So at one point today I was down over ten thousand dollars. What's going on? Team? It's Ricky with techbook Solutions But the market then began to indicate signs of recovery I added more to my position size just like I announced to our learn plan profit team and I made back some of what I was down I locked in the trade or closed the trade pretty early on I Originally did transition into the green, but then I re-entered a trade, went back into the red. But just like I've said so many attempts before I'm not a perfect Trader I'm not here to pretend to be right I Have my green days I Have my red days And one of the things that we love to preach is if you can't accept the red days, you haven't earned the green days. It's literally that simple.

So all together on the day, I'm down 3.4k So three thousand, Four Hundred dollars! This is following my 17 000 gain yesterday and my 24 500 gain the day before again. I tried with over four hundred thousand dollars. So yes, it is still like a lot of money, right? I Remember in a month I used to make three or four thousand dollars and now I can lose it in a day and sometimes I'm even down more than that, right? Uh, but I also have very successful green days, right? So it all puts things into perspective where don't put yourself in a position in which you cannot tolerate, you have nothing but time to scale. So please remember that you don't have to rush into this and try to make it or break it as you're just getting started because most likely you're gonna make mistakes.

You're going to discourage yourself and if you lose a lot of money early on, you're not gonna have the confidence to continue. So this is why we always talk about trade with as little money as possible when you're just getting started so you can really focus on just learning how to trade. So and so you can see I have no open position on Sqq I didn't trade this one today. Uh, overall just my one lucky share but wanted to show you on TQ very quickly.

Uh, just it was almost perfect, right? because I think when I recorded my first video today I talked about how much I was down I I talked about that. Hey, you know we're very oversold. I'm waiting for this reversal one to step on the gas and it played out beautifully. I mean if you actually look from the overall lows to the overall highs, this was an over five percent move and this was a beautiful setup for day traders that waited and I simply did not wait right? Um, I Continued to take trade after trade and have to cut losses on you know when Direction wasn't in my favor.

It was a very simple principle yet I just again failed today. uh to stay committed to the idea of waiting for proper confirmation if you're part of our Lpp team again, there's the three stages of a reversal, rejection, consolidation, and then breaking above the EMA. In the moving average, there's a confirmation. It's literally.

again. you don't have to catch the full five percent, even if you cut from the EMA to lock in profits. At 23, that's still nearly a three percent move. And guess what? it's still a better move than being in the red.

And that's one of the things that I want to remind you so I Wanted to talk about one of my trades but also wanted to talk about where I see the market going right now? As we've talked about, we are showing signs of the support on the NASDAQ Market based off of the previous resistance range of 290 right? Previous resistance, previous resistance, previous resistance, right around 290 old support. Now going to where we're at right now. We found a support for a short period of time around 290. We went to test the resistance at the EMA line.

It was too strong today and then it's been getting rejected. So I'm excited to see how we do on Friday which is tomorrow. Right when it comes down to economic reports that are set to be released, we have Pce prices which is going to be pretty important and we have personal income. These are all going to be released one hour before the Market opens and then I Do want to remind you that 30 minutes after the Market opens, we have the new home sales meaning the new, the number of properties that are new that have sold at least for the past month of January and those are to be reported with the expectation of 620 000.

And then we have the Michigan consumer sentiment report. Not very important, but nonetheless the expectation is 66.6 But altogether I think the the siding factor is really going to be how we end the week. What? I'm still looking at and again I Don't want to over complicate this video I Just wanted to make sure that I shared my red day with you guys. but that I remind you of this support zone right around 292 290 for QQQ and this resistance range right right around 300.

That is what I call a critical point. We are trying to see if we're going to break above the resistance of 300 and then go back to retest the 310 or if we go back down here at 290. if we break below that, then we're going to head down to the 287 that we've been talking about of testing our support range. If you look at this on the day chart, we're again at this critical point where we're still above the moving average.

We're still above the EMA. But if we break below this support Zone then again, it's a long way down and that's when the short sellers are going to come in and that's where I'm going to choose to join the short sellers if we break below the moving Edge But as of right now, we're still holding above, which again, there's still hope that the market could recover, but inflation data is looking a little sticky. It's looking like it's coming in hotter than expected and it's 2 early to tell, right? We still have nearly a month until the next interest rate hike, so just remember that so don't over complicate your trading for the next couple of days. As of right now.

Support: Zone Resistance Zone Allow direction to be a little bit more clear and don't be afraid to stay. cash, right? You don't have to always have an open position, You don't always have to feel like you need to be in a trade every single day, especially if direction is unclear. You know it pays to be patient, and today is a perfect example of that. Because if you would have stayed patient, I mean it would have been a beautiful setup when the NASDAQ Market did begin to recover and literally it's a textbook setup.

So I wanted to share not just my successes, but also my failures with you guys. If you guys have any questions, feel free to message me via Discord That's going to be the first link in the description, but just like I've said so many times before, it doesn't matter if I have a green day, it doesn't matter if I have a red day I Trade Live every single morning exclusively with my learntime profit team. So if you want to experience this every single day, it's a one-time payment. Lifetime access.

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