What's going on guys! Welcome To our free live trading session today it is November 17th it is Friday and it's time to see what the market does. Let me go ahead and start sharing my screen so you guys could see exactly what it is that we're looking at right now. Looks like the NASDAQ Market was trying to pull on back during this pre-market session, but I'm just not going to believe it because we've seen the market be incredibly bullish. Uh, the past two and a half weeks I would say right? We've been experiencing one of the strongest rallies for the NASDAQ Market in all of 2023.

Uh, so it's just again, very important to be careful that we don't get a little bit too excited at the first sign of a pullback because of how strong and how bullish the market is, right, how quickly it could bounce. So, uh, sit back, relax. Um, I Really hope that you learned something new. If you do, please consider dropping a thumbs up and subscribing if you feel like we earned it.

Um, and it should be a good one. So here it goes: NASDAQ Market's still dropping testing support range here All right. wait to see if we show continuous signs of progress. On the downside, on the 5 minute time frame, looks like we are now trading below the moving average, which is really nice to see.

Yesterday we hit lows of 38356 for QQQ on the 30 minute time frame we are trading below the EMA line but barely right. We could easily Bounce From that we have a nice little sell signal for the first time and um, but again, still holding above yesterday's support and still far above the moving average. So just want to make sure that we don't get a little too excited. Um, before any anything actually happens, right? So good morning, good morning, How we all doing what's going on? Violet from Nashville Happy to have you here.

Okay, already showing signs of a support. All right. Oh, they did change it up. Uh wait no there it goes.

Quick bounce all in favor of QQQ This is why we have to be very, very careful. Good morning, Good morning. Can you guys see the live stream? Okay, everything's good. All right.

Perfect if you guys could see everything. Okay, just make sure that you partake in the live chat. Any questions you might have, feel free to ask. Um, you do have to be subscribed to the channel, so just a little heads up on that.

If you're not able to partake in the live chat, it's because you're not subscribed. So all right. So what I'm trying to see here is are we going to continue to trade below this? EMA Right if we show continuous signs of a descending pattern I Would love to jump into Sqqq right? I'm trying to identify if direction is clear. One of the biggest mistakes that I can, well, really anyone can make is jumping in thinking that something is going to happen when you don't actually wait for proper confirmation.

How many times have we done that right? You're like oh, I think a reversal might happen but you don't wait for confirmation or hey, I think this is going to sell off but you don't give it time for it to push up to get rejected by the EMA line and then actually sell off right? Um, so just trying to give the market a little bit of time I've made the mistake many, many times. at right at Market open I try to take a trade and then Direction quickly changes or things are not as they seemed to be. And again, this is one of my my rules that I had in October and one of the rules that I'm implementing in November where it just talks about giving the market the time that it needs to paint its picture for the day right? kind of identifying its lows, identifying its highs for the day. you know it's overall direction for the day.

Uh, we go descending pattern on QQQ So when this sells off I want to remind you for those that that are a little bit newer, it's Sqqq that rises. So Sqq Rises when the NASDAQ Market drops right. So when I when I talk about, there's always money to be made as long as you focus on Direction it's because of this. So when this thing sells off, Sqqq goes up.

But if QQQ does begin to go up, then Tqqq also goes up. and Tqqq and Sqqq are triple leverage. meaning that if NASDAQ moves 1% Tqs and Sqs move three times, That make sense. So if NASDAQ Market has a 1% gain, Tqs has a 3% gain and Sq's has a 3% low.

L Really cool, right? NASDAQ Market loses 1% then Tqs loses 3% Sqs gains 3% This is the beautiful thing about you know, trading inverse ETFs is that as long as you focus on Direction you can make money without actually have to having to. You know, borrow money. Uh, or borrow shares to short. All right.

Finding a support look at that quick quick bounce again. I'm just let me see a show of hands. How many of you guys think that the Market's going to sell off today? How many of you guys think that this might be a nice little bear trap? A bear trap means it just encourages you know, a lot of people to maybe enter a short position. and then all of a sudden this thing begins to recover.

And remember, when you short something, you make money as it sells off. So it's just to kind of get you excited. so you open a short position. but then all of a sudden if it begins to recover, you kind of get caught on a trap, right? And that's the idea of a bear trap.

There's bear traps or bull traps. Really, what they are are kind of like fake outs and then they quickly reverse. So um yeah, no selling off today. I Like that there a sideways Market selling off Soon we got some selling.

Yep, we are seeing some selling pressure right now which I think is pretty good. Let's see, we're getting kind of close to yesterday's I think it was yep, 1650 1659. that was for Sqqq and for QQQ we're far from that. We're $1.50 away.

Look at that. I like that. Jacob Thank you Beautiful pullback. Beautiful pullback.

We at 384 so we have S Kikq nearly at that 1% Mark right? Kind of just like I Sent out the announcement to the Lpp team yesterday. There is one point let's see if I could pull it up. I I post on these on this chat within our Lpp group called trade Ideas and this is just only where I can post right. It's kind of just to remove all the noise from you know, other members and it's just me.

So I try not to update it too much but maybe like once an hour I try to give updates unless something active is happening. But yesterday the NASDAQ Market had a really strong selloff right? We hit lows of three 8 350 and I announced it and I was like um where was it what the heck now I can't find it There it goes Selling selling QQ Oh man oh shoot I think I was talking about two days ago, right? the NASDAQ Market sold off when I talked about what a beautiful drop on QQQ Now the question is, will it hold until the end of the day? Remember Bears Um, this is still bull territory and the whole idea is to bring awareness that, um, you know it's nice when the market does pull on back, but if you look at overall recent patterns, you could see how incredibly bullish the market is. So the idea that I was trying to share two days ago and again, it's just been a common habit, right? I'm sure you guys have noticed it if you've been paying attention to the market. um, it's been really frustrating to see that the market sells off and then right when you're like, okay, finally right, there's a huge and and the reason people might you know this, this might not make sense.

For someone that might just be getting started, you're like, why would you want the market to sell off Well remember, you can make money by going into Sqqq when the market sells off, right? So there's It's so overbought that there's huge downside potential. So that means that there's huge upside potential for Sqqq, right? So how much? Well, again, if it were to be a perfect world which it's not, Uh, and return back to previous highs of 23, we're talking about a 40% return. That's insane, right? Great. But every single time that if we show any signs of a pullback, it quickly recovers, we Gap up, pull on back.

quickly recover. We sell off quickly recover. And this is why we've tried to make people aware that as the market, you know until there's a break of pattern which there has not been just yet on the 30 minute time frame we've retraced to the moving average, but we've never broken below since this rally has started. So this is why I just want to be very, very careful and bringing awareness of hey, you know, if you're a bear and you're up on your position as the market is selling off and the Market's still incredibly bullish, don't be afraid to lock in profits, right? We shouldn't be afraid cuz Market can quickly bounce back.

And when it does bounce back, it's unforgiving, right? You could see the selloff and you could see how quickly it recovered. You could see the selloff and how quickly it recovered. It is very unforgiving and it'll quickly change on a dime, right? So I think it's just important to you know, make the beginners aware. Just make Traders aware because I mean I Like the reminder as well of hey, you know this is not you know, bare Market territory Market's been incredibly bullish, so we must respect the Bulls by understanding that they can quick recover the loss that they might have recently experienced.

All right, Market does change quickly, especially on the first hour. Isn't that the truth? Oh yeah, here it goes. QQQ Looking very, very oversold. we're about $1 away from our previous low.

Do you guys think that we're going to get there? I'm I'm thinking of of a reversal trade I'm seeing if it's going to set up for it. So reversal trade, right? We talk about it in the Lpp lesson. Library Uh, again, if you guys haven't checked it out, it's the second link in the description down below and it also gives you access to being able to watch me trade live every day. But the idea behind this are the three stages of a reversal.

Very simple, right? Rejection that it can begin to consolidate. That's consolidation right? And then stage three is confirmation. So rejection consolidation. and Confirmation Um, so of right now we're in the rejection phase.

If it does begin to show signs of a support, then that's the consolidation phase stage two. And then if we do get that confirmation, that's the confirmation stage stage three, right? But we want to make sure that we wait for proper confirmation that we don't just enter. Oh hey, let me buy Now thinking that it has to recover and then it just continues to sell off. You can enter early.

you just are choosing to take on a little bit more of you know risk. Uh, do you like trading? SPY I Personally don't trade spy too too often, but spy. It follows the S&P 500 which is a very reliable and one of the most trusted indexes out there. Um, I don't see why? not right? Why? why someone wouldn't? Focus You know, just because I have a focus on NASDAQ doesn't mean that you need to have that.

Focus I Don't know uh, how other people do things here on like you know YouTube or anything like that. But one thing that I always like to encourage our beginners is you know I host these live sessions every day and I like to share my thoughts and my opinions and my trading style. but I will never tell you that you need to trade like me right? my My Hope even within this free live as well is for you to like, pick on or or pick out and cherry pick what qualities, what habits, what best practices you appreciate, you value that I have and Cherry pick. You might not like all of them, but you're like hey, I really like the point that he made with this or I really like to do this.

Maybe I'm going to test it out even even if it's one or two out of five or 10, right? but that you're able to build off of that? That is my hope, right that you're able to create your own trading style and pursue your own things you see value in. But again, it all stems from sharing. You know quality, best practices, and being able to experience this daily. So I hope that makes sense.

All right. Here it goes: We're at 38445. Are we going to get a nice little push for the Bulls Are we going to continue to get rejected for the Bears What are we thinking? How can I be a part of the Lppp team again? It is the second link in the description down below. Uh, we're running our biggest sale up to $175 off.

You don't have to join, but if you want to be able to watch me trade live every day like this: I host these every day Monday through Friday right at Market open. Um, so this is a free one, right? We do this maybe like once a month if that. Um, and here it goes. It's already beginning to show signs of a reversal.

But if you're ready to join and um, get access to these every day, then again, it's the second link in the description down below and there it goes: Strong. Blue, strong, green. I'm going to get this thing ready I don't have to go into too too heavy I'm going to go in pretty light. see if I can get in with a few shares 500 shares.

I'm going to start a little bit on the lighter side so 500 shares is going to be about $21,000 worth of Tqqq. and again, Tqqq has recently undergone a really strong push. Went from like lows of 30 to highs of 40. so the price per share is more expensive.

But again, it doesn't matter about the price per share, it matters about what the Y is for that given period, right? And as of right now, from overall lows to highs, it's 1.3% so not the best, but not the worst. I'm waiting to see if we show non-stop progress green candle after green candle and here it goes. We're already making new highs. You know the proper thing would probably be to wait for proper confirmation above the EMA cuz we could try to run up here, then get rejected and then sell back off.

So I'm just making you aware of that. Okay, so if I choose to do something and we don't have that confirmation I want you to be aware that you know if you wanted to be a little bit more conservative, that would be the thing that I would look out for. Okay going long on a downtrend. No.

I was just waiting to see, waiting to see if anything made sense there. and it doesn't look like it does. So looks like we are getting higher lows here on QQQ. So higher lows means that when it's pushing up, it pulls on back.

Pullbacks are part of it. You can't be scared about pullbacks. There's nothing that's going to Rally without pulling back so you have to be comfortable, right? This is why position size is so important. You want to have enough money that you take it seriously, but not so much that you can't tolerate pullbacks and think clearly, right? So nice little pullback testing support here.

What I'm going to do is I'll do 500 shares of Sqqq on this higher low see if we get it. So what I'm looking for is for Nasdaq to show confirmation of it selling off, but it's not. It's already showing signs of it trying to push back up. Here it goes.

Let's see, let's see if we get it. I'm going to do a th shares ofq only if we get that confirmation. Is it just the course or just a live section? It's everything. It's both.

So you get access to the Discord you get access to so private Discord Lpp Discord You get access which gives you access to these daily live trading sessions and then you also get access to the lesson Library I Don't offer anything else I don't offer like hey, I'm going to sell you this and then I'm going to sell you that and I'm it's I offer one thing. I've offered one thing from the very beginning. it's all inclusive and when I update it cuz we're going to be updating the course in 2024 I like to do it every 2 years you get access to the updates I don't charge for updates I don't charge for anything like that. So if you're a member from 2018 that you signed up when I first made it, you got access to the first version and all the live trading sessions.

Then you get access to the second version and all the updates, all the live sessions. then and the same thing for 2024. You're going to get access to all the updates and of course the live sessions moving forward from there. Make sense Here it goes: 1,000 shares getting in at 1643 and a question you guys might have is rookie.

If you trade with, you know a large position size, right? So I I can trade with about half a million dollars? Why' you only buy a th000 shares? It's a question that some of you guys might be having right now, right? Well, right now, we're still uncertain, right? And while I still see some opportunity for higher lows, right? So I I see the potential for this thing to pull on back, it might find its support here and then continue to Rally I'm not sure of it. 100% So why Again, a very common misconception when you're just getting started. How many times have you guys made this mistake that you buy with every penny in your account? you buy at one time and then you cross your fingers and you're like this thing better work out because if things begin to go south, you're pretty much just sitting on your hands because you have nothing else to kind of give it right. you're all in already.

That's the big mistake. and the thing that I try to avoid, right? I Tried to manage my position size I'm not afraid to take advantage of an opportunity even though things might not be super clear right now. I'll just do it in a calculated Way by mitigating my Risk by managing my position size so a th000 shares instead of maybe 20,000 shares, right? So if it ends up not going according to plan, then guess what? I can quickly cut losses. My loss is minimal and well, that's it, right? that's the best thing.

What's the worst thing about trading? It's like when you go in for a trade, you're all in. Then you take your loss and you're like, dang it man. I lost more than I wanted to right? I lost the decent amount and it's because you were Allin right. We talk about it in the course: when I go Allin I Try to the best of my ability to make sure that all conditions are favorable.

Direction has to be super clear. There has to be momentum in play. it's it's a it's very crucial time where all the stars have to be aligning for me for me to be all in. If I if conditions are not favorable, then you're just again exposing yourself to an environment that's going to be considered to be more risky.

Make sense, all right. And we have QQQ testing the EMA and it looks like it's actually breaking above. Ricky Do you ever trade options I Do not. Never.

Rois are much larger. so is loss potential, right? Everyone talks about how much money you can make. What about how much money you can lose, right? It comes with the territory. I've just seen it too many times where people go from like zero to a you know, 5,000 10,000 and then back to zero.

What's the point of that? If you're going to do anything, you're going to do it to try to, you know, grow it consistently over a period of time, not just try to bet on one thing. Hope you get lucky and that's it. And here it goes: Strong Push: I'm only in with a th shares, so I can tolerate a nice little pullback. I'm going to go in with another thousand shares here if we break above the moving average on QQQ So if we break above, let me show you.

you guys probably can't see that you're not used to it. Um, so if this thing runs up and breaks above the moving average, I'm going to completely sell my Sqqq position. but as of right now I Like that it pulled on back I Like that it's it. Gave me a little bit more mark margin to work with uh and I feel comfortable right now.

My position size is fine, it's not aggressive in my opinion. I'm going to do another 1,000 shares here. Um, if it goes south I Can quickly manage my my risk because again, the moving average is still acting as a support for us. QQQ For QQQ it's still acting as a resistance so it should get rejected.

It doesn't mean that it has to. so if it does break above and completely begins to Rally then again, my loss will be from wherever I bought to wherever I cut losses on which is fair. Okay, just explaining my thought process to you. You don't have to agree with me and please do not copy me.

Here it goes: we got NASDAQ Market Beginning to show signs of a potential resistance. Now the reversal is set to be forming here. So again, as I begin to see the pressure on the NASDAQ Market pushing down um below EMA then that's in favor of ASI right? because when NASDAQ breaks below EMA If it does, then that would be in favor of Sqqq as it breaks above EMA And then you know as we work towards 1650. Again, so beautiful, beautiful, beautiful, beautiful.

Now that again breaking above the EMA line and this thing breaking below. so this is a confirmed lower high and now that we're breaking below, I can add and step on the gas a little bit more right if directions. If if direction is becoming more favorable, if if conditions are becoming more favorable then I should be and feel more comfortable taking my position. Now again, it doesn't even mean at this point that it has to go according to plan.

But the idea is if the stars are beginning to align and my criteria is beginning to be met, then I can't be afraid of taking advantage of an opportunity when it begins to present itself. Does that make sense right? But I do it in stages instead of trying to do it all at one where I'm like I'm going to buy all at once I try to do it in stages where I want to make sure it makes sense. Another 2500 shares purchased at 1638. Here it goes testing the slight resistance at 1640.

So again, this is a confirmed lower high. So the way that I see this is kind of like a wave, right? Let me show you so. QQQ the moving average is kind of like a wave. so if you're a human and a wave is above you, it applies pressure to you to go down, right? That's kind of how I see the moving average with the pattern right.

As we trade above this pattern, we add weight, which is known as a resistance. When we trade above the moving average, it's kind of like when you're surfing right, you're above the water and as long as you hold above, it should continue to hold you as a support. It's kind of the idea or the analogy that I like to use I Hope that it makes sense. Um, but this is why it's very important to understand.

Are we trading above or below these specific indicators because it does add or fuel more buying and selling pressure? But here it goes. Looks like NASDAQ Market is trying to find its support here already. At 385, it didn't want to break below. looks like we went back to retest.

You see this 385 for QQQ looks like it's coming right back up to retest. Pull it on back. it's great with for the free live No Sneezy no allergies. nice clean, rookie something that something to bring up on your regular lives.

That is very true. Uh I do have a lot of allergies sometimes and you have to think now I get to sleep until 7:30 because of daylight savings. but uh, it's funny because if you are part of my Lpp team I mean you get to see me in my like rawest form right? sometimes I wake up very groggy when Market opened at 6:30 in the morning I'd have to be up at like 6:15 610 sometimes I have the and I have a daughter and she's 1 years old right? So for all the new parents out there, you know what I'm talking about. Um, it's it's hard sometimes having a baby not getting the proper sleep.

I'm waking up with the sniffles. Uh but I I Try to the best of my ability to show up every single day and um, you know be here for you guys, you know. I I I Hope you see that right, especially if you're part of Lpp. You can share your your open thoughts about what you think about me being there every day.

I Try to be consistent I Want to lead by example Um, and I really do enjoy what it is that we do here, right? So I enjoy what? I do I enjoy trading every day? Um I Think you can see that through the way that I express my emotions. Um, even when I'm frustrated or happy or whatever the case might be, you know it's it's something that I'm I'm very grateful for. Your best lives are when your daughter takes over. Very true true.

I Can't complain about that. It's your own people that always get you. Yeah, allergies are bad and easy. yeah I never had allergies when I lived in California But as soon as I moved out here back in 2015, I started getting the weirdest allergies.

But it's all good and there it goes. NASDAQ Mar Market Getting rejected. You see that behind me NASDAQ Market Getting rejected Sqqq finding its support so you might be like hey, Ricky Okay, let's step on the gas here. I'm still unsure.

uh, we don't have SQ doing you know, something crazy? Um, where conditions are being met. Okay, so doing 5,000 shares $82,000 is what 5,000 shares consist of. Okay, so just a heads up and I want to remind you I trade with a specific dollar amount because of how long I've been doing it right. Please do not compare your trading account to mine just like I Hope you don't compare my loss right because people always just want to compare.

Oh, Ricky made this much. but I also trade with this much. But also what comes with the territory is when you trade with a lot of money, right? I've taken big losses as well and that comes with the territory. So it's not just all rainbows and butterflies, a lot of it, You know is the stress that comes with trading a lot more money and it takes time to even get there before you even think.

I Don't care if you're a millionaire I don't care if you make six figures a year I Don't care from what background you are from when you're a beginner, you're learning how to do something. And let me explain this when you're learning how to do something in the stock market. And if you're trading with real money, mistakes cost you money. So this is why when you join Lpp, the first section we talk about either you know, paper trading or sizing down I Don't care if you have a million dollars.

You know, trade with as close to a hundred or $1,000 as possible because I want to make sure that you're not afraid to make mistakes. But mistakes cost money in this market. But you need to practice right? And this is why we talk about sizing down in the beginning. When you're learning how to do something, it should not be about the money.

It should be about understanding what you're doing. You shouldn't be trying to avoid red days. You should just be learning how to manage them right. It's like being proactive in the way that you are learning.

So even on your green days, yes, you might be green, but were the habits that you implemented that day successful? Can they be consistent over a period of time and still lead to success? That's more important Or did you just get lucky right? Uh, you need a professional babysitter? We do. We have a nanny. We have a great nanny. so um, but I don't know what that has to do with anything that I just said.

Maybe you're a little. Make sure that you're on the live. Here it goes. NASDAQ Market Pulling on back I'm going to go ahead and give it 5,000 shares for Sqqq.

We're making new high so it's showing signs of progress and if this is showing signs of progress on the upside, that means that we have potential to continue to run up. It doesn't mean that it has to. I'm just again fueling the fire of One Direction is in my favor. All right.

enable party mode since it's Friday I'd love to if we get there. Wow! Strong reversal here on QQQ. Just a lot of consolidation. Do you see this? Just a lot of choppiness on NASDAQ Market right? Trading sideways direction is not super clear right now so I might just want to be careful instead of getting super trigger happy with the 5,000 shares going to size down to the 2500 and be a little bit more conservative on that behalf.

So looks like we're testing the EMA Looks like we're getting rejected by the EMA line on QQQ This Market is too strong. Anyone's a everyone's a bull now. I I Agree Market's very strong I'm not taking anything away from that. Can you please check Tqqq? I'm looking at Sqqq and TQ is the opposite I Don't know what you want me to check on Tqs? There it goes.

Breaking back above that EMA Oh Big push. Big push for the Bulls Looks like the Bulls are still strong again. We have our previous resistance at 38560 for QQQ Looks like we're getting rejected once again. Add another 2500.

Appreciate that. Peter Thank you thank you Ricky Would you ever trade? Futures No. Just because I wouldn't trade them doesn't mean that you shouldn't I just choose not to. That's all.

Amazon Looking bullish. Let's look at the rest of Big: Tech How's American Airlines today? American Airlines Green but still below 250 Walmart Back in the green after a nice little drop yesterday. Not bad. Maybe showing signs of a support.

Now we have Apple Nice little pullback today looking bearish but looking oversold. So that's kind of concerning because if this thing begins to quickly recover, it can help out big Tech This thing's looking overbought. Now this is the confusing part. this kind of reminds me of yesterday.

Um, Tech Big Tech was very confused. we had Amazon big in the green. Then we have apple in the red, right? Quite the opposite. Uh, we have Meta showing SES of consistent progress holding above EMA trying to hold above the moving average.

but this is kind of a little bit different because we can easily give this back if we begin to see some selling pressure. Microsoft Bearish but oversold so we can quickly begin to recover which can help out the bull. Uh, the Bulls if we do begin to recover, same thing with Google Google's oversold. It's bearish, but it could quickly recover if it.

Finds Its Support I Think that's more of the concerning part people. Sometimes when they're like when they see big Tech they're like oh, look, it's in the red Look, it's bearish but it's oversold bearish right? So now if it Finds Its support, it can quickly recover and if those quickly recover, it will bring the rest of the NASDAQ Market with it. For those that are a little bit newer, you're like, how does one affect the other NASDAQ 100 has a big focus on big tech companies Apple Amazon Google Microsoft Nvidia All that good stuff. and if those sell off the NASDAQ Market normally sells off, they kind of influence one another right? But if we see that a lot of these big tech companies are over sold on the day, but if they begin to show signs of a support and then begin to recover and begin to go up, then that's only going to help out the NASDAQ Market which is great for the Bulls but as someone that has a short position, you know being in Sqqq it wouldn't be great.

So this is why it's important to understand how other companies are doing because of how they influence NASDAQ and then depending on what side you are of NASDAQ are you long or you short then determines you know do you want to continue to work with it or not? Hope that makes sense. Just a lot of consolidation. Is this not how the freaking Market's been for the past week? I Really thought we were going to have something different today I Wanted to make today exciting for all of you. We could still do it though.

Look, I mean it's still getting rejected NASDAQ Market Still getting rejected here? Um, we're still above moving average which is a great sign. Boom look at that 1642 I'll take that. Let's see it. Let's see some selling pressure.

there we go. NASDAQ Come on again, the more that NASDAQ Market sells off, the more that Sqq pushes. So if you ever asked the question of like how do people make money when the NASDAQ when markets sell off profs because you can either short the market or you can go into these inverse ETFs like Sqqq that go up when the NASDAQ Market goes down, you don't have to trade these, but again, as long as you're aware of how people do it, remember I'm just here to explain the why. that's something that you need to follow and do.

And there it goes. We just broke below the super Trend indicator which again, a lot of people have been asking me questions on I might be making a video about it. Um, this weekend just to explain a little bit more about my experience. But there goes our first sell signal for the day during normal trading hours.

let's see. Oh, and it went away. We broke back above the super Trend Here it goes: Guess no party mode no Market selling off is good for Sqqq. It's getting me closer to party mode than not.

right? But no I'm I'm far from party mode, far far from it. Any moves make, uh, any moves worth making on Tesla I Want to remind you if you cannot make a decision yourself, then you probably just aren't ready to take the trade right. If we look at this, it's very easy to see this consistent descending pattern, which it can break it right if it. Finds Its Support Here it can begin to recover, but we cannot be surprised if it gets rejected just as it has right.

We talk about this in the course. Cons: istant descending pattern acting as a resistance. If we get rejected here, then we can see some selling pressure right back down to the $200 price per share. Make sense.

So it's important to look at different time frames because it gives you different perspectives. Again, another thing that we go more in detail in the lesson: Library Already showing signs of a support. We did not hit as low as we did last time. We did not go as high as we did last time for for us, Kikq Bummer.

Apple sold off I like that and it looks like it's still testing right. The more that Apple sells off, the more. Again, another thing to understand: Apple Stock It uh has one of the largest market caps for any company that's publicly traded, meaning that it's one of the most valuable companies in the world that's public. By public, we mean, that's it's traded in the stock market.

Every company is not traded in the stock market. There's private companies like Red Bull right? Market Cap: 2.93 trillion not billion trillion with a T. There's very few companies that trade in the te's okay, so when Apple begins to sell off, its influence that it has on other markets is big as you could imagine because of how big Apple is right? Just like if Apple begins to Skyrocket the influence that it will have to the rest of the market is Big. So it's important to understand that because if good news or bad news comes out for any of these big tech companies, it influences overall markets.

It doesn't always have to carry it, but it influences it. It does affect it, right? Okay, we are seeing some selling pressure I want to see how Nvidia because Nvidia has a really strong market cap? Okay, 1.22 trillion Nidia just recently hit all-time highs. What was the one? Oh Amazon Amazon is still holding. If Amazon begins to sell off, that would be some beautiful selling pressure on.

NASDAQ Amazon has a $ 1.49 trillion market cap, so a little bit less, but still very, very solid. I mean I would not mind just having one of those T's right or one tenth of those T's or one 100th of those T's Ricky Do you normally notice the market selling off on Friday afternoons? Nope. I mean normally if the market overreacts throughout the day just like it kind of did last week, it kind of does correct itself. within the last hour.

The last 30 minutes, it's called Power Hour There's a lot of volatility. We talk about that in the course as well. Um, but every day every Friday is different. If we're off of bullish Market sentiment, the markets might rally even harder.

and they might rally into the market close. I've seen that many, many times and even after market hours. If we're coming off of a very bad week then and that's the market sentiment. Meaning that like there's a lot of fear, look at that.

Amazon Beginning to sell off. this is only going to help out s we're about to hit new highs here. Beautiful, Beautiful. but we've seen it both hands.

There's not one like One Singular outcome for every scenario, right? It's all based off of conditions and what Market sentiment is. So instead of trying to predict, it's better to just understand what can be versus what was oh man already showing signs of support. Look at that. so quick, so quick and this is why we talk about it.

Oh man, look at that. gaining it all back. Wow. that's frustrating.

It just shows how strong the Bulls are. They do not want to give ground. it's a tough fight. predictable.

I Just called that Oh yeah man, it's what do you mean You just call that it was going to bounce out of support. We're testing same support levels, right? I It's not rocket science, but yeah. same support range. There it goes.

Getting rejected once again. sold half on the reversal. Nice. Nice pulling on back to the EMA.

All right, waiting for the rejection on the EMA right? Let's see if I can call that right. It's just the pattern. so descending pattern lower highs. It's testing this to see if we get rejected or if we actually begin to show signs of progress.

On the upside, for the Bulls which a reversal can happen at any time, right? Um, but we are testing a common resistance range with this descending resistance for Nasdaq I'm calling my mom right now. That's how are you guys enjoying this little session so far? What do you guys think? Let me know in the live chat, Apple is bouncing. Is it still showing signs of progress? Still holding, holding, holding its ground? Yeah, it's not really selling off anymore, which we got to be careful with, right? So I'd like to see some selling pressure here. Thank you for doing it.

Awesome! Keep it up man! Sweet, healthy and informative. Really glad. Really happy to hear that so hopefully we earn your thumbs up. Hopefully you guys can consider subscribing to the YouTube channel, right? Even if you're not ready to join our Lpp team, right? at least you can, uh, stay subscribed to the channel and um, hopefully I can just continue to work on providing more value for you.

So whenever you feel like you are ready to join our team, then you know we're here for you. So and here it goes. Big push on QQQ Now we have a Buy Signal all in favor of the Bulls so we're coming back up to retest previous resistance range. Let's see if we even get up here, which should be right around 38560 based Bas off of previous Highs But again, if you're ready to join our Lpp team, one of the things that I want to remind you is it's a one-time payment.

It's a lifetime access. You get access to everything. the daily live trading sessions, the lesson library, and of course the private group chat. It's the second link in the description down below.

If you don't see it, refresh your screen. Second link in the description, just pop it open. It says $175 off and that is our biggest discount. We offer nothing bigger.

they won't won't be ever a bigger discount than that to $175 off into onetime payment lifetime access. And if you sign up today, you'll be able to watch me trade live every day moving forward as soon as Monday when the Market opens. Okay, all right, still holding, still showing signs of progress. All right, let's be careful here.

Saving up for L P, of course Oscar We're here whenever you're ready. No rush, All right. Still getting close to that previous resistance. green candle after green candle.

This is where we have to be very, very careful with Sqqq, right? Not every trade has to go according to plan. Just going to get ready just in case things do begin to go south quickly. We should have Apple stock slowly. Yep, slowly creeping up.

It's at 18929 still pushing. Let's see. NASDAQ NASDAQ Market is still red, so we're still above the moving average. I'm just choosing to be careful if we begin to show progress below the moving average, right? Our job is not to avoid risk, our job is to manage it.

It's never fun. Um, but a very simple question that I encourage our LP members to always ask themselves when you look at the dollar amount. Imagine that loss versus if you had an extra zero, right? A $50 loss sucks, but a $500 loss is much worse. A $500 loss sucks, but a $5,000 loss is much worse.

A $5,000 loss sucks, but a $50,000 loss is much worse, right? It's all perspective. It's all relative to what you want to tolerate. And if you've experienced this enough, you know that things can get worse before they get better. So it's very important to be aware of that.

And there it goes. We got a big red, uh big uh red candle and the Bulls just gaining it all back. Wow, This is insane. It just does not want to sell off I Don't even have 50k well yet, right? But that's the whole thing right? The idea is to scale and if you continue to scale but you don't build those healthy habits, you're right.

You'll never get to that 50k. Mark You got to learn how to manage a small account before you can even think about. Oh, it's going to be easier if I trade with more money. No, it's not what makes you think that if you have bad habits with a small account you're going to all of a sudden have good habits.

with a large account, you're just going to make bigger mistakes, just going to cost you more. Watch for new highs. So I'm watching very carefully. As you can see, NASDAQ Market QQQ is the one that pretty much moves everything SQ and Tqs movement is off of QQQ So this is why I Think it's more important to pay attention to the NASDAQ ETF than the actual you know triple leverage ones because at the end of it the movement's based off of this testing 38550 still holding it's refusing to turn red another slow day Ry I know I wish I could change this.

It's just another sideways Market where literally markets are nearly Break Even but it's still less than 1 hour since the market has opened. so it's not the end of the world. I Signed up for Lpp, but it takes me to the course curriculum. There is not a link for the live trading I've been watching for a while.

think so Kyle Within the first section of the course curriculum, there's an introduction section and it says how to access live trading within those first three videos. It's introduction section: Watch those first three videos because it explains you how to get access to the LPB Discord and how to get access to the Daily live trading sessions. It's all explained within the first three videos of the introduction section. You have to watch the course right? So please don't sign up just to watch the live sessions.

You need to understand what we're doing here. Please please please. Big red Candle coming to test the EMA testing EMA Nice break below. Let's see if we show signs of, uh, progress.

Remember, a break below does not mean confirmation. It's progress below that break below. That makes sense. How many times have you seen a break above and then it's a fake out, right? Or it breaks below.

but then it quickly recovers. You want to see progress beyond that specific level and we're not getting that. We still showing a lot of signs of consolidation. So what I'm going to do is I'm just going to set a stop.

No reason to over complicated. it is what it is. and if things do begin to go south, I'll just quickly manage and mitigate my risk. Okay, so I'm going to set it at 1629, not at 1630 just to give it some cushion.

And that's if things do go south which they don't have to. I'm going to do 9500 shares selling most of the position. But all right. So what that means is I'm setting a stop loss at 1629.

That means if Sqqq hits 1629 or below, my order will automatically fill with a market price at that range. So the idea behind that is that yes, it's not favorable. obviously I want to sell it for profit, but if it breaks below the moving average to me, that's a break of pattern. And at that point I want to get out early when that break of pattern is happening.

which again, it's still a loss. But at least you're trying to the best of your ability to keep that loss relatively small in the grand scheme of things. Make sense. Remember, we're not perfect.

You always have to take risk management into consideration. There's not one trade, not one investment, not one opportunity that you're ever going to take that comes at no form of risk. Your job job is not to avoid risk, your job is to manage it. You're going to see that once you go through Lpp if you end up joining right that.

There's two main focuses that we have. I I Try to encourage you to build healthy habits that will benefit you over a long period of time. So I share some of mine. but I encourage you to explore even more.

The second thing is risk management. A lot of people focus about make on making money, but not enough focus on keeping it. We've experienced it so many times where yes, you could have five green days, but you can give it back all on one red day if you don't know how to manage or mitigate your risk. There's an entire section in Lpp that is just you know for risk management.

So whenever you think that oh, you're a bad Trader because you had a bad or a red trade, remember you can often even be a better Trader by being able to mitigate your risk and keep those losses small than someone that got lucky and ended in the gou right when I see someone that they managed their risk and they kept their loss small and they stayed calculated. they could explain to me their trade, their risk to reward ratio, their entire plan, but this trade just went South that's out of your control so you just control what you can and that's your risk. But if I see someone else that they have no risk management, they got lucky. They made a few hundred bucks.

Great! But guess what? I Know that it's only a matter of time for them to give it back because they have no risk management so it's not just about making it, it's about keeping it okay. Looks like NASDAQ Market is going back up to retest. We'll see if it actually breaks below and um yeah, it's kind of just a really sideways Market we're still above the moving average. Uh, the NASDAQ Market looks like it's it's really trying to break above.

you know that moving average But we'll see we. we'll see if if QQQ can actually break above or if all of a sudden it gets rejected and we see a bunch of selling pressure. I would love to see Amazon right break below EMA give some of it back, but as of right now it's looking pretty strong so we have to respect uh, what it's doing. Other than that, I'm going to keep the Lpp team up to date so kind of for you guys to understand even before you end up joining Lpp.

We normally go live for about 30 minutes to an hour every morning. After that, I post updates within trade ideas and Within These updates I talk about what I'm paying attention to if I'm buying. If I'm selling, it's not for you to copy though. please do not join Lpp if all you're going to plan to do is copy.

I Explained the thought process behind the trades that I take of like hey, NASDAQ is looking overbought I'm getting ready to open a short position or NASDAQ look you know maybe it's just NASDAQ Market is overbought I'm going to lock in profits on Tqqq make sense I want you to understand the why behind every trade I Take not because I think you should take it, but because it's useful right? When you understand, understand someone's why then some. The next time you're put in a similar scenario, you can at least make a more informed decision. Not because you're being told what to do, but because you understand. Well, if this happens, then I know what to do, then right? So it's just a bunch of different scenarios that you continue to experience and you figure out the dos and the don'ts Okay, yep, and the lives are here on YouTube but they are with private links which means that you won't have access access to them unless you're part of the Lpp team.

So I appreciate you guys time. I Hope that you guys enjoyed this little live session! I'm excited to hopefully update you guys if the NASDAQ market ends up selling off, that I'll be slightly in the green. Um, and if not, then I'll update you guys even if I'm slightly in the red, right? So I appreciate your time. Hope that RN your thumbs up! Please don't forget to subscribe.

And if you're ready to join our Lpp team again, onetime payment lifetime access. It's $175 off. It's our biggest discount and it's the second link in the description down below. If you sign up today, you'll have access to my daily live trading session starting Monday Uh, Like always, let's make sure that we end the year on a green.