The Fed minutes are a piece of communication released as a follow-up to its regular FOMC meeting.. Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
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#CPIREPORT #FOMC #STOCKMARKETCRASH
Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
What to expect from the upcoming Fed meeting. Of course, the Fed decision on Wednesday, that's at 2:00 PM, which is going to be dominating conversations all week. We're also going to be keeping our eyes on retail sales. That's also coming out Wednesday morning. Let's bring in our own Alexandra Semenova for everything we need to know.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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The Stock Market falling/ crashing can be a scary thing when you are not informed on how to make money during a stock market crash! The corona virus isn't getting any better and opportunity is among us, let's take time to inform ourselves and make the most of this opportunity!
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Webull trading app, How To Use Robinhood App, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The Federal Reserve conducts the nation’s 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.
1. 🚨 Join my free trading group chat: https://discord.gg/kwVQtmu
2.✅ LPP 2.0 $100 OFF (LIVE TRADING): https://bit.ly/100OFFLPPNOW
3. 📸 Ricky's Insta: https://www.instagram.com/rickygutier...
4.🖥 #1 Trading Mousepad: https://shoptechbuds.com/
For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 310,000!
#CPIREPORT #FOMC #STOCKMARKETCRASH
Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
What to expect from the upcoming Fed meeting. Of course, the Fed decision on Wednesday, that's at 2:00 PM, which is going to be dominating conversations all week. We're also going to be keeping our eyes on retail sales. That's also coming out Wednesday morning. Let's bring in our own Alexandra Semenova for everything we need to know.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
The Stock Market falling/ crashing can be a scary thing when you are not informed on how to make money during a stock market crash! The corona virus isn't getting any better and opportunity is among us, let's take time to inform ourselves and make the most of this opportunity!
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Webull trading app, How To Use Robinhood App, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
The Federal Reserve conducts the nation’s 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.
Test one two three what's going on team. This is ricky with tecmo solutions. Solutions. And we are going to be live streaming.
The fed meeting today so uh powell is going to be speaking. We're going to be broadcasting. This live uh and how the overall market reacts. So make sure that if you not only want to watch the fomc fed minutes um.
But also see how the market reacts that you subscribe to the channel. I hope that we earn your thumbs up in this video. Thank you guys again uh. So.
Much for staying so patient as we got this video started um. But it looks like we should be good so. If you guys can see the live stream. Please just let me know in the live chat.
If you do not see the live stream um. Well. I'm gonna need you to refresh. It.
And then everything else should be working. So the market has been pretty much been trading sideways. I actually just i was speaking to our learn plan profit group uh. It's been trading sideways for about what is this 45 to about an hour 45 minutes to an hour.
We can see that we have a resistance right around 26 a share. I've literally we've been talking all about it all morning with our learn plan profit group. And it looks like we're just waiting for jerome powell to begin to speak and to see how the overall market reacts. So i have my second screen up here.
There it goes. Let me go ahead and move this over all right all right making. Sure that we have tqq as qqq set up here at some of the top gainers top losers um looks like we're retesting that same resistance. There goes so we hit highs of 2613 uh right at market open about you know two or three minutes.
I was actually caught in today's live we haven't been able to retest that same level. We're stuck at this resistance right around 26 a share which is yeah. It's a little unfortunate. But it is what it is and it looks like i mean market's still bullish right so uh.
We can say anything we want we can be praying for you know we wish that the market was a little bit more on the bullish side. But let's be honest. I mean the market is not in the red today. Even after yesterday's performance of starting out five percent in the red and then it ended five percent in the green.
I think we talked about it in yesterday's video that was a 12 movement from low to high on yesterday's play. I don't know how many of you guys traded that but i know our learn plan profit group definitely did uh and we were waiting for that reversal. So again if you guys can see the live and you guys would like us to continue to host these live streams. All i literally ask you to do i know every other youtuber asks you ask ask of you the same thing.
If you can drop a thumbs up and consider subscribing. It really does help out the channel. And again. I would love to continue these free live streams uh when you know the federal reserve and or just jerome powell president biden speaks i would love to be able to host these live streams. I just want to make sure that we have the same amount of people uh that keeps showing up and it looks like we uh. We are pretty good what are we at right now so we're right around 1800. We have to let instagram know that we are live. So if you're in the live chat.
And you want to come out on instagram uh. Just make sure you um just say something say something funny say it tell them what they're missing out on ready all right in three two one let's see if we go all right. So fomc fed minutes. We are live right now and everyone wants to tell you that you need to join the live stream.
So click the link down below and join and see how the market begins to react. There it goes markets actually already dropping um quick overall reversal. Let's go ahead and put one. Second one second all right market is pushing let me go ahead and go for a quick little entry real quick all right let's see if we can go in a little light right now all right looks like market.
Definitely is reacting. I do not see the live okay here it goes market still is pulling. Back so 2 pm. Eastern time there it goes looks like we're still borderline break even right here takes 15 minutes to digest.
I agree if only they could all provide us with some hyperlinks and make it easier for everyone all right here. It goes nope. Oh yeah all right so july 6th here it goes was just released that 2 pm. I got the pdf out i'm gonna drag it on over just so we could all see it it's downloading right now give me one quick second definitely take some time for the market to react to it markets.
Not reacting in a negative way by any means and again the whole idea behind the fed. Minutes for those that are a little bit newer to the stock market. Um. The idea behind it is again just getting a better understanding on how the federal reserve came up with the decision of raising interest rates three quarters of a percent uh.
Which was three times uh. What the normal amount is so all right i'm still surprised that we're still retesting that same resistance level all right. I'm going to provide you guys with the link um. So you guys can pull it up yourself alright you guys ready all right so in the live chat.
I'm going to make sure that i pop it up for you guys update please just so you guys it should be a hyperlink for you guys and again this is straight from the federal reserve website. I just want to make sure i'm going to pin it just you guys all have access to it um. There it goes thank you for the link of course. No i appreciate you guys tuning on in sometimes.
It's a little bit difficult to find that link uh. So just want to make sure that we can provide it for you so again. The whole idea of the feminist is kind of just summing up everything. It is and their overall guidance for um.
Not just the previous from the june 14th to the june 15th um fed meeting right on when they raised interest rates. But also for you know what led uh to that decision of raising interest rates three quarters of a percent um you guys can see it's a pretty lengthy document. Um as of right now if i'm not mistaken. It's a total of 12 pages. If you guys wanted to download it there it goes. We are reacting in the green in the green not too shabby let's see what we got going on here. Okay. So retesting that same resistance level uh friendly reminder.
One of the things that i love to remind our traders is especially if you watch my youtube channel. Unlike other people right just because i'm trading. Something i will never encourage you to do the same. I always want to look out for the beginner traders.
So one of the things that i want to make you guys aware of is there was a previous resistance level right around 26 a share my job is to make you aware of oversold and overbought levels. Never to tell you where to buy and where to sell the reason behind that is if we get rejected once twice and we're approaching that same resistance range. It's not that we have to get rejected. But if you are someone that wants to play it a little bit more on the safer side.
Then at least you can become or be made aware of that resistance range right. And i think that's what's most important so let me go ahead and post this right now alrighty. There it goes getting rejected like clockwork there we go so we have 500 likes on the video. Again.
I really do appreciate you guys taking time and actually dropping a thumbs up it really does help out the channel. So i really do appreciate it all right there it goes popping off hitting two percent. On the day for t. Qqq.
Market is reacting in a bullish way again friendly reminder. It takes about 10 to 15 minutes for the market to sometimes digest and really choose a direction shortly after the fed minutes. So as long as nothing is said. In this fed.
Minutes report that insinuates something worse is about to happen then again. If things are not getting worse in the stock market. It's supposedly getting better right and that's normally what tends to act as a positive catalyst. You can look back to like you know 2020 uh during coronavirus.
It wasn't that things got better right away around march or april. But things simply weren't getting worse right we peaked. When it came down to overall infection right and there it goes still indicating signs of an option so we are up a little bit over 10k on the day and this is where i'm going to begin to reduce uh my position size so i'm going to reduce 2500 shares here again just because i sell does not mean that you have to i choose to play a little bit more on the safe side that's on me. If you guys want to continue to hold 100 one of the jokes that we have one of the one of the jokes that we have with under learn plan profit group is any time that i sell i tend to sell pretty early. I played a little bit more on the safer side and because of that um you know sometimes i do miss out on a couple runs. But that being said again i just i want to encourage you to do what you think is best for yourself. If you're day trading then focus on the trading part. If you're investing.
I have some investment positions that i have in tesla that i have in amazon that i have in apple. That it doesn't matter how how much the market goes up or down. Within the day. I will not sell those positions as my intention is not to day trade them so again when you're just getting started in the stock market you need to identify your intent with every position.
You choose to take so nothing is getting better uh cat kiafeo. I can't even pronounce your name nothing is getting better correct the thing that you don't understand. And i don't know why you're getting so upset with me. But thing that people don't understand is that it's not about things getting better right in 2020 during march or april things weren't getting better.
But things simply weren't getting worse and when things don't get worse. The market reacts in a positive way because things get factored in instantly into the stock market and again it takes time for you to make sense of this of why the market reacts. The way that it does sometimes it doesn't make sense to people that are just getting started again getting upset at me on why the market is going up if things aren't getting worse or be just because things aren't getting better. It doesn't make too much sense.
So some nice selling pressure. There and a nice little pullback. So can you brief me about tqqq yep. So again this is personally so if you guys wanted to play it safer.
One of the things that i'd love to remind people is that i choose to trade tkq myself. But one of the things that you need to be made aware of is that t q. Q. Is triple leverage.
So therefore. It moves three percent for every one percent. That the nasdaq moves qqq. So without the t moves in direct proportion to the nasdaq index.
So. If the nasdaq index is up half of a percent. Then so is qqq. If you are an absolute beginner.
If your focus is to learn if your focus is not to enter risky trades then i would consider qqq to be a safer route especially if you still like the nasdaq market. So it's a nasdaq etf one's a single leveraged etf. The other one is a triple leveraged etf. I think as long as you are made aware of the different options that you have at least you have a better edge on how to approach the market right especially as things are kind of like still shaky.
I don't expect the market to recover anytime soon. The positions that i'm choosing to take right now are positions that i intend to hold for a long period of time. I'm not talking about my day trading shares for tkq that's a little bit different um. But again if you're if you're intending to buy and invest and hold one of the things that we always talk about is position size. And why that's so important especially with these fed minutes coming out and the market. Reacting in a positive way. I think i think it says a lot uh with you know that there are specific signs of you know that the market is showing one of the signs that we're looking at is you know copper prices were beginning to pull on back um. You know somewhat showing or reflecting signs that inflation is finally peaking right in different aspects interest rates are still set to rise right as that's the only way that uh.
The federal reserve can moderate inflation. But when asking the question right especially in the next up and coming week. The next cpi data for the month of june is going to be released in the month of july. And this is going to be a crucial cpi data report because we will have a better understanding.
If inflation has actually peaked month over month. So i'm excited to see how the market actually reacts. So there it goes. We almost have a thousand likes oh i appreciate you guys thank you guys for taking time out of your day.
And actually dropping a thumbs up it really does mean a lot and i hope that you guys are actually enjoying this live stream. So i'm gonna play it a little bit more on the safer side so instead of buying 200 shares on this oversold level. I'm gonna buy 100 shares uh which is equivalent to about 2500 of tqq so i like buying that oversold at oversold levels. And one of the things that we're able to see is during normal triggering hours which again patterns tend to repeat themselves.
They don't always have to but during normal trading hours for t qqq. There was a general support range right around 25 20 to 25 30. And the great thing about this is by reducing our position size up here just like we talked about right. We're able to buy the dip down here especially if your intention is to enter and exit.
We have about three to almost four percent margins to work with and again that's an ideal trade that's with a perfect trade. I'm not a perfect trader right i make a lot of mistakes so even out of that 375 to almost four percent margin. Even if i capture two percent of that leaving some margin of error. But still being realistic with myself if this thing actually begins to indicate quicker signs of a recovery then i can step on the gas a little bit quicker.
But again as of right now. It's still a little bit more on the bearish side. So please make sure that you are aware of that here. It goes looks like we're actually beginning to show signs of a support.
Let's go ahead and add another 250 shares so another 250 shares this is about sixty four hundred dollars worth of tkq buying a little a little bit more here it goes let's add a little bit more showing signs of a support just like the previous time and again. If we gap up here this is going to be about a two percent margin. So um again i don't know how many of you guys are just getting started in the stock market um. But i would love to connect with you guys not only would i what i love again if you see value in it i'll leave that up to you if you see value in what you're watching right now uh. Please consider subscribing to the youtube channel. I upload new videos every single day and i would love to be one of the resources of your many resources that you utilize when trying to get started in the stock market also if you ever have any questions. I hope that you know that i do have a free trading group chat. You don't have to join.
But if you if you have questions questions about what platform. I'm using questions about how you can get connected. We have over 45 000. Members.
It's a free trading group chat. And it's the first link down below. If you don't see the link refresh your screen right now or refresh your browser. And you should be able to see it and that's that first link down below so dollar.
Seems negative the dollar going down um. Let's see it goes. Yeah. So what are some up and coming reports that are set to be released.
Yeah so we got the natural gas report. We actually haven't live streamed. A natural gas report in quite some time i don't really trade natural gas. Anymore where are all my you guys and yes people any of you guys still here right do you guys remember those days.
We have gold as well right there's a trade balance report. At 8 30. I'm looking at um. The release report schedule.
So initial claims is at 8 30. So that's about one hour before the market opens. That's not too bad yep bear market baby so best time to buy gold yep. You guys there it goes.
I found ricky when he was treating you guys. What's going on michael. What's up what's up no. I i really do appreciate um you guys hanging around and stuff like that especially.
I mean and this is the thing. It's it's you know a lot of you guys how many of there are you right now one of the things that i want to remind you is we have over 5 000. Of you right 5 000. Of you guys watching me right now one of the things that i first want to congratulate you on is you guys can be watching netflix right the new stranger things just came out there's a lot of different things.
That you guys can be doing right. Now. That is not trying to either learn more about the stock market or be proactive in ways on how to make money one of the first things that i want to remind you is you can always learn how to do this for free right. I have over 2 000.
Free videos. There's there's a lot of different resources out. There i want you to know that there's always a free outlet out there the thing that i the reason that i want to encourage you to do what's best for yourself is it does take time to learn how to do this. This is why we always try to encourage people to paper trade or simulation trade as they're just getting started it allows you to focus a little bit better on learning how to trade or learning how to invest instead of forcing and trying to make money right now here are two reasons. Why first off. We're still somewhat in a bear market. No question about it it's so much more difficult and so much more challenging to make money in a bear market. So if the market is still selling off you need to understand that it's just going to be more challenging for you i don't think right now is necessarily the best time to trade.
I think right now is the best time to prepare to invest and you can ask don't even take my word for it speak to any of your advisors speak to any of your you know long term investors. It's every time think back right think back to 2020. When coveted and the market taint and then the market recovered and then it made new all time highs. Think back every previous recession is viewed as a missed opportunity when you look back at it.
But when the market is pulling back. Now everyone freaks out and thinks that it's too risky of a time to invest and again it's all perspective. It's all about what you're willing to tolerate and i and i embrace that with open arms do not put yourself in a position that you cannot tolerate don't do it to prove yourself to other people don't do it to prove to prove it to me to people that don't even believe in you right who cares about those people do what you think is best for your future self put yourself in a position to succeed. And i think now is the best time to prepare it in doing so when markets are very oversold.
And there's huge recovery potential. I mean we're literally talking about companies like amazon amazon offers. If i'm not mistaken about 40 to 50 roi. So if we look at amazon right now and we look at where it's at right now and if it were to make a full recovery to previous all time highs.
I mean let me see a show of hands. Who do you think who thinks here amazon is going out of business. I don't maybe you do right. But with that being said imagine being able to invest in one of the most valuable companies that's publicly traded or really in the world amazon right and offers 65 roi.
Imagine that imagine living in a time. Where one of the most valuable companies. Offers that type of return and you don't even take time to prepare to be a part of it even in the smallest scale. I don't care how little i don't care how much money you have i'm not here to boost nor neglect your ego.
I'm all about actions. I think the actions that you take now in effort to prepare for when the market does recover. Even if you decide to not invest you will at least. Feel like you are a part of it when the market does and how it played out and that you knew or at least were prepared for what to do during this time. I think that's what's most important so here it goes. Nice little pullback pulling back into the red 2qq going from up almost 2 in the green good thing we locked in profits. There to now pulling back a little bit so strong balance sheet. No debt.
Billions and trillions in spare cash so s. P. 500. Is dumping really hard yeah.
It looks like the market is pulling back as of right now so again this is why we have to be able to tolerate and watch our position size the trend is still negative for amazon 100. Craig if you listen to my words carefully and i don't mean this in an insulting way right. But i want you to pay attention carefully. I said now is the best time to prepare.
I do not think now is the best time to invest first off. I would be lying to you if i could say that i could predict the future. Let's not sugarcoat things. No one can predict the future.
No one knows where the bottom is my job is also not to be perfect. I will never be a perfect investor. You will never be a perfect investor. So why are we trying to be perfect at buying at the lowest price point.
It just doesn't make sense is our goal not to invest. When it makes sense when when the upside potential outweighs. The downside risk when the risk to reward ratios are in our favor. Is that not when it's the best time to at least prepare to formulate.
A plan if you refuse to take action after then who cares. But at least you made time so if the opportunity does present itself. You don't feel like you're a sitting duck watching an opportunity pass by that's what i mean by taking time to prepare. I don't actually care if you choose to take action.
My job is i'm not here to ever tell you where to buy or where to sell i will never do that my job is to make you aware of what is present. And what i think could be a great opportunity and my only encouragement ever is to take time to prepare. So if i were to ask you pick one or two stocks keep it small create a watch list one or two stocks that you would buy the dip on and that you would like to invest in and hold for five to ten years think about it i think that it's just like it's a very simple question and you have so many options to choose from now. I'm encouraging you to only choose two i want you to be micro focused.
I don't want you to you know i want you to avoid all of the noise. I want you to invest in what you think is best you can have a safe one and you can have a riskier. One that's how i like to play it right i have apple amazon tesla tesla's my riskier one and then i have tqq amazon and apple two of my safe place is how i consider it that's that's that's what i view. It as tesla is my risky play.
Let's be honest tesla for its size of its market cap trades like a lower cap stock sometimes. But i like tesla and i see the potential in it and because of that i'm willing to take the risk. But in a smaller scale right i'll just be more careful with my position size. I probably won't invest as much into tesla than i would with amazon and apple make sense and again all i ever literally want you to do is to do what's best for yourself. I don't care if if you want to invest in the same stocks that i do i literally do not care. I i if anything it almost excites me more when you see value in something. Else that i don't trade is that not the goal is that not the goal to work with other people and to share ideas that are of value. I don't want a bunch of yes people i don't want to tell you hey you know i'm.
I'm. Buying apple. Yes. Yes.
Yes. Everyone everyone everyone buy apple buy apple ricky's buying. Apple. Who cares who cares about what i'm doing i am wired in a different way than maybe you are i tolerate risk in a different way than maybe you so why would i expect you to see the same value that i do it just doesn't make sense right i want you to do what's best for yourself stop asking.
What stock should i trade and take time to understand what stocks are worth taking advantage of that's the question. You should be asking what stocks based off of how you see value and how you're wired. Do you actually think are worth and quality investments. But guess what that means it takes time for you to learn how to trade learn how to invest how to determine a valuable company and that is correct.
I am. Asking you to do some work. I'm not going to sugarcoat things like everyone else right and i'm here to assist you like i said first link down below. It's our free trading group chat.
We have over 45 000. Members worldwide you can either join. It it's free and you can leave it at any time. It's just a group chat and you can message me any question you might have if you have a specific question that you want to ask me that's probably the best way to reach out and guess what you can ask me a question you can message me today.
We can have a conversation or you can just continue to push it back. I mean can i get a show of hands because we've we've all done it right we've all done it of let's be honest. I mean the only reason that you guys are still watching. This video is because the stock market is of interest to you right how many of you guys have been interested in the stock market.
But how long have you been pushing it back. Even if you are already investing how long did you know about the stock market until you finally began to try to learn more about it i want to see a show of hands because i i think you know you're going to be surprised. I think people are not only going to say maybe a couple of days a couple of weeks a couple of months. But i think it's going to be years. I think it takes time for people to understand that you know enough time has finally passed by let me just focus on learning. It's free to learn right it's free to paper trade you can paper trade right. We got four years. We got two years we have two years.
Let's see two years it looks like two years is the average 28 seconds. All right 10 years plus several years two years one year three months right 30 years. We have people at all different stages of in life all different you know some take action quicker. It doesn't matter right no one cares about how you are when you start it's all about on how you finish right even if this this is what i this is what excites.
Me the most and this is this might just be me right. I mean i do this every single day. I trade live every single day. With my learn plan profit group um.
It's something that i really have a big passion for do i expect everyone to have that same passion. No that would be um. You know i think when people begin to realize like yeah. It is challenging.
It it's not as exciting for other people for me personally. It's one of the things that i enjoy most i wake up every morning. I trade live with my group and every day. I'm presented with new challenges.
Imagine doing the same job over and over again and never being challenged. I think. This is why people sometimes hate their jobs because they're never challenged as individuals and guess what i mean you guys are all here for a reason. It's not because you're looking for the easy way out at least.
I hope not right nothing in life worth doing will ever come easy. And the stock market is no exception here it goes dropping so again. What what i'm looking for here like we said. Earlier is during the market open intraday support is right around 25 25.
So we will see we will see if we actually begin to show signs of a support here so i'm dying at home when uh whoever said 28 seconds. I know i mean do i believe that it really 28 seconds and you just took action maybe you're you're way better than myself right. I remember hearing about the stock market. And it was like a very like um abstract thing back then it was something that you know i never really knew anyone that either invested or traded.
I knew people that had 401ks right if you had a traditional job that had a savings account. But i just bought another 500 shares just letting you guys know. But other than that it was a very like abstract thing. But guess what now everyone has crypto wallets.
Everyone opens up a trading account. What is the biggest mistake let me let me see a show of hands. What is the biggest mistake. You think that happens when someone begins to learn how to trade or begins to learn how to invest let me let me just share.
This one with you so. While we're making a couple of bucks on tkq let me just share this one with you what do you guys think fomo. Not cutting losses. Controlling your emotions panic selling over leverage those are all great those are all great things to look for and and for people that are watching this for the first time i mean take some notes because if anything if you see something here that you constantly do maybe that should be a red flag maybe i should work on this right we got fomo ego the the fail to sell risk management over trading greed uh viagra overdose. I mean i don't know where that one is from but okay fomo uh. I can't say some of these you guys are ruthless wow. There's some that i can't even say i mean you guys see it right you guys can watch could see the live chat. If you guys can't see.
The live chat feel free to refresh the screen. Um entries and exits. Moving stop predicting no plan education having a girlfriend oh. Forcing trades indicators depression um.
No plans fomo quick money hype uh the fear of holding on all right you guys. I mean you guys have listed a handful of them you guys want to know what i think one of the biggest reasons people tend to fail right away. And i don't think. It's just about the stock market.
I think oh here it goes big push big push retesting 26. Again anything above. 26. Is considered overbought based off of today's resistance level so please make sure that you're aware of that i'm gonna get ready to sell let's see how much we're up here.
We're up 10k on the day. Let me go ahead and get this ready one more time i'm going to do 3 000. Shares. But i would have to say in my experience you know having a million subscribers on youtube having one of the largest free trading groups and trading communities.
The biggest challenge that i see people as they approach and learning how to trade or learning how to do anything is they never give themselves a chance to actually learn and just hear me out hear me out on this do you guys know what the failure rate of becoming a real estate agent is it's about 87. But how right how is something like real estate. How does it have such a high failure rate. Why do so many people that go to high school drop out or maybe not graduate.
Why do so many people that go to a free community college never graduate why does it have such a large drop off rate you want to know why accessibility when something becomes super. Accessible. People don't value it now hear me out on this i can become a real estate agent today. I can open up a trading account in 30 seconds in about a minute.
If i get approved right all of this is super accessible but go back to your first question and your first goal your goal was to learn how to trade but how many of you as you just got started and i know i did i'm no excuse to this how many of you as you just got started began to obsess about making money and not actually learning imagine going to college to become an engineer and expecting to get paid. The first day you attend class imagine that it just wouldn't make sense you are not conditioned. You are not informed enough you are not aware enough of what to do what to look for for the good and the bad of things right you have not experienced enough to make those informed decisions you simply did not give yourself a chance to to succeed because you were obsessive about making money and again how can you start there's a bunch of free ways on how you can start you can begin to paper trade you can join communities right you can watch other people on youtube. I love to push you to watch other people watch. Other traders watch other investors. My goal is really just to encourage you to work with those that you actually value so. If you see my trading sign you're like hey ricky. I like your ideas.
But your trading style just doesn't work for me. Then guess what i think that's great right my goal is to push you in an avenue and with someone that you think that you resonate well with and shouldn't that always be the goal to work with people that you value and that you work well with. But you need to give yourself a chance you need to practice you need to build experience and then with experience you can build confidence and with confidence and over time consistently you can begin to make money. Twelve thousand dollars on the day not shabby right.
And again this takes time. It takes time to to build a general understanding of what to do and what not to do your treasure chest of best practices. Your treasure chest of criteria. How beautiful is that right and it's not always like this because we have our red days.
I've had many many many many many red days. I've lost probably more in one day than most people could potentially make in a month. Right why well i trade with a lot of money. I scaled to this is that not the goal.
The goal is not to start with a lot of money. The goal is to scale to a point where i can tolerate to trade with a lot of money to invest with a lot of money that's the beauty of scaling just like scaling of business. You start small you build a foundation you build experience and then you grow you do it at a larger scale your wins are bigger your losses are bigger. But it all comes with time and again a simple rhetorical question that i want to leave you with before we close out this is are you giving yourself a chance to learn to learn how to invest to learn how to trade.
I don't know what your passions are are you trying to learn how to trade crypto are you trying to learn how to drop ship how to be an amazon reseller fba. Right are you trying to be an influencer. I don't know right you live in a crazy world. There is endless things you can try to be but again are you giving yourself a chance to learn how to be successful in those areas are you practicing without expecting any form of compensation are you trying to learn without expecting any form of competence. I mean we have members within our learn plan profit group that yeah within the first week or two weeks they could make money. I'm not really impressed by that right i i'm happy for them. But i want them to understand what they're doing i want them to do that consistently and i want them on their red days to be able to control themselves just as well as they do on their green days right we have this saying of like do not judge me on my green days. But on my red days right because i feel like that's where you really begin to express.
Where the truth comes out of how you handle and carry yourself. It's one of the most common comments that i get probably buyer. Learn plan profit traders during my live trading sessions of i could be down a couple thousand dollars like ricky. How are you so calm you just lost 3k and i agree you know i have i remember making 3k in a month right and i just lost it in a couple of minutes.
How am i so okay with that experience and conditioning. I'm not scared right not my job as a trader is not to avoid risk. It's just to manage it and i understand i've been immersed in this enough that i know that over time red days are inevitable they're going to happen my job is not to avoid them my job is simply to manage them my job is not to be perfect. My job is just to get better the next time i go up at bat.
And i swing here it goes beginning to pull on back let's get ready to buy the dip um. So if you guys can actually see so i made sure that i share the fed minutes um. It should be pinned in the live chat. Do you guys see it scared money don't make money i like it so did not expect this in today's live stream.
I appreciate it i i did not expect it as well i actually thought we were going to have jerome powell speak. But i i took the microphone today and i ended up speaking myself. I hope that you guys don't mind me taking over and speaking for a little bit so um. I'm gonna set up i hope that i can make it up for you guys um.
He is not speaking today uh. There is it's not a live from him. It was just that report um and i'm at least happy that i was able to share it with you guys making it a little bit easier and for those that stayed and joined us for a bit um. I hope that you learned something new.
I hope. I was of value for you and even the smallest way if there's ever anything that i can do if i can have a conversation with you if you think that i can connect you with someone that would be of value for you as long as it's respectful right send me a message all my links are down below right the first mess. The first link is our free discord group. My other uh the third link is my instagram you can feel free to send me a message.
There you can follow me there i post about 10 to 15 stories every day. I would love to connect right. But i can't connect with you if you don't take action. Um. You know we have a lot of people that watch our videos. We have a lot of people that send us messages and i would love to even just get to know you on a closer basis so send me a short. But sweet message. Who you are why you want to get started and how you think that i can be of value for you i want nothing.
But the best for you so. If i think that i can be a value for you then great if i think that maybe someone else i know might be better for you then great right i don't trade options. I don't trade crypto. I don't trade 4x.
If you have specific questions about that you can feel free to message me. And maybe i can connect you with someone that i trust in those fields. So all i focus on is i trade live every morning with my learn plan profit group right. I upload free videos on youtube.
And i trade privately with them every single morning. They're the only group that i work with on a closer basis. They're the group that i prioritize every single day. So if you want to learn a little bit more about it again you definitely don't have to but if you want to learn a little bit more about what it's like to watch matured.
Live. If you like my breakdowns. If you like my thought process. If you think that working with me would be a value for you then i would encourage you to refresh your screen second link down below.
It's a 100 off. Coupon so we get to 100. Off learn plan profit 20. It's all inclusive it's a one time payment and you get lifetime access daily.
Live trading sessions. A to z. Video lesson library you get access to our hq in chandler arizona. Yes it's a building 15 offices 7 000.
Square feet it's all inclusive and then the last thing is of course our private learn profit group chat and again there's there's no monthly fees. There's no yearly fees. It's that one time payment so i really do appreciate you guys time again that link is going to be that second link down below. I hope that i earned your thumbs up in this video.
I hope that you can consider subscribing if you feel like i earned. It uh and like always let's make sure that we in the year.
Just wanted to thank you for getting me out of AAL one symbol down a lot more to go. Much appreciated. That +3% and adding some got me finally out not a big gain but out. 👍👍👍👍👍
Hey Ricky I just joined your learn trad profit 2.0. Where can i find you trading live? I only see the course. Anyways I’m looking forward to your courses. Thanks!
thank you rick started trading tqq and took a nice position
the losses
Your course is great and watching you trade in the morning has helped me be more profitable. Stay awesome!
You are good!! I like your trading style and risk management!!!! You rock!!!
Quick buck
You're a boss, Ricky
When management doesn’t perform well next comes…….
i’m just starting this stream so idk if it gets boring but this is sooooo dope such a cool idea for a stream
🎉