Hey: what's going on team, it's ricky with tackle solutions. I wanted to talk about amc and also wanted to talk about the overall nasdaq market. Let's go ahead and first start off with amc. Uh i've been getting a lot of positive feedback.

Not just with you know the amazing performance that amc had yesterday uh, how many of you guys were up on amc yesterday, right uh, we were up uh. I was up fourteen thousand dollars uh when it comes down to how it performed during the extended hours. Right today it does suck uh it's down four percent. On the day it started off a little bit in the green uh, but pulled on back, and i wanted to show you guys right.

I want you guys to know that you're never alone right. I am down five thousand dollars. I have 3 400 shares um. I don't know how all these other youtubers uh talk about.

Amc encourage you to hold, but never update you on what their holdings are uh just on their green days right and that's one of the things that i love showcasing is not just my green days, but i know for you guys it's super helpful to understand that You're not alone on the red days, so i hope that i earned your thumbs up in this video and that maybe you can consider subscribing one of the stocks that a lot of people have been following up with me on. Is my sqq position? A lot of people are asking you know, since it pushed up another 2 on the day. Am i buying more? Did i already buy more? What's going on, i wanted to show you my overall position on my fidelity platform. I am up a total, since my purchase, i have 10 000 shares.

3.6 is what i'm up so very light right. Uh, 3 000 is what i've made so far and uh. I am planning to buy more today, and i want to explain to you why this is not an encouragement for you to buy more uh. If anything, i would still wait for true confirmation, but one of the things that i really like is on the four hour time frame.

One of the things that i need you guys to know is that sqq is a triple leveraged etf. On top of that, it decays over time this etf, so you understand, is a nasdaq short etf. So when the nasdaq market pulls back, this directly goes up. We've talked about it so many times people love to ask: how can you make money when the market pulls on back? Why do you think i've sold a lot of my long positions as the nasdaq market is at or was that all-time highs? Look at where the nasdaq market is now.

Do you guys remember? I made a video two three days ago when it hit all-time highs. I've been wrong many times before. I'm not here to pretend like i'm always perfect right, but i feel, like i approach in a very conservative way when the nasdaq market hits all-time highs. I begin to buy a little bit of sqq, which is the inverse this one s qqq goes up when the nasdaq market goes down and now because we're trading below the ema line on the four hour time frame, it's not just the first time.

This is the second time, and now we got rejected off of the ema line right, it's sold off, it pushed up, made lower highs and is now selling off again. That was the confirmation that i was waiting for. A lot of people were asking ricky: did you buy more yesterday, because yesterday we broke above ema, but then today at market open, we pulled on back and we've done this multiple times where we push up and then we break right below push up break right below Push up break right below same thing, rejected same thing rejected. So this is why i'm emphasizing that, just because i took a position, never means that you should as well, but i want you to understand why why i'm adding more now, this time when it pulled on back it didn't sell all the way back off.

It found the support it made higher lows and it began to indicate signs of an uptrend. Now it made higher highs, and it's above ema on the four hour time frame and to keep it super simple, ignore the indicators right, the price action, it's finally indicating signs of an uptrend, and once we get that confirmation i like to add more so i'll, probably Add more to the point where i'll have a total of a hundred thousand dollars invested into sqq uh? What's my goal, my goal is to lock in profits at the sma line. Am i holding this for a long period of time people love to ask that? Is this an investment? No! No! No! I don't know what your plan is and you don't need to tell me you can share it with me in our discord on instagram, but you don't need to, but i need you to know. This is the biggest thing.

Is people just love to talk about how much potential their stocks offer, but never talk about the risk? I would rather talk to you about the risk. The nasdaq market has been more bullish than bearish, so for you to think that this is a hole. This is an investment. No, this is a triple leverage, etf, that decays over time and it's a short etf right.

So this thing is the inverse of what the overall nasdaq market does. So you need to understand that this comes in a greater form of risk. You need to have an entry exit and stop loss plan. You need to manage your position size and if you don't want to do any of that, then i would not take a position right.

If you are not in a position to trade, these riskier etfs, then don't put yourself in a position to fail. Do it with a dollar amount in which you can tolerate it's that simple so from when i decided to buy so i'm up three percent. As of right now, 3.5 and from the sma line that offers about 11, so in total, let's say that you know i do a really good job locking in profits early. So, although my goal might be to sell close to 10 i'll probably sell a lot sooner.

So out of the um, what is that 14 potential that it has to offer? If i make 10 i'd be more than happy with that? Why why would i lock in profits early at the end of the day? I know that this overall etf is more bearish than it is bullish and keeping it that simple. I want to do my part in locking in profits and again the idea behind this. The reason why i want to make money as the nasdaq market pulls on back. That's my intention right.

So as the more the nasdaq market bleeds the more money i make on sqq right. But what's next after that, i want you guys to know my plan, as the nasdaq market pulls back. What pulls back as well. Nasdaq market has a big focus on tech stocks, amazon, facebook, apple, twitter, tesla.

So, as this thing bleeds, those tax stocks will most likely follow. So, as i make money off of sqq i'll have money left on the side that i will begin to buy these blue chip stocks at a better deal and then ride the recovery? That's the plan, that's the goal to work towards. It doesn't have to always work out according to plan, but i want you guys to know the intent, the intent of why i'm taking the position on sqq as the market pulls back a little bit. Why i'm encouraging you to wait for confirmation before you jump on in and then why it's so important to have money left over on the side? Just in case the market does pull on back that you're able to buy those for a better deal again.

The only people that complain the only people that freak out the only people that get mad when the stock market pulls back. I'm not talking about a crash, but even during a crash. The only people that freak out or complain are the people that were not prepared and ask yourself a very simple question. What steps can you take to prepare for a pullback having money left over on the side, selling a portion of your position to anticipate and tolerate a pullback there's so many different ways on how to approach the market? I never want to pretend like there's one all.

I'm ever here to encourage you to do is to have the best intention for your future self in place. So i hope that i earned your thumbs up in this video friendly reminder. You guys absolutely killed it with the new uh day trader mouse pad that we now have available on shop tech, but this one's 35 inches by 15 inches. And if you guys want to pick one of these up, they're now available, half of them have sold out and, of course, free shipping for everyone within the united states, and that is in the third link down in the description.

If you guys want to watch me, trade live every single day at market, open click, the second link down below, and we have a special coupon for you. If you're not ready for that, and you simply want to join a free facebook group. We have over 314 000 members and that's that first link down below. Like always, let's make sure that we in the year on our green now take it easy team.