The Bulls got absolutely destroyed in the market today. What's going on? team? It's Ricky with Tactic Solutions And let's go ahead and talk about what happened with the overall NASDAQ market today. Let me start sharing my screens. You guys could see exactly what it is that I'm looking at.

This is the aftermath of the Fomc meeting, but this is ask QQQ so you might be thinking, oh, you know it's good, right? it's green. Well, no, not technically because QQQ which is the NASDAQ Market actually sold off. It sold off 1.44 which was pretty dramatic and this actually happened as the FED meeting actually closed right? Jerome Palace stopped speaking and we saw lower lows and lower highs really begin to flush out the market right. Bulls got absolutely swipe today.

Uh, you either went with the Market's direction or you got absolutely destroyed. Now you are correct, right? The Fomc rate decision. They decided to pause which is not technically a bad thing. but if you heard what Jerome Powell said and we live streamed this on the YouTube channel, so feel free to check it out.

It's my previous live stream. He made it very clear, which in my opinion and it means nothing be based off of how the Market's reacting. but in my opinion, he didn't say anything new. We all knew that based off of specific economic data, that the Federal Reserve did run the risk of potentially raising rates more later this year, right? And they said 12 out of 7 or 12 versus 7 12 members of the Federal Reserve voted that if economic data supports it, yes, they will raise One More Time by at least the end of 2023.

Then seven voted against that. No more hikes are needed now. Obviously more voted for it. So again, is the Federal Reserve more hawkish? But this is just one rate hike.

yet the market is reacting the way that it is nonetheless. I Mean we did well, right? I made additional a couple thousand dollars to eight thousand, eight hundred and forty nine dollars on ask Kiki Cube We all know that Sqq goes up when the overall NASDAQ Market goes down. How much worse can things get when looking at this on the one hour time frame? I'm not here to instill fear in you. maybe just with the thumbnail in the title, but if you trade based off of thumbnails and titles, then you got bigger problems, right? Overall NASDAQ Market Yes, we have tested previous lows.

If you look at previous lows, we are testing that exact range right now and that's right around 364.. if we break below this based off of previous lows, the next one is going to be right around 360. the one below that is around 355. these are kind of the levels almost every five dollars, right? Makes um, you know, perfect sense.

Do I think that the market has to continue to sell off? Well, no, right. We've said this and we said this in the very beginning of today's live stream. Any reaction tends to be an overreaction. I've seen this with CPI data reports and I've seen this with Fed meetings.

Right with Fomc meetings. The market can react one way on the day of, but then reacts a completely different way on the day after. Not saying that that's what's going to happen tomorrow. I'm just saying that don't let one day Define you as a Trader if you had a bad day, if you had a bad trade, if you had a red day again, your job is not to avoid those days.

your job is to Simply manage it. So suck it up and put a plan in place so you don't dig yourself into a deeper hole. Stay selective, stay disciplined. Make sure that your risk management is A1 What is also another thing that we talked about is, well, obviously on days like this or CPI data reports any day where there's major economic reports, maybe it's not the best day For people that are absolute beginners.

that's not rocket science. It should be something that should be encouraged. Look out for yourself, right? Why are we ashamed to be like hey, I'm just getting started. Maybe I shouldn't trade on such a volatile day, right? It's kind of like common sense when you look at the overall market and the series of news outlets and what they're stating.

Stock futures edged lower as Fed Skips A rate hike, but signals for another increase in Uh increases coming. None of that is new, None of that is is. wow. That was a surprise if you uh, see the live stream once it was stated by Jerome Powell that yes, a future rate hike can be in place of economic data supports it.

He's has. he has said that in almost like every single Fomc meeting like that. that is not new news, but the market likes to overreact so let's just dance with it if the market sells off again tomorrow during tomorrow's live trading session. I'm gonna short it with the Learn Plan Profit team.

If the market begins to recover and begins to indicate signs of an uptrend because it was an overreaction based off of what happened today, then guess what? I'll go along with the bulls. Stop overcome complicating or thinking that your opinion or my opinion or anyone else's opinion is is fact. But the only thing that we have to work with is Market Direction right? So I I If today isn't like the nail in the coffin for it, no one cares about your opinion. No one should care about mine.

It does not matter. It literally does not matter about the market. The market will always do what it wants. This is exactly why yesterday.

This is kind of like tough criticism, but you need to hear it. This is why yesterday when people were nagging to me right when I made a little bit over 15K you know, um, going short on the market Ricky Why not just hold the position if you think that the Market's gonna sell off Obviously in a perfect world if I can predict the future, yes, you're right. I would have loved to have made a total of 4.26 on the day on Uske Q but guess what? I'm not perfect I Don't know what the Market's going to do and my job is not to try to predict the future, but it's to prepare, but also prepare for worst case scenario. So I choose to stay cash right? That is.

The beautiful thing about trading is not because something is certain, but because it's not that. That is why you decide to manage your risk right. Remove that ego in this market. This Market will absolutely destroy you if you continue to have this ego problem of not being able to accept when you are wrong, manage that position size, manage that risk, and learn the importance of when conditions are just not favorable or for you that you don't need to trade every single day.

And I hope that at least helps one person out there that's just getting started. I'm really excited to see you for tomorrow's live session. I Hope that this video breaks down that um, you know what happened today and that it literally does not matter what any news Outlet is saying, the market will always do whatever it wants to do. So why try to predict or think that your opinion is going to be true when at the end of it we're all just doing the same thing and that's trying to dance with the market.

And tomorrow, that's exactly what I'm going to do. Stay cash and I would love to dance with the market if Direction and conditions are favorable, that's it. So I'll see you tomorrow. Second link in the description down below.

that's for my live trading session I Trade live with one team and one team only that's the LPB team and I hope to see you there. Hope that A thumbs up. Please consider subscribing like always. Let's make sure that we're in the year On a green note.

take it easy team.