Hey, what's going on? Team: I'm shorting the NASDAQ as the stock market is selling off and I wanted to show you um, kind of like a closer look of what it looks like. So um, I traded live and I Started the live training session with my learn Plan Profit Team today I trade live with them every morning if you want to learn more about that so you can watch me trade live. It's the second link in the description, but started the morning off kind of like I always normally do. so we pay attention to the pre-market session pre-market activity. I was looking at the NASDAQ Market lower lows, lower highs were forming. Pretty much all that means is that there's selling pressure. It's a downward pattern when there's a downward pattern, especially after you know the bullish week that QQQ or the NASDAQ Market has had. you know there's a lot of downside potential. So I took a short position by going into ask Kikihi which is the NASDAQ short ETF. It's triple leverage so for every one percent the NASDAQ Market sells off, you can see 1.2 percent. it does three times that, so 3.84 Overall, the selling pressure continued not only during the pre-market but even to Market open. It was very fun live training session. Not only were we getting rejected by the moving average which is great, right? but we're even getting rejected by that EMA lines. So by the EMA line acting as a resistance, you know that the selling pressure is very high. so lower lows, lower highs, lower lows just a strong descending pattern and began to consolidate within this general area. We reduced our position size there's a change of Direction and then I just announced it actually on my Instagram and with my Lpp team we talked about the resistance that there was at the moving average again the same thing that we saw during that pre-market session. So people thought that this was going to be the reversal Again, you know direction is super important. Indicators are just to be used as a reference number as a sole reason why to take a trade if anything. Again, the thing that is that has more weight in my opinion is you know previous Direction And that's all the selling pressure that we were experiencing, right? So we get, we got rejected by that EMA line by that moving average, we got rejected. We made lower lows lower high as I added more to my SQ position. And right now this is kind of like, um, the little pickle that I'm in right now. Uh, deciding if I should just lock in profits on my short or continue to hold the what I have in the open. So there was a resistance that we saw during that pre-market session right around Uh 45 30. we're struggling to break above that so it looks like we're testing the moving average once again. Um, and we hit highs of 45 39 and now we got rejected once again. So this is not the best sign for Uh, Sqq. and the reason why is because at this point it's showing signs of um, you know, lower highs which is not a good sign. Um, it could mean that this could be the peak right? And if that's the peak, then why am I still in an open position right? I'm never going to be a perfect Trader my entries my exits are never going to be perfect. So instead of always trying to sell out the overall top and buy at the overall bottom, I need to be okay with it just being good, right? So I can exit at a good price point and then just wait for the next opportunity. But as of right now, Why? Why Why Why would I short something And it's very simple. Um, you know we're trading below the moving average. we're trading below the EMA line. It's very easy to see the lower highs and lower lows. It's the easiest way that I can put it. It's like this. like downward staircase pattern, right? So it's like a downward staircase. If you go down the stairs, you know it drops. It tries to go up. it drops like it tries to go up. it drops, It tries to go up, it drops, It tries to go up. It drops so it's very easy to see that. And then we're continuing that by getting rejected by the moving average. and the more I see it getting rejected, the more valid that selling pressure will become. And at this point it's kind of just the waiting game. So because I got in at such a good price point during that pre-market session, even if we do see a reversal here, you know, Yeah, I could have sold at a much better price point altogether. But remember I'm not going to be perfect. You're not going to be perfect. We're never going to be perfect. So the goal is I mean I didn't buy at the lowest price point for us Kiki Cube all the way down here, right? But I also didn't buy at the highest price point. So as long as I get in at a good price point and I get out at a decent price point, that's all that matters. That's all that should matter. And this is why I often do not trade by being able to see how much I'm up or down I don't want that to influence of like hey, I'm almost at, you know, 10 000 or I'm almost at fifteen thousand dollars on the day. uh I don't want how much I'm up or down to determine my ability to you know, sell a position if we see a change of Direction So if this thing does begin to make higher highs above the moving average, then um, you know I will rightfully accept the change of Direction But a break above by with one candle is not a change of Direction I Also think that's a big misconception that a lot of people have is that oh, wow. Ricky Look, we finally broke about VMA Uh, or above the moving average, it's time to sell your position. No, uh, one. one break above doesn't mean anything. Just like one break below doesn't mean anything. Um I Want to see higher highs and higher lows above the moving average? If it shows healthy signs of an uptrend pattern, then I'll accept my change of Direction But if there's no momentum, if there's no demand when we begin to break above these moving averages, then at that point it's just a nice little fake out. A lot of people get excited and then they get you know, drop right back down. So that's kind of what I'm waiting out for if we see a change of Direction I will accept whatever it is. and however, it is that I end up on the day I might be up 5 000 I might be up 20, 000, right? Um, it's all dependent on um, my ability to just when I accept that change of direction to get out of that position. Or if we go according to my plan that if we end up getting rejected selling off here, that means that Sqq would begin to make you know higher highs here. Maybe I can lock in profits closer to, you know, 45, 60, 45, 80 and stuff like that. So definitely something that I'm going to try to stay patient with. There's no reason for me to rush into it. One of the things that I always like to encourage are beginners is if you're just getting into the market. Um, you know we call this the blind trading challenge. So by covering how much are up or down, it doesn't allow you to obsess about how much you're up or down, but allows you to focus so much more on. You know is Direction in your favor. You know, are you adding because it makes sense and not just because you want to make more money. Are you selling because it makes sense? or just because you hit a specific milestone? Stone Because remember how much you're up or down? Only you know what that is or only you care about that? It has nothing to do with an actual trade opportunity. It doesn't. It has nothing to do with the resistance level or a potential reversal. Writing has nothing to do with that. So just remember: trade based off of what makes sense, not just based off of what you're up or down. It's irrelevant to the stock market. Your position is irrelevant to the stock market trade. The actual opportunity, trade, the actual stock, Return the actual ETF Don't focus on what it is that you're up or down because it's insignificant if you actually think about it. So um, and the smaller you keep your position size, the more collected. I Think that you can be because you'll be able to control your emotions. You know a little bit better. and it's all about scaling. So you start very small. You can start with one share um, or a couple of shares, right? You don't ever have to be fully invested into. Also a big misconception from beginner. Traders They always think that I have a thousand dollars and I always need to buy with a thousand dollars. no right position size is very important and learning how to keep your position size small during an uncertain time is even more crucial, right? It's all about building healthy habits. It doesn't matter if you actually turn a trade into the green if you did. really. if you implemented really bad habits, you know at that point you're just implementing bad habits. and as you begin to trade with more money, you're just going to lose more money. So if you focus on one thing, build healthy habits. That's all we could ever encourage you to do so. I Did want to keep you guys up to date with what's going on this week. We did have a series of a lot. our largest day for economic reports. Uh, the big one during the pre-market session where retail sells and also the mortgage index came in higher than expected. That's not good. So remember right now, bad news is good news. and good news is bad news. So this shows that we're seeing more growth than expected, which is not good for both retail sales and the mortgage application Index. So pretty much just you know, the amount of people that are applying for mortgages has gone up more than expected. And remember the Federal Reserve wants the economy to feel the pressure and if they see people spending more, if they see people wanting to buy houses, that means that you know interest rates are still affordable and they're not feeling the pressure. So what will the Federal Reserve do only justify being more aggressive in the way that they raise interest rates. And that's why the market reacts the way that it does. It's not so much about the news, but it's how the Federal Reserve will see that news and then try to accommodate that right, Because the goal for them is we're currently at 7.7 percent inflation. We're trying to get to two percent, so we're far from that. Uh, but we'll see if we actually end up getting there. So again, I'm waiting for the reversal here. I'll keep you guys up to date on my Instagram but from the reminder again: I Trade Live every single morning with our Lpp team. If you want to be able to watch me trade live as soon as tomorrow, then click that second link down below. We're running a huge sale to 150 off. It's our biggest sell and you can sign up watch me trade Live as soon as tomorrow and you get access to me and today our A to Z video Lesson Library So if you have any questions, send me a direct message via Discord first link in the description or send me a direct message via Instagram and that's that third link down below. If you want to see how much I'm up then feel free to follow me on Instagram Or if you're part of my Lpp team then I'll post my profits or whatever it is that I end up at by the end of the day. So like always I Hope that our new thumbs up! Please consider subscribing. And like always, let's make sure that we're in the year on our green note. Take it easy team.