Happy monday, what's going on team, it's ricky with talk about solutions, hope that you guys are all having an amazing monday, and one of the things that i quickly want to talk about is a quick little update on my tqq position. I actually was day trading it during today's live trading session. I went in on average, no more than 41 000 at one point right now. I only have uh a little bit under three thousand dollars.

It's a little bit more on the overbought side. Yes, it's still bullish, but one thing that i'm taking into consideration is that again, tkq has been very, very bearish for the past four weeks. I don't want to get too confident, and this is what the whole reason i'm making this video uh my swing, trade challenge right. I still have my number of swing trades that i'm choosing to take advantage of.

One thing that i wanted to share with you is that i have not added more to my position size, because it's still, in my opinion, way too early to tell it is beginning to identify signs of a potential support. It is beginning to indicate signs of potential uptrend. This is great. This is a step in the right direction.

It makes sense on maybe why you are adding. You know some to your position and or thinking about it, but one of the things that i want to remind you is that we still have that meeting on wednesday and on thursday when it comes down to the fed right and then they talk about interest rates. They talk about inflation rates and, if they say anything, that's worse than anticipated, guess what happens boom drops right back down. I want to make sure that you understand that we have no reason to rush into buying more it's it's great, that the directions in our favor and, if you're, choosing to day trade it great to be, if you're choosing to average up into it, then great.

But one thing that i want you to be aware of is that you know we still got definitely challenges ahead, right, we're still trading below the ema line, we're still trading below the moving average and if anything, they actually haven't even really increased the rates at the At what they said they were going to so when those rates do begin to hit. I just want to make sure that you are prepared and that you don't get too excited right now, as the market begins to recover, that you think that the market has to recover right away. I hope that it does. I really do, but based off of how it normally plays out, doesn't always play out that way right, it might get worse before it gets better.

I want to make sure that you keep a well-balanced position size. You have enough money that you feel motivated to take it seriously, but not so much that you become a rational or emotional mess right. We just broke above sixty dollars a share for tkq. We had an amazing live trading session.

Today, uh we broke down all of my entries, my exits. It was all caught during today's live trading. If you've never watched me trade live, i actually wanted to give you access to it. It's going to be the first link in the description, and that is today's raw live trading session.

So if you've ever wanted to see what it's like to watch me, trade live again, click the first link down below but um. I'm super excited tesla. If i thought uh tqk was doing, good tesla is ripping it out of the water nine percent on the day higher highs higher lows, no indication of a reversal. It's not even really pulling back to the ema line today the market is super bullish.

Today is an easy day make sure you remind yourself about that, but for the past four weeks we've been having to work right and we've been having to overcome these challenges, that mental warfare and understand that today's an easy day, don't think that every day is going To be like this, we have this saying within learn plan profit that you know on my green days. I prepare for my red days and on my run days i prepare for my green days. I just want to make sure that you don't get too confident. I don't want you to buy so much right now and then, if the market doesn't recover and then if the market begins to pull back, you become super devastated.

I just want you to be aware of it right as long as you're aware, whatever you choose to do after right, you at least have a better edge in understanding that you're not getting too excited and that you're staying calculated. That's all i want, if you just average up average up right and if it makes sense to you, then stick to it just make sure we manage and mitigate that risk accordingly as well, and there goes tqq is finally showing some signs of a resistance level. Let me share with you my plan. T qqq has pushed up enough today, six percent, that i went from a forty one thousand dollar position size to three thousand.

I just like sharing my thought process. I, like sharing my, why i chose to reduce my position size because it's not really indicating, at the same rate that it was down here, it's beginning to slow down. It can continue top trend. But for me, because of how overbought it is and what i see for potential downside risk, it's just not worth it, i'm done with it right, i'm done with it for the day.

I want to revisit it tomorrow and if you look at it for the past two days, i had a green day on um friday and today i know the hat had another green day. Both were very successful days. This is great for the overall market, but understand that the market was previously bearish, so we can't get too excited. We can't get caught in the idea that it has to continue to uptrend and then be surprised when it pulls on back.

So because of that, i chose to reduce my position size to anticipate a pullback, so i have enough money left over to buy the dip and then be able to make money as the market recovers. That's my plan. I have all my alerts that i would love to buy more for my swing trade but in my opinion, it's still too early, i'm still waiting for the break above 65 to 70. Before i decide to average up remember when we have so much margin, look at whatever stock you're choosing to buy the dip on when you have so much margin for potential recovery.

There's no reason you need to rush into it. I'm not a perfect trader! I'm not here to pretend to be. I have so much margin to work with i'm okay with missing out on 10 or 15 of that. As long as i wait for proper confirmation of a reversal, it will make me feel more effective and that's what's most important.

That'll be not about being right or wrong, but making sure that my actions are something that align with my future goals right, especially if you intend to trade with more so again, if you guys want to watch today's live trading session. My entries, my exits, my thought process behind every single trade today click the first link down below and if you guys want to join my free discord group, that's that second link down below. I really do appreciate you guys time hope there are thumbs up. Please consider subscribing and like always, let's make sure that we in the year on a great now take it easy team.