Hey, what's going on team, it's ricky with attack, but solutions uh today. Not only did i want to like break down and kind of cover um, i guess just some of the stocks that i'm in right now. I have a pretty light position. I only have fifteen thousand dollars uh left invested in my amc position.

I have a little bit over six or six hundred shares uh twenty four hundred dollars, uh on the day and um i've pretty much sold most of my position as it's become a little bit more on the overbought side. Yes, it's still bullish. Yes, i could potentially still make more money, but because it's overbought amc doesn't normally hold at these overbought levels, which is why i began to reduce my position size and, if anything, i'll actually sell a little bit more right on over here. But one of the things that i wanted to cover today is the importance of setting proper expectations, especially for all of our beginner traders.

I can't stress this enough um. I made a video yesterday talking about like tqqq and if the market were to recover talking about investing or the importance of buying the dip on quality companies right buying, the dip on apple buy the dip on facebook buy the dip on amazon stocks. That, of course, are very bullish over the big period times and always tend to recover right, some quicker than others, but someone's hesitation was like well ricky uh. You know that's only like a five percent or a ten percent or a fifteen percent recovery um.

You know. That's not that much and one of the things that i wan na share with you - and this is the reason i'm sharing this with. You is because today is a red day for most people right uh. Overall markets are pulling on back.

You might feel a little bit under the weather, especially as we're going into the end of the year and for people to have these standards. I just i wanted to put things into perspective, especially for all of our new and beginner traders. It is so important for you to understand that for you to compare yourself to even you know my 2500 profit at one point, i had over 50 000 on amc as of today right, so that's a heavier position or most more than most people are trading with. As they're just getting started, rightfully so right, that's a lot of money.

It's a lot of money at risk, uh. It wouldn't make too much sense for you to just be get uh just be getting started and then to be trading with that much uh. What i'm here to remind you, is that, even within your first year right for someone to state that, oh you know, 15 or 20, not just on a trade. But if you were to end the year at 15 or 20 of a gain for someone to say that, oh that that's not that much um.

The reason that this is somewhat bothersome is that i feel like a lot of beginner traders, especially a lot of reddit traders. A lot of momentum, traders, a lot of aggressive traders as they're just getting started, sometimes experience those very aggressive movers that move 20. 30. 50.

In one day, right and and in that comparison, yes, you are correct that it's not that much. But the question that i have for you is: i want to use lcid as an example. Right, lucid motors was a very hyped up stock and if you look at, if you look at it for the past, you know year over year it shoots up shoots up to 65 dollars, pulls right on back to lows of 20 shoots up to highs of nearly 60 dollars it pulls on back to 36, the same people that are saying well, i made 30 50 on. You know lucid just in one trade.

You know i don't want to aim for 15 or 20 percent that year, but then they end up bag holding all the way down. Here i mean same thing for the people that are in amc right. All the people that got into amc increased their average purchase price, it hit highs of 72 dollars, and now amc is at 25. The the concept and the idea that i'm trying to share with you is that most people that that state that 15 or 20 growth within your first year trading that that's not a lot, is like what ground are you standing on that you have that opinion about Other people and how they choose to trade when you know you're not even you're, not even in the green right you're back holding the stock that you hope squeezes right, you're back, holding a stock that you hope recovers.

It's like what i'm here to remind you is that, especially on these red days as the market pulls on back, it is so important to understand that what you do today can benefit your future self, i'm all about, and again this is my opinion and, in my Experience this is why i love buying the dip on value companies right quality companies as they sell off. I get them for a discount and i make money as they recover. It's a very simple concept and if you've ever paid attention to the overall nasdaq market and how it tends to trade, you see this time after time that the market sells off and then it recovers the market sells off and then it recovers. The market sells off and then it recovers the market sells off and then it recovers.

Not only does it recover, but it consistently makes new highs. This is why, right now, the market's selling off this is a big focus on tech, nasdaq index. Guess what sure? What tends to happen for the past year right, the market tends to recover and then make new highs. This is why i always state what you do now, as in the companies you choose to buy and hold, as the market recovers can make you money on the recovery can make that difference.

So, yes, i agree. 5, 10. 15, growth isn't the most crazy or most unreal amount of money, but it's a foundation to build off of, and i think that's always the goal. The goal doing anything in life is being consistent and you can't state that 10 15 20 is not a lot when you're, not even in the green year over year.

Right, it's all about perspective, it's all about asking yourself. What's your intention, do you want to be consistently doing? Well, then, maybe focus on something that you can actually do consistently and a method that actually is consistent versus trying to trade very aggressive moving stocks that, yes, they might be short-lived pump and dumps. But overall, if you don't know how to trade them, if you don't know how to lock in profit, if you don't have those core principles, you end up just bag holding and end up on that. You know red side of the trade regardless we talked about this within today's live training session.

I don't know if uh, yes, i took a couple of trades within today's live trading session. You can see some of my entries with the amc stock, but as well as i also break down and really get into this, especially for our learn plan. Profit traders, if you're an absolute beginner if you're struggling while the market is pulling on back. I really do think that the conversation that we had today can be of value to you, i'm going to link it down below it's the first link down in the description.

Please take some time if you are struggling with the market performance today and just watch it. I think that the message that we share and the concepts that we talk about, can really shed some light at the end of the tunnel, even with the market being aggressively in the red, with the market pulling on back it's just it's such a useful approach, especially For beginner traders it sets proper expectation, proper insight about recovery and um yeah. I think that you'll just really enjoy it. So again, that's going to be that first link in the description i'm just going to leave it at that.

I hope and wish you guys an amazing rest of your friday. I hope that i earned your thumbs up. Please consider subscribing i upload new videos every single day and if you guys want to stay connected, i do have a free facebook group and that's going to be linked in the description. Like always, let's make sure that we in the year on our green now take it easy team.