So, let's get right to it! What caused the market to go down um! I really hope that you learned something new in this video. Please drop thumbs up and consider subscribing if you feel like we earned it so the nasdaq market dropped today due to the uh federal reserve meeting up today, as they tend to do right every single um thursday. What was said today, in my opinion, is no different than what has been said for the past couple of months. Interest rates are too high; they want to control in.

You know, they're going to raise interest rates and they want to cut back on spending. How many times have you heard this? This is the in my experience and again, please feel free to comment down below. In my experience it's not just about you know what is said, because this has been a concern of you know. Interest rates are about to increase.

We need to cut back on spending. These have been concerns for a really long time, but as soon as they announce it, then that's supposedly when the market reacts. I find it to be very, you know convenient. I want to talk about why you saw the nasdaq market.

This is ixic, which is a nasdaq index. Nasdaq has a big focus on tech. I'm going to circle back to this. I want you to understand the.

Why that's my focus with every single video? I want you to understand the reason on the correlation between the news and the reaction of the market, so if they say they're going to cut back on spending uh, so overall, the federal reserve is going to cut back the spending into the economy, meaning that again To get our economy really going, especially with tech, if they spend a lot right so coming back on spending, never a good thing. On top of that, if they're going to raise interest rates, the industry, the sector that is always affected the most and again, please do your own due diligence is always tech in comparison to you know, retail, in comparison to every other right tech is always viewed to Be the very like risky inflated type of industry and anytime interest rates increase the the biggest reaction is always with tech. The reason i'm sharing this with you is like oh ricky. Why does this serve me? You know any good now the market already reacted.

It does, because is this going to be the last time that they talk about increasing interest rates? No right, you live, and you learn. That's the whole point of these videos right. Not only do you now understand that if they raise interest rates, that's a negative catalyst for nasdaq and tech stocks, but if they lower interest rates, then guess what happens tech stocks again? That can act as a positive catalyst. This is what i like to do.

I like to talk about not just hey. You know. The federal reserve said that they're going to cut back on spending and that's why the market dropped. It's like okay, but give me more of the bone.

Give me more like of the understanding of why, so i wanted you to understand why not just on the technical aspect again, i'm very happy today during our live training session and all of our learn plan, profit members feel free to comment down below all. I said during today's live trading session. I will not be adding more to my position size. I was trading a nasdaq etf until we begin to make higher highs above the four hour moving average or on the day chart the ema line.

This was acting as a resistance level. We were not getting confirmation and the break above so i wanted to wait and keep my position size light. Just in case we got rejected. Trust me.

Today's drop was more aggressive than i anticipated. But again i know it's tough to say, but the only people that freak out when the market pulls back are those that did not prepare our learn plan profit group. They were all aware. We talked about it during our live trading session today yesterday and the day before i love and i and i get very excited when the market begins - to show signs of a recovery, i'm all about it.

Yes, i've seen my youtube videos. I make the thumbnails. I get that sometimes it pisses people off, because my thumbnails are kind of like buy now right to youtube like. But if you ever watch any of my videos, i always explain the why i always try to look out for you, although my thumbnail might say by now.

I talk about the potential, but i always talk about position size and the risk involved on why it's so important to what to wait for confirmation. So again, there was a couple of tech stocks, blue chip stocks that i didn't really get to buy the dip. On the last time that i pulled on back what i'm viewing this, as is a second opportunity right. It's not that i have to aggressively buy the dip.

It's not that i have to buy the dip and cross my fingers and hope that the market has to recover. I'm presented with a decent deal i'll, take a light position, size and i'll ride back the recovery. Actually, i wanted to answer one of the most popular questions on my instagram today. If you guys don't follow me on instagram, it's the second link in the description, but one of the most common questions today is what are the pros and cons of swing trading right now, we're kicking off our swing trading challenge and i have to say some people Might call it a con, some people might call it.

You know an advantage. One of the disadvantages, in my opinion and from my experience of what i get to see from swing trading, is that you know today i could have just locked in profits if it was a day trade right, but with swing trading you're holding for a number of Days based off of the overall outlook and the overall direction of that specific company right or the specific sector, i'm focusing on nasdaq, i saw there to be more upside than downside, so i took on the risk of holding something and again it's not necessarily going exactly. According to plan right now, as things don't always need to right, but the beauty behind swing trading is that i don't necessarily have to take action every day and by taking a lighter position size, i can be more rational and collected with my trade. You are correct.

It does suck to see that the market pulled back 2.5 today, but again it's not the end of the world, because i have a fraction. I have less than 25 percent invested in tkq of my overall account size and because of that think about it whatever it is that you're trading with 25 percent of that, instead of being 100 invested, you become much more composed. I always talk about position size. It's much easier said than done again: it's still emotional, but you still, you just get a little bit more comfortable being able to control that emotion, because it's a little bit more calculated.

So again, one of the disadvantages of swing trading i would say, is that when it comes down to things, don't always go according to plan right away. It's a time and patience aspect. You almost need to trust yourself. So one of the tips that i wanted to share for people that are just getting started is well.

How do i do this? You know i might sell too early or every time i buy it continues to dip. Imagine you only buy one share. I'm serious right now the market pulled back right, nasdaq, pulled on back and look into it. Apple pulled on back.

Tesla was one of the biggest losers apple's retesting, the moving average look at tesla right. Tesla's down is one of the biggest losers really driving down the overall nasdaq market. Today it was down 6.75 think about this. Instead of being super obsessive and trying to buy as many shares as you can on buying the dip don't over complicate it cherry pick, one to three stocks that you really see value in and just buy.

One share make sure it's something that you could afford and that's again, this one's kind of a bad example, because it's really expensive. But let's say that you trade with a thousand dollars and you buy one share of apple. If you buy that one share, you're not going to be irrational, you're not doing it for the profit you're doing it to prove it to yourself to gain experience and to gain confidence. That's what it's about when you're just getting started.

Our learn plan profit team knows that that's always it's called the one share test, buy it's to prove it to yourself that you're not gon na, be irrational, that you're not going to focus on the profit or anything else, you're simply going to focus on the trade. You you you view and identify a cheap blue chip stock. That's very bullish! You view it to be cheap. You buy one share and you wait for the recovery yeah.

Maybe you can buy a second share when you get confirmation of an uptrend but you're not doing it for the profit right. You'll probably make eight bucks, that's good again, but it's the proof of concept. It gains experience and it gains confidence and again it's easier to manage, especially with that time aspect. When things don't go according to plan right away.

Let me know what you guys think about that. I just wanted to share again uh some insight on today's market performance and how i intend to approach it. Some people are freaking out because the market's pulling on back those are the people that probably didn't prepare our learn plan. Profit team has no excuse.

We prepared we're aware of it now the market pulled on back now, it's our time for our team to take action by the dip on the quality stocks that we see value in and make money as they recover. They don't need to recover soon. They don't need to recover right away, but when they do, we set those alerts and follow up with it when it makes sense it's keeping trading simple. So again, if you guys want to join us for our live trading session, i trade live every single day and again it's exclusive to the learn, plant profit group and that's that first link in the description.

I really do appreciate you guys time hope and wish you guys amazing rest of your day and, like always, let's make sure that we in the year on agree now take it easy team.