Hey: what's going on team, a quick little market update for you guys, all so cpi data was released today, uh and we literally hit expectation. So expectation was 7.9. We hit 7.9 percent. So simply what that means is one of the biggest contributing factors on why the cpi data was so high.

As for the month of february, can you guys guess down in the comments section what sector has been the most talked about and we've seen the highest increase in price for the month of february, right or even for the month of march? Really, oil prices right gas prices uh, and it's due to what has what is happening in russia and ukraine, and hopefully this iran deal and venezuela deal through the biden. Administration gets put into place right. We've been talking about it from the very beginning where, as soon as that, russian uh oil ban took place. It's like okay, cool right.

We don't want to fuel russia's war, that's great, but what about for all of us right? All of us that get stuck paying oil super high oil prices. We have to do something about current supply levels. Right uh, europe has their things set in place where they can keep up with their current demand levels. The us has an up right.

They have to facilitate, or at least put through a deal right, so they're almost forced into this corner of working out a deal with iran and venezuela. It's to be said that if they do work out a deal that they can get us back on track to current demand levels or supply levels um as early as two months. The really great thing about that is that that would be progress, because it with that cpi data out of the 7.9 6.6 of that increase was actually solely from gasoline. So one of the biggest contributing factors on what on why cpi data and the report was so high - was because of gasoline everything else was kind of stagnant.

We actually saw a decrease in used car prices for one of the first times. I think in five or six months this is great, and this needs to take place and the reason why again, this is just a quick little update for you guys. The reason that this thing needs to take place is because next week, they're set to raise interest rates, so the feds are finally raising interest rates and that's going to be taking place next week according to uh the current schedule. So that's already somewhat factored in, but just as you guys can tell right, our expectation for the cpi report was 7.9 and yet, even though it reported what was expected, we saw a big drop on the nasdaq market in pretty much every market right.

Even oil is dropping itself. Everything is pretty much fallen with. That being said, it's we need to make sure a way to kind of alleviate this. This cpi data right.

A lot of that pressure is coming from that gasoline it just it just makes sense right. Everything else is kind of staying stagnant, we're seeing a decline. Finally, when it comes down to used car prices - and i hope that when it comes down to retail, when it comes down to consumer spending, all of all of that - hopefully all of that can can begin to plateau and as long as we get those gasoline prices Back down um, then again, that would be a step in the right direction. One of the things following up with yesterday's video.

It seemed like a lot of you guys really really enjoyed it so yesterday, if you guys didn't watch it, i uploaded a second video and the reason that i did was. I talked about this resistance level on the nasdaq market, so the nasdaq market has been bearish for two months. It's not a surprise right. So yesterday a lot of people were super excited, as the market was pushing up.

They, you know tqqq, which is a very common etf, that i trade i talked about it being up 10 and why i locked in profits. I made 4 500 yesterday in just a couple of hours trading it. It was amazing, but we have this saying within my learn - plan profit group. It's on my green days.

I prepare for my red days and on my red days i prepare for my green days. If the two months have taught me anything it's to not be greedy. I am not in a position. The market is not in a position where you should be greedy, the market's been bearish.

So why is it that, at the first sight of a recovery or of one green day, do you get so excited that you ignore the previous two months of red days? It just doesn't make sense to me right, and that is why we talked about you know. I'm never here to tell you when to buy, to tell you when to sell, i'm here to share information with you and why i'm doing what i'm doing, if it makes sense to you then great, and if it doesn't then okay, so be it right. It's all about sharing ideas and being open-minded, but i wanted you to understand why i decided to lock in profits and because i decided to lock in profits. The nasdaq market dropped two percent after market hours, which means that the nasdaq etf tqqqqq dropped.

Can you guys guess six percent and i decided to buy the dip right i bought with fifty thousand dollars, i'm still down on it, so i'm actually down on it because during today's live trading session i made a silly mistake. Well, honestly, it was a stupid mistake. I just don't like using that word, but i made a very, very stupid mistake. I was up nearly a thousand dollars and i hesitated to lock in profits, i'm not going to blame my red day on the market.

That was my fault, but i am so grateful that imagine if i would have held 60 80 000 that i had yesterday in tkq right and if i would have held it all the way down to where it's at right now it would be. I would be down the same amount that i was up yesterday. It just doesn't make sense right. Our job is not to be perfect right.

Obviously, i'm not perfect by any means. Our job is to trade when it makes sense and when things look like they're, too good to be true or we're reaching overbought levels based off of previous patterns and cpi data is about to be reported and the previous times that we reported it. We actually fall below expectation or fall above expectation, which is actually not good right. It just made sense that i decided to lock in profits, not because it was the right thing to do, because no one can tell the future, but i decided to lock in profits because it was the safe play to do and you're right right.

I mean that there's a sin of the no risk, no rory sure, but our job is to manage and mitigate risk, not to avoid it right, and i feel like for those that didn't lock in profits for those that were aware of yesterday's resistance level. But did nothing about it, you're, just putting yourself in an unfortunate situation um, and i hope that you can see that. So i wanted to provide you guys with a quick little overall market update um when it comes down to the cpi data. How i made sense of it and where really a lot of the weight of that cpi report uh was put on, and that was definitely gasoline.

I hope that this iran deal uh ends up, you know getting put through and again, if you're absolutely new to trading. If you know this is a lot of information to take on we're, not only talking about you know, cpi data we're not only talking about inflation rates, we're not only talking about interest rates, rising we're not just talking about this russian oil crisis and this war between Russia and ukraine: this is a lot of information to take on. If you are struggling to connect with other like-minded people. I do have a free discord group.

It's the first link in the description. It's absolutely for free. You guys can join. You can even send me a message as soon as you guys join my free discord.

Send me a direct message. Introduce yourself tell me a little bit about your goals. Keep it short, keep it sweet, but i would love to learn a little bit more about you, but again, if you guys want to just dive right into it, if you guys are ready to learn how to trade, and you want to be able to watch me, Trade live every single morning. Take two minutes: click the second link down in the description and learn a little bit more about the learn plan, profit group.

They are the only team that get to work with me on a closer best basis and get to watch me. Trade live every single day. So again, i really do appreciate you guys time. I hope that i earned your thumbs up.

It looks like t. Qqq is finally establishing a support level which, if anything, it's actually higher lows, a step in the right direction. But now we need to break above this moving average, so my goal today is, i know i can probably end today in the green. My goal is just again as we approach these overbought levels to not be afraid to lock in profit, so again, really looking forward to connecting with you guys make sure you guys join.

My free discord group hope that i earned your thumbs up. Please consider subscribing and most importantly like always, let's make sure that we end the year on a great note: take it easy team.