Test Test one two three. what's going on? Team: It's working with long blind profit. Hope that you guys are all having a good start. It's a morning here we go.

All right, All right, what's up, What's up? Tesla Taking a nose dive. Beautiful, Nice little pullback there. Let's see how Apple's doing. Apple's holding up pretty well forming higher highs carrying the market as of right now.

there we go. Um, there it goes. breaking below that. EMA Let's see if we go back to retest.

uh, the moving average. so slight resistance right now at 284. Remember, you should be performing your technical analysis not on Tqs, not on Sqs. it is on QQQ based off of previous patterns due to path dependencies.

All right. good morning, good morning. All right there we go. Can you guys hear me? Okay, all right, sounds good.

Uh I think that there was a confusion on um what I asked for yesterday. So I asked for 1500 likes and by the time that I went to sleep which was midnight I said if we get 1500 likes again I'd be more than happy to host the live stream I I'm not going to be waking up prior to see if we got 1500 likes. so obviously I see that we got more than 1500 by the time that the market uh or by the time that the report was actually released. But by the time I went to bed, we had 1.2 K likes and at that point again I mean I have a daughter right? Um, I I am in no rush to need to host that live stream.

So because by the time that I went to sleep, it only had 1.2k likes I just decided not to host the live stream. Um, trust me I wanted to I mean I made the thumb now I made the video. everything was ready to go I was prepared to do so, but not enough people liked it. Um, that's just plain and simple, right? So um, because that happened I just decided not to host it right I wanted to sleep in and that is it.

So here it goes: testing testing but just wanted to make sure that that was understood again. If you guys want me to host that live stream moving forward, then just make sure you drop a thumbs up, right? That's all we literally asked you for. I I Willingly host these live streams. Not these.

These are for Lpp, but the other live streams Out of, you know, just an effort to like. It doesn't benefit me to wake up an hour earlier, right? It messes up my entire day with my lack of sleep. So if you guys can't take time to drop a thumbs up or other people can't then of course I'm not going to go out of my way either to host those live streams. So I know it might have bothered some people, but just want to make sure that it's It's very black and white for you guys.

If you guys want me to host them, then drop a thumbs up, right? and make sure that it gets to that point prior to uh, me going to bed. So it's very simple. Yep, and the report wasn't anything crazy I Mean if we look at how the market reacted initially, Uh, even prior to the report, we were bullish. We gapped, up, pulled on back, and then we just continued to Rally right? Because of right now, we're still trading above the moving average.

So uh, we're still trying to hold above that. EMA It's trying to form these higher highs and higher lows, but we'll see. We'll see if it actually continues to Rally It looks like Apple's kind of carrying most of the market as of right now, but we shall see if it actually continues to make those higher highs and higher lows we got Tesla being into form uh, that support already. What report came out today? So today it was the PPI report which is the Producer price index and we have it here for you.

So based off of previous expectations, we can see that the PPI report came in a little bit higher than expected if we look at the actual report. So let me go ahead and pull it up here. I'm sorry. it came in a little bit lower than expected.

so the previous was 7.3 the forecast was 6.8 and it came in at 6.2 So much lower than expected. Which means that inflation on the producing set of things is actually dropping much lower or much quicker than expected, which is a great sign for the economy. It's a great sign for the Federal Reserve That means that they can justify being less aggressive with future interest rate hikes. and I mean it's been what's been getting factored into the market.

You can see that we were uptrending by the time that the market um, you know, was about to report it. So so yeah. I Just want to make sure that you guys were aware of that. So the report came in at 6.2 percent versus the forecast of 6.8 percent.

So you should all be well aware of what exactly then happened here. We go testing moving average. let's see if we form these lower lows. Watch for a potential support here on QQQ Do you think that bad news can start to turn into bad news as the market looks past inflation and prices in a recession 100 right? At a certain point, we have to go back to what it was right Where bad news won't be bad news.

and it's specific bad news, right? So um, you know companies were reporting bad quarterly earnings, especially when the Federal Reserve is already beginning to slow down at that point. You know, Um, you're gonna you what? You just simply want to understand why bad news was bad news, right? We wanted there to be bad news, not we. I mean it made sense for there to be bad news, right? As in hey, unemployment is higher. What else could it be? uh, the occur anything that was hinting that the economy was slowing down.

That's what. really? By the bad news that we're focusing on, right? Because if the economy was slowing down, that's all the Federal Reserve really wanted that and for inflation to start coming down right? Those those are where the two focuses. They wanted to see a Slowdown in New York in the economy and they wanted to see inflation coming down. And we did right.

We did see a Slowdown in the economy and maybe not as much as they wanted to uh originally. But then now inflation is coming down, right? So positive takeaways. So Tesla forming lower lows Tesla right now is at 134. it's still in the green, right? so it's still a Green Day for most of the market, at least for now.

So we're gonna go and test again. We're a little bit more on the oversold side, so I'm debating if I should go into Tqs as of right now and or get ready to short the market a little bit more. So there it goes. Beginning to show signs of a support All right 100 because you have to understand that as well, right? Jonathan So China opening up again after you know its second wave of covet right? Uh, along with the Us trying to re uh, what was it? It's manufacturing may actually really help the economy.

The slow inflation I think it definitely can I think China opening up to say the least I mean that within itself is um a is I would say positive notion for for our economy, right? Um, especially with the negative influence that it's had in specific areas. So did you close your Sqq position I did I don't know if you watched The Reel that I posted yesterday on Instagram but I showed that I only left myself with one share on ask QQQ So I started the morning off with one share of Sqs and one share of Tqs just like how I normally like to. So I did buy some Sqs at these at the over bot levels I'm sorry oversold levels as this thing began to Gap up. So I was trading when the PPI report came out.

so I was just trading for my room. um I just decided not to go live because it didn't get the likes that I wanted it to. uh by the time I went to bed so I wanted to make sure that you know I I stuck to what I said. remind me why do you keep one share originally I kept one share because it would show how much I was up or down and I wouldn't need to keep one share but then I just started to call in it my lucky share because I don't need to do that anymore.

Weeble has updated to the point where even if I close out my position I can still see how much it was that I made or lost on that trade. But yeah, so now I just call it my lucky share and it's kind of just like this little stigma where I just leave myself with one chair at a time. Um, and yeah I Think it's just funny. It confuses some people, right? They're like why, why is there still one chair left Here it goes.

we're testing that EMA watch out for the higher lows here, right? Because if it does form the the higher lows here and begins to go back to retest that resistance. That's a very positive outlook for um or positive step for QQQ right? So we're going back to retest. Look at that big green candle. There we go.

I Like that. That's funny. Testing that same support Here we go. So resistance during the pre-market session.

let's see if we can actually break above it this time or are we going to get rejected Once again foreign. There we go. Beautiful red candle, beautiful push. There we go.

testing that moving average. Took the stairs up and the elevator down. Now going to retest that same resistance. Let's make sure that we're aware of it, right? and you explain resistance and support.

Um, it's not in your curriculum, it is in the curriculum. It's literally one of the first sections in the course. There we go. it's getting rejected.

Business inventories we've got housing index had a very significant there. We are going back to retests. It looks like it's wanting to wow I Thought he would want to look at that retest that same support. So Ricky lettuce bulls have the morning.

Then you can win later on. That's funny. You just keep winning. You guys want all pre-market session.

He has built a nice little gap down for QQQ So I had to see if we can short it. right. There we go. So it's so annoying when it doesn't know where to go.

Remember right, if direction is unclear and you're struggling to see that direction, this is where you either stay. Cash or your position size reflects an unclear direction, which means that it should most likely be a little bit lighter, right? Uh, Ricky Will you be live streaming? Some earning reactions? Yeah. I'd love to to host some of those and if I don't host it publicly then I'll host it privately for you guys. Yep.

So if there's you know significant earning reports, right? I'm not going to go live like Netflix or ninja or anything like that. But yeah, I have something like you know Amazon or Apple or Tesla is reporting their needs. It's popular enough that I'm sure a lot of people would like. You know once you're not into those live streams, so 200k likes first? Yeah! Ricky Have you had breakfast yet? no 7, 30 Everyone's still sleeping at my house I'd turn on into the Netflix series.

Yeah, maybe there it goes I Want to see if we could we can actually break below that moving average. It's testing it quite a bit of times where it's giving me the idea that the only reason that I think that it might not actually break below is because it didn't break below even when that report came out. So buying pressure might just be that high. But it just continues and continues to test that support range which is giving me the hint that it's like hey, you know it's actually it might be a little bit weaker than than what we might expect.

So there we go, right? So again, we're looking at QQQ not on Sqs, not on Tqs. We're looking at QQQ to have a better understanding of what the NASDAQ Market is doing right. A one for one, not triple leverage, not double leverage. single leverage one for one.

This is where you would be able to perform the more accurate technical analysis right? because the triple leverage. ETFs They get rebalanced every day. just like we explained in the course, right. Still showing signs of the support here.

Watch for the break above that. EMA I Do not use the V-wop app and use V-wop in over a year. So what's going on? Samuel might have been a while Tesla dropping Yep. Tesla's dropping new lows 132.

lower highs, lower lows here I Already showing signs of a recovery and look at that. I Think this is coming from Apple Within itself Apple's performing well Amazon's beginning to reverse. Meta is trying to reverse Microsoft has shown signs of a support, showing signs of the support, showing signs of a support That's good right? when everything begins to show signs of a support that's good for the Bulls that's good for the Bulls. So let me just make that clear.

so it's not good for me. necessarily not right now. But it's good for the Bulls. So I I don't mind talking about that.

Uh, there it goes. Going back to break above that EMA Going back to retest the 2070 resistance. Look at that. this one's coming coming a little bit quicker.

higher highs on Apple Nice. There we go. 2067 2068, 2070, 2071 Watch for new highs on the day: 2071 2072 Her all right, showing signs of a resistance here once again, at that 2070 range. Let's see if we actually pull back foreign.

It's up to you. So right now, we're still showing signs of a resistance for Tqq at that same 20 or same 2070 level, which for QQQ, it's still below 284.. So still valid. Still, a valid resistance will most likely pull on back to retest that EMA if we break below that, we're going to go back to retest that moving average: it's the same cycle over and over again until you either see a break above or a break below.

right sideways day. I Mean guys, it's 23 minutes until the market open right? Sometimes it takes a couple of hours for it to identify its true. Direction We've talked about it many times. If you continue to waste your day trades and you're under the PDT Rule and that frustrates you, then just wait.

Wait 30 minutes. Wait one hour after the market Market opens and see if direction is more clear. There's nothing wrong with that, right? It's a simple step that you can take. but yes, some days Market Direction is very clear.

Some days, most days it's not right. It's not always a pretty picture. This is where it challenges your patience and your ability to wait for confirmation. Sideways hour: Yeah, there it goes.

they'll showing signs of a support. This is a great sign for QQQ that's a great sign for Bulls Foreign Look at the five minute directions. a little bit more clear, not necessarily. I Mean it's just as clear as it is on the one minute as of right now, right? We're still trading above the moving average, still seeing the higher highs and higher lows If anything.

I see more data on the one minute. So five minutes a little bit. uh, difficult to look at right now because I mean there's not much data to go off of, right? Market just opened less than 30 minutes ago. So yeah, well, it's not just Market You know good PPI means Market consolidation.

not necessarily right. Um You have to give it what it's doing. I mean Tkq is up two percent. That's it's still good guys, right? I mean the Market's still going up.

You have to understand QQQ The NASDAQ It's not based off of where it was right. It's hit lows of 260, went below 260. now it's trading at 283 285 or a little bit more on the overbought side. So we talked about it before.

Also, I mean PPI reports are significant, but they're not as significant as the CPI report. It's not going to have that same effect, right? People just don't care enough about. they don't give it enough attention for the producing set of things. This is what I explained.

It's always the consumers, right? People always care because there's more consumers than there are producers. So people at the end of the day care more of what's happening to Consumers and what's happening to producers. But for investors and Traders like us, it is useful information to take what happens on the PPI reports because it can foreshadow you know or forecast what's to come on the consumer side of things. So this is good if we're seeing a larger drop month over month for producers in the month of December that got reported in January What does that tell us that? Hey, you know, maybe in the months that followed Based off of this, this, you know PPI report.

It means that consumers can probably continue to expect. You know, inflation going down. That's that's what this inflation report on the producer side supports that inflation is going down on producers and that gets passed down to Consumers and vice versa. It would have been the same if inflation was going up.

Hey, if inflation is going up, then that gets passed down to Consumers down the road. right? It's locked in profits. It's looking weak. I Agree, it is looking weak right now, but it's also not extremely bearish, right? We're just consolidating around that two percent Mark or 0.7 percent Mark for QQQ I Think it's waiting to see if we actually break above that 284 which I believe that it can, but we continue to test the support range right around that moving average as well.

Foreign look at that. Taking the stairs down and the elevator up right? Would it take five to six minutes for this to sell off and it recovers in just one one green candle? So this is showing the you know how strong Bulls are right now and you have to respect that. Higher highs on Apple Is that what's going on again? 137.84 Dang it. Apple I Need you to sell off? There it goes.

Apples gapping up so is NASDAQ It's about to break above 138 a share. Looking at previous highs, this is great for the NASDAQ Market Remember this thing gaps up. It has such a large market cap. two trillion dollars, not billion trillion.

Now if this thing gaps up, it influences overall markets right? We've talked about this. There it goes. Looks like it's about to break above 138. It tested 138.

Right now we're back at 2070. for Tqq and we're testing that resistance range. There it goes. Taking off.

Watch that breakout right? Tkq We broke above 284. from 284 to 284 27. Nice breakout on QQ Cube This is in favor of the Bulls right? so we could see how healthy it's looking. We have Apple breaking above 138.20 a nice rally Amazon at 98 and about to make new highs.

So everything is pointing for the Bulls right Now look at Meta. going back to try to retest and again the more that this things Gap up, the more that the rest of the market will Gap up. But again, any reaction. The only thing that I do want to remind you is that any reaction tends to be an overreaction in the stock market, right? So we must take that into consideration.

Foreign we have Tesla Trying to go back into the 135, there goes: Tesla in the 135, this thing's still picking up some steam. 284 40. nice Gap up RSI Macd looking very very overbought. Just a little friendly.

Reminder for you guys. Again, remember your intention, remember your plan. We have Tqs up three percent on the day. You have to know when enough is enough and or you know As of right now, it's just showing signs of it being a little bit more on the overbought side.

But it's still very, very bullish, right? So just make sure that your position size reflects what is going on. It doesn't mean that you have to sell your entire position, just stay calculated right, stay effective. You could sell it all. Or if you think that we're about to take off even more.

maybe you could buy some right. Or you could reduce your position size If you view us to be overbought enough that it could, you know, expect a pullback. So just a reminder to have a plan. Don't get too excited, right? Ricky I'm almost out of that PDT roll I Like that.

Congratulations. That's really exciting There we go, just getting rejected. Wow, that's still holding up here. Apple is still moving up, which I'm sure is playing a big role on the market.

still holding at these levels, apples will mean very, very well right now. Just be aware of that right holding very well right now. Do you guys remember what happened yesterday? For those that did not prepare, remember Apple Gapped up. Everyone was super excited, tussle was gapping up, everyone was super excited.

and then guess what happened? They peaked, they began to sell off, and then it was a domino effect on the opposite side. Right. Markets began to retrace. so did everything else.

And then there's an overreaction on that side of things. right. Overreaction on this on the way up, over reaction on the way down. And then we correct ourselves.

that goes. still gapping up. Oh my apologies. sorry I just smacked that life out of this microphone.

Yep. Amazon Going back to retest that 99 price point. No signs of a pullback just yet. very overbought.

Macd I mean everything is is pointing that it's extremely overbought. but Apple just continues to rise Amazon is continuing to rise. So congratulations to all the Bulls out there. Tesla is struggling a little bit more, but again it's Tesla So don't take it to heart right? Tessa kind of does its own thing from time to time.

Um, but as of right now, we are very very very overbought. Remember, this is not the year of being perfect. this is the year of not being greedy, implementing progress, right? So please I Do not want to hear it later down the road Today, if your intention was to day trade Tqs, then you better be. You know, setting up for an exit at some form, right? You don't have to sell right now.

but if there's a change of Direction a change of pattern, right? It is your job to hold yourself accountable. I Don't want to hear like well I wanted to sell at 285 or on Tqs I wanted to sell at 281 or 2, 9 or 20. 95. Whatever the case might be at, it doesn't matter what you want, right? your hopes and aspirations about what you hope to manifest the price becomes no, it's not about that, it's about what we're given and if it gets there great and if it doesn't then when there is a change of Direction because you left your position open, you have to hold yourself accountable.

You can either close it now and lock in what you have or if you potentially want to make more great. but you run the risk of that open position because of the possibility of a change of Direction To you know, give some of it back so your job is not to be perfect. Your job is just to make sure you control how much you potentially give back and need to sell at 21.. All right for Tkhiq, you're about 11 cents away, right? Yeah, there's no break of pattern just yet.

We're just overbought. I'm just making sure that I say this in advance. So if this thing does come pulling back as eventually it will that you're not regretful, right? You're being told in advance you're reminded of hey, you know, control that position. There goes new highs we are at 20.

90 for Tqq. Okay, so Spy Crossing 400 Not sure if that was the target for today, but that's really really good, right? for Spy which is the S P 500 ETF Very impressive. Next resistance is 405 for it, but yep, it's doing very, very well. Now that it's hit 400, let's see if it pulls on.

Back here we go foreign. Let's see if we get that overreaction. All right. Eduardo I'll check my direct messages.

um after this live stream. So if if you've been messaging me and it's been more than 24 hours and I haven't gotten to you, send me a period and then it should bump it right back up sometimes I do oversee messages. Um, so just know that. Okay, but I'm not going to look at it right now right now.

I mean I'm live. So after I finish up here I'll I'll start catching up on my messages. Thank you! Here it goes. Nice Pullback Testing: 284 Support.

Look at that. Okay, QQQ Struggling to break below 284. But remember, if you want to overreact on the way up, you get an overreaction on the way down. But my one share of excuse is doing really well right now.

I Like that foreign below that support 284. we're going back to retest what was a previous resistance and now could potentially act as a new support. Still showing signs of the support right now. Foreign.

There we go. Come on buddy. Ah, foreign. Watch for the break below.

Watch for the break below. Let's go back to test that moving average. Come on. Nope.

but again, one thing that I do want to bring up and I'm telling you this: as someone that's shorting the market right now, um I'm still going to respect what's going on here. This was an old resistance level, but now that we broke above, it should be acting as a new support level. so just make sure that you are aware of that. So as of right now this should be acting as a support because this range was a resistance range.

But when we break above it, it then gets tested as a support range. So as of right now this should still be in favor of the Bulls. This would be still a step in the right direction if it holds here. Now if it breaks below, then again, it goes back to the previous lows and that's not a good thing.

So the goal if you're a Bull is for it to hold Above This range if it breaks back below and begins to retest the same support range. Then again, that's not necessarily in favor for you. There it goes showing signs of a support which is a great sign for QQQ but we're not seeing higher highs just yet. Ricky You still holding American Airlines Now I was it was one of the live streams that I posted that I locked in profits? Um yeah.

I Saw that it was trading above 16 last time. so um, this is Def I Mean this is not an average move, right? Do you guys remember when I bought some around like 12 50, 1260? look how much it scapped up I could have should have won it, right? There's no breakup pattern just yet. It's extremely overbought, right? Look at that. RSI look at that Macd 42 gain for my average purchase price.

Um, but yeah, no. I Sold right around this area. Fourteen dollars, Fourteen fifty, right? And it's gapped up another three dollars per share. So quite impressive.

I Don't know if any of you guys are still in American Airlines But uh, get out. No. I'm just kidding, it's very, very overbought. but it's been overbought, right? It's still gapping up.

um I Think it's just important to be aware of overbought and over so levels? Yeah, I'd probably be more willing to get ready to short this than to continue to hold. but I'm very happy that we've talked about it right in advance. anytime that it's at the at that um, uh, 12 support range and here it goes: breaking below the EMA This is not a good step. This is not a well.

this is not a good sign for Bulls Um, we're breaking and or testing to break below to form lower lows below that EMA So there it goes. Oh okay. foreign. there it goes Tesla broke and again, just like we've talked about it, when one Falls they begin, it's a domino effect.

and when they all Begin to Fall Remember, this is the overreaction, they all gapped up and that was the overreaction. Look at this: What do you think? They're all in the brink of right. Breaking below EMA Apple Already breaking below EMA Meta right about getting ready to break below. And if all of that selling pressure Falls and happens at the same time, what do you think happened? It's an overreaction.

Look at that. Selling pressure, Selling pressure, Selling pressure. We talked about this. We prepared for this.

It's an overreaction on the way up. Just like we've said, you guys can all make your money all of the Bulls right. Make your money on the way up. But you need to know when to lock in profits.

I and I know there has to be a handful of you that did not lock in profit because you refuse to believe that something is overbought and it's bound to pull back right? Please, please, please remember we're trying to do things differently this year. I Don't need you to be perfect. You will never be perfect. Stop obsessing about that.

Just be good should be better than what you were yesterday. That's all right, please. This is this is for you. You making money and locking in profits.

It's not that I make any money off of that, right? It does. It doesn't necessarily do me any good. Do it for your future self. Don't even do it for you now.

But do it for your future self. Like why wouldn't you lock in profits when you know it's overbought, right? Or have some form of Exit Plan at those overbought levels I Know there has to be a handful of you that did not lock in profits. Now let me make this very clear: If your intention was not to day trade that I'm not speaking to you right because you have a different intention and I respect that if you're still swing trading because you still think Tqq is going to Gap up to 300 right? for QQQ If you think it's going to go to 300 right now, we're at 280. you're like no I haven't fulfilled.

There's no breakup pattern on my swing trade yet, right? You have a different intention. I'm talking about the day Traders Those that entered to exit today. you are the ones that I'm I'm wanting to put pressure on, right? If you feel bad because of what happened today and or you could have locked in profits, then good, you should feel bad, right? You made a mistake. You should be aware of it.

Please. Like, we cannot stress this enough. It was very obvious that we were overbought, not that we had to pull back. That's not what I'm here to say.

We didn't have to do anything, but it's very obvious, right? This thing can always recover. But it's not about that, but it have been more calculated for you to exit and then it did sell off right. at a certain point it didn't have to be at the highest level it could have been. you know, wherever you saw it to be fit.

I Mean this is why we have to adjust the EMA depending on you know. I'm not trading this so the break of pattern would have been here would have been obviously and you could see that big red candle that followed after right? So for Tqq that would have been right around 275. you at least would have kept some of your profits right from overall open to close. So it was up twenty dollars Now I'm down 130.

Remember, like the risk to reward does not make sense when you bag hold. Please remember this year it's not about being perfect I just want you to be better. but you need to know that you did something wrong and even if this thing does end up recovering, this is why I'm saying this because I know that it probably will. even if this thing does recover and you end up in the green just now that you still made a bad trade.

I Don't care how you end up, you can take an extremely bad trade and end up in the green. That doesn't make you a good Trader right? You can end up in the red and it would have been. It could have been a good habit, right? You manage the mitigated your loss. That can still be a good traitor, right? I Don't care if this thing ends up in the green, You need to know what you did wrong.

You need to break those bad habits. So Ricky How was that push on Tqs and overreaction when the report was positive? First off, it doesn't matter if the report was positive I can rep. You know the report can be negative and it could have gone from twenty dollars all the way down to sixteen dollars in a moment. You don't think that's an overreaction.

It doesn't matter what the report happened at a certain point, it's only worth so much. It's only valued so much. but this report was pre-market It has nothing to do with this rally that we saw. Yeah, Market Sentiment might be a little bit more bullish, Correct, but it's it's I Mean it's as clear as day can be.

right with the RSI With the Macd of how overbought we are, we're at that three percent. Mark And we've been super bullish time and time again. So how does that not make sense that we are overbought? We saw it all happen yesterday, right? We saw it all happen where the market gapped up very aggressively within a short period of time. Just like with Apple, right? And what happened yesterday, right? What happened yesterday When the market gapped up, We talked about it.

Everyone was focused on Apple everyone was focused on Tesla Yes, everything's going good, but remember when there's an overreaction there and then those begin to pull back, it brings down the rest of the market with it. An overreaction on the way up, an overreaction on the way down. So now we're beginning to show signs of a support which is a great sign for QQQ. But remember I'm gonna I'm gonna leave it at this.

I Do not care if you and end up in the green today and you're in Tqs if you are someone that was that's not swing trading. If you were a day trader and you bought down here, you didn't exit at all. You held it all the way back down here and then you end up selling back there. That's a horrible trade.

I Don't care if it ended up in the green, you got lucky. Understand what? you could have done better at all, right? Because it is due to chance that it happened to come back and remember it's not due to chance I Don't want to leave it at that. But what I want to remind you is at least you did yourself a favor and you put yourself in a position that was bullish. This is why we talk about what overall direction is in your favor.

you are still more likely to succeed because even if you do make a simple mistake like this where you don't have an exit plan, it sells off. but then it recovers And that's that. was supported because the overall direction is still in your favor, right? So I want to give credit on words to? At least you're focusing on putting your money in something where you know direction is in your favor. But again, that was last year.

Those are simple habits to to focus on. Now What could you do differently this year, right? You could have exited at a more you know effective price point. when you saw that it was overbought, you could have reduced your position size. It could have either sold it all, sold the portion, and or at a break of pattern.

right then it sells off. You could have re-entered and made the same. You could have doubled your profit versus just break even and or make what you already were up. Always take your upside potential versus your downside risk.

How many of you did not sell because you wanted to sell out twenty one dollars? You guys thought it was funny when I was giving that analogy. but I can reassure you. Some people had 21 dollars engraved in their mind for 10 cents. You gave up 30 cents.

Tell me in what world does that make sense? Do you get what I mean I Make this mistake and have made this mistake so many more times than you. So I am not saying this because I think that you are a horrible Trader I'm telling you this because it took time for me to understand what I needed to do differently I made mistakes where I implemented bad habits I held the position. it ended up recovering I made a profit and I thought that that was a good trade that is not a good trade is not defined by you in the green or in the red. We all know that right? It's about your ability to enter and exit effectively.

So then how do you know when it all, when uh, it continues to go up if you always sell early Javier Like why are we talking about? well what happens if I always just sell early? So right, and in 2022, what happened? The market sold off for the entire year. Why are you concerned about selling early? You can work on that in getting better later down the road. that should never be your. You have to think about what's worse.

What? What do you think is worse Javier not selling at all or selling early I would sell early time and time again over not selling at all. What do you think is a worse habit, right? Yes! I agree that if you do have a constant habit of selling way too early, then you can work on reducing your position size. You can wait to, you know, a break of pattern, but at least you have a reason on why you're selling versus. well, what if it continues to go up? That's not a way to trade.

That's kind of like living life of like. But what if this happens, right? No, it's it's not about that. It's your job is to take action and to do it in a calculated way, right? So if you consistently have the well, what if I could have made more money correct, you should allow your Runners to run. But at one point there is going to be a break of pattern and your job is to hold yourself accountable, right? And that's where you need to make those adjustments.

It's not about the what if I can still make a little bit more money. No, it's not about that. it's about okay. You know, at this point I've made this much my upside potential.

It's just a little bit. my downside risk is much greater at that point. I'm going to either reduce my position size, sell it all, or get ready to. you know, if there is a change of direction to get out of that position, right? It's very simple if you explain it that way, you just take upside potential versus downside risk every time that you're in a trade and then you decide hey, I'm like, speak it out into, you know existence.

Okay, so I'm gonna hold my position at 20 90 because I think it's going to hit 21 and I'm going to potentially make 10 cents. but I know that if it pulls back to the moving average I'm going to give back 50 cents or 40 cents. So I'm going to risk 10 cents to make 40 cents. Explain to me in what world does that make sense when you when you speak your thoughts right, like if you're explaining to someone else, it's very easy to hear that that does not make sense that's not calculated.

Those odds are horrible, right? Just speak it. Speak it out to yourself. This is why you have trading journals right? That's why we offer them right so you can write out. Okay, well, this is my potential profit.

That's my potential loss. Simple right. And and I don't know about you guys I can't speak for you guys. all I can speak is from my experience.

but when I sell and I lock in profits. and trust me, there are a few times that it does suck when I sell early. but it feels so much better when I do sell and when I lock in profits, it's just like this weight got lifted off of my shoulders. But I don't know if I can I don't know if you guys experienced the same thing.

and yes, sometimes it does suck when I sell early because it really does take off. But more often than not if I talk about me doing this a hundred times, I made me selling early is more often a better habit than not selling at all and that's what we're in the business for, right? The business of the odds to be in my favor. I Just want to remind you right? Just want to remind you that can always be a little bit better and we're testing that moving average once again. So I'll keep you guys up.

today. it looks like we did another one hour live stream. um and again I Have nothing against Javier but I just wanted to make sure that Javier was aware of what I thought to be a bad habit right? because I know that's the mindset a lot of people have of like. but Ricky what if it goes up even a little bit more? who cares? Javier right? Who cares? You're not.

you're You're starting to learn how to trade, right? Your focus should be to build healthy habits and this is and this is where. like I I want to remind you like you're not in the business right now to make money. If you make a little bit of money then great. That's just the cherry on top.

That's the sprinkles. But guess what? I'm trying to prepare you for like a year or two years from now When you have the confidence when you have the experience when you have the good habits when you're trading with 10x of what you're currently trading with, don't you think it's more important then to focus about making money? Not now, Not now, right? Just focus on on being better. That's all That's all I'm focused on this year because I have a lot of room for improvement and I'm telling you this as well. One of your instructors, right there's there's a lot of mistakes I make.

There's a lot of things that I can get better on, but 2022 definitely taught us. You know a lot of things and I'm excited Excited to put that into you know, fruition this year. So um up here is regretting by an LBP Now it's tough love, right? It is tough love and I'm sure Javier will not. Um Jerome Powell just tested positive for Kofit Jesus Um, it is tough love and um I just hope you don't take it to heart.

but I know you probably won't forget this for a while and that's good, right? I needed to to stick I needed to build healthy habits and that's all I want for all of you, not just Javier but all of you. Uh so yeah, if we see Javier on the main chat, just be like I mean in a bad way Yeah so I appreciate your guys's time I hope that you guys enjoyed today's live stream. Um, it looks like we're testing that moving average. If we broke below this moving average, I'll be adding more to my short position.

Um, but as of right now, I'm still pretty light on my position so I'm in no rush to, you know, do anything about it. so still very early within the day. Excited to keep you guys up to date! You guys know exactly what it is that we're looking at. You know, QQQ is a more more on the overbought side than it is on the oversold side.

You guys know that we have up and coming earning reports and again, it's all depending on how those are reported that can do more harm than actually good, especially with Market being this overbought based off of recent patterns. If earnings are not good, well most likely retrace back to that 260 255 range. So I Appreciate you guys time, hope and wish you guys an amazing Wednesday Happy hump Day And I do want to remind you again, we have our Apple watch Ultra giveaway all of our Lpp. A lot of our giveaway winners have been Lpp members, so I'd love for you guys to win once again.

Remember, you guys get 20 off your entire order. Just use promo code Lpp at checkout. discount does not apply for the mystery box. I Saw some of you guys trying to buy a mystery box with a 20 off.

it's already discounted and it's excluded from any further discount, but everything else is 20 off for all of you guys. If you guys don't have a Wall Street shirt, any trading mouse pads aluminum or again, every one dollar that you spend equals five automatic entries. So if you buy something like a mouse pad, that would earn you 100 50 entries to win this brand new Apple Watch Ultra which is the most expensive Apple watch that Apple offers to I Appreciate your time, hope that we're into thumbs up and if you have any questions, feel free to reach out to me via Discord So like always, let's make sure that we're in the year on our green now. take it easy team!.