So why did i sell robinhood stockton? One of the first things that you guys should be able to see is that i still have a thousand shares right uh. One of the things that i wanted to share with you guys is you know, was my complete trade on robinhood super successful. Well, no, not necessarily! Last week, right a couple days ago, i took a position on robin hood, a little bit below 46 dollars a share. I saw it to be a dip by opportunity and i had to manage my risk with a thousand shares that i bought as robin hood broke below 44.

So i had to manage my risk again. It's a tough pill to swallow, but it's an opportunity that i chose to take right as robin had sold off. Thankfully i cut losses right. It hit lows of 42 dollars, but then ended up making a recovery.

It began to trade above the ema line, actually indicating signs of an uptrend right as guests. It broke above 44. A share right broke about 44 dollars. A share i bought back in yesterday, i didn't just buy into 1000 shares.

I bought in with a little bit over two hundred thousand dollars in my fidelity account and, as you guys can see, with robinhood right, if you guys were watching my position at over 2500 shares. So, a little bit more, i really stepped on the gas, as robin hood began to indicate signs of an uptrend. Now. Why did i sell most of my robin hood position today and i want to share with you guys by the time the day or the market closes today.

I will only hold 500 shares. It's still a decent amount of money and trust me don't get me wrong. I get that, but we all trade with different dollar amounts. So please take that into consideration that i did have 2500 2500 shares and i decided to reduce it, and i just want to explain to you why, if you agree with me great, if you don't agree with me, then so be it! I'm not here to convince you, i'm trying to explain why it is that i did what i did on the four-hour time frame.

I'm going to ask you a very simple question: is robin hood, bullish or bearish ever since its peak since its pullback from 85 dollars a share, robin hood has been making a consistent descending pattern, showing signs of lower highs and lower lows, and we all know that Patterns tend to repeat themselves, but they don't always have to, but this has been a very consistent descending pattern. So, as it sells off, it finds a support it tries to rally it gets rejected, it tries to rally it gets rejected. It tries to rally well based off of the previous couple of times to try this it gets rejected. So why would i want to hold a lot of robin hood up here at these overbought levels, with this descending resistance when it tends to get rejected, and that's the very simple idea that i'm here to share with you, if i were to share with you with The idea of like hey, you know, would you rather hold something like robin hood for a long period of time with a descending pattern, or would you rather hold something like tgt right? If you look at this on the day, chart tgt for the past couple of months has been very bullish.

Very consistent and overall ascending uptrend pattern right because the direction is in your favor you're, more willing and more confident to hold something overnight. It's more of a quality company has it's proven itself that it is bullish where, with robin, it's proven itself that it can be bullish, but it pulls back just as aggressive and more often than not, it tends to overall sell off right. So we go back to the question or the the concern everyone has you know is robinhood a buy or a cell right. Now, i'm not here to encourage you to buy right.

I'm not here to encourage you to sell i'm just explaining to you why i am selling. I would love to buy more of robin hood when it pulls on back to forty dollars or to forty two dollars and based off previous patterns every time that it pushes up. It gets rejected and it sells off. It pushes up and it gets rejected and it sells off.

I don't want to have 2500 shares up here right and then it sells off and then not have the ability to have any money available to buy more. The only people that freak out when markets pull back are those that we're not prepared we're, not here to predict the future we're here to prepare for it. So i want to have enough money in robinhood, so i'll leave the 500 shares just in case it continues to rally i can always buy back in and that's the best case scenario. I would rather not have a heavy position ride that position all the way back down and then become an emotional mess right.

You want to have enough money in a position that you feel motivated to follow up with it and take it seriously, but not so much money that when it pulls on back, you get discouraged. That's the worst feeling, especially when something is as clear as robin. Obviously, patterns tend to repeat themselves: they don't always have to robin hood, can easily break below that resistance level break above that resistance level, but until proven otherwise. Until indication of that breakout, i don't want to hope that that breakout happens, because hopeful is a very naive mentality when it comes down to trading very bearish stocks.

I'm sure if you guys have been trading for a while. A lot of you guys would agree right. So i'll actually sell another 250 here so also with a market order and we'll sell at new highs. So i love it so up.

5. 000, on the day, robin hood just hit 48.20, and this reminds me of our live trading session this morning we had an amazing live trading session. I don't know if you've ever you know, uh were able to watch me. Trade live.

I trade live every single morning and actually i'll put the link down in the description. The first link down below will be the live trading session from this morning. Don't expect any glorious edit. It's literally just a raw live trading session for 40 minutes.

You can see me by you can see me sell right, you can see if i make mistakes, the takeaways, the conversations we have with our private group, all that stuff, so up a little bit over 50 600 on the day reduced my position, size and i'm very Excited to follow up with it right, let's make sure that our actions today are something that our future selves can. Thank us for, and i'm not here to be hopeful, i'm here to prepare, i'm not here to predict right. I'd rather prepare than be surprised and that's the mentality that we have within our lpp group. So i really do appreciate you guys time.

I hope that i earned your thumbs up in this video and explaining why i intend to sell robinhood and uh feel free to share your thoughts in the comment section. Do you think it's a good way that i manage my position and then i manage my risk, or do you think that robinhood is going to the moon and you're hoping for that? So there's no right or wrong answer, i'm just sharing with you my plan and my and my thought process. Like always, if you guys uh wan na again watch that video that's gon na, be the first link in the description. If you guys have any questions, feel free to message me via discord and you guys can join our free phaser group.

That's that second link down below. Like always, let's make sure that we in the year on the green now take it to the team.