Nasdaq had its biggest red day today since the past 2 months. Now the question is should we sell everything or be ready to buy the dip. I am here to share how I am going to prepare for a stock market crash by buying the dip!
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Test test, one two, one: two: what's going on team, it's ricky with tactical solutions. I hope that you guys are all having an amazing day. A lot of people were asking me ricky. Can you show how to short on the weibo platform? It's very simple.

I have a market order. I click short. I put the number of shares that i want to short it asked me: do i want to execute this and all i say is yeah, so this is a total of nearly sixteen thousand dollars where it's viewed as a short position, meaning that i make money as Tesla pulls back today will be the last day that i short tesla um. Let me explain to you why a lot of you guys know that i've been long on tesla for a while right, uh as it reached overbought levels, i locked in profits.

It continued to push up all that stuff right, we're not here to pretend like we can predict the future, but simply prepare for it. Now that tesla has dropped quite a bit right. I've been shorting tesla since tesla was at highs of 694. I want to say um and i i haven't been holding the shares every single time overnight uh, but i've been doing pretty well right as it hit highs of 700 and then has been making these lower highs and lower lows very simple setup.

But as we approach the previous support level at 600, i want to buy the dip on tesla, and this is what this whole video is about. A lot of people are freaking out, especially the people that were in amc. Let's be honest, amc recovering, you know, i'm still down on it right. I have 2 000 shares.

I reduced my position size as we approach the ema line. It's still showing signs of lower highs, lower lows, don't be afraid to talk about the risk involved. Don't be afraid to talk about, you know what is going on right, it's all about preparing and trying to make sure that you do what's best for your future self. Instead of being afraid and naive, and talking about the risk involved, i feel like the people that are having these open-ended conversations are going to be doing much better off big picture, and all i am doing right now is, if you think that this pullback, that we Experienced today is bad.

This is a drop in the water right for how this thing how this normally plays out. I'm not saying the market is going to crash that it has to pull back nothing like that, but it's healthy. It's healthy for the market to breathe a little bit after a consistent, green streak. Today, uh the treasury rates were not the best uh.

Overall unemployment rate was a little bit higher than anticipated. So we could see why the market is down one and a half percent who cares, but if you're freaking out, that is a direct representation of you, have too much money in the market. And if this is upsetting for you, how are you going to feel when the market pulls on back to the sma line? No one freaks out when the market pulls back when they're well balanced when they have enough money that they feel motivated, but not so much that they become an emotional mess. The only people freaking out are the people that are not prepared.
The people that don't have the money to buy back at the lower levels - i'm excited - i i mean to some degree - it's like i'm, not going to be going all in on tesla right now right, so i'm not going to buy the dip with everything i can Right now, why? Well because tesla can still continue to sell off, but i don't want to short it, because it's at a cheaper price 600 tends to be a common support level, it's at a cheaper price. So what i want to do is today be my last time, i'm gon na short it once i cover my short. I am super excited and the way that you cover your short. Actually, let me explain that uh, you just buy back your shares right, because shorting means that you sell first and then you just buy back your shares.

If you have 25 shares, you just buy them and then it covers your shorts. So that's the way that you cover your short on the weibo platform, but one of the things that i wanted to talk about is all i'm doing. Right now is preparing and i've never been so prepared, i'm preparing for if the market does pull back, i want to create an effective watch list. I want to create a watch list of stocks that i see valid.

I don't care about if you agree with me as you shouldn't care. If i agree with you or if others agree with you, your job is to take advantage of opportunity and, if you're prepared for a pullback start, creating an effective watch list, a pool of stocks that you want to buy the dip on. And how are you going to do so? The way that i'm going to do it is, as tesla begins to break below 620 a share i'll buy a couple shares right. I plan to be in with tesla for anywhere from around 750 000 to about a million dollars, so i might start buying.

In 50, 000 increments of tesla right i'll buy the dip at 620 i'll buy the dip at 6, 15. i'll buy the dip at 610, and, let's be honest, tesla can go all the way right back down to 550, for all, we know buy effectively, don't buy Because you think it's going to recover right away because that's that's that's a very hopeful approach but buy when you think it makes sense or where you find it to be a good deal that you don't mind holding it as it reverses amc. Obviously, being a little bit different, it's not much of a blue chip stock, really not much of a stock that i want to aggressively hold it's a riskier stock, but it also comes at a greater form of opportunity. Let's talk about it, i reduce my position size at these higher levels, so if it pulls off back guess what i'm going to do buy more with the same dollar amount that i had invested, that's all i'm going to be doing balancing out my position, size selling, The highs buying the lows: if that upsets you, i'm not here to please you - that's simple, do what's best for your future self, ignore the rest right and you'll see in the comment section.

It's so funny to me that all these people that are bag, holding amc, blame everyone else, but themselves for their failure. Right we've talked about it. You have two responsibilities: manage risk and manage position size lock in profits when it makes sense reduce it when it does it. That's all right.
I want the screws to happen. I wouldn't have money. I wouldn't have 2 000 shares right now in amc. If i didn't want amc to push up right, but i'm not going to be naive, i'm not going to be blind.

I'm not going to be narrow-minded in the idea that it has to go according to plan. Nothing has to happen. Nothing is guaranteed in this market. Stop pretending like it is that simple, so i'm excited to follow up with my watch list.

I was thinking about making a video um if the market were to pull back the top five to top 10 tech stocks that i would love to invest in a lot. I know a lot of you guys really like when i make those videos and i'm excited, i'm eager to buy the dip on these stocks and if you guys, look at the nasdaq market on the four hour time frame, we have ways to go. So if you're freaking out right now, i don't know what to tell you, i'm never here to encourage you to buy. Never here to encourage you to sell all.

I'm saying that if we do begin to pull on back, not saying that we will. But if we do, i hope you're prepared to be able to tolerate this pullback, because the only people that freak out when the market pulls back are those that were not prepared. Everyone else is excited to buy the dip and ride the recovery, because they're they're mentally stable in the idea that they don't have so much money on the line. I think that's the best way to put it, so i really do appreciate you guys time.

I hope that we earned your thumbs up in this video. Don't forget, we are running a sale on the shop tech but site, so everything from our mouse pads everything from our flags. We just did a full restock, uh everything from our aluminum art and our apparel. It all starts at 19, it's free shipping and you get an additional 25 off everything on the site.

Just make sure you use promo code suns s-u-n-s at checkout, so today is game. Two excited to follow up. If you guys want to join our free facebook group. That's gon na be that first link in the description.

Like always, let's make sure that we in the year on green now take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

33 thoughts on “⚠️ how to prepare for a stock market drop?”
  1. Avataaar/Circle Created with python_avatars Anthony M. Hassert says:

    Thanks ricky, you really do help me think differently. Love every vid

  2. Avataaar/Circle Created with python_avatars Jakub Kowalski says:

    Just sold all of my amc. My regreat is that i didnt do that earlier when it was in range 50-60. Glad i did it when it was at 48. Paperhands? Mayby. But I look for my future self and for my it is better to payoff my debts. Still have some long positions on SQQQ in case market will go down in possible market crash. 10 years of bullish market is enough to thing that it will last for ever.

  3. Avataaar/Circle Created with python_avatars Ethan Berk says:

    ricky i have big blisters on my feet

  4. Avataaar/Circle Created with python_avatars Ted Tates says:

    amc went nuts later in the day and so did SPCE it wasn't actually to bad of a day it started terrible though..

  5. Avataaar/Circle Created with python_avatars Ted Tates says:

    where's all the emotional people down in the comments? looking for some people to share a bong with. smoke and trade every day

  6. Avataaar/Circle Created with python_avatars Trader J says:

    Hey Ricky! Would you be able to make a video on how and why to short sell a stock for the average trader? Emphasizing the risks involved with short selling. It's a simple basic concept that is not that simple to me. I've been investing long term for years but began short term trading in March with decent success because of your videos from the last 4 years.

  7. Avataaar/Circle Created with python_avatars Moon says:

    I love the discipline in your actions with the market, that trait is extremely important, people need to stop acting like the market works for them, you gotta put your money to work, respect for saying you cut, the TA looked awful earlier

  8. Avataaar/Circle Created with python_avatars Ronan Damnod says:

    Watching the growth of stocks and financial assets in few years, everyone should start investing pronto even with the dip cause of the surprise in stock rising!

  9. Avataaar/Circle Created with python_avatars lehel sarkadi says:

    How are you able to see te chart to the aftermakets on webull?

  10. Avataaar/Circle Created with python_avatars Rob Almasi says:

    I love the pullbacks in the market. They give good entrances, and keep traders grounded. Without them happening somewhat frequently people get overzealous and trade dangerously.

  11. Avataaar/Circle Created with python_avatars Ryan Wokutch says:

    Man your voice calms me down 😂

  12. Avataaar/Circle Created with python_avatars Ruben Ker says:

    Is the market always like this? Like that nervous? And do folks always say it's gonna crash, it's gonna crash? Like someone is farting and it's dropping like nuts?

  13. Avataaar/Circle Created with python_avatars Christina Isenberg says:

    Thank you for taking the time to make your videos. I look forward to each one. I'm new to investing on my own and have a learned a great deal from you.

  14. Avataaar/Circle Created with python_avatars Jorunn Berban says:

    I smashed it Ricky!

  15. Avataaar/Circle Created with python_avatars AJ G says:

    Just sell , pay capital tax on profit, then wait for correction. Da.

  16. Avataaar/Circle Created with python_avatars Joseph Salas says:

    So did you prepare or did you sell AMC on that massive Pullback ?

  17. Avataaar/Circle Created with python_avatars Alexander says:

    We all love when you make TA videos. Look at your live streams saves they perform better even when they are old live streams

  18. Avataaar/Circle Created with python_avatars Charlessborne says:

    Investors should avoid picking stocks unless they are actually willing to research the company. If you listen to these YouTube guys and chase big returns by investing in the latest hot stock, you're likely to overpay

  19. Avataaar/Circle Created with python_avatars francisco medina says:

    excelent

  20. Avataaar/Circle Created with python_avatars Money guy says:

    No one freaks out when the market pulls back when they're well balanced

  21. Avataaar/Circle Created with python_avatars Dennis Tatari says:

    Looking forward to the watchlist!!

  22. Avataaar/Circle Created with python_avatars thats it says:

    AMC going down back to $5. SELL SELL SELL. buy it back at $5. Don't be a fool… SELLLLLL

  23. Avataaar/Circle Created with python_avatars Jiří Dvořák says:

    Every month regular video for Market crash.We can hear it from all sides that market is going to collapse…But as fast it goes down,then fast recovery come in (at least to big stocks).So hope that TSLA come back to 680 eow.Please dont short 🙂 we want gains on rise as shorting is not good for us as newbies.

  24. Avataaar/Circle Created with python_avatars the matrix has you. says:

    Is this the CRASH!!!! Hide your children!!! OMG! Im scared mommy i need breast milk now… Aaaaaggghhhh!!!! Panic panic panicking 😢😰😢😰😢😰😜😂😜🤢

  25. Avataaar/Circle Created with python_avatars 787UrbanApparel says:

    Yup !!!

    Market Internals is telling 78% of stocks are declining … get those PUT contracts .

  26. Avataaar/Circle Created with python_avatars Alex Foreman says:

    Enjoyed the video & I was actually born in Mesa, AZ so Go Suns!! 🏀🌞🏀🌞

  27. Avataaar/Circle Created with python_avatars Legend 354 says:

    I've been buying CGX is the ticker, a Canadian cinema, hoping it's gonna be the next AMC.

  28. Avataaar/Circle Created with python_avatars Dreaming outloud says:

    If the market does pull back make a video of the top 5-10 tech stocks.

  29. Avataaar/Circle Created with python_avatars DVS says:

    buy a stock with high negative gamma… $GME obviously

  30. Avataaar/Circle Created with python_avatars Ricky Gutierrez says:

    The plan is to prepare not to predict. Only those who aren’t prepared will be the ones who freak out! Excited to follow up!

  31. Avataaar/Circle Created with python_avatars Sunny D says:

    Always have a plan on how to manage your trades in the event of a pullback.

  32. Avataaar/Circle Created with python_avatars Luca Rizzi says:

    goat

  33. Avataaar/Circle Created with python_avatars Sea Pickle says:

    First

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