Hey, what's going on team, it's ricky, i'm gon na make this thing super short and sweet uh. The news of russia invading ukraine um we were talking about. You know there being some form of tension. News outlets have been talking about this for a couple of weeks.

Um just a couple hours ago, right uh, we got the announcement that russia has enough troops to invade ukraine right and that they can do it any moment. This does bring a lot of uncertainty. We are getting so many questions right now of you know. What's going on, like, should i freak out at the end of the day, like first off, we talked about position size right, uh.

We were not experiencing any form of confirmation just yet for the market to recover. We are still oversold we're still cheap. We got cheaper. Does this change or should this change your overall plan um at the end of the day, do what's best what you think is for your future self right, but the way that i view this is that if you are light with your position, you know this shouldn't Freak you out, that's the whole purpose of you taking a light position if you're invested, meaning that your intention is to buy and hold and sell at a much later time.

I don't see this to be super devastating. Yes, it might prolong the time it takes for the market to recover. It might take some more time right, definitely right, especially if, if more negative news ends up influencing the market 100, but this is why you know you're in it for the long haul. It's all about your intention.

I just got off the phone with my brother uh and he was like dude like there's just so many good prices right. We have tesla at eight hundred and sixty dollars a share right. Look how cheap it is. It's at the moving average it was previously and nearly at thirteen hundred dollars a share right, not not just this, but literally like just everything that falls under attack.

I mean everything pulled back today right, especially as this announcement of russia potentially going into war with ukraine. It does bring a lot of uncertainty. One of the things that i want to share with you is that if the market continues to sell off, there's specific ways on how you can make money right, there's sqq it's a triple leveraged etf. I would not recommend this for beginners, but this goes up when the nasdaq market goes down and it's up 9.44 today so understand that you can have your long-term investments.

That's your plan to invest for the long haul. This news just prolongs the period and the time that it's going to take for those to recover, but you're in it for the long haul. So your intention, in my opinion, shouldn't change when it comes down to something like this. If you like to trade, not everyone does some people view it too risky, as you should right, but if you like to trade, i want you to be aware that there's ways that you still can make money when the market goes down, and this is for the Nasdaq market: this is a triple leveraged etf, but there is an etf.

That's an inverse for almost every specific market for um the s p 500. It's spxs, if i'm not mistaken, is that correct, yeah, this one's up six percent today. So this does the opposite of what the s p. 500 does right.

So a lot of you guys know about spy, but maybe some of you guys don't know about s p x s, that's the inverse of spy and then there's udo. That is based off of the overall dow jones, there's udo and then there's, i think, it's s dao. Let me just double check yeah this one's up, four percent, so i have a big focus on tech but again being realistic. I know that everyone's not on the same boat with me.

You might have a you know you might, instead of liking the nasdaq market, which is more influenced by tech. You might want to focus more on the s p 500, which is considered the top 500 most valuable companies right or the dow jones. Maybe that that's something that's more up your alley! I need you to know that. There's ways that you can somewhat hedge your position with etfs that go up when the market goes down.

At the end of the day, the cheaper the market gets the better deals. We can get it's all about perspective right. We talked about this just last week where every previous recession was viewed as an opportunity, but every current recession is viewed as risky. The question to simply ask yourself is: what is your intention? Are you trying to make money on a per day basis, then? Yes, i would hold back from day trading when direction is not in your favor or i might focus my attention on inverse etfs that go up when the market goes down right.

But if your intention is to invest for the long haul, they should excite you. Markets are dropping you're, getting things much cheaper at a discount than what they normally are. So just like, we said every previous recession is viewed as an opportunity. It's not that you have to buy in super aggressive, but that you do it in a way.

That makes sense, you watch your position size. You wait for confirmation, you average up the same principles we talk within and we try to empower every beginner trader within learn, plan, profit 2.0 and that's what i'm most excited about trust me. It's been a rough couple of five to six weeks. The market's been pulling back, i'm not going to sugarcoat it, but it's been great right.

It's been difficult but, like we said right, some of the most challenging things in life when they're accomplished tend to follow with the greatest fulfillment, and that's what i'm most excited about that. It's not super easy. It doesn't feel like it's just going to be handed to us. It's something! That's really challenging us and that's taking time so when and if the market does recover.

It feels that much more fulfilling, but you have to earn it right. Formulate the plan keep your watch list, small watch your position, size not be afraid to be selective and to wait for confirmation and then to average up when you feel comfortable, and you feel like the market is actually indicating signs of a steady recovery and like we Always say no one goes broke by locking in profits, especially with so much uncertainty. If, at any point you decide to lock in profit at the end of the day do what's best what you think is what's best for your future self. So i'm super excited to follow up again.

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