There are no economic reports today, yet the market is still trying to identify its true. Direction What's going on team? It's Ricky with techbook Solutions I'm getting ready to even reduce my position size a little bit more on Tqq. I'm up a little bit over seven thousand dollars on the day and I started the day off in the green right NASDAQ Market rallied up I waited for confirmation. This was all caught during my live trading session today.

We broke above the moving average I got confirmation I added to my position average stop, average stop. we reached overbought levels I looked at previous highs and I made my team aware. You know I was like hey, I'm gonna decide to hold I'm gonna see if we can break above, um, pretty much a 360 price point. Uh, but just because I decide to hold does not mean that you need to.

So I encourage the beginners that if they want to play it safe, lock and profits always make sense. It pulled on back I went red I actually ended up cutting losses, right? I I have I'm trying to build a better habit I don't know about you guys I'm trying to build a better habit of being less lenient kids on how I manage risk meaning that if there's an actual break, if pattern or it's beginning to show signs of, you know, a potential reversal I just need to respect it and I would rather be more quick to cut losses than more quick to lock in profits I Don't know if that's going to be something that I'm going to continue to do, but I Just know that I need to make a better habit of when in doubt, pull out right. especially when it comes down to cutting losses, blocking profits obviously super important. Uh, but one thing that's more important to me is keeping those losses as small as possible.

So I ended up cutting losses when we broke below the moving average once we actually did and then began to indicate signs of reversal. And this is just to show that things can change all in a matter of minutes I waited for the break above the EMA line. we got that Buy Signal and I began to step on the gas. Direction became favorable and we just made higher highs, higher lows and we broke through the previous resistance that we had at 358 and as you can see, it was in favor of Tkq.

When the NASDAQ Market goes up, Tqq goes up. But right now we have a valid resistance range right around 36 dollars a share for Tkq, so I have to respect that. I Don't want to make the same mistake that I made earlier today. So again, Market is still indecisive of what it's doing.

So maybe reducing my position size at these overbought levels is not the worst idea you might be asking. Ricky What are these markets doing in my opinion? look at QQQ right? With no economic reports today, right? There's no economic reports. There's some that that are going to be released tomorrow, pre-market and then 30 minutes after the Market opens. So these will all be caught during tomorrow's live trading session.

But other than that, there's no major news that has been shared. So in my opinion, I mean that's where technicals come in. We could see that we are at a previous support Zone based off of QQQ So are we going to bounce here or are we going to get rejected and continue to sell off? That's the question I was asking myself today because I didn't hold the position overnight right or over the weekend. But then once we began to indicate signs of a reversal, then I was like, okay, this is showing signs of progress for the Bulls and it makes sense, right? If we look at this on the one hour time frame we can see based off of of previous patterns, right? We still need a break.

Above This EMA line. So I still don't want to enter as a swing trade, but as a day trade on this nice little bounce That makes sense to me. So if you're asking the question is now the time to swing shoot. in my opinion, not yet because we're still getting rejected by the EMA line on the one hour time frame.

But if we do begin to show signs of progress above that, then great I can follow up with a potential swing shred. When it comes to down to my day trades again. I Don't mind getting in and getting out very quickly within a short period of time and just being able to lock and profit as a day trip. remember I might have bearish sentiments I might have bowler sentiments but at the end of the day my day trades are just based off of that intraday opportunity.

There's a lot of days like even Friday right where I went long and then I went short and I made I walked away with a total of 35k on the day. and I Think that's the beautiful thing about the stock market is that you don't have to be super opinionated of which way you think the market has to go. As long as direction is cleared, there's money to be made. So why over complicate it, right? Let's keep it simple.

So as of right now about to touch ten thousand? there it goes. Just broke. Ten thousand dollars on the day? Uh, very excited to see if we show progress. Beyond 36 dollars a share.

but I know that it's gonna be in my best interest to look out for myself and begin to reduce my position size at 36 dollars. But have no worry I'll make sure that I keep you guys up to date under the trade idea section of our Lpp. Discord I Do want to remind you: I work with one team and one team only That is my learn plan profit team. They get to watch me trade live every single day right at Market open and they also get updates to every trade that I choose to take and my ideas behind those trades right? I Think that's the most important part.

You should never be told where to buy or where to sell. That's not the point of these updates, it's to bring awareness of what's going on with the market and my why. Why am I buying? Why am I selling? Because if you don't understand the why, then again at that point You're simply just trying to copy and that's never going to do you any good right? So again, if you want to be able to watch me trade live as soon as tomorrow and be able to get access to these updates I work with one team and one team only my LBP team. It's the second link in the description down below to one time payment lifetime access.

They get to watch me trade live every day and they are the only team that I work with on a closer basis. I Appreciate your time, hope that we're in the thumbs up. Please consider subscribing and like always, let's make sure that we end the year on a green note. Take it easy team!.