So what was said in today's fed meeting, what's going on team, it's ricky with tackle solutions. I hope that you learned something new and, if you're new to the channel, please make sure that you subscribe, and i hope that i earned your thumbs up so uh. We actually live streamed the fed meeting, i'm not too sure if you actually tuned on in for the live stream. There's a lot of excitement.

That's actually, when i started to trade tqq and in this video i'm going to try to make it super short super sweet and, let's just actually get right to it. So what was said during the feb meeting, really everything that we were anticipating there was nothing that was said, uh based off of how the market reacted, that we were not anticipating, which is actually progress right, because almost time and time again anytime anything is said, and Even if it's just a little bit worse than we anticipated because these things are already factored into the market, it tends to drive the market down even further. One of the things that i actually wanted to share with you guys is: i'm gon na be talking about my tqqq position, which follows the nasdaq market we killed it today, so i didn't make a ton of ton of money. I still walked away with two thousand dollars and, if you tuned on in to today's live session during the fed meeting, i was actually trading live and that's actually, where i made most of my money today, uh because that's all i was waiting for.

I want to share with you the specific levels and and why i'm not holding tkq as you can see, i only have one share of tkq, but during that live session i think i had over a thousand shares. If i'm not mistaken, i'm very grateful how i was able to get in and get out within 30 minutes, uh really 45 minutes from entry to exit and walk away with over two thousand dollars profit. Is that not the goal? The goal is always to be efficient, so with you know, i'll actually just quickly show you guys on the one day one minute chart when we began to see the market actually indicate signs of an option. Let me go ahead and adjust this, so the market sold off very quickly, uh, anticipating uh the actual meeting and as soon as he began to speak within the first five minutes.

He was pretty much done speaking. He said what he needed to say and then he just began to answer questions. That is when we began to see the overall market, the nasdaq market, your tech stocks and tqq begin to indicate signs of an uptrend and guess what i began to do. I began to step on the gas the more it began to indicate signs of an uptrend, the more i began to purchase it pushed up push that pushed up and then at a certain point, i began to reduce my position size at these overbought levels and then I left a couple shares open.

I think i had about 300 or 200 shares. I left it and then i locked in profits, leaving myself with only one share and then walking away with 2100 profit. Now was today a perfect day heck. No, i mean i'm not up ten thousand dollars right, i'm not up five thousand dollars, i'm up two thousand dollars.

I feel like for the time that i invested of trading for 45 minutes. It definitely wasn't bad right. I made use of my time i made use of the opportunity, but why did i not hold tqqq if the market's beginning to recover? Why am i not holding it again? One thing that i need you to understand is, unlike other people on youtube. I am never going to convince you that what i do is something that you should do i like to explain why i do something, because it's not just about the profit that i get to walk away with, but i want you to understand the thought process behind That trade, so based off of the past two and a half months literally the nasdaq market has been selling off.

It is to be said that things are getting better and we're gon na get into that in just a little bit. But with that being said, the past two and a half months, if they've taught me anything and you can share your thoughts down below - is that the market continues to get rejected by this ema line and again the length of this ema line is 30 ema, and It's not just the indicator, but the actual direction of the overall market itself is bearish, at least for the past two and a half months. It's been making lower highs and lower lows. If we begin to trade above this, then yes, i would have more confidence to then begin to hold my positions, as at least the market is now doing something that it hasn't been doing.

But until then direction is not in my favor and let me at let me ask you this right. If you were to see that every time that it pulls back and then pushes up it approaches the ema line it gets rejected, it approaches the ema line. It gets rejected, it approaches the ema line it gets rejected. It approaches the ema line, it gets rejected, it approaches the ema line and then gets rejected.

Are you picking up what i'm putting down the market continues to get rejected? So is it out of character? For me to not have the most confidence in a market, that's been selling off for two and a half months that it's going to get rejected again, it's not that the market can't push up because, just like we saw today, it can't - and i can day trade That i don't have to hold it overnight. I don't have to take on that risk and that's what i feel comfortable doing. I'm taking a little bit more of a conservative approach, i'm trading if the direction is in my favor during the day, but not holding overnight, because well based off of the past two months. We have this descending channel and until proven, otherwise i don't want to hold it at these overbought levels.

Now that i was the bearer of bad news, i'm saying that as of right now, the market's more at a resistance level, i would love to buy if it breaks above the ema line, i'm excited, i hope the market recovers. I hope that we do something now that we haven't been able to do for the past two and a half months, but i'm someone that will allow and wait for confirmation before forcing an entry and hoping that it actually does it. But with that being said, i actually want to talk about something that was actually very very exciting today, the vix, which is considered the the fear index for the s p 500 anytime - that there's market uncertainty during uh 2020 for covet. This thing went through the roof and again you can look back to any recession back in history anytime, that there is uncertainty.

This is considered the fear index. Volatility goes through the roof. Again, fear is in the market and then the vix shoots up. The reason that i'm talking about this is the vix is actually beginning to retrace it's beginning to pull back it's beginning to come back to previous levels, and you can see that its previous levels are right around 15 to 17.

The reason that this is exciting is that that means less fear is now in the market or at least fear is beginning to dissipate. This is great for the nasdaq market. This is great for your long-term investments. This means that trust is being put back into the market and if again, my experience in the market has taught me anything is that when markets recover, it's not that things automatically got better, but it's that markets when they recover and fear begins to dissipate the markets.

Just naturally begin to recover and quite aggressively, so this is actually really good news, so, although i'm deciding to lock in profit and play it safe right now, i'm telling you you know if you're deciding to hold all power to you, i want to encourage you to Do what's best for what you think is best for your future self right. We can. We can all have different goals in place and still root for one another right. I feel like that's what i would like to do.

I want you to be aware of what i'm doing and why i'm doing it, but i also want you to be aware of what's actually looking pretty good and that's the vix less fear in the market. It does look promising. It looks like the market's beginning to somewhat recover. A lot of great articles were released today, that's great, but i'm someone that has to see it happen right.

I don't know about you guys. I just again the past two months have been so so bearish. I don't want to over complicate it. I want.

I don't want to be hopeful, i'm tired of getting my hopes up and then it ended ends up getting rejected. I've played it safe for the past two and a half months. What's just a little bit more time, i would love to see the nasdaq market break through that ema resistance level and for the market to begin to recover. And if you agree, please make sure you smash that like button, so i'm very excited to follow up with our live trading session tomorrow and if you guys would like to join us again.

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I really do appreciate gadgets time. I'm excited to see you in tomorrow's live training session and again. I hope that it earned your thumbs up and please consider subscribing like always. Let's make sure that we in the year on our green now take it easy team.