I Decided to sell my entire tqqq position in effort to prepare for a pullback. It is too early to tell if the stock market is going to recover right now.
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All right, so a lot of questions about my tqq position. I don't know if you guys will enjoy this video. I wanted to show you my entries and my exits for all of my trades today today i shared one of my live trading sessions, i'll link it down in the comment section, if you guys haven't checked it out uh but yeah. If you guys want me to make more videos like this, where i show my entries and my exits because you find it to be useful, just make sure you drop a thumbs up and of course, consider subscribing.

So today, i'm in a little bit over twenty five hundred uh profit on t eq, tq tqq gapped up about 9.6. Today i decided to sell because i viewed it to be overbought. It's been very bearish for about four weeks uh and it's not overbought. Obviously, on the day chart right, it's very oversold if anything, but it's had three consistent green days or two consistent green days.

Uh thursday of last week was read, and then wednesday was great. One of the things that i do want to take into consideration is that we really gapped up very aggressively. We began to kind of trade segways i was like. I don't want to mess around with this.

I want to show you guys all my orders uh. So again, my entry, my very first entry today on the 31st of january. I wanted to show you guys this uh. This was all caught during today's live trading session.

I bought bought, sold, sold and again you can see right as uh tqqq began to indicate signs of an uptrend uh and making higher highs and higher lows and break above resistance levels. You can see that you know we were approaching that um. What's it called 58 resistance level and as we were approaching 58 i decided to sell we broke above 58 and then again it pulled back very quickly decided to buy the dip. Uh began to push up, we broke above 58.

I decided to lock in profit. So this is when we were right around this general area. I continued to indicate sound of an option. I bought a little bit.

Heavier sold once again bought a little bit heavier now. We're at 59 sold once again bought a little bit more at 59.44 and then my final sells were again not perfect, but they were at 60, uh, 31, 60, 35, 60, 44, 60, 45 and then 60 22.. So my best exit was down here and then it gapped up to 62. One of the things.

If you look at the overall futures market nasdaq is down 0.41, which means that t qqq. If the market was open right now, it would be down about 1.5 percent. So this would bring it back to about 60 dollars and 50 cents 16.70 um, and one of the things that i can't stress enough is that some people are getting too confident right now, uh, i don't know if this is you one of the things that we Need to ask ourselves, is you know what caused this market to drop inflation right? The talk about inflation and then obviously interest rates anytime, that if there's talk about interest rates, going up the direct catalyst right, the direct response to tax stocks? Is they plummet right when interest rates drop tech stocks go up right? This is something that you need to take into consideration, because if anything, nothing has changed right. Yes, there has been the news of these interest rates and inflation, and the market always tends to adjust.
According to that, so one of the things that i was recently reading in an article is that the market has already adjusted to the talk about inflation and interest rates. Where you know we hit the bottom and now we're recovering from here. I hope right. I really hope that the market begins to recover.

I really hope that this is the bottom for the overall market, but i can't predict the future and there's no reason to pretend to so, because of that i decided to reduce my position size in case the market. Does pull on back friendly reminder? The only people i get upset when the market pulls back are those that bought the dip, and then it got cheaper right when you buy the dip and then it continues to dip it's one of the worst feelings. So make sure that if you did, if you do decide to buy an early, there's nothing wrong with that, especially if you're putting your money in good quality stocks at these cheap levels, cheap is still cheap. The question to ask yourself is: what's your intention: if your intention is to buy the dip and hold and you're okay with if it continues to dip, you can tolerate that then so be it watch your position, size, meaning, don't buy so much that you become a Rational mess and also take into consideration that, if the direction isn't in your favor, then maybe you know really taking that into consideration and setting proper expectation on the time that it will take for the market to recover.

I just really would hate for you to see um. I would i really just hate for you to buy the dip, it drops, you choose to cut losses and then the market recovers. All you really needed to do is if you would have given the market more time, it would have recovered. But maybe because you were so aggressively invested you you could tolerate the pullback again, don't always just prepare for the best, but also prepare for the worst.

And if things do go according to plan, then great, it's much easier to average up than it is to have to aggressively cut losses. So if you do decide to buy an early, just have proper intentions, just look out for yourself. I still think that we have a promising week ahead, even with the market's current performance. Tesla did absolutely amazing.

Today, over ten percent uh and a handful of stocks, you know gapped up eight point: five percent. It was an amazing day for tech stocks but, like we say within our learn time, profit group on my green days. I prepare for my red days and on my red days i prepare for my green days. So, let's not be blindsided by just a couple of green days and thinking that the market has to recover the market doesn't have to do anything.
Watch that position, size, stay, effective, stay well, balanced and take. You know risk management into consideration if things do begin to go south just make sure that you're prepared either manage that risk or be prepared for it to pull back so mentally. You don't have that mental warfare right as long as you anticipate it you're at least somewhat. You know prepared for it.

So i really do appreciate you guys time. I'm excited for our live training session tomorrow. If you guys care to join us again, it's for the learn plan, profit group, and that's going to be that second link down below. If you want to watch me, trade live as soon as tomorrow.

I really do appreciate you guys time. I hope that earned your thumbs up. Please consider subscribing and, like always, let's make sure that we in the year on green now take it easy team.

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13 thoughts on “I sold it all!”
  1. Avataaar/Circle Created with python_avatars Not a Gamer says:

    Are you going to go for sqqq?

  2. Avataaar/Circle Created with python_avatars Luck Scratcher says:

    Buddy how do I get W2 from Robinhood early

  3. Avataaar/Circle Created with python_avatars JRom says:

    Seems like everyone overreacted per usual, so she tanked. Now are they slowly getting back in?

  4. Avataaar/Circle Created with python_avatars Christian Mitchell says:

    Is TQQQ the opposite of SQQQ?

  5. Avataaar/Circle Created with python_avatars Patrick Schimpf says:

    Emotional damage

  6. Avataaar/Circle Created with python_avatars Matt Russell says:

    Boo!

  7. Avataaar/Circle Created with python_avatars Sawan Sharma says:

    Love from India🇮🇳

  8. Avataaar/Circle Created with python_avatars Claudio Aguilera says:

    Same here, it seems like we can buy from lower levels

  9. Avataaar/Circle Created with python_avatars Thomas says:

    First… worth a free membership 👍

  10. Avataaar/Circle Created with python_avatars God Loves You says:

    SMART MOVE RICK!

  11. Avataaar/Circle Created with python_avatars miguel Rosario says:

    Hi

  12. Avataaar/Circle Created with python_avatars miguel Rosario says:

    First

  13. Avataaar/Circle Created with python_avatars Gx2m says:

    Thanks for your info Ricky!

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