So what happened with the stock market today? What's going on? Team: It's Ricky here with techput Solutions And this doesn't always happen exactly according to plan. But one of the things that I talked about in my earlier video today is I wanted to short the market if we got confirmation that the market was selling off and I was going to close my position when we began to test the support level at the moving average and let me explain if you didn't watch today's earlier video I showed NASDAQ on the 30 minute time frame we were trading up here right based off of previous resistance levels NASDAQ should have been getting rejected anyways. So as it was heading back down and it broke below the EMA line, I doubled my position I went from 5 000 to 10 000 shares shorting the NASDAQ Market by going into ass Kiki q and for those that are unaware what shorting exactly means, it pretty much means that you make money as the market sells off. The really cool thing about that is that again, as the market began to sell off, I have to have a specific price target of where I intend to cover to lock in my profits.

And this was very simple for me to identify because based off of the previous pullbacks for the previous three days, right? This is not rocket science. It's not like I can predict the future and every trade does not go according to plan. but I just looked at previous patterns would get rejected at that same resistance range. we'd pull on back to the moving average again.

30 minute time frame would get rejected, pull on back to the moving average Friday We pulled on back to the moving average Monday right? We were testing that same resistance if we got rejected. The possibility for us to pull back to the moving average based off of the previous three days seems pretty realistic, right? We pulled on back to the moving average I Shared it with my Learn Plan Profit team with locked in profits at Uh 33.20 I think it was Uh for S Kiki Cube Just like we expected. Actually sold half of my position at 33 and then the remaining half at 33.20 I Like to play it safe and I locked in over fifteen thousand dollars. For those that don't follow me on Instagram feel free to check it out.

it's the third link in the description down below. I Share my overall position I Shared it with the Lpp team I Uploaded a video on YouTube publicly making sure that you guys were aware of my trade plan. But let me explain right. Does every trade plan go exactly according to plan? Heck no, right! The idea and then the reason that I shared my trade plan is because when we got that confirmation that NASDAQ actually broke below the EMA on the 30 minute time frame and we saw that continuous descending pattern, it's a little a bit more clear to see on the one minute.

Again, we had a lot of cell and pressure. lower highs, lower lows. Obviously it was very easy to see that on the 30 minute time frame. Again, everything was going according to plan.

I doubled my position and that's the beautiful thing about trading a lot of beginner. Traders Always try to buy in the very beginning I Don't know if this relates to any of you and even if it just relates to one of you I hope that you can learn from it, but at least in my experience I often found myself when I was first getting started I would try to buy. you know if I had twenty five hundred dollars in my trading account I would try to buy 2500 as close to that you know twenty five hundred dollars I as I could to maximize my position. but guess what? as a beginner Trader You don't always have the best entries and it sucks when the stock still is selling off, right? So you buy the dip and then it continues to dip.

and that's one of the worst feelings. One of the things that I try to preach to my Lpp team is managing your position size I Think a great way to manage risk is to manage your position size and that's knowing how much it is that you can buy of a stock and always buying in increments. Taking risk management into consideration for those that are unaware. I could have I could have purchased 20 000 shares of SQ but I decided to purchase first it was 300, then I purchased a thousand, then two thousand.

then I went from two thousand uh, 2300 to 5 000 from five thousand to ten thousand. I could have purchased more, but it was a Monday I Know that the market overall based off of recent patterns, is very bullish and I wanted to respect that I knew that I didn't have to put myself in a position that was super aggressive that I end up regretting later down the road. So very grateful for how today played out as of right now. When it comes down to the overall, NASDAQ Market we can look at Nasdaq futures as of right now they are up 0.17 and we will see if they actually hold until tomorrow.

And one of the things that I want to remind you is I left it to you guys based off of what I've seen so far. You guys have not gotten my previous video to over 1500 likes. I'm not mistaken I think we are at 1400 so I'm gonna give you guys one more chance. we're at 1400 right now.

If you get this video to over 1500 likes again, just drop a thumbs up. Subscribe to the channel I will live stream for free on YouTube the Michael bar which is the vice chair of the Federal Reserve um speech right? that's going to be tomorrow on Tuesday So the 28th of March and then on Wednesday He speaks again 30 minutes after the Market opens. So if you would like me to host that live stream I Just want to make sure enough people show up. Drop a thumbs up! Subscribe to the channel, turn on your post notifications and I'll take care of the rest On top of that I'd Love to keep you guys up to date with different economic reports that are going to be released.

I Just want to make sure that you are aware of this. Uh, one hour before the Market opens, there's going to be, you know, a series of economic reports, but the one that's going to be the most important in my opinion is going to be the Consumer Confidence report which is going to be 30 minutes after the Market opens. Overall, the reports are not going to be too significant. I would really pay more attention to what's going to be said during the vice chair uh speak speech I'm sorry which again I Hope that we can live stream on our YouTube channel.

Other than that, Thursday and Friday are going to be the most significant days with Pce prices and GDP third estimate being reported. Other than that, it's a pretty slow week. In my opinion. The most significant thing is going to be Tuesday and Wednesday with those speeches, and then Thursday and Friday with those specific reports.

And all of those reports are released before the Market opens. If you have any questions about this again, feel free to send me a direct message via Instagram or via Discord And that's all. Linked In The description down below and for those that are asking why did like the Dow Jones Market and part of the S P 500 begin to go up? Uh, the banking stock. So JPMorgan I can pull them up very quickly.

They had a pretty significant rally today. Bond Market right now is performing very poorly for those that are unaware. Again right now with that specific correlation and it's because the Bond market was performed very well. That um, you know these overall banking institutions were actually, you know, at risk, But because of what's going on in the Bond market right now, we have big banking institutions actually performing pretty well and we'll see how long this actually lasts.

You know, is the issues with the banks over or are we just getting started right? I'm not here to predict the future I'm just taking it day by day just like all of you guys and I'm just trying to do my best to get kept up to date with all the different economic reports and speeches from the Federal Reserve that can impact the overall stock market. So I'm excited to keep you guys up to date. That's exactly what I do on this YouTube channel. and if you'd like to stay up to date.

then again, all we ask you to do is to subscribe it's free and to turn on your post notifications to make sure that YouTube notifies you when it is that I post a new video. So I hope that I earned your thumbs up in this video and I do want to remind you again if you guys haven't. If you don't want to enter the giveaway for the GTR or 50 000 cash, then don't check it out. But if you haven't entered our GTR giveaway I do want to remind you that again the fourth Link in the description down below.

Uh, just like the shirt that I'm wearing right right now I Don't know if you guys can see it, it's the Gtrt. so for every one dollar that you spend on the site, it equals five automatic entries and we have some something like the GTR Moon T that we just added. We have the GTR Mystery Box a bunch of new items that are all added and then on top of that we have our mouse pad collection Illumina Mark collection. We have our own apparel collection and again that's all available at Shoptechbuds.com or the fourth Link in the description down below.

So I really do appreciate you guys time. Hope that we're in a thumbs up. Um, if you have any questions, feel free to reach out to me. If not, I will see you tomorrow at Market Open for our live trading session and that's going to be the second link in the description down below.

If you want to be able to watch me trade live until then, like always, let's make sure that we're in the year on a green now ticket as a team.