Yesterday I had my green day and today I have my red day. What's going on guys? It's Ricky here with tech Bud Solutions Just wanted to provide you guys with a quick overall update. Um, yesterday I walked away with fifty six hundred dollars in the green during my live trading session. uh, during the Fomc meeting.

If you guys didn't watch that, uh, that literally happened I I think in about 30 to 45 minutes of trading. uh today Market direction is just against me I mean Market direction is very clear. it's extremely bullish I got faked out very early on as of right now. Um, you know I'm I'm down right around five thousand dollars on the day.

Um, not proud about it. Uh, my position size is still relatively pretty small to what I could normally trade with. so I'm not worried about it in the sense it's still definitely something that I can tolerate. but just knowing how much I made yesterday knowing how much? I'm down right now just so you guys can see this is on um, Sqq 4600.

so again, right around that five thousand dollar. Mark I just like to average up but I wanted to Showcase it to you guys I mean I'm in the red right now uh I don't plan to be uh and I wanted to follow up I'm gonna upload a second video today and I wanted to see if I could make it out in the green. So um I love showcasing both my green days and my red days. That's one of the big value pieces of my YouTube channel and my daily live trading sessions.

I'm not here to sugarcoat things and just uh, you know, glorify. Oh look how amazing I am I make mistakes all the time almost every single day. But I as long as my mistakes I do them with a smaller position size than I lose smaller, right? And that's why I have such a big focus on position size. So very excited to follow up.

but I just wanted to provide you guys with some insight on what is causing so much of this momentum. Well first off, have fun seeing it in yesterday. Looks like all these news outlets all their uh headlines are you know markets are reacting uh due to, you know, Federal Reserves focus on positive interest rates. so great.

It's yesterday's news still causing the market to go up. Uh, just a heads up. Microsoft Stock and Apple stock hit all-time highs today. Uh, two of the most valuable companies two of the most influential companies for Nasdaq both made new highs today, New all-time highs.

So that is one reason that I believe that the markets are doing so well. I Call it headline momentum. it normally doesn't last, but again, right now it's extremely bullish. I respect the Bulls right? The second thing is there's a list of Uh stocks that were reporting earnings I'm sorry that were reporting different economic reports from retail sales to initial claims continuing claims.

So retail sales actually showed to be a little bit higher than expected, showing that the economy isn't necessarily slowing down. But initial claims and continuing claims both came in higher than expected meaning that more people are following for unemployment for the first time and more people continue to file for unemployment than those of last week. And then it goes down all the way down to Uh from Philadelphia Fed Index and power State Manufacturing Export price export price uh ex: AG Import Price index import prices ex Oil industrial production capacity utilization it just goes down the list. So a bunch a bunch a bunch of different economic reports that were released right before the market opened one hour to be exact.

But my main focus of this video is I wanted to show you when I was in the red and I wanted to express the importance of position size. So right now I this is just my opinion I still believe markets overbought and I think that there is reversal potential because of how bullish it's been right at Market open. But I'm gonna have to wait and see if I begin to see lower lows and lower highs on NASDAQ I will size in and average up into Sqq. Remember I took relatively less than 50 percent of a position size on Sqq which led to that loss.

It sucks, but as long as I keep that position size small during my losses, I can buy in with 10 20, 30 000 shares with 1sq. Direction is favorable and it won't take much for me to make back what I lost and maybe end up in the green. So that's what I'm really excited to follow up. Uh, it's not guaranteed.

Obviously I could just end 4 600 in the red and that will just be it. But I wanted to show you that I was in the red I wanted to talk about the mistakes that I made I got faked out very early on uh with QQQ just so you could see it NASDAQ Market was selling off all pre-market session even after those economic reports. but it was during that pre-market session uh, about one hour before that we began to indicate signs of an uptrend about 45 minutes before and then we showed signs of consolidation during this little consolidation phase. I feel like I got faked out? Um, and then it just began to indicate signs of an uptrend.

So I should have paid a little bit more attention to Um again, just slowing things down on the five minute time frame. it's very easy to see. uh, but now Mark gets overbought enough that uh, I'm just getting very excited because I I did such a good job keeping my position size small if the market does sell off even just a little bit. Uh, if I size into it very aggressively I can walk away.

most likely either break even on the day or slightly in the green. but again, I'll follow up in today's later video. Maybe I'll be more in the red if things go south. Uh, or maybe I'll be more in the green.

So I'm going to keep my LPB team up to date uh, under the trade ideas section and remember I just post updates. They're not buy or sell signals If you want to be kept up today and also want to be able to watch me trade live every single day, that's going to be the second link in the description down below. I Appreciate your time like always. Let's make sure that we're in the year on a green note.

Take it easy to.