Hey: what's going on team, it's ricky with tackle solutions, quick little update for you guys. We show you the green days. Here's one of my red days, so i still have 3 300 shares nine thousand dollars in the red. But that's not what i'm going to be talking about today, one of the things that i first the reason i wanted to.

First, showcase you, my amc position is some people are asking for an update and some people are feeling like they're alone with amc stocks selling off. I supposedly heard i don't watch any of the other youtubers, but supposedly all they do is talk about it, but never actually show when they're down. I wanted you guys to know that you know this is part of the process. Right amc is pulling on back.

If you want to manage and mitigate risk all power to you, i'm never here to convince you to hold for my own good, i'm never here to convince you to sell uh for my own good, it's at the end of the day. Everyone should have a plan. Um and if you feel like there's a break a pattern or a reason on why you should cut losses, reduce position, size or lock in profits, so be it right. So i just wanted you guys to know that you're definitely not alone and yeah.

I am down a couple thousand dollars on amc right: let's go ahead and talk about the nasdaq market. This video is not clickbait um. A lot of you guys know that i had uh if you're part of the learn plan profit group they get to watch me. Trade live every morning and one of the things that i've been talking about is i made a mistake right.

I decided to sell early on a lot of my tech positions um. I never think it's a wrong idea to lock in profits, but i'll admit right for everyone out there for everyone watching this i did sell early. Well, we have this stand within our group. No one goes broke by locked in profits.

I would rather be someone that sells early versus someone that sells light right. What i decided to do today. This is not an encouragement for you. I know that it's very early on the nasdaq market can continue to uptrend, but because we hit all-time highs on the one day one minute chart once it began to indicate signs of a resistance level and then it broke below the estimate line.

I decided to take a position on sqq i added. I have 4 000 shares now. I originally only had 2 000 shares of sqq in my fidelity account. I added an additional 2 000 shares, which amounts to about 16 000 at an average purchase price of eight.

Thirty four, and that was today uh our settlement date - that's 7, 15 uh when it had fully settled, but today i execute on 7 13. My apologies. The reason i want to talk about this is some of you. Guys might be like what the heck is.

Ask qqq first off it's a triple leveraged etf, it decays over time, and it is not for beginners. This is one of the things that you guys will learn from my videos. I'm never here to encourage you to trade. What it is that i'm trading! I know that i'm early into this potential reversal, i find the nasdaq market to be very overbought, and because of that, let me explain this to you the way that sqq goes up.

It's not like a stock right. The way that sqq this etf goes up is when the nasdaq goes down. This goes up. It's pretty much like shorting the nasdaq market, so this shows short qqq the really cool thing about this, but also the very risky thing about this again being open-minded when the nasdaq market moves.

One percent sqq moves three percent, it's a triple leveraged etf. Is this something that you want to bag hold over a long period of time? No, let me let me talk about all the risk involved. First before i talk about the potential right. Is this something that i want to bag hold overnight? No is this something that i want to be fully invested in right now before any confirmation of a reversal? No, because this thing can easily continue to sell off right and because it decays over time and because the market is more bullish than it is bearish.

This is probably not something that i'm going to hold for a very long period of time, but when the market does pull back right, we've seen it pull back. You see movements like this, where the market peaks and when the market peaks ask qqq, finds the support. Then the market pulls back a little bit again, not talking about a crash, i'm not here to scare you, i don't care what you do with your position. Just do what's best for your future self, i'm telling you that as the nasdaq market hits all-time highs, i see there to be an opportunity here for sqcq.

I decided to get in early there's a greater form of risk, and i'm talking to you about about both sides. If the market continues to go up, this thing will go down very simple. If the nasdaq market does pull back a little bit as it's at all-time highs, then this thing will begin to go up as it did. You know right around may right it pushed up and from this movement alone, when the nasdaq market, you know uh, i think, pulled back for just like a week or so uh.

I think it moved yeah 23. So it's not that i expect the market to crash. It's nothing like that. You know i'm not here to convince you um.

All i'm doing is you know, hey the nasdaq market. Uh showed signs of a resistance level. Today, it's still super bullish. That's why i'm not fully invested i'm not in with a hundred thousand dollars right.

I'm in with, i think, with 4 000 shares. It amounts to be like 34 36 000 - something like that, but i see it to be overbought and i can see the potential for it to pull the potential for it to pull back um, but it doesn't mean that it has to happen anytime soon. I'm talking about it, it's super early, it's risky right now, because we have no confirmation. So if you're an absolute beginner, i would not do what i just did, but if you're someone that wants them to skin the game, if you're someone that's really good at managing position, size managing risk, if you're just i don't - i i can't imagine it being just Me who's just tired of these stocks at all-time highs, moving up or moving down, half of a percent or one percent on the day, i'm just over it right.

It's just like i'm. Just tired of these stocks, barely showing signs of any uptrend right. We know the market's overbought, i'm just preparing. I will add more.

Let me share my plan with you. I will add more to my sqq position when the nasdaq market breaks below the uh ema line, so in the nasdaq market breaks below the ema line. I will add more to my position. Size.

2. 000. More shares 16, more thousand dollars right once we make lower lows i'll add another 2 000 shares up into the point where i'm in with a hundred thousand dollars, and i will decide to lock in profit at any indication of a support level for the nasdaq market And at any indication of a resistance level for sqq that simple, so if let's say it tends to get rejected around the sma line from where we're at as of right now to previous resistance levels, that's about 17. A goal is something to work towards, not something that has to go according to plan every single time.

I love talking to you guys about where i see there to be opportunity, but i never forget to talk about the risk right. I'm never here to convince you, as you should never be convinced about where to put your money. The idea behind trading. The idea behind investing is understanding the risk involved, understanding the opportunity and understanding the risk involved, and only taking advantage of opportunities in which you can tolerate.

That doesn't just mean the potential for profit, but that also means the potential for loss, manage that position, size, formulate that plan and never be afraid to lock in profits. I wanted to share that with you guys. Let me know in the comment section what you guys think: do you think that i bought into early? Are you adding it to your watch list? Do you think that the nasdaq market is only going to continue to uptrend, i'm not trying to predict the future? All we're trying to do is prepare for it, so i really do appreciate you guys time. I hope i earned a thumbs up in this video.

I will see you if you're part of the learn plan profit group for our live trading session tomorrow at market open and if you want to join us, feel free to join us. It's the second link down below to join us tomorrow at market open for our live training session. If you guys want any of our cool, mousepad flags or aluminum art make sure you click the third link down below and we are running a cell right now. Promo code suns s-u-n-s, and that will get you 25 percent top everything on the site and, of course, free shipping within the united states.

Like always, let's make sure that we end the year on a green now take dizzy team.