

This happens every single time that I trade that I start off red and it's a pretty significant red trade. but then I recover right? We all have a hundred percent of our account to work with, right? We all understand that we all have a hundred percent of the account to work with. Um, your 100 is different than my 100, but we all have a hundred percent. So when you take a position, that's a percentage, you know of your overall account.

And yes, I have more money than the average person that's trading rightfully so. I've been trading for a longer period of time, right? I'm not a beginner. Um, so nonetheless, it's it's all about how you manage your position size. There's an excuse of Well Ricky you're only making your money back because you're trading with hundreds of thousands.

but again, the same thing with your trades. it's it. Doesn't matter if you're trading with a thousand dollars if if my 50 is equivalent to your 50. The only thing that I did better right is that I manage my position size better.

So if you go in with the full thousand, but I only go in with 100K but 100K is one-fifth of what I tend to trade with. Again, the excuse is not. well. Ricky you're you know you're trading with so much more, so it's easier for you to make money.

No, it's just as easy for me to make money as it is to lose money. It's all about position size, right? It's all how you manage your entire account size and you spread it out into positions, right? You don't ever have to be a hundred percent invested. In fact, let's make that a habit for 2023, right? It is so, so crucial because it's not on the best case scenario that I'm worried it's on the worst case scenario. That's what.

I'm concerned about your position size because what follows: If you're very heavily invested emotions, poor risk management, it's very easy, very easy to begin to get emotional and irrational when things begin to go south. It's very easy to talk big game, but things are going well right? So I've added 2 000 shares to my SQ position. I'm going to add another 1 000 shares here. so I'm in with a total of 100K that's equivalent to about 25.

Again, we're oversold. I See there to be good upside potential. It's going to be almost the one for one right now. So my upset potential is about uh, 2.75 My downside is 1.89 but again, my position size is 25 so it's something that I can tolerate.

even if things do get worse before they get better. I see an opportunity I'm ready to strike what is the goal for the day. Stay Green Stay light I'm not I Don't want to be super aggressive with any more of my trades today. I don't need to be I was aggressive pre-market um I will I mean you might be like, what do you mean you're not going to be aggressive.

you're trading with 100K right now and it's not. There's no confirmation like I mean I Don't need to go in with half a million dollars on every trade to feel like I have skin in the game I Hit my daily goal I hit my weekly goal I Need to understand. You know the the condition, and respecting the NASDAQ Also, you know we've peaked. um I I Can't say we've peaked, but you know we hit highs of six percent for us.

Kiki Pre-market that's pretty high and that's very early on and I don't know if the Market's ready to sell off to the very early stages, right? So one of the things that I talked about when I was shorting the market is: you know Bears Still do not have ground to stand on in being super greedy, right? We could see that overall we're still above the moving average and we're still above the EMA on the one hour time frame. Now in the 30 minute time frame, right? we're still above the moving average. So overall, everything is still supporting the Bulls and this is what I need to respect, right? Which is why I was okay with trading Tqq for for part of it. Um, so it's just a reminder that you know: understand the conditions, understand the market sentiment, understand that you don't have to be fully invested in your trade.

So and right now, right we're testing support. It looks like it's gonna try to re-test the same support range for Sqq or same resistance range for QQQ What is your weekly goal I don't I don't have like a weekly I mean if I if I can make you know 25k on a weekly basis, that's amazing to me. I made 25k today. That's the thing that some of you guys might be like.

well how does that even make sense? It's just like put it, it's just there's days like this that just hit and that do really well and this is where I build my cushion. Um, but on average my biggest Focus I mean the thing that I know will really determine my successes just to not be making the same mistakes as as simple as that sounds, it's you know. after today, right after I'm done with my trading I'm going to journal my recap on the week. You know in a journal, you know what did I do? Really good in what did I you know what are areas of opportunity and I'm going to highlight those areas of opportunity.

So next week I I'm just reminded right well how and when did I feel good? How and when did I feel bad? What could I have done better? What did I do Good right? And week after week again. I'm just refining myself, trying to get better. Not perfect, but just a little bit better, especially as market conditions continue and continue to change. I Look at overall markets based off of you know, short-term time frames, but also long-term time frames.

I take into consideration macroeconomics and then macroeconomics right? How are we going to do? maybe in the next week or two, how are we bound to do in the next, you know, month or two, understanding that we're if we're oversold and overbought. I Was thinking of adding a group a new section to our Discord that just has to do with my long-term plays because I want to make sure that you guys understand that there's a big difference for my day trades to my long-term plays and I want to make sure that you know markets are very oversold and investing long term in my opinion is super super valuable. and I think that's where a lot of money can be made long term because that's where you know more people are more comfortable investing. But there's nothing wrong with the trading right as long as you have the right skill set and the right you know criteria.

So um, something that I'll have to follow up with And there it goes. Big drop. So I'm gonna keep it at where I'm at right now with there's no reason that I need to add more. Obviously it's like oh look I can get it a little bit cheaper I can buy another 100K and then another 100K but then again, that's just a a domino effect of something that can lead to something much worse.

So I'm gonna wait for it to begin to show signs of a support and then you know if we can we can form that we can choose to add more when it makes sense, right? You put a stop limit I'm not scared on my position is not anything where I'm worried right? I have the cushion for the day I'm in my position size is fine I can literally Buy four times of what I have five times of what I have right now. So again, I'm very comfortable with my position size I have a good cushion with my profit and my position size is fair right? So I feel comfortable I feel in control and that's what I think is important. Why does the market instantly give back the movement from the reports? It does it does very often. Again, this is why it's this is why I Love to remind our traders to not be afraid to lock in profits I've experienced it so many times where sometimes it does it right when the Market opens and then you know that's the very upsetting thing or there could be a very clear Direction uh pre-market and then right at work, it open.

Direction Just ultimately changes and it's frustrating. It really is, but at the end of the day you can become super emotional about that. But it's like that does you no good, right? Like what does being frustrated about the market do for you? Nothing, It's you learn to work with what you are given, right? So I have a margin account. kale if you're asking, don't lose that 25k day I'll try not to I kept blocking the profits on Tesla I Like that Tesla is running today.

it's at 195. nearly doubled in just one month of trading. I Mean it's still under one month because it's from January 6 when Tesla began to take off. So January 6th we have three days for Tesla to gain five dollars.

Five or six dollars and that would be a hundred percent return in one month for Tesla I'm saying huh? Isn't that pretty crazy? I Like seeing the Bears get defeated So Satisfied Omar You can't be saying that stuff homeboy. All right. So it doesn't. It doesn't take away from from you, right? You can make money on both sides.

That's why I don't I don't Anytime that someone gets offended by someone else, it's It's normally because, right? they feel like you're taken away from them. If I'm shorting the market and you're making money on Tqs, It's not that you're taking money away from me, it's I have just the same and equal opportunity to go into Tqs with you I just chose not to so just make the decision right or close the position altogether. I did another 500 shares I Like that futuristic, super pumped to hear that uh, you started buying that one. Tip: Congratulations, It's very impressive.

Pain is imminent. Equal opportunity letters No, you didn't. You didn't defend anyone anymore. Uh.

I Just just want to remind you all right, what do we got going on? We're at 115. testing pre-market support I'm gonna give it a little bit more time before I just continue and continue to add more to it. We got Apple in the green and look at that. Apple's looking overbought Amazon is looking overbought.

This one's looking bullish but very overbought right like that. RSI it's trying to make a comeback. Oh no. All right.

Well, now this is more reassuring for me. Um, to get into Sq's So give me a second. Let me get that confirmation. So this is going to be about fifty thousand dollars.

Okay Papa You being happy now? Nope. I'm still in with less than 50 percent stolen with less than 50. How did you build your mindset of letting your runners run? It's not a I went into it was a mindset Dante it's I probably I mean your pro. You're probably experiencing the same thing that I was right I made the same mistake.

it's not really a I don't want to call it a mistake so I would lock in profits and I would see that hey, my, the stock that I was in was continuing to run. It's a very simple concept where I would hear like allowing your Runners to run but sometimes people say that sometimes people would leave their entire position and I was like I'm not comfortable leaving my entire position and again, it's agree to disagree like you can have your own approach right. You can take a concept and put your own approach to it. I was always a little bit more conservative and I wanted to focus on that I didn't want to try to copy someone else just because someone else did something.

So what I began to do is I would reduce my position size at overbought levels. but I would leave a portion of my position knowing that it could potentially continue to run until a break-off pattern and that's all I would focus on. Um, you know that's where the the focus started in in Breaking Not a bad habit, but just trying to get a more effective exit. And that's it, right? Because I know I I I knew that about myself that I would sell very early and I was like, okay, well what's a solution for this, right? How can I accommodate this this small problem that I have? It's not a horrible problem, it's I'm still at least locking in profits.

But um, you know it was something where I wanted to test adjustments and this is the thing that I love reminding you guys, it's you know you'll never be perfect and as you get presented problems or areas of opportunity, your job is to identify them so you can work on them. Not that you need to be like oh, this thing needs to change Now it's you can begin to test things as time goes on. It's all about trial and error, right? You identify areas of opportunity and you work on them and just getting better. Not perfect, but just better.

Foreign is amazing I'm loving everything about it. Thank you Austin glad you are in a world full of problems. Be a problem solver of course. here it goes.

Going back to retest so this time I will be making adjustments if we break below I will reduce I'll reduce three thousand. um I just need to take it into consideration. So I'll reduce half of my position. So I'll put myself back to a 20 position size and again, it's not like oh my.

God I took a loss. It's the end of the day, right? Or the end of the world. It's a temporary loss. That's the way that I view it.

It's a tougher pill for me to swap. It's an easier pill for me to swallow. What do I mean temporary loss? Well, you know I'm cutting losses here just for the potential idea that you know it might continue to sell off. and I don't want to have all of that money add in more to what what has caused me to lose money, right? So it just means that I'm just going to pause my re-entry I know I Know that I can prepare for when the market does recover right I know I'm going to make money when it does.

I'm sorry when Sqq recovers, but it doesn't mean that I just have to block a bag. hold blindly and that's what I love reminding you guys. it's um, you know you have options you have options to on how to do this. So there we go.

3364 that is. pre-market support range. Yeah, I see this so that's what I'm looking for. Are we going to break below that support range so we are oversold? but again, patterns tend to repeat themselves.

They will not always. So this is where again I'm just being cautious I'm mitigating risk I'm managing it. It's not that it's the end of the world Yes I I have given back 2K right? I'll probably give back 3K but it's letting the market borrow my 3K it's the way that I view it. You know I will take it back at a later time when the Mark when you know I see things meet my criteria and I'll make it back plus and then some, right? I am using the Weeble trading application so I did not use to us so it's I've used this for over a year.

It's my favorite application. If you guys want to download it, it's free for everyone in the US I explain it in the course. it's what the entire course is around and it's the fifth Link in the description down below. So if you want to download Weeble and if you use my link I just want to remind you you were, you will earn up to 12 free shares and I earn one free share.

So it's a win-win for both of us. So three minutes until the Ism. Yep, ish Market Services Okay, okay the Ism Non-manufacturing index and that one's pretty significant so we shall see how the market reacts. Testing support here locked in Profit 308 on T QQQ Rats Jeff Congratulations happy to hear that you're doing well.

Foreign: I Like this one. There it goes. Report is out there. We go reduce it very quickly just to stay a little bit on the Lighter Side you can always re-enter we're approaching EMA That was a really good exit for me.

Wow, that was really good. So I sold 3000 shares which is about a hundred thousand. There it goes testing EMA again Bears Be careful, right? Okay, so we have the IHS that came out at 46.8 but that's the last important one. So we have Ism non-manufacturing watch for the break, watch for the drop, watch for the drop.

Here it goes: I'm very glad that I was quick to sell. You guys saw that very quick exit unlike yesterday, right taken away from what happened yesterday I Pushed up very quickly to the moving average close to the moving average I hesitated and that's what led to my original Green to Red Train right? Very little simple improvements we can make on the date today. Uh, 55.2 versus expectation of 50.3 Okay, so it came in hotter than expected Market's not liking that. Here it goes: Testing: EMA Testing moving average I Get it I don't need to go in super aggressive.

so we're testing the same resistance right around 34-41 so it's really 34.50 that I want to break above that's going to be more significant. So I'm actually going to and you gotta know, some of you guys might not agree with me. Yeah I think I went through the rejection. Look at that rejection.

locked in profit.ask Done for the day I Like that. So what came in hotter than expected? the Ism non-manufactured index. The report was just releasing again. This is all available on any economic report.

It should be tracking that. Here comes the drop. The Bulls are trying to come on back. Okay, I'm like you know this is setting up I'm just gonna do a thousand so a thousand shares staying a little bit more on the relative Light Side of Things Oh shoot.

I'm super short on time and I forgot about that I do have to do party mode because I I told you guys that I would um today. Uh, me and the team are gonna be meeting at the hangar for those that are unaware. I just got a hanger. uh for the chat.

So I used to park it outside. Um, it's called like outside parking at an airport. it's inside the airport. but it's like, you know, not in a hangar.

Um so we got this new hanger. we parked it in there, we set up our our couches, our dust and we're going to work out of there for a little bit today. and um I'm gonna, you know, just trying to change the environment I was thinking of um yeah, just just switching it up. So um I'm gonna play some music.

we're going to close out today. Um and yeah I mean I I Feel like today was a pretty simple trading day, right? A lot of it has to do with economic reports. Right now, we're forming this reversal and remember, although I do have a goal of selling up here, this is a lot of this movement came from um, you know that job report and I just don't know if we're going to have that same momentum to continue. QQQ would really have to begin to step on its selling pressure right? and if we do break below again I Want you guys all to be aware of it's a before party mode and before messing around if we break below this EMA we have the potential to running back down to the moving average I Want you to be aware of that? This is QQQ on the 30 minute time frame.

Okay, so now we understand the big picture. NASDAQ is overbought. It has a lot of as pullback potential to the moving average, but it's still bullish. We're waiting for confirmation of that.

If we get that confirmation then I can always re-enter to short. Once again, it's just we're teeter-tottering within the support. And that's why I'm kind of indifferent about it right now. Okay, so without further ado, let me get a good song real quick.

Ah, let's see. let's see. I'm gonna get demonetized there and stay okay. Got it? I Don't know how ridiculous is this.

Imagine trading like this every morning, only on 20K days day days ready to add more to our position right waiting for confirmation. I'm getting too excited with this music. This is why I don't trade with music. Get a little trigger happy here.

We go here. we go hundred thousand. Oh no, let's wait for confirmation here for your guys's position size waiting for the break below. So if we got that confirmation, Macd is looking good for QQQ but we are still confirming lower highs as of right now on the B drop.

I Like that. so John's like you'll be laughing at yourself in 20 years from now I am laughing at myself right now I I can't look at myself like I have my secondary screen over here um on on this side and I see myself on my camera as I'm like bobbing my head and just like dude I am too old for this I I cannot be doing this but um again I Like to have fun with you guys. You guys are an amazing group and I know some of you guys again. just it's a Friday I like entertaining you guys anytime that we clear over 20k.

Uh, profit on a day you know? um I like to I like to celebrate with with each and every single one of you. So I appreciate you guys putting up with my foolishness today. I Hope that you guys enjoyed this live session. If you guys did, make sure you drop a thumbs up.

If you have any questions, you guys know exactly what to reach out to me via Discord and that's that you know. Um, well, you guys are part of all. PP Discord So just direct message me at any time. I Do want to remind you that you guys get 20 off Lpp just by using promo code Lpp at check I'm sorry 20 off of Tech Buds apparel? it's the fourth link down below.

I Do want to remind you today is the last day to enter the Apple Watch Ultra giveaway. I Would love for one of you guys to win. We don't run ads to these again, it's just the people that follow us. So make sure you use your coupon code, make sure that you if you want to enter, make sure that you order by the end of tonight at midnight and you will get automatically entered to win the Apple Watch giveaway, which will be the giveaway winner will be announced tomorrow.

So um I really do appreciate you at this time. Um, you guys know how to reach out to me. Uh, if you guys want me to repost you on social media, just make sure you tag me. Stay light, Stay effective.

Remember, don't put yourself in a regretful position. You have nothing but time to get better and just let's focus on building those healthy habits. Let's have fun with what we're doing. And I think the best way to have fun is to not take it too seriously.

Meaning again, control that position size right? If you get too aggressive with your position, you're gonna. It only takes one bad trade to really ruin the day, right? So I really do appreciate you guys time. Hope that we're a thumbs up. Please consider subscribing Now it's not a YouTube video.

and like always, let's make sure that when the year on green now take it easy.