Cannot stress this enough. I just finished trading live with my learn plan profit group group and our entire live trading session. Uh. I really dedicated to reminding them uh is the cpi data report.

It's one hour before the market opens. We're going to be live streaming on our youtube channel the cpi data report. I just want to show you based off of previous cpi data reports. We've almost gotten rejected every single time that these reports are released and we're always so close to the ema line just like we were today just like we were last month.

And just like we were the time before and guess what happens almost every single time. We sell off if inflation has not peaked and the white house. Just released. A statement saying that they think that in june inflation.

Which is the report that will be released tomorrow is higher than before and this is now why we're seeing the market selling off right. There's nothing wrong with the day trading today and again this is coming from a day trader right please please please learn the importance of being selective i do not want to hear any excuse of your day. Trade turning into a swing trade especially for tomorrow. The cpi data report gets released and then it puts you in even worse position.

All i ever ask you to do is do not put yourself in a position in which you cannot tolerate that's the worst thing that you can do let me explain to you why you putting yourself in a position that you can't tolerate if the market does sell off if you end up losing an uncontrollable amount of money. It's only going to discourage you to ever do this again again that is the position you're choosing to put yourself in one of the things that i'm reminding our trades is i'm not selling my long term positions. I'm keeping those you know why first off my intention my intention is not to sell them anytime soon. I don't need to second my position size meaning the dollar amount invested is enough for me to take it seriously.

But it's not so much that even if the market drops five or ten percent. Then i will be devastated it will suck and red days still suck. But i can tolerate it it will not discourage me what i ask of you and i'm going to keep today's video super short. What i ask of you is whatever your position size is calculate if you were to lose five or ten percent.

What does that correlate on over to dollar amount and ask yourself one simple question look at that figure can you tolerate it. If you can then i think you answered the question for yourself that you don't need to reduce your position size the only other question you can ask is do you have enough cash available that if the market does dip that you can take advantage of it right just plant b. The other thing is if you can't tolerate. It.

Then what are you going to do to prepare because your job is not to predict the future that's impossible your job is to simply prepare. And if you already can see that it's going to be a tough pill for you to swallow. If the market is selling off then again once again don't put yourself in a position that you cannot tolerate that's really what we dedicated our live trading session. Today with our lpp team.

I'm pumped for tomorrow. I'm really hoping that this is going to be a pivotal moment for the overall market. The market's been selling off for seven months. But i just know to not get too excited.

I've already uh redetermined and repositioned um. You know my day trading chairs and all of that i'm being extremely selective today. If i do choose today trade. I'm being super super selective and making sure i watch my position size and then i do not do anything that will make me think or feel irrational especially leading up to tomorrow and how significant it is friendly reminder.

I will be live streaming this one hour before the market opens and it's free it's going to be on youtube. All you literally have to do is subscribe to my channel and turn on your post notifications so you get alerted when it is that i go live. That's all you can drop a thumbs up on this video and youtube will most likely update. You and actually alert you as well that being.

Said one hour before the market. Opens it is at 8 30 am eastern time. I'm going to go live. One hour and 15 minutes beforehand.

So i want to make sure that even 15 minutes before the report is released. I can answer any questions so again. If you've never tuned on into one of these live sessions. All you literally have to do is subscribe.

I hope that this reminder of your position size and the importance of being selective during such a critical point just encourages you to only look out for yourself. And that's all i ever want look out for your future self because at the end of the day. No one else ever will no one else ever should and nor can they so please do your future self a favor. And make sure that you prepare today.

So i hope that i earned your thumbs up. I'll see you tomorrow for our live session. One hour and 15 minutes. Before the market opens for that cpi data report also known as the inflation report and if you have any questions you would like to ask me first link down below is our free discord chat.

And you can feel free to ask me any questions. Especially if you're just looking to connect um also a friendly reminder. If you guys are ready to join my lpp team that's going to be that second link down below like always let's make sure that we in the year on green now take it easy team.