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The Federal Reserve conducts the nationβs monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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What's going on guys? It's Ricky and Welcome to our free live trading session. So in this uh, you will be able to get a better understanding of what it's like uh to be able to see the entries, exits, and thought process that goes behind each and every single trade. Let's go ahead and jump right into it. It looks like we're already showing signs of consolidation.
um, slight resistance here. Potential support reversal for Ask: QQQ Going to go in with 1500 shares. This is one that during the pre-market session I was getting into. Let's see what we got going on today.
What's up? What's up? Good morning, good morning. How are we all doing today? All right. You guys should be able to see everything. If you guys don't see it, then well, you should be able to refresh it.
and then the live stream. Um, should be much more clear. There we go. I didn't let me know in the live chat.
Uh, once you guys are able to see everything Okay, uh, just let me know just so we can continue um with the live stream. So it looks like we're still testing that same slight resistance level here on QQQ five minute time frame. We're right around that moving average trying to potentially identify as a potential support or break below it. and then if it sells off, right? If this thing sells off, Uh, then we have SQ that will begin to indicate signs of an uptrend.
SO Waiting for a little bit more clear sense of direction before really stepping on the gas. Looks like Sqq is definitely still holding above the 30 minute moving average and then QQQ is definitely still holding below it. So this is kind of what I'm excited for right now. All right.
Looks like we're still testing. There it goes. testing for new highs for us Kiki Q Foreign. What's up? What's up? Good morning, Good Morning happy Friday So I know I've I have not hosted a free live trading session in, um, quite some time, so normally again, they're just exclusive to our Lpp team.
So uh, you'll be able to see the difference of who's part of Lpp and who's not. Um, so if you're a part of Lpp, just welcome the people that are tuned on in for the first time. I Really hope that you learned something new and if you do, please consider dropping a thumbs up and subscribing to the channel if you feel like you, uh, we earned it. Uh, one of the things that I do want to remind you is again, if this is something that you want to continue to experience again, this is something that we do offer just to the Lpp team.
but if you want to experience it every single day, it's going to be the second link in the description down below. Uh, and it's a one-time payment lifetime access and it's 175 off right now which is our biggest discount. We won't offer a bigger discount than that. So um, the whole idea for this is again, not for you to copy what it is that I'm doing, but to understand the thought process that goes behind each and every single trade.
right at least for myself. I'm a visual learnership by watching someone do right I Want to understand their why? Why do they enter? Why do they exit? Why do you cut losses? Why do you lock in profits? And that's exactly what we tried to cover in these live streams. All right, Looks like we're still testing that potential resistance. We're a little bit more on the overbought side, so I'm going to wait to see if it pulls on back or if it continues to uptrend right. If we pull on back and then it forms a higher low, it's another dip buy opportunity for me to add more to something that is still potential, indicating signs of an uptrend. So so if ask you is the short form of TQ why not just sell to you instead of buying? SQ Well, when you short something, you incur short interest. So why would I want to incur short interest versus just going into SQ That makes no sense I don't understand that question Alex Foreign. So again, what I'm looking out for as of right now is to see if Sqq pulls on back and if it does pull on back as long as we form higher lows, then that's essentially what I'm looking out for.
That as long as there's signs of progress for Sqq, then that's a step in the right direction, right? we're opening up in the red. I Think by the bottom Sqq when I was looking at it pre-market uh, it was down about two percent. So right now it's down one percent. And yeah, so another 1.3 percent on the way down, which would have put it around 2.3 percent in the red.
All right there it goes, forming higher highs. I'm just going to add more to it. Not over complicated. I don't have to step on the gas too too aggressive.
but as of right now, direction is favorable and it looks like it's chipping away from the red and going into the green right. Looking at the five minute time frame, we bounced and broke above the EMA and the moving average looks like NASDAQ is struggling. right? it's pulling on back. Okay, so Kramer said rebalancing QQQ will affect Spy more than QQQ Do you understand why he says that? So again, anyone can say anything.
but if you don't understand the why, then right, it's they're just words. So do you understand why the rebalancing of QQQ will therefore also affect Spy or the S P 500. does any of that make sense to you? So again, uh, for the rebalancing that's supposed to happen on the 26th of July for Nasdaq 100 Uh, pretty much their specific limitations uh, and restrictions that are being put off for each company and the influence that it can have to the overall NASDAQ 100 because of that rebound rebalancement. Um, it.
It will most likely affect those individual stock prices themselves and if it affects the individual. So let's say that it creates Apple or it causes Apple to sell off a little bit right because of the rebalancement because there's too much exposure to Apple on the NASDAQ 100. Let's say for Microsoft Google and Apple, they want to cut back on that exposure that it has right now, right? So therefore, if they cut back on that exposure, Apple ends up actually selling off a little bit. If Apple sells off a little bit, then of course, because it also is part of the S P 500, it will also influence the S P 500. I Think it would be tough to say that it will influence the S P 500 more than the NASDAQ 100 I Mean Unless the actual individual stocks themselves have more of an influence in the S P 500 than they do on NASDAQ 100, then that would be a different story, right? All right. So as you guys could see in the background we do have QQQ which again is what we have going on. Right on over here we have Tesla overall still showing signs of lower lows and lower highs it tried to Gap up today. Uh, it's not looking too too good for Tesla Uh, we got Google Looks like it was showing beautiful signs of higher highs and higher lows.
I Mean this is a perfect textbook setup of higher highs and higher lows, is it not? But guess what? This is why we talk about even if it shows something pre-market during normal trading hours. Direction Often can change and this is a perfect example of it. I Mean it was literally a perfect textbook setup. It looked incredibly bullish and then right when the market opened.
Boom right. Sold right off Microsoft Very similar setup, not as pretty, but also pulled on back A lot of consolidation as of right now testing for its potential support. Same thing going on for Meta Amazon Very similar, right? Very aggressive. Uh, consistent push-up aggressive sell-off down here and then Apple is looking a little bit better.
Apple Again, one of the things that you have to understand about Apple is that it has such a large market cap at 3 trillion, the largest out of any tech company, right? Higher highs, higher lows, and it's still showing signs of an ascending up Trend pattern still holding above the moving average. the Macd the RSI All of that looks fair and we'll have to wait and see. It looks like it's consolidating here, right? The three stages of a reversal rejection consolidation. and then if it breaks above.
Apple If Apple begins to move up, then yes, it could drag the rest of the market up with it, right? Something to take into consideration. So Ricky can you explain why, um, you are buying what you are buying or why I'm taking this trade of course. So direction is favorable as of right now. Is it not right? So Direction was not favorable pre-market That was just what I was explaining.
It was favorable for the bolts, right? That's QQQ that's Tiki EQ Everything was pointing for the Bulls but from the time that I started trading right from Market open and from when I jumped on here, right, we were showing signs an indication of Sqq indicating signs of an uptrend. So again, my main focus is Direction being in my favor, right? We use the analogy of swimming with the current and not against it. If my goal is to swim back to Shore and I'm one mile away from the ocean, do you want the current going with you or against you? Same thing with this right current is obviously going in favor of ask Kiki Q Right now, it doesn't mean that it has to continue, it just means that's where it's going right now, right? So therefore, why am I taking this trade? direction is favorable. It pulled back enough that the recovery potential, right the margin is quite attractive right. From overall lows to previous highs, it's about 2.6 percent. Not bad, right? And then when we look at the five minute or the 30 minute right, we could see that based off of recent patterns, it has a lot to potentially recover if the market were to enter a pullback right or an actual sell-off right. Looking at the one hour, we're testing this critical Zone We talked about it yesterday on the 30 minute, which is important, but I Don't know if you guys have paid attention to this. We have not really traded below the one hour moving average in quite some time.
I Mean there was a small little sell-off that we had for a little bit, but then it were covered right away. But other than that, every single time that it touches the moving average, it bounces. It bounces right. It bounces.
This is why we talk about patterns tend to repeat themselves. They don't always happen. There's no such thing as a perfect indicator. I'm not here to pretend like there actually is right, but it's important for us to understand and to be like.
Okay, we're approaching a critical point. A critical Zone where it could potentially bounce. and most likely based off of recent patterns, it will, right? The Market's been more bullish than it has been bearish. Let's not sugarcoat it right, but if it does break below this, you know that's now.
It's doing something that it hasn't done in a while, and last time that it did break below it, you know it sold off for a short period of time, but sold off very quickly and then began to recover. So as long as you have your if you have the ability to lock in profits if you're not greedy, if you're not to manage your risk, then at that point you know things can get pretty interesting, right? very quickly. So we're approaching a potential support on the moving average on the one hour time frame for Nasdaq. But as of right now, we're selling off.
we're actively selling off. and because of that active sell-off all I want to do is not over complicate my trading I Want to go with the flow and I will just add more to it as direction is favorable. Make sense I Don't need you to agree with me I Don't need you to copy me I Don't want you to copy me I Just want you to understand my why, right? And that's the goal for all of you guys. The goal for all of you guys, even if um, once you guys end up joining Lpp, um, during these live sessions I Don't want you guys to copy me, but I want you to be able to If I were to ask you right, if your friend were to ask you, hey, why did you just buy, why did you just sell? What are you waiting for for you to be able to you know, articulate what and why you are buying selling cutting losses. Wouldn't that be the goal right? Especially as of right now that you're just getting started. Maybe you have trouble understanding where when to buy or when to sell? You don't think that after you know I mean I Trade live every morning and markets are open normally Monday through Friday every morning. You don't think after a month if you were to commit to watching me trade live Every morning you see my entries, you see my exits, not to copy, but just to understand my thought process. You don't think after one month right? of what is that 20 live streams that you're going to have a better understanding of.
You know when to buy, when to sell, when to cut losses, right? because you've gained experience not just through yourself but also through me. That is the point of these live sessions for you to also not have to expose yourself to all this kind of risk as you're just getting started where you can also watch me take change and be like whoa I don't agree with that rookie or whoa that was actually really cool, you know I like what you did there I Want you to cherry pick what you like and what you don't like based off of how you see value? That would be the goal and there it goes. Beautiful uptrend doesn't look like it's stopping as of right now. Wow I don't even know how much I'm up right now.
Let me know in the live chat, in the live chat, give me some guesses. what do you guys think I'm up so far on the day so we caught this reversal. We have a nice uh, we're approaching previous resistance range so this is where I'm going to want to be very cautious right? A potential take profit here based off of previous pattern. that is my why right being aware of previous resistance levels.
not that it has to get rejected, but that it could and that I respect it Right that I don't try to act like the market never can go against me. Let's be honest, the market can always go against me. So I want to respect what it is that I'm trading so we have people saying 8K 14k whoa those are really big numbers I I Appreciate you guys thinking that I'm up that much. but I I really don't I've been averaging up super slowly.
You guys have been seeing all of my entries. No. 10K oh man. I'm really gonna let you guys down I think I'm up like 6K yeah based off of how many shares I've purchased that? yeah you guys thought I was up 15.
Oh my goodness, there we go. So we're a little bit more on the overbought side and one of the things that you'll notice about me is I buy very slow increments but I will sell in lump sums. Let's see. So again, one thing that we call within the um oh I want to ask you first so you might be asking Ricky Why don't you trade with being able to see how much you're up or how much you're down? Let me ask you this: How many times have you traded and when you trade all you're looking at is how much you're up or how much you're down. And because of that, it either encourages you not to lock in profits because you're chasing a number or it encourages you to do something that you would have not done because you focus so much on that dollar amount. How many times has that happened to you? Be honest because to me it happened enough times that I was like yo I I Need to stop obsessing about how much I'm up or down. If you really think about it, how much I'm up or down is insignificant to the actual trade itself, right? You are the only person in the entire world that is trading off of how much you are up or down. It's irrelevant to the actual trade opportunity itself.
So why obsess about it? So one of the best practices that I try to share with Lpp and it's not perfect and if you don't agree with me I respect that. We all you know have our own struggles. But one of the things that I really wanted to preach is I saw this to be a really big obstacle for a lot of beginners. so we started I like to I like to make things very simple and I like to try to make them as fun as possible.
I called it the Blind Trading Challenge meaning that instead of you trying to always focus on how much you're up or down, that you cover how much your up or down and that you really focus on the trade right? So therefore, if there's a break of pattern, you cut losses. not because of how much you're up or down, but because there's a break of pattern. if you reach an overbought level and it's showing signs of a resistance regardless of how much you're up or down, you lock in profits because you see that it's showing signs of a resistance. so your actions are based off of what the stock is actually telling you and not so much of what you hope it does based off of what it will make you and I don't know about you.
But that's always been a big struggle for me and this is why we started the Blind Trading Challenge. It also started when we first introduced the idea I think it was that movie where she wears like a bandana or what is it an eye cover because she can't see or she'll see monsters I don't know what it was what is that movie called I don't know I I forgot what those bird box that the bird Box Challenge All right, let's see if we show signs of a support here. So again, all I'm looking for is for an ascending support. So as long as we don't go as low as we have before, that would be a step in the right direction.
Uh, do you trade single stocks or just cues I mainly focus on just cues but like yesterday I traded I shorted American Airlines So if I see an opportunity that I really do want to take advantage of then of course I will trade it. but normally my bread and butter to not over complicated is Tqq or ask QQQ and if you know I see there to be clear opportunity there and I've done over complicated anywhere else right? Some people love it. Some people hate it, right? Some people love that. I Keep it simple. Some people get annoyed because they get very bored at the end of the day. If it's making me money, then that's ultimately what's more important to me, right? I Feel like people are too emotional. They always try to find the most exciting thing. So there it goes.
Just added 2 000 shares. It looks like it's showing signs of an ascending support so we'll see if it begins to recover. All right. So it looks like yep, we are testing that same support.
Do you guys see that it's beautiful how patterns tend to repeat themselves, right? Look at that previous support here, right? for KiKi Cube This was yesterday after market hours. This is the transition from yesterday to today and look at that bounced right at that same support. This is the perfect example of patterns tend to repeat themselves. They don't always have to, but as of right now, a lot of selling pressure.
Do you see this confirmed low or high? It looks like it's a lower high. We'll see if it actually sells off if it bounces here and finds a support and begins to recover. I will just have to accept it and I will close out my position on Sqq. Will I be up the full 6K No because I gave back a little bit.
but at least I gave myself the wiggle room to try to see if I could make more right. and that's the idea. Remember I'm not a perfect Trader I make mistakes all the time, but even that I always leave some room for testing things out. and in this moment I'm I added more to it to a potential lower high.
Which means that if this thing sells off, then I will be adding more to ask you just like I did right? So I bought at a lower price and then I will make money as it recovers. If it recovers, if it ends up was selling off, then again, there's a break of pattern there. and then at that point I will lock in profits on Sktq for a smaller dollar amount. And yes, it does suck.
But again, I am not perfect. You are not perfect. We will never be perfect If you obsess about trying to be perfect I can reassure you that you will burn yourself in this market, no question about it. Ricky Why don't you trade options I Just choose not to.
Why don't you buy and sell potato chips Because you choose not to, right? It's just not not something that you want to do. Yep, trading options is not something that I want to do I view them to be too risky I've heard too many stories of people getting burned and because of that I just again choose not to put myself through that kind of risk and again just because I Don't do something So I feel like a lot of people are asking questions trying to have me say yes I would or yes I wouldn't off of what I Think off of what you think you should or shouldn't be doing I can promise you what you should or should not be doing is not going to be based off of what I think Okay, so if you want to trade options, all power to you. If you want to trade, what was it that someone asked Futures all power to you just because I Don't do something. You should never stop you from learning more about it if you actually want to try that right? But if all you're doing, it is because what you think you can make quicker money there then I think that sole reason will be the only reason that you actually fail. And it's because you're trying to make it as quick as possible. But again, that that might just be my opinion. So we'll just have to wait and see here it goes. Watch for the potential break above that EMA right? That's what I'm looking for for QQQ if we break Above This EMA that's a break of pattern for me on QQQ and I would have to lock and profit on Sqq.
Yeah, where are we at? So I know I haven't hosted one of these free live sessions in a while, so I guess I'll just uh see based off of the number of people that drop a like on the video if we should host them again. So again, if it's not too much to ask, drop a thumbs up, subscribe to the channel and remember, if you want to be able to watch me trade live every morning like this, uh, then that will be the second link in the description down below and that is 175 off Lpp 2.0 So watch for the potential break of pattern I Want to see signs of progress? Oh foreign slide signs over resistance? Let's see if we form higher highs here, right? if we form higher highs, that is the opposite of what I would need it to do so. Therefore, that is in favor of Tqq and the overall. NASDAQ Market Remember I am in Sqq so as QQ goes up when this goes down, so it's good to understand the correlation.
All right. I Wanted to follow up with that to see if it was a glitch from yesterday. Huh? Looks like now we've switched to almost 100 percent chance that the Federal Reserve is going to pause rate hikes. Interesting.
Let's check out how Cvna is doing. Yeah, I Wanted to follow up with it. It was up 40 two days ago, right? Boom Boom. Any reaction tends to be an overreaction.
Doesn't really surprise me that it's pulling on back. We got Royal Caribbean pulling on back American Airlines A slight pullback. another 1.2 percent in the red. Check that out.
Aggressive drop here. So I'm shorting this one. So nice. Little 210 on the day.
Not bad, not the best, not the worst. We'll see how it plays out. Looks like it's relatively pretty slow today. Okay, all right, looks like we're going back to retest trying to see if we showing us sending support here.
If we break below this and begin to sell off, that would be very, very favorable for ask. EQ Okay, all right, look at that showing signs of a potential support. Going back to retest that EMA on CME it's yeah. I'm I'm pretty sure I mean for it to go from 100 nearly 100 of a rate hike to nearly 100 of a rate pause. I'm guessing that Investing.com is just having some issues uh with their Fed rate monitor tool, so it's all good. Here it goes: Watch for the break, watch for the break, watch for higher highs. Let's see if we get it. looks like we got a little Buy Signal from that super Trend but that is on the one minute time frame and check that out.
Testing Testing: Slight pullback. Foreign. What's the update on the McLaren 570s? We still don't have one for you Muhammad Uh, we're still waiting. Uh, so the mechanic that was supposed to inspect the vehicle um, has just not been able to meet up just yet.
So it's been unfortunate, right? because we're just waiting for it to be inspected so they tell us what exactly is wrong with it. But no update as of right now. But as soon as we know, uh, don't worry, we'll we'll post that video. Okay, appreciate you asking.
All right, It looks like we're still testing that same resistance zone, right? Still testing testing. This is kind of the boring part about trading. It's just waiting, right? This is why they have the saying of it: pays to be patient If trading was all action all the time. You're right, it'd probably be.
First off, it'd be very volatile. It'd be very risky, but it'd be much more entertaining. But this is kind of the boring part. but this is what it is.
almost. And let's be honest, for all those that trade, uh, quite often, this is probably what it's like. Most often, obviously it has like some fun moments when it's aggressively selling off or aggressively pushing up. but it does have a lot of moments where you're kind of just twiddling your thumbs waiting for something to happen.
and this is why we set alerts right to try to stay patient and and wait for opportunity to be a little bit more clear. Ricky Do you do Forex No, never have never will I will never met There's a bunch of fake accounts that pretend to be me I hate when people talk about Forex because I I don't want anyone to ever think that I do that. Um, there's fake accounts that pretend to be me and the reason that they have Forex or crypto accounts is because they're not as regulated. Uh, so if you ever get a message from me I can promise you it's fake.
If you ever receive a message from me and you didn't initiated I can promise you it's fake I'm verified on Instagram I'm verified on Twitter I'm verified on threads I'm verified on YouTube I Will Never message you first I I mean it in the most respectful way I will never, never randomly message you and be like hey, this is like my second account I don't have a second account buddy I have one account, I'm verified and I will literally never message you first I Don't trade for other people I Don't ask money for other people I offer one service and one service only and that's to watch me trade live, right? We talked about it. It's the second link in the description down below. You know for those that have been on edge of like oh I don't know if I want to sign up for LBP to watch him trade live I don't know what to expect it. Imagine waking up every morning and expecting something like this. This is what you would experience every single day. You either like it or you don't right? I'm not here to to over complicate it. It's either you Vibe with what what it is that we do. You see value in it and you want to be a part of it or you don't right? And with that, you can decide if you want to join and that's the second link down below.
Other than that, I do not offer anything else I will never tell you where to buy I will never tell you where to sell I will never tell you what you should do. If you cannot find it within yourself to be motivated enough to want to figure things out, then correct. you will not work well with our team, right? We're not here to Hold Your Hand We're not here to tell you what to do. We're here to assist you, right? We all share ideas and we expect you to do, the same right? In a world full of problem, be a problem solver.
It's very simple. What about other people advertising in the Discord group? So I think you're talking about the tech buds Discord group So the tech butts Discord group is free, right? It's the first link in the description down below. Um, it's just of course people spam and we have a big spam issue with a free Discord Lpp Discord is a completely separate Discord and there is no you know people promoting or advertising they'll get banned and if you sign up right, normal price for Lpp is normally 500. If you sign up and you begin to spam in the Discord chat, I will remove you without a without a blink of an uh as quick of a blink of an eye I Do not care that you paid 500, you now have access to the course you will lose the privilege of having access to Discord That's how strict I am.
If I see that you belittle people within our Discord group, I will remove you and you will never be able to watch me trade live or be a part of the Discord group, right? It's that simple. So you're either with the team and you're of value to the team by sharing ideas, right? So there's it's all about conversation. But if I see that you are discouraging I don't care about how much money you make if you just made five thousand dollars and you belittle someone in our group, I will remove you in a second, right? You are of no value to our group at that point. So very, very simple.
but the completely separate group chat. There's Lpp Discord chat, which again, once you sign up for Lpp, it shows you how to gain access to it within the first three videos of the course. And then there's the attack buds Discord chat that's free. And of course, because it's free. Just like anything that is free, you get a bunch of trolls, right? There's no paywall, there's anyone can do it. and because people that are just there for free, then they take it less serious, right? It's very, very easy to understand. Uh, but again, we're running the 175 off sale which is the biggest discount that we offer. and that's the second link in the description down below.
All right, looks like we're still selling off. I mean I still have my position that is open and obviously the more that it sells off this was. Do you guys see how I tried to stay patient during this right? If there was actual sign of progress on the upside, I I Would have been encouraged to close my position on SQ but because of you know it was kind of struggling, right? This is why I need to be patient and let me. This is one of the last things that I want to say.
This is where position size really comes in place. if you have a super aggressive position and you were up a specific dollar amount and then all of a sudden Direction begins to change and then now you're freaking out. You're like oh my God man like this thing needs to come back down. You know, have you guys ever seen those tick tocks or those videos of like if your girlfriend does this, this is a red flag now I want you to think about yourself as a Trader and instead of like mocking girlfriends right or girls I want you to mock yourself because at least for myself, criticism is like the best way to try to get better, right to be self-aware And if you see that you freak out whenever even for the slightest moment, that direction goes against you, that is a red flag.
That is a red flag. As a traitor because you are only happy when direction is favorable, you are only in control and feel in control when direction is favorable. So it is a huge red flag. What direction is against you that you're like oh my God This You know that is a huge red flag that your position size is way too big.
You know that if you only had one share right of a stock and Direction begins to trade against you, you're like, uh, it's not very much money I still feel in control right But as soon as Direction goes against you and if your position size is big enough, then you begin to freak out. That is a red flag Remember, especially as you're learning how to do something. This is the last thing that I want to say because I know a handful of you are going to choose to join Lpp, put yourself in a position to succeed and what I mean by that is the biggest mistake people make when they're just getting started is thinking that they're going to make money right away. I Can I can't guarantee you.
but I can almost reassure you that that's not going to happen. You're going to learn a lot, but you're going to make a lot of mistakes. and if you trade with a lot of money, those mistakes are going to cost you money. This isn't a game anymore, right? This isn't like you're in school and you're trying to like. learn about a subject that you weren't really interested in. You're choosing to do this. So so why mess around? If you are actually trying to learn and understand what is it you're doing, then focus on the learning part. That making money part comes later.
Remove your ego I Don't care who it is that you are or who it is that you think you are outside of trading, you're no one here. just like I am I'm no one when it comes down to the small fish. I am in the ocean of the stock market, right? Whatever it is that I want or hope or desire, my opinions, they're relevant. I'm here to trade just like all of you, right? So treat it as that.
we are all equal. Our goal is obviously to make money, but we need to understand what we are doing first and that means a lot of mistakes are going to be made. So therefore, if you know that that a lot of mistakes are going to be made, are you going to want to trade with a lot of money when you're just getting started? No. This is why we talk about paper trading in Lpp.
This is why we talk about sizing down and position size in Lpp. This is why we focus so much on risk management because you're going to very quickly discourage yourself if all you try to do is step on the gas when you're just getting started and you might get lucky on a few couple of Trades. But again, it's not about just getting lucky on a few couple of Trades It's not really understand that if I were to be gone and that if you were the only person right that that will determine what you trade next, that you have the confidence and the understanding of the market to be able to do it yourself and on your own. Imagine that to know exactly where to buy.
not that it's going to be perfect, but that you do it because it makes sense. You know exactly where to sell. Not that it's perfect, but because it makes sense where you want to lock in profits or cut losses and that you understand where to do that. That you set these goals prior to taking the trade.
And while I'm doing my little speech there it goes. Get it to take off? Let's see where we are for the day: 9 300. I guess for all those that were saying that I was up. 10K You guys were just foreshadowing I think you guys were just my motivators, right? Yes, we're just foreshadowing what was to come, right? All right, Beautiful As you guys could see.
NASDAQ Market ended up getting rejected I Mean this is a textbook setup on Lower highs lower lows. This is something that I don't expect it to make sense right right away, but it's something that I hope that can you know put things into perspective, right? We talked about the descending lower high lower low. This thing was just an active sell-off because of that I jumped into ask Kiki Q as Kiki goes up when NASDAQ goes down I went as Direction was favorable as it pulled on back I bought into that dip as long as it formed this reversal I was ready to cut losses so I didn't have to play out this way. It didn't have to be a perfect or ideal trade. Um, but you know we made the most of it. I'm gonna sell 10 000 shares. so this is selling 179 thousand dollars worth of Sqq. Okay, testing that resistance range.
Look at that. You see that resistance yesterday. 18 smackaroonies. Today we're struggling to break above 18.
patterns tend to repeat themselves. They don't always have to. but man, it's beautiful when it does. And look at this coming back down to test that moving average.
What a beautiful sight. Remember, the only people that freak out when the market pulls on back are those that did not prepare. That's all. There's always money to be made.
If the Market's selling off or the Market's pushing up, there's always money to be made. It's just it's a very simple question. You know, were you prepared right? This is where position size comes in place. You could have a lot of long-term plays right now.
I have long-term plays in Tesla and Tesla's down. Am I freaking out? No, because I know how to also make money on the way down. I Don't put all of I to the best of my ability when we talk about position size. This is why again, if I want to have an open position as markets are up, sure you know I can have 25 50 of my money there.
But if markets go down, I always have money allocated just to have money in the reserves, right? That if an opportunity does present itself, I'm always able to take advantage of that and how many of you always try to be fully invested with every penny of your account into one trade and this is where you always or often end up earning yourself I Know that that I have the reason I Know this is because I've made those mistakes I'm not calling you out because I know anything about your account I know nothing about your account. The reason that I know of the mistake of going with every penny of your account when you're just getting started is because I've made that mistake I can almost promise you more than you have and it's you. Learn from it. The only way that I got to where it is that I am now from where you are is learning from my mistakes, trying to break to the best of my ability, those bad habits and that's what I'm here to remind you every single day.
So just to summarize, this Lpp is not going to be telling you where to buy or where to sell. If you're trying to look for a handout or an easy way out, this is just not going to be it. I show up every single day to the best of my ability during these live sessions. If a trade opportunity presents itself, I'll trade.
If nothing present itself, then we trade nothing. But guess what? We show up. We talk about what? We see, we share ideas with one another, and we do it on a consistent basis. If you want to be a part of that team, then great. It's the second link in the description down below. If if you're tired of for like trying to figure this out all on your own and you think that it would be a value by being a part of our team, then again, great, it's the second link down below. But if you would rather do this on your own I Respect that. you could do it on your own.
It's just asking yourself how long will it take and how much money will you lose and would it be more efficient if you would have just had it structured for you, right? Very simple question that you could ask yourself. So all right, All right. All right. so I'm gonna leave it at that.
Um, as of right now, just I'll keep you guys up to date if you end up being part of Lpp. But for all of our Lpp members, Um, just to summarize the day, Uh, or summarize, um, what? I My intention for the day? Um, we're testing the support on the moving average and this is on the one hour moving average for QQQ If we break below this I think that we could see a lot of sell and pressure right for the day. It's pretty much a break-even day for Nasdaq so it's nothing too significant. Break Even day for Nasdaq and I'm up nine thousand dollars on the day I Think that's beautiful, right? Um, with that being said, if it finds a support here, then that's in favor of Tqq.
So what I'm paying attention to is what happens next. Are we going to sell off? Are we going to bounce here? So that's all I'm looking for? That's all I'm trying to pay attention to and I will keep you up to date in the trade ideas of Lpp 2.0 So again guys, um I have nothing else to offer. I mean I Hope that you guys enjoyed this little live session and it gave you an inside look of you know what our team gets to experience every single day. Let me be very open with you guys.
Uh, do I make nine thousand dollars every single day? Hack? No I wish every single day. Dang man, that'd be amazing. No I don't make that every single day. There's days that I have red days.
There's days that I have much smaller days. There's days where literally it feels like the market is against me. But that is the thing. You get to experience.
the good, the bad with me and you get to see it live in real time. Every single day. there's no sugar coating, there's no edits, it's just a raw live session. so I would love to have you obviously as a part of the team if and only if you see value in it and you think that you would work well with our team.
And that is the second link in the description down below. If you have any questions before signing up, send me a direct message via Discord and that's that first link in the description down below. So really do appreciate you guys time. I Hope that we're in the thumbs up.
Please consider subscribing to the YouTube channel if you feel like we earned it. And other than that, I Hope and wish you guys an amazing Friday Amazing weekend And like always, let's make sure that we end the year on a green note. Take it easy team!.
I recommend everyone to @ruleoneinvesting
Do you save the livestreams in your discord for later? I work essentially from market open to market close sadly.
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thank you for posting free live trades every once in a while. It helps show ppl who are just getting started real time trades. Explaining your thought process while trading is helpful as well. Thanks again!
Way over my head, but very interesting. Thank you for doing these.
you making money easy as pie… think I need to dig in this binary options stuff too
Great video Ricky, thank you.
What platform is he trading on?
wait i thought you trade options? u were buying shares? arent they less of a return?
i dont no if you read comments but ever since the $11k vs $60 years ago you planted a small seed at the time to the point i do this 'full time'! I do options but trade mostly the same stocks for the most part.
Didn't catch it live, but loved the video just for understanding your process. Would like to see this again and it doesn't necessarily have to be live.
Damn, I had a late night and missed you. Thanks for your time!! ππ
More videos please
I used to freak out every time I would see swing positions I took have a little pullback, then I would sell. Luckily, I learned more about risk management and easing into trades. Probably the best thing I took away from LPP
I wish I know you sooner Ricky .
incredibly useful
Thank you for the live Ricky π
Man Yesterday was a good one unfortunately I was flying to Puerto Vallarta π¬π¬π¬ could not trade
great sr
Thanks Ricky! Great video
πππππ I missed it