How many of you guys struggle with overtrading? This is something that happens from time to time, especially even with someone like myself. Uh, that has been doing this for some time. Uh, One of the things that I always like to do for myself is reminder to slow down on the one minute time frame. It's very easy to get excited on a potential reversal or hey, this thing's about to break out right.

But if you look at the one minute time frame, it's very easy to see that hey, NASDAQ Market is still getting rejected by the moving average and the EMA maybe it's in my best interest that before I get really excited and want to jump into this. that I wait for proper confirmation and it really encourages me to slow down because instead of every candle representing one minute of time, now every candle represents 5 minutes of time. Five times more. Which means again, I'm waiting for more proper confirmation of a reversal And this hopefully would encourage me to trade less and hopefully profit more, right and not enter those trades where oh man, this thing looks like it's about to break out on the 1 minute.

but when I would have looked at it on the 5 minute, I can see that it's still getting rejected, saving you from over trading right? What's going on team? It's Ricky Uh, We have a series of economic reports that are going to be released this week and the most important one is the CPI data report that's going to be 1 hour before the Market opens tomorrow which is November 14th at 8:00 a.m. eastern time. I'm thinking of live streaming it, but I wanted to leave it up to you guys if this video gets over 1,000 likes. so again, all you have to do is drop a thumbs up and subscribe to the channel.

I would be more than happy to wake up 1 hour before the Market opens and to host a free live stream so we can capture the Market's reaction to this CPI data report. and I'm going to break. I'm going to be breaking it all down for you on what the report is, what is actually causing the inflation rate to either go up or to go down and we're going to be watching. You know again, if the market reacts in a positive way great, then we're going to see why.

If the market reacts in a negative way then great, We're going to see why. But if you're an absolute beginner and you would like me to break down that report for you live in real time, then again, all I literally ask you to do is drop. Drop a thumbs up, get this video to over 1,000 likes and make sure you subscribe to the channel. Other than that, when it comes down to our economic report today, we have the Treasury budget at 2 p.m.

eastern time, which again isn't going to be until much much later. But as of right now, we were showing slight signs of a potential reversal when looking at the 30- minute time frame. I Want to make sure that you guys are all aware of this on QQQ We bounce off of the EMA on the 30 minute time frame. so NASDAQ Market has been validating this 30-minute time frame quite nicely.

Since we broke above, we haven't been really breaking below the EMA until again. Thursday Of last week, we bounced off of this moving average. Then we rallied on Friday. Then we pulled on back today.

So just why are you talking about this rookie? Well, as of right now, we're holding above the EMA. So this is all in favor of the Bulls right? Great big picture. But if we do begin to break below the EMA then we have some nice down downside potential. That could it, It could.

It could, potentially, uh, give up, right? And if that is the case, then that would be in favor of Asiq. But I Want to remind you this is all based off of technicals and tomorrow, a lot of it. Everything to me is going to be based off of fundamentals, right? The news that's coming out based off of that CPI data report and I can't stress this enough. Do Not enter a position today in which you're going to end up regretting tomorrow, right? If you enter a trade and you hope that the market goes up or you hope that the market goes down, you have a 50/50 chance of being right or wrong.

If you wait and you stay cash right, don't mind trading today. I'm trading today, right? That's great. But I'm going to make sure that I close out that position because tomorrow 1 hour before the Market opens instead of being in a position I can stay cash which means no position and if the market goes up then I can go with it. If the market goes down, then I can short it and at that point I can trade with the market instead of hoping for something to happen that never actually does again.

this is coming from my loss that I took on Friday I want to make sure that I don't try to Revenge trade and try to make my money back as soon as possible, but that I enter trades that actually make sense, not just ones that I hope for like I did on. Friday Other than that again, I'm very excited. Uh, in today's later video I'm going to be breaking down our previous CPI data report and also what the expectation is for this one that's going to be reported tomorrow. So if you want to stay tuned to that again, just another reason to subscribe and turn on your post notifications.

So YouTube alerts you when it is that I go live also again. I Do trade live every single day. I would hope to see you for tomorrow's live trading session. It's going to be right after that CPI data report and if you want to learn more about it on how you can watch me trade live see my entry, see my exits.

It's the second link in the description down below. But also don't forget to drop a thumbs up! Get this video to over 1,000 likes and we will see you tomorrow for our CPI Dat report. Like always, let's make sure that we end the year on a green note. Take Care Team.