Foreign an amazing Wednesday Dang it's already Wednesday Bummer Already halfway through the week? I Mean do we only have today and two more days to trade? Here we go. The market just opened markets moving up. See what we got going on today? Let's see if we could form some higher highs NASDAQ obviously. Um, in the red, a lot of companies um, reporting earnings today Tesla ATT Boeing being a handful of them I Just want to see if we pull on back to that moving average.

Let's give it some time that hold him. That's actually quite surprising based off of recent patterns. Look at that. Yep, still moving up I Just bought 500 shares which is equivalent to 22 000 worth of ass.

Kiki Cube Just making the edge where I'm still moving up. Watch out for that resistance at 44.50 right? Let's be aware of that. Oh shoot. I apologize.

It comes with the age I just begin to forget things. Yeah, sorry I apologize here. He goes 44.50 let's see what we can do here. So Ricky I was thinking, man, you got so many cars, why don't you throw it I'd say that that GTR so I could tour the GTR but that's not my intention with the GTR all my other cars they're too expensive for Turo I've tried it I I've wanted to make videos with it I Really don't care if other people drive them.

um, but Tura won't Ensure or allow people to rent my car because it's too expensive. So for my Lamborghini EVO to my Ferrari f8 I just it's not within the range that they allow. So yeah, all right dude. a thousand shares is forty four thousand dollars worth of SQ Moving up, not stopping.

Moving up, not stopping. Another forty four thousand got filled up 44.56 There it goes. Still gapping up I'm gonna stay light now I'm gonna stay at where I'm at right now 4468 4470 Interesting man. hopefully they do in the future because I heard it's the same way too much.

Yeah! I've used Tura before I used to rent out my first GTR I ever purchased. Um, onto room. So that was one of Turo's first influencers right after they went from being called the Relay Rides to room. so you know I I know them pretty well.

Yeah, we'll see. So that's Kikiq. Uh, up. six percent already and it's three minutes into the market open, right? Obviously.

Um, all this activity really happened. Or a big chunk of it happened after market hours yesterday. Um, and then pre-market hours today, right? We gapped up another two percent from the another three percent from the two percent that it was up yesterday and now we're at that 5.5 percent foreign. So we're approaching this moving average so we're going to have to be very, very careful with that 45 30 range.

right? 45 30 where that moving average is at? Could say yep. same thing for QQQ potential support here. Last time we did break a little bit below it, but I'm gonna have to be aware of that. So what I'm trying to look for is if QQQ is beginning to show signs of a support.

so as of right now it's getting rejected once again, but because of that into another 1000. Uh, so as of right now, my goal would be to lock in profits on Sqq by the time that it starts to get close to that moving average. So and it is very very close already and this is why I'm already questioning if I should even continue so you can see my little predicament right now, right? The little pickle that I'm in of like okay, well I mean it doesn't have to touch the moving average right? In a perfect world? Yeah, we'll touch. uh, 28206 but we already touched 282 48 right? that's close enough.

Macdy's looking oversold so I need to take that into consideration of like hey, is this the bottom of QQQ and if so, I need to get out of ask geeky Cube So what I'm looking for just so you are all aware as I'm trading, Sqq is asking myself, is this the bottom of us the bottom of QQQ because if it is and it correlates to the top of SQ And here it goes. it's going to begin to show signs of potential reversal. Watch for that big green candle. All right, All right, our size over bot look at that.

I'm long on Tqs. Okay, I'd be careful with that Just right now. if you're long as in, like you don't intend to sell anytime soon and that's different. But um, with up-and-coming earnings I mean I think it's been 75 companies or 70 companies that have reported earnings that make up the S P 500, right? So there's still a lot more companies that are set to report earnings, especially the big Tech And remember, we're looking for progress.

Progress. Progress progress. If there's no progress, why do we have an open trade, right? Why do we have an open position if there's no progress? So we always obviously have to give it time. It's not like, oh my.

God it's been two minutes. There's no progress. Get out. No.

it's like, you know if we're already overbought just like I am on Sqs, right? I Would consider that to be more on the overbought side based off of the day chart and then we're beginning to lack progress. I Just have to be on edge I Have to be on my toes I Have to be aware that direction can change I'm gonna have to respect that. So Macd looks. Fair Our side doesn't look too attractive.

It looks like it's almost still getting rejected. Uh by that. EMA So I am not in Tiki Cube I am in Asuki QQ that's why I'm looking to see if there's if this is the bottom of of QQQ right? Because if this is the bottom of QQQ then that would mean that we are close to the top on S Kiki Cube So we are testing the EMA line here right? Last time, we did test it as well, but then we got rejected. Tesla Looks like a good trade.

it shouldn't. Okay, Tesla's gapping up. I'm still testing foreign signs of a resistance right here. Okay, showing signs of a support we're testing right now, right? There's no break of pattern just yet.

We're testing support level here. So what I'm looking for is a reversal at this potential support range that we've had during that pre-market session. Remember, patterns tend to repeat themselves. they do not always have to.

So I'm just making you aware of what I'm looking at right? if we get rejected here by QQQ and remember: I'm always trying to look at the single leverage ETF Not Tqs, not Sqs, but Q Q right? If you look at QQQ and you perform previous technical analysis, that's bound to be the most accurate one versus any triple leverage ETF Right here it goes: showing signs of a support. watch for a big green candle and watch for that. Breakout Let's see if we get it. Let's see if we get it.

see if there's enough buying pressure? Well, impressive, Foreign. still moving up our goes. Going to be testing at 284 Same resistance here, right? Let's see what we got here. All right.

let's be careful. Now we're looking a little bit more on the overbought side for QQQ and if that momentum does not continue, then we should be forming a peak and a potential reversal. But again, no confirmation just yet. just making you aware of what these indicators are telling us right? Mac is becoming overextended.

The RSI is becoming overbought. Pat You know indicators Rtb is as reference never. As a sole reason on why to take a trade, we still need to wait for confirmation of this reversal. So that's what I'm looking out for now.

ask you right? Textbook setup: RSI is oversold. Macd is beginning to look. You know, um, oversold as well. Overextended.

On the downside, So what I'm looking for is for this reversal, right? Are we going to get that reversal? So again, just explaining my thought process to you guys of what I'm looking at, we pulled back and even if this were to be a little dated, right, we wait for that confirmation work towards making new highs. That's a one percent move, right? rejection, consolidation and then wait for that confirmation stage. Here it goes. So oh, broke back below.

EMF Stay patient. Okay so Ricky if I buy, ask you out. Give me one second if I buy Esky He could have multiple prizes for an example at 52 and at 41. And if I sell at 41 Is that considered to be a loss? Well you're going to have your average purchase price right? So um, if your your position should should tell you your average purchase price, Um, and it should be very easy to be like, well, did you sell for a loss overall or um, are you still in the green right? So that's kind of the question to ask yourself.

Here we go. Um, but that is kind of the tricky part. I mean 52 is pretty significant right? because right now we're at 44.. So right if but with 52, you said 52 and 41..

So Vicki if you bought like, you know 100 shares at 52. but let's say that you bought 1 000 shares at 41.. obviously most of your position was purchased at 41 so therefore that will have more weight. So when it shows your average purchase price, you can probably sell at like 42 or 43.

And because how much more significant that 1 000 shares versus that 100 shares? those are those 10 shares that you bought at 52, you know it's not going to take much because a majority of your position was actually acquired at 41. So uh, can you tell when you're adding the stocks? please I mean your voice over when you're buying I am saying it I I Always voice it out Now we've had enough People say okay, we can't see your screen. Tell us, Tell us, uh, what are your views on Tesla's results today? Uh, should we go into some open position, Remember again, if you're intention is to go long term I still think Tesla's a really good deal right? overall Long term as in like you know, five to ten years Um I think it's very, very oversold I think with what Elon has planned for it, you know it's very encouraging. but can I drop today? Heck yeah.

Oh yeah. do I think that it will I Still think that I mean it did have a 40 rally, right? We went from 101 to 141, so taking that into consideration, that is a pretty significant rally. Uh, does that mean that it has to, uh, pullback? No, not necessarily. I just don't think that it will I still think that it's very oversold based off of you know it's three to four hundred dollar previous price point valuation, right? So as long as it doesn't show um, worse than expected guidance or forecast, then we should be good.

Um I think if I'm not mistaken Tesla announced that its deliveries were a little bit delayed obviously because of its Shanghai plant being um, delayed or shut down during you know, the Covet protest. So as of right now, it's not looking very encouraging. Based off of I think Microsoft pretty much set the tone. We will see what Tesla does today.

I'm not here to predict the future I'm here to prepare for it and remember I would rather be late to a rally than early to a sell-off. so it's all about your intention you don't need to force yourself into a position and if you do enter a position again, just make sure that you can tolerate. Worst case scenario, that's all I Ever ask for you please? So what you suggest? Long term or today trading? Well, first off, I don't know why you would be down that much. I Don't know if you're invested long term and markets have pulled on back and or if you're trading, but if you're learning how to trade, there's no reason why you should be down that much or you should be trading with that much money.

That just doesn't make sense. That's careless of you, right? It's like if I'm going to learn how to drive Ace if I'm going to learn how to drive and you know if my dad had a super expensive like Bugatti or something, you think it'd be very clever of him just because he has one that I should be learning how to drive him one. No, I'm more likely to crash it, right? I'm not experienced. Uh, can I transfer my account to Weeble Of course.

Yep, they have a transfer option when you're when you begin to open it so you can click the fifth Link in the description of this video and you can begin to open up your account and you can actually transfer your funds from another brokerage. I Mean the future will probably be dropped off though. Yeah, I don't think so I don't understand your question? Which area would you say that we are oversold with navs? I don't know what you mean by that. If you can explain a little bit more, please.

Uh, I Saw Al Emily I did to your question Um I do prefer Weeble over any other trading platform that I've used in the past before. Uh, we will consistently updating right if you have Weeble you understand what I mean they're constantly sending out updates I think they're you know, trying their best to not just be the best, but come up with new tools and resources and the stuff that they have is beyond what I've seen any other platform happen how quickly they've done. it is what's impressive to me. so very happy to be using them.

It's a snow jacket I want that word I have a tank top under this and that was a little cold. It's cold over here in Arizona right now foreign getting rejected once again. watch for the break below the EMA Be careful here, it's a pretty quick drop here. Testing Testing testing.

It's one of the things that I was going to begin to ask myself is we're not really progressing much here. So remember if we're not showing much progress on a position, especially when we're already up five six percent on the day, have to have those difficult conversations with myself in my head of like you know, could we hit eight percent? Could we hit 10 percent? You know what's my upside versus my downside I mean we haven't broken below the moving average so there's not a break of pattern. Um, and it looks like we have a slight resistance at 44.50 You see that 44.50 I'm just going to reduce it a little bit here. Dang it.

Come on buddy. Foreign, it's looking bearish. I mean it is looking bearish. but I know this thing can change on a dime.

We all know that right now. if it does break below this moving average, I could see a second wind of selling pressure. So let me update this. This is the one thing that I have to take into consideration.

But again, I cannot be greedy. We have to lead. By example. There it goes.

it did just break above 44.50 Okay, so I just reduced it by 2500 shares which is about a hundred and eleven thousand dollars. When this Tesla earnings going to be released, it gets released after the market closes today. Again, it's a very common habit of Big Tech reporting earnings after the market closes. Okay, so Big Tech normally reports not before the Market opens.

And by Big Tech I mean like Facebook I mean Apple, right? They don't normally report before the Market opens, they report after. So just remember that. Okay, here it goes: 44-51 It's struggling. it is.

It is not moving the way that I would want it to, right? I mean we're slowing down Yeah, I could pick up later and I agree. but it's it's concerning right now that you retire your parents. No. I I don't know if that's uh, my parents I'm pretty sure or I mean my dad's I don't know how to explain it.

My dad just likes to work, my dad's a handyman and he hates not doing something. so I'm sure if you have a dad that is in, you know, manual labor type of jobs, they always feel the itch or the need to do something. So if he's not working then he's working around the house or trying to do something. so it might be just the Mexican thing.

Um, but no, there's nothing that I could do to. he comes over to my house and when I was doing remodels he was like oh what can we do and yeah but I know it's not just a Mexican thing I know a lot of a lot of bats just always feel the need to move and look. there we go. Nice Gap up Beautiful push, beautiful push.

Going to retest there we go. Reducing It Again by 2500 shares right around 44.80 So I just sold 2500 shares. just making you guys aware. not that you need to sell but again, my job.

My focus is to lock in profits. anytime that I see something to be overbought. Just a reminder. we're looking at the RSI we're looking at the Macd we're approaching now 45 dollars a share, which is pretty encouraging.

One hour time frame. Let's look at QQQ Okay, under the one hour we still have ways to go on the 30 minute we are testing that support right? That 282 we talked about right right at Market Open We we all brought it up. We're all aware of it. Let's be aware.

Let's be prepared. Today is a win for me if I stick to my rules and stay disciplined even if my profits were very little. I Agree even if your profits were not there, right? even if you took the loss if you stuck to your plan, if you stayed disciplined if you saw an opportunity and you took advantage of it, but things just didn't go according to plan as in, like didn't go according to that trade plan, it's okay. that's still a huge positive takeaway.

You had your entries, you had your exits. Recognize that, right? Even on your green days, it doesn't mean that you you know had necessarily a successful day, right? Because you have to ask yourself, Was the Habit that you implemented that day actually something that promotes long-term growth? Because we all know we've all had the green days that we didn't earn, right? Well, we hold the position that we know we shouldn't have, but we just got lucky because of either Market direction or whatever the case might be. and we ended in the green. and we're happy about it.

But think about it. What if you were trading with 10 times or 20 times what you were trading with? do you think that would be a positive? Habit To have I would have made more sense to close it earlier on. regardless of the profit, you know what I mean. So I have a hard time trading with more than 20 to 30 of my buying power.

Any advice: start buying super small increments when you get to that 30. Mark By five percent more right? If direction is in your favor, I Mean you can have a checklist like directions in my favorites showing signs of progress and there's no greater upside, right? Just buy like two and a half percent and test it out. Then you can buy another two and a half percent, another two and a half percent. You don't have to remember like you have nothing but time.

You don't have to rush into this. There's no reason that you need to rush into this. So I'm selling 1500 shares here. We're going to be approaching that resistance at 45 dollars a share.

So selling 1500 shares at an average rope? There it goes. 45 I might have to re-enter. This thing's really moving right now and then. Seven percent on the day is what we are approaching 6.8 percent so far.

4504 does not stop. Wow. Yep. I Definitely sold early on this one, right? But just like this last rally, it rallied very nicely.

It felt great. But then, guess what? It gave it all back. And then there's uncertainty. right? Let's remember that let's remember that so I'm going to reduce it once again and I'm pretty much all out.

I should be How much more upside do you see on Sq's Well, it's kind of asking the question. Remember, when you ask that question, it's almost the reverse question for QQQ right? So how much more downside do I see on? QQQ Well, on the one hour time frame, right? which we've validated before, right? So that's a good one we have. We're at 281 means that we could potentially drop down to, you know, 279 something like that. So could we lose an additional one percent should be a 3.3 percent loss on the day, possibly.

So that means that we would have an additional three percent for Sqq. But if we looked at the 30 minute time frame, this is where it gets challenging because we're testing this moving average. but we did just break below it. So now what I'm looking for is for lower lows and lower highs.

And if we do get that, then again, we can transition into Sq's uh, or Tqs or just reduce it right. We don't have to go from one side to another. So foreign. Look at that.

This thing just doesn't want to stop. But remember at one point or another, this stock will eventually Peak and it is our job to be aware of that, right? We're not here to be perfect. We're here to be calculated. So just remember, if you were in Sq's and you didn't sell up here, how did you feel when it was selling off? Did he feel uncertain good then do something about it.

Now right here goes 45 10. we're going to retest. look at that pushing up even more I have to get ready directions still in our favor and I have to respect that. So if momentum continues I want to continue with it.

so I'm going to be ready for it. but I know that we're overbought. so I need to be careful. All I'm looking for is a quick momentum plug and I don't expect it to last a very long time.

But if I can make you know 10 cents or 20 cents of a gain fairly quickly with a large position, then oh, you know this is where scalping comes in. You get in and get out. uh. and I'm testing to see if we're going to make those higher.

Highs but nope, it's looking like it's going to pull on back. Yeah, Fomo. So this is what we have to be careful about, right? Let's make sure that we update our alerts. All right, let's not forget about that.

So let's update those alerts. Feels good to be on the dark side I Like that. but did you guys see how? I didn't hesitate to lock in profits right? Was my exit perfect? right? No way, right. My exit was not perfect I started exiting at 44.75 It hit highs of 45 17.

I was nowhere close to that. Let's see where we're at for the day. I left myself with my one lucky share 27 000 on the day. Surprise surprise.

I'm genuinely surprised that it was not aware that I was up that much. Um. and I I Yeah, Wow. Okay, that actually really did surprise me.

Uh, all right, but this is why I want to be careful, right? Are we seeing progress this direction in my favor? and I don't want to get blinded rubber except for those are a little bit newer to our live session and a little bit nearer to our learn plan profit team. Why am I not trading with seeing how much I'm up or down? Well, you know it. It can be distracting. It can be distracting if you know I wasn't looking to sell right when I'm at a specific dollar amount I wanted to sell and not think about how much I'm up or down I wanted it to make sense.

not because of how much I'm up or down, but because of what the charts are telling me. Remember what your up or down is irrelevant to the grand scheme of things. Remember that let's be careful here: 30 minute time frame on SQ Let me pull this one up. Yeah and again.

So this is what we're looking at on QQQ right? but you see how it looks a little bit different. We're below that EMA the moving average here on QQQ but on Sqq, we're still below it, meaning that it's still showing signs of a potential resistance. This is where I want to be careful because look at that. RSI Very overbought.

This is like screaming at me like ah, I'm up here I'm up here and again anytime that it's up here, right? Just like we explained in the course because of it. So being because of it being so overbought, it has the potential of pulling on back and if it pulls on back I don't make money when it pulls on back. If I'm gonna ask the QQQ this is where I need to take that into consideration of like hey, are we overbought enough that this is the top or is the upside no longer worth the downside? Risk another question to ask myself of. like when is enough enough right? at one point or another I need to be like okay, you know I Took my piece of the pie today.

You know our condition is still favorable. Do I still want to continue to trade? This is where you need to limit yourself, right? This is where the trade lasts. profit more. So Sqq moves way too fast and it's a very scary stock to trade.

It does move very fast, especially if you're just getting started, which is why we've talked about. You can just trade QQQ It's a single leverage right. You can short it. It can go along with it.

You don't have to over complicate it. You don't even have to short. You can just take today off right if you don't. If you don't want to.

the reason we're making money on Skeq is because the Market's selling off and as the market is selling off, then Sqq goes up. That's what I like to trade, but just because I like to do something I will never overwhelm you with my opinion, right? I respect you enough that I want you to make your own opinion. but I want to share with you of what I'm doing I want to share with you why? uh what? I'm doing why and explain my thought process. That's the whole point of our learn time.

Profit group right is. Regardless if my trade is good or bad, you guys have seen both sides of it. I'm sure there's positive takeaways on both sides of things, right? so just want to make sure you guys are well aware of that. So now we're pulling on back I feel very comfortable.

um that I sold my ass Kiki key position and this is the reassurance of like hey, you know I didn't do too bad I didn't sell at the top but I did definitely didn't sell at the bottom, right? It was good. That was a good exit. that's a healthy habit I Like what I did I looked out for my downside I wasn't greedy right? I need to remember this I need to write that down in my trading journal right? because if I'm here to try to make good habits I either. Like you know, continue to remind myself of what those good habits are.

foreign. So looking at the P L can disrupt the trading flow. make it uncomfortable when to trade with 30 or more break. Uh, break the trade plan on level Ricky does ignore the P L and focus on the plan I Appreciate that some people really like it.

some people really don't. Some people feel the need to always need to know where they're at. Um, if I respect your your opinion about that. uh I just think I know how I work and I get very distracted very easily.

right? You guys say it time and time again. I'm like hey, Ricky you're so calm or hey, Ricky you're so composed when you're trading. but it's because I'm limiting my distractions right? I understand myself enough that I want to put myself in an environment that I am more likely to succeed in, right? You guys know yourself more than I know you So therefore, if you need to be you as real as you can with yourself. If you really want this, then show it.

Express it right. You have nothing but time to get better. This is not something that's going to happen in just a week or a month. It's going to take a long time.

But then you can have you know the goal is to have days like this and there's people that do even much better than I do, right? Um, but this is what we worked for. We work to learn and then we scale right. The making money part comes later. Remember that how long have you been trading live? If you're asking like today.

I've been trading live since 7 30 which is Market open a little bit prior to Market opening. But overall live with our Lpp team. We have people that have been part of Lpp since back of 2018. Um, it's a one-time payment right? So they have had lifetime access so they've been able to tune on in live every day since then.

Imagine, do the math. What? What has that been? Five years? Five years they paid? Probably you know. Whatever it is. the three to five hundred dollars.

Imagine what they've paid per live stream. probably like 10 cents. 20 cents if that, right? So that's been our biggest Focus it's I Wanna you know? provide as much value as I can that if you do have the intention to do this for a long period of time I want to be here for you, right? So the OG is 2018 for me, 2019 here 2019. I Like that? So did you buy Skq pre-market I did and I had a couple of shares that I held overnight as well.

So yeah. so I Also found it interesting how some do better with slow removing socks versus faster I do better with faster moving stocks and it doesn't give me the time to sit and left. Yeah, Excited! And I think that's amazing, right? Joseph that you're able to identify that that you can identify of like hey I get anxiety when the stock moves so slow right you begin to maybe overthink things and your wired specific way that you just work that way. And this is where I've shared so many times of like hey, I have a specific way that that I trade and teach.

but there's all of these different options and this is why I Like to encourage our traders to not be afraid to explore avenues that might be more useful for them. So I'm very, very happy to hear that you're able to. You know, see that from your perspective that you can be like I work better with quick entries and quick exits. but I know someone that might not work that well with a quick movie.

it's not coming Someone just said I hate when stocks move too quick. there are maybe a little bit more composed during a slower moving stock and rightfully so. It doesn't mean that you're right and he's wrong. or he's right and you're wrong.

you're just wired differently, right? So I like that I Remember when you have 500 a day profits great times I still have 500 a day I You know I just feel like it. It doesn't seem that impressive to you guys now because I have sometimes stays like this. but I'm grateful for anything right? even even when I have my small. You know, even when I have my red days if I keep them small I view that as a positive takeaway.

like if I keep my losses under two thousand dollars. it's a weird way to think. but I am like hey, like I did good today. For how much I trade with the amount that I trade with, you know I I took advantage of some trades and as long as I held myself accountable and you know I cut losses accordingly, then yeah, I I take it as a positive takeaway I know I'm not perfect.

No one is right. and the more that you accept that, the more you say that, the easier it is to accept. So how did you know that SKU is going to do well overnight? It was doing well after market hours yesterday. So when do you usually cut losses at what percent? it's always different.

Uh, John because it's different based off of my position size. If I have a very light position size, I might be able to I I would be more willing to tolerate a larger percentage loss. but if I have a heavier position size, there's a quick break of pattern or you know, break below the moving average. I'll sell right away, right? Still a tough pill to swallow.

and obviously the larger my position size is, the tougher it becomes right. And I'm speaking this to you guys because I want you to understand that if it's not easy as you begin to trade with more money, this is why I've tried to encourage you as much as possible. Trade small because you will lose small. And when you trade small, you're not focused on how much money you're making and you're also not obsessing about how much money you're losing.

But think about it. All of the lessons you're going to learn. All the experience you're going to gain. That's the value.

but learn from it. You cannot learn how to trade when you're trying to make money because all you're focused on is trying to make money, right? Yes, the the end goal is always to make money, but you want to do it with healthy habits. Correct what's considered a small account? It's all relative, right For some people. I Would say anything under a thousand dollars would be the goal and still manage your position size right? So when you take an initial entry, it shouldn't be with a thousand dollars.

it should be with, you know, 100 bucks. Ten percent right? Or twenty percent two hundred dollars, right? That's your first entry. Keep it as simple as possible. You can trade with five hundred dollars.

It doesn't matter. This is not an ego driven group. I Don't I don't get offended by other people's profits or account size. I'm not I'm You should understand that someone else's success never takes away from yours, right? It's always something to learn from it.

I Like that. Michael So I trade with so little that my goal is to make fifty dollars a week and I stay focused on the learning process, right? It almost encourages you to only focus on the learning process because that's where the most value is at. So I Like that it says trading your main income or other Ventures it all comes and goes. Um, I mean like today, trading is by far gonna be my biggest today, right? Um, but I have slow months for trading and I have higher months for other things and then I have slower months for other things and have a high month for trading, right? The idea is is you know if you're going to do anything, the goal is to be consistent with it or at least try to be right? So yeah, there's no way I mean that I'm going to have anything that beats what I mean today with the stock market.

So Ricky do you recommend that trading less with a demo account if your goal is learning? Um, so some degree still probably I Mean if you're trading with a demo account, you probably want to test as much as possible. So watch out for this breakout. Um, it looks like it's already on its way to make new highs I Miss this thing entirely. Um, but probably give yourself the chance to be able to trade as much as possible with a paper count, but still be selective, right? Um, but yeah, if you're like trading with like a million dollars in your paper, trading at just a disconnect probably is a little bit too big.

So it was 300K a month your biggest month of income. or did you make more than that? Yeah, well that was just with Trading So yeah, but that was my biggest month of trading. So okay, I'll check it out. Uh Hannah if you want to bump the message I'd be more than happy to check it out today.

So I made my 100 plus Target for the day Ricky Thank you for your guidance. Oh yeah. Don happy to have you here and I'm very happy to hear that you did well. So again, we're beginning to see a lack of progress.

Remember, we're up seven percent on Sqq, so question that continues to go through my head is, well, how much more can it go? How much more can it go? How much more can it really go, right? Because we all know that sometimes we get a little greedy and then we can give back what we've made already. So what's the goal? Do I think that it can hit eight percent Ten percent so you know to make one to three percent. You know what's my downside Risk I need to hold myself accountable. You know where am I going to cut losses? What does that look like And you can write it all out in your trading journal right? You can write out.

Well, hey, if my trade goes according to plan moving forward, this is how much money I'll make if it goes south. This is how much money I'll lose. And when you see it on paper, you can at least ask yourself, is this even worth it I'm already up this dollar amount. Is it even worth it to take that risk, right? Do you typically enter um, only if it crosses the moving average? No.

and again, it's It's more like when I step on the gas right when I really begin to average up into my positions One Direction is in our favor. There's many times that I've entered prior to confirmation, but again, I'm not under the Pd2 rule. I'm also not someone that's just getting started. Not an excuse, but I want you to understand why I Do it.

Um, when I cut. When it comes out to actually stepping the gas and taking those larger positions of like you know the the Thousand or 2500 shares of SQ you know we're talking about 40 to 80 000 increments. Um, yes, Direction has to be my favorite. I'm not so focused on indicators that are telling me to buy I'm focused more on the progress you know is it making people money and if it is, then I will jump in as long as I understand that you know we have a higher resistance to work towards.

If I see that we are approaching right forty five dollars a share. Am I going to be buying all the way on the way up knowing that there could be a resistance at 45 probably not the smartest thing, right? Um, so I take that into consideration and so remember I'm not afraid to buy as it's down I'm also not afraid to buy as it begins to reverse. But as it begins to take off and approach a resistance, then that's when I begin to ask the question of like Hey we're approaching a potential resistance that significant price level of 44.50 or you know, uh, 45. He has heard me talk about it in this video I need to be careful here, right? So that's where I begin to reduce and you guys have seen it firsthand where I will add in much smaller increments but I will sell in much larger increments.

My focus is always to lock in profits and I try to not hesitate with that. So 128 profit First month of trading with about 3K 4.3 percent while doing my day job I like that Ryan I like it so I love hearing your thought process and when I was thinking of doing the same thing I thought I thought I felt very proud at the beginning. You're seeing a lot of that I didn't end up slowly getting better. That's the goal right? It's not to be perfect.

And I mean imagine showing up to this every day, right? You might. For some people, they might have just joined Lpp. They're like dang, this is kind of overwhelming or other people are making money. It's like I'm so far from this.

this seems so challenging. It's just like using an iPhone for the first time. You know it's overwhelming at first, but then it becomes second nature because of a constant habit of showing up every day and using it right. Practice makes progress.

So so Eric Yeah! I joined up to be a couple of days ago and his live sessions are incredibly helpful. Thank you I Really do appreciate that guys. So again, uh, don't forget to post your profits in the profits section of our Discord group. Uh I do have to watch Remy right now because um, um Rachel has a meeting or something that I have to attend to.

so and that's going to be at 8 30 and it is at 8 20 a.m I Will keep you guys up to date if I take a position on either side right? Uh, in the trade ideas section for LBP If you guys have any questions, you guys know how to reach out to me via Discord Uh, please just reach out to me. Um, and that's really just it I Hope that you guys enjoyed today's live session I Really did and just remember today, we have Tesla reporting earnings after uh, the market closes and I will be live streaming it either privately for you guys or for the public depending on how it plays out. But also do not forget I'd love to see you guys when our Apple watch giveaway this Apple watch Ultra Shoptalkbuds.com or the fourth link down down below. use promo code Lpp and I will earn you twenty percent off your entire order from any trading mouse pads, apparel, wallar, periodic elements, flags and accessories.

So appreciate your time. Hope that we're in your thumbs up in this video and we will see you guys on the next one. Remember, don't be afraid to lock from those profits. Take Care Team.