As the stock market sells off another day today was the first day the stock market did not make new lows. I decided to buy $50,000 worth of TQQQ today at an avg purchase price of 53.38 a share. The stock market selling off can be a scary thing, but if done correctly it can be very rewarding!
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Hey: what's going on team, it's ricky with tack, bud solutions, so i wanted to update you guys very quickly. I was able to step away for a little bit and kind of just wanted to talk about my position as of right now that i've taken one of the things that i quickly wanted to talk about is today, especially for those that have been following as the Nasdaq market has been selling off well, really, everything has been selling off right as of right. Now, today was one of the first days that we didn't make lower lows. We still were in the red.

I you know, there's no question about that, but if you guys look at the four hour time frame - and we look at yesterday's lows in comparison to today's loads - it was one of the first days and i think you could see it a little bit more clear When it comes down to tkq uh with tqkq on the day chart, you could see that again. Today was one of the first days ever since this sell-off, and especially since we broke below the moving average that we did not make lower lows, it's not a huge improvement. It's it's not that the market is recovering. It's a step in the right direction.

Right. The market was still red and the market was still read quite a bit uh the overall nasdaq market was down. If i'm not mistaken. A little bit over two percent uh tqq was down seven point three: eight percent um.

I think i did a decent job. I've been really trying to wait when to take a big position on tikihu. This isn't a super heavy position, but this is a decent amount for at least myself, and this is about 56 000 uh. Overall, p l of the day is 251 dollars in the red.

I have a thousand shares a little bit over a thousand shares. My average purchase price. Just so you guys could see it is at 53.38, so that is my average purchase price, but i'm down on the overall open is 166. again.

This is in the very early stages of what could potentially be a reversal. The market does not have to recover. I thought that, because of today's performance and not making lower lows, we're gon na have to wait and see how the market opens tomorrow, but as right now, the nasdaq futures market, which trades you guys can look into it right now, it's in the green, which means That based off of how much the nasdaq market is up right now, we should see tqq open about 1.5 in the green. So that's great news for me, i'll i'll, be up about 750 or something like that right at market open, but that only matters if we continue to recover.

So please. I cannot stress this enough. If you choose to buy in early watch that position size be selective with the stocks you choose to buy the dip on and, most importantly manage that risk. We can't just think about the upside.

We have to have an exit plan if things get worse as they 100 can, but a lot of people were kind of asking the question of like yo like what happened. The market sold off again, if you simply look back how the market performed yesterday and how the market performed today again ever since our overall sell-off today was one of the first days that we did not make a lower lows day after day, which is again. It's not huge improvement, but it's a step in the right direction. So um! That's why i thought that i would make this video and just update you guys not just on my green days but of course, on one of my red days.
I want you guys to know that you're definitely not alone. I wanted to see if potentially tomorrow, i have enough time to make an earlier video for you, as some of you guys know again, uh my girl and i just had our first ever baby right. So we just introduced our baby girl into the world uh, so my sleep schedule is kind of all over the place, but i would love to make an early video for you guys updating you on my tqq position. If i decide to lock in profit, if i decide to manage my risk whatever the case might be, i wanted to show you my average purchase price.

I wanted to show you how much i was down and my overall intention on why i'm seeing that the market hasn't made those lower lows. I see that to be a step in the right direction and then that's what i plan to step into. Yes, if we really do begin to see indication of a recovery i'll go in with about 150 to about 200 000 in tqqq and based off of what it offers again, i'm not a perfect trader. I'm not here to pretend like my trades are going to play out perfectly.

All i know is that i have a lot of margin to work with that's over 60 percent margin for potential recovery. Even if i capture 20 of that, i would be very happy if i have 200 000. I captured 20 percent of that. I'm not going to complain right, so i'm very excited to follow up.

Watch that position size be selective with the stocks you choose to take advantage of, and if you choose to buy early, manage that risk and again make sure you are never afraid to lock in profits if you begin to see a change of direction. So again, if you guys want to join our free discord group, that's going to be that first link down below. I hope that i earned your thumbs up. I hope that you're excited for tomorrow and the days that follow uh and only time will tell so.

I appreciate you guys time please consider subscribing and like always, let's make sure that we in the year on a green now take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

29 thoughts on “I’m buying now!”
  1. Avataaar/Circle Created with python_avatars J S says:

    Congrats on the baby Ricky…. You sound like you are battling covid like you are just getting over it

  2. Avataaar/Circle Created with python_avatars TAPP Channel says:

    Where do you see sign of recovery? You’re breaking your rules:) Congrats on the new babygirl man… Enjoy

  3. Avataaar/Circle Created with python_avatars John says:

    Congrats on your new baby

  4. Avataaar/Circle Created with python_avatars BoyOsc20 says:

    Been waiting all day for a vid man thanks!!

  5. Avataaar/Circle Created with python_avatars Corey Perez says:

    I made 4$ on SQQQ today! We won't talk about my TQQQ position…

  6. Avataaar/Circle Created with python_avatars DJAbnoub says:

    Congratulations on your new baby! God Bless

  7. Avataaar/Circle Created with python_avatars Lyon says:

    So this is a TQQQ channel?

  8. Avataaar/Circle Created with python_avatars Emma Anthony says:

    I've lost quite a good number of coins in the current dip,I just hope I find a way to recover from such a massive loss.

  9. Avataaar/Circle Created with python_avatars aqpclimber says:

    Congrats man!

  10. Avataaar/Circle Created with python_avatars Alex F says:

    I stayed away from the market. I feel like tomorrow's Fed meeting is a bigger catalyst than any technical indicator. Even then, I'll probably only day trade setting quick stop losses if it goes against me, since potentially the market could bleed for months.

    It should be interesting in determining how much is already priced in when Powell speaks tomorrow. If it's what we expected, "I'm guessing" it will just be flat or choppy. However, if it's good news, it could rocket for the next couple of days.

  11. Avataaar/Circle Created with python_avatars FRANCISCO JAVIER MEDINA PAZ says:

    excelent

  12. Avataaar/Circle Created with python_avatars Jen Y says:

    Congrats Ricky

  13. Avataaar/Circle Created with python_avatars Erik Ledezma says:

    People don’t realize the market has already priced in any negative news from the fed coming out tomorrow. Buy when sh*t gets ugly, which is now. Don’t be that guy.

  14. Avataaar/Circle Created with python_avatars Sam hdz says:

    Congratulations on the baby 🤝

  15. Avataaar/Circle Created with python_avatars Greg says:

    this made me feel better

  16. Avataaar/Circle Created with python_avatars Vladilena Milizé says:

    Congrats to the baby!
    Made some profits with SQQQ while TQQQ was on red!
    Def will put in a small size on TQQQ then size up when I see more confirmation!

  17. Avataaar/Circle Created with python_avatars Jaime Gutierrez says:

    Remember fed speaks tomorrow. So can still sell off. So watch position size

  18. Avataaar/Circle Created with python_avatars Robert J Stape says:

    What about the Fed though at 2pm tomorrow???

  19. Avataaar/Circle Created with python_avatars Carlos Ceron says:

    Congratulations on your little princess brother. Can't wait to have mine!

  20. Avataaar/Circle Created with python_avatars Jan Michael Manuel says:

    Congratulations on your baby 👶🏻

  21. Avataaar/Circle Created with python_avatars Investing, swing trading, day trading says:

    Show us the baby please! Congratulations!

  22. Avataaar/Circle Created with python_avatars JacobHoffman says:

    Let’s do it!🚀🚀🚀

  23. Avataaar/Circle Created with python_avatars Sergio Aguilar says:

    3

  24. Avataaar/Circle Created with python_avatars diego mendo says:

    2

  25. Avataaar/Circle Created with python_avatars Army Joe_98 says:

    Congrats on the baby

  26. Avataaar/Circle Created with python_avatars Lil Tony XXX says:

    Got the mouse pad 🤝

  27. Avataaar/Circle Created with python_avatars Andrew Ahrens says:

    First

  28. Avataaar/Circle Created with python_avatars Tanner Hess says:

    2

  29. Avataaar/Circle Created with python_avatars Roman Shepil says:

    1

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