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The Federal Reserve conducts the nationโs monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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Let's see if mute it. Yeah, just in case that mic does pick that up. Yeah, the mic will pick it up. Hopefully we're a little bit louder, but just in case.
Yeah, Okay, all right. all right. what's going on Guys Happy! Friday Hopefully you guys can hear me okay if you guys can. Uh, if there's any issues along the way, just feel free to let me know in the live chat.
so it should be on the right hand side if you're on desktop or down below if you're on mobile. I Don't know if we want to test out the volume. You guys have headphones? It should be okay. Uh.
stream quality is already mild I Don't know if it's because we're streaming these things yo. Can you hear me? yo? It's going to be like three. Can you hear me? Oh can you hear? fine? yeah. Perfect.
All right. Test test F I'll pull up some of the questions myself as well. We're here live from the Uh Techa HQ you can come on over here. Angle: Yeah, what up? John Travolta is back said yeah I definitely need a haircut I Was supposed to get a haircut earlier this week, but that angle doesn't help you either.
No, is it just full? Yeah, it looks like you got it's okay. it's not the worst thing Al Righty So I guess the mic is turned off? No wait. Test Test Test Test test. T Did turn off.
Yeah. Test test. There it goes. Now you're good.
Okay, could hear everything all right. So we wanted to try something a little bit different. Um, obviously Market's open right now. It can be stock market related.
It definitely doesn't have to be. Um, so if you have any questions whatsoever. uh, in that live chat, you could feel free to ask me if you have questions for the team. Um, you could feel free to ask them just a quick little um kind of breakdown.
I Know you guys always see me in front of the camera. You might not always see the people that, um, are kind of like behind the scenes. hopefully. uh, we can host this more often, especially if you're tuning on in.
I' would love to be able to host this maybe once a week just depending on how everything works out and of course based off of your guys' feedback. So if you guys like this idea, feel free to drop a thumbs up subscribe to the channel. but we got Brandon Uh, right on over here we got Justin and then we got Jake Um, right on over there. So the only person that we're missing.
uh today is is Tanner we ALS We often have our friends uh, that come and visit us here at the HQ and if we ever have any visitors, um, maybe we can. you know, go live with you guys as well. So um, first question for you Rick All right someone asks. hey Ricky what do you think about Boeing Is that a good reversal? Play your phone I don't have my laptop.
So okay. we should should have thought this year. uh we're live streaming off of my laptop right now just cuz everything's connected to my YouTube channel there. Um but I can go ahead and pull it up I'll pull it up on mobile back you have sign in sh Yeah I can do it off of my phone real quick. So okay would Boeing be a good reversal play? uh and again, you guys let me know in that live chat what you guys think: uh Boeing based off of the daily chart is super overextended so not too sure if you guys would would agree to disagree. Actually I don't know why we wouldn't be able to just show in screen. do this. Yeah, we should be able to.
Ah, what the how did zoom on the Whiteboard Literally there it goes. Okay, I should be able to pop it up just right on over here a mind of its own for a second. What was that? So the camera had a mind of its own? Yeah. I was pulling it talking that a little bit too hard there.
Really let me see. I'm gonna pop up the live chat. How's the stream quality is? that is the stream quality decent? Is it fair? Is it Okay, you guys let me know down below. I have it on 1080.
It looks really nice. Yeah, looks like really nice 1080. Yeah, it does look nice. Okay, this going to be almost like a live trading session, then if I'm able to pop up both, let's see.
Yep, I should be able to pop up both. So let's go ahead and break it down. so: I I didn't want this to be solely stock market related I wanted this to be any questions whatsoever. So if you guys have any questions regardless, if it's either for me for the team, um, let us know here.
Um, even if it's just like a general question, especially as we're ending 2023 going into 2024, you guys let me know. So we got Boen right on over here on the one minute time frame. Looks like it's pulling on back on the daily chart and again, this is just my two cents. But you guys let me know what you think.
I think Boeing on the technical side is extremely overbought from lows of 180 now at highs of 267. I Don't think it would be hard to believe that technically it could be. it could experience a nice little pullback down to the EMA maybe to the moving average. And it's not like it's It's like a a far-fetched question right? Every single time that this thing becomes overbought, it hits a resistance.
it pulls on back, it becomes overbought, it consolidates or trades sideways to C degre, right? We could see that we became overbought. Then we pulled on back. So I think that's the beautiful thing about on the technical side. it's not that again, if fundamentals come in, if there's any specific report that comes out on the news side that benefits Boeing Fundamentally, then great.
That's a different story. but technically I mean look at it with the Macd, look at it with the RSI it hit highs of 95 RSI I Personally think that it's a little bit more on the overbought side, but you guys let me know what you think down below. Also, one of our most popular right now on shop techbuds is the Elon Musty. You guys let us know what you guys think about this.
Down in the coms comment section, we received a lot of good feedback. Some people got offended, but again, in this world, you can't please everyone. All right Market is Extreme greed Is it time to sell hold Cash Warren Buffett Already sold quite a bit. Uh, what do you guys think? so? um I guess we can kind of go around the table I I Don't want it just to be me. Um, and not everyone has to answer. But as of right now NASDAQ Market Obviously just recently hit all-time highs and it's just it's I mean pretty much there once again, right? It has continuously hit all-time highs. Um I think Market is still extremely bullish. There's no question about that.
we're still very, very close to the previous resistance. for QQQ At 410, we currently sit at 409. Um, everything that we've seen with economic reports. Everything that we've seen with inflation.
Everything that we've seen from the the Federal Reserve is pointing to the Bulls. So is the market extremely greedy or extremely overbought? Yes, kind of. But I would say all the data that's been shared kind of supports that case. Um I Think it's important to be aware that the market is overbought just in case we do begin to see a change of Direction Kind of like we saw two days ago.
It caught a lot of a lot of people by surprise. I would rather be someone that's prepared than to be surprised. So I think that's been the biggest reason we've been trying to make beginners aware is that this bullish Market sentiment isn't always going to be here. so it's important just to have a plan B a plan of action.
If direction does begin to change anything, you guys want to share. Uh yeah. I would just say like as someone who occasionally day trades and is concerned about long-term Investments going into the New Year, the biggest thing I look at with the market being overbought is I don't want to look at my portfolio in like end of February beginning of March and be like dang I would have if I kept more cash right now I would have saved myself 10, 15, 20% from myself from the pullback like that. Yeah, you know and what what could you have done with that extra whatever dollar amount or whatever, but you can't You can't judge, you know? I agree.
And I think the biggest thing with that is we often believe that we always have to be 100% invested. but I think it's also important and again, you guys feel free to share your own experience. But I often believe that the lighter you are or the more well balanced you are knowing that the market can pull on back. You don't have to sell your entire position because realistically, you want to let your winners run right.
But in preparation for a pullback, a way to manage or mitigate risk is to manage or mitigate position size. So let's say that you sell 25% or 50% you still let leave your money in the market because obviously Market's still bullish. But just in case the market does pull on back, you're able to take advantage of that of the lower prices at a discount. And the reason that you're able to do so is because you're not fully invested back at those overbought levels. So just two cents I mean there's two ways to look at it. You could sell everything. Stay cash or not. Be afraid to reduce position size and preparation for a pool back so you're able to take advantage of those deals.
So it just depends on how aggressive you want to approach. the reversal or the extreme approach would be: Don't sell anything, Continue to hold and hope that the market continues to go up. You know three different ways to look at it. Uh, it's too late.
sold it on what's going on Jay and Turner at the start of your journey. What what things were you focused on to grow your wealth? I think the biggest thing? let me try to bring in a little bit closer. I think the biggest thing when you're just getting start especially with a lower amount of capital and you guys let me know the comment section what you think um I was less focused on how to grow my wealth but it was more of like everything that I was do was a little bit more aggressive and I would say from everything of like the stocks that I was trading, the way that I was approaching even the real estate market and the way that I would approach anything with like flipping cars um way more aggressive with the amount of capital that I had back then versus what I have now. But I would say if I were to do it all over again again I wouldn't change that cuz I believe that you know one flipping a car again.
This only comes from experience, but you know it's much easier to flip a $2,000 car to $3,000 than it is to flip a $20,000 car to $330,000 or a $200,000 car to $300,000 right when you're starting with a much lower Capital That's my biggest thing it's you want to grow it as quick as possible to 10 or 20K so often I found myself taking more risk. Now, taking more risk doesn't mean that you just have to throw your money at something and hope that it grows, but it still has to be calculated. If it comes down to trading on the stocks that you choose to trade, so be it right. Maybe the exposure to risk is a little bit greater, but of course you understand that the return that it might yield you is obviously a little bit greater as well.
When when when choosing to take advantage of those risk your trades, you have to also be aware that mitigating and managing that risk is super super important. This is why we always encourage beginners to First learn how to paper trade. You can do that with higher risk stocks. So when you gain experience and you understand the dues and the don'ts then you can transition into trading with real money.
Once you understand how to actually trade right? Imagine yes, you have 10, 20, $30,000 maybe $50,000 but you don't even know how to buy or sell a stock. Often people come into the market thinking that they can just try to copy exactly what it is that I do. But let's be honest, you don't even know how to use the platform itself. So let's understand that it doesn't matter if you have $1,000 or $100,000 to your name. We all start at square One and that's knowing nothing, but that's why you take time to build your general understanding of the dos and the don'ts in the market and then later once you're more informed, you begin to ask yourself is this something that I want to pursue with real money and if so, then you can make that more informed decision but you need to take time to I would say get your feet wet with the market and you can always do that at no monetary cost with paper trading if you guys have any questions Beyond this of what we're doing right now. Um, shoot me a direct message either via Discord or via Instagram and all of it should be linked down in the description. So we're here for 13 minutes already. Again, if you guys are liking this, uh, techbuds HQ Live stream? Uh, make sure you guys drop a thumbs up.
Make sure you subscribe. I'm thinking of possibly hosting these again. The themes and the topics can always be different. We could potentially even have different people people visiting us here at the office and we can be hosting you here as well.
Um, but I Just want to receive some feedback from you guys. So even if you guys message me on Discord or Instagram I want to see if you guys like it, what kind of topics you would like us to talk about? Um, but we have about 15 minutes left. This is a good one. This guy asks do you guys like the UFC oh hell yeah we all love the UF and I like these questions CU obviously we talk about the stock market all the time I Wanted these kind of q&as maybe to be a little bit more personal where you get to know more about myself but also you get to know more about my team and anyone who visits us.
but I would have to say UFC itself is single-handedly probably the best sport. uh I'm not here to say the best top sport I would say as a group like for the boys, you guys if you guys have been following me for a while, UFC is kind of the sport that we Bond the most on. yes during the Super Bowl we come together I'm going to be honest: I don't even really know like I don't even want to throw myself under the bus that hard I'm just I like seeing Super Bowl Highlights: I I View the game of of the actual football to be quite boring. Again, let me know what you think.
But when it comes down to the UFC and because it's hosted so consistently, that is most often the sport or action sport that brings us together. They come over to my house or we go over to a friend's house, we just hang out. Guys will be guys and it's just a fun time. Our girl hang out or guys hang out and it's dope.
Uh, do one of you train or have trained on combat sport before? um what's it called Jake did Jiu-Jitsu right? I did boxing like as a complete beginner. uh for a very short period of time I've never trained anything um no Justin did a lot of sports in high school and then chips I just play baseball baseball. so quite boring group of guys. y Ricky Ricky with a beard would be Game Changer The only thing that I grow right now is like some stubble here and here and it literally looks like dirt I just look dirty every time that I have any type of facial hair. hey yeah, so doesn't look the best Ricky do you recommend getting a 458 or a 488? I've never had a 458 so he's talking about a Ferrari 458 or a Ferrari 488. um I've heard nothing but great things about a Ferrari 458 cuz it's right. naturally aspirated. Yeah, it's a V8 or V8 V8 and my Ferrari 488 which I did have at a yellow one I Love that car.
Personally, it was my first Ferrari and it's the one that really showed me why. Ferrari in my opinion is a very high quality car. So I've had Lamborghini I've had Porsche I've had McLaren they've all had their issues. Ferrari has its issues as well I'm not here to sugarcoat it.
Um, but I after that 488 I fell in love with it. It wanted me to look into a 458 they they were just getting a little bit older but then obviously there's like the Pista stuff like that. but uh, that's half a million dollars and that's not something that I personally want to spend on a given part but between the two I would personally say I would go with the 488, it's just newer. I think it's better.
Um I've I've heard 458s they sound really good. Do you still play soccer? Heck no oh my. God don't even ask that question. uh we were in like this like uh, what is it called uh a coed League guys and when I tell you man, when I tell you you we were the worst team on that coed team, let me let me let me share this with you guys.
Girls When they were playing in Coab their goals counted for two guys. when we scored it counted for one. Our team only had three girls and we always had to have three girls on the field and anytime any of the girls were missing or not showing up to play, we would have to play with one less player. That and honestly it's not we.
we just suck. I've never played soccer in my day day in my life we had Jake that never really played. Um yeah so Ricky owns the team now. no um it made me realize how challenging soccer actually is I never thought it was that challenging.
Uh and it was while I was training for my Marathon I was like oh dude I'm in one of the best shapes of my life, you know I run 8 13, 18 miles all day, right? It's very different from playing soccer so um I think that's a cool thing. You got to test it out. Kind of appreciate the sport for what it is, but other than that, no I are we absolutely sucked. Hope you guys have a great Christmas thank you Dicky Brussell.
All right Aaron Calling me out what I said Aaron's calling me out What did he say yeah uh, he's like how how you doing, how's your goals for New Year being what's what's it like being married so married life is pretty good so far I'd recommend it for you for sure. Oh yeah, oh yeah. nice. What's changed, what's changed is I don't know. she's just really motivated to do stuff around the house like she's like oh, she made you bread I saw that she's cooking more. She's like she's like she's like cleaning the house more and just like being like housewife. but it's pretty good. Thanks for asking.
Aaron So you only had to give up half. Yeah, just gave up half to get some chores done. Just kidding. Works good exchange.
I'm totally joking. Are we able to visit and get a tour of the HQ Of course. Yes. For sure.
If you guys ever want to visit, um, and you find yourself here in Chandler Arizona Um, even if you're just visiting for a short period of Time Monday through Friday Our team is normally here from 9:00 a.m. to 5:00 p.m. Just shoot me a direct message. I Would rather you not show up unannounced because we don't always open it to the public.
Um, we just want to make sure that we know that you're either part of Techit Solutions or Lpp or a subscriber. We'll give give you a quick tour. if you want to use this space and you're actually going to work and not just bombard our team or myself with a bunch of questions, then we wouldn't even mind having you here. We just don't want you to be a weirdo, so just don't be weird.
Um, but shoot us a direct message via Discord or via Instagram and again that is linked down below. Maybe you'll even pop up on one of our next uh techbuds HQ Q&A what did you get Remy for Christmas Dude, that's so I don't personally buy Remy too many gifts and I think so just a your no no no um I did buy her I bought her two gifts. My thing when I give a gift is I really want it to be something that someone uses. That's why when someone asks me like what I want like I find it very challenging because there's nothing I feel Rachel's pretty good at coming up with things that like she buys me that you'll use that I'll use but that's my biggest thing like the utility of it.
Uh so for Remy I got her like this bicycle that like we or our Nanny can push her in um just so she can become like more I would say balanced and coordinated coordinated with that stuff. So I was going to try to get her a tricycle and I was like I don't think she's ready for that. So it's like a hybrid approach of it is a tricycle but it also has the push you could remove the handle at a given time. so it said it's a four in one, that's one and she's really into Elmo now.
So I think she's oh boy yeah she's going from Miss Rachel to Elmo A little bit different, but yeah, all right I Wanted to see if we could talk about what you guys thought um, or what our team thought if you guys had any questions about our giveaway. Uh, so we just hosted our uh, second giveaway for Techbuds apparel. Uh, our winner just flew in two days ago. He selected his prize. we haven't We haven't released it yet, so we're not going to talk about what he selected. But if you guys have any questions about that again, feel free to ask. We got Jake here that runs everything apparel for us is back there in that. Wall Street T Are the plants in the container real? No.
they're like the Ikea special right? Something like that. Yeah, what's don't don't water him What's with the woke bathroom because of the sign uh Tanner's here Um yeah. well obviously you know we just want to be appropriate. So we thought it was like a funny approach.
It says I wish I could take them over to be able to carry the camera over there. It says whatever it has like a girl, it has a guy and then it has an alien and it says whatever. just wash your hands. We don't have guy and girl bathrooms here.
we just it's really just guys that come. Bathroom: We did have. um, our girl Hannah McCormick she actually gifted. She's gifted me like or gifted our team a handful thing.
So she gifted us a skateboard. Uh, she's one of the few girls that has has been here. but um, it's mainly let's be honest, male dominant. So um, we just thought it was fun.
There are girls that come in here. you know, from time to time and we need to make bathroom. Oh and she also gifted me this look she came to visit. You guys can check it out, you can take a seat Tanner you sit in between.
I don't know whatever side of Jake you want to be on Will 2024 Q1 be bearish? Um, oh there it goes. Hannah Mccormix right there. So I think that's kind of like as of right now with all the economic data and all the monetary policy and all the expectations I think that's the biggest thing, all the expectations that are being put in place right now for 2024. and please let me know if you agree or disagree.
it almost feels like it's impossible for the market to pull on back like on the technicals. It feels almost impossible on the fundamentals on how our inflation rate continues to drop, how the Federal Reserve has now pivoted to potential more rate Cuts in 2024. The only red flag that I'm beginning to see is FedEx and Nike have both reported on it and they both have seen significant drops, but that's more on the retail side of things. But they have lowered their expectation for 2024 their forecast and also they are reducing cost for the next two to three years.
And that was a very similar approach between those two companies. A lot of people and again every everyone has their own opinions. a lot of people talk about. You know, go woke, go broke right? There's there's this constant theme of like when Meta did this, when Target did this, when Budweiser did this, and then now they're saying now it's Nike right? Um, Nike is a huge brand I mean Nike is one of the biggest brands out there. it's a household name. Anytime that I see a company like that pull on back just like when I saw Walmart Just like when I saw Target it's almost just a second nature for me just to want to watch it. I don't have to buy it I get that. But when I see those expectations from those really large companies lower their forecast for next year, that's the only thing that kind of just raises an eyebrow for me.
So that's what I'm paying attention to. Other than that, literally everything is screaming New Highs, New highs, New highs. It's almost like they're preparing for an election year. Ah, I'm just kidding that that's for another one.
that's for another one. Um, but it it's regardless. I Don't care if it, you know, during the Trump election or during the Biden election right for 2024, every presidential candidate is going to do their part in making their stock market making their economy look the best. Leading up to that point, I Know we have a lot of people that are pro.
Biden maybe Pro Trump I Personally don't care what it is that you are, they're doing their part to make themselves look good. They always do that. That's that's in their best interest and rightfully so. If if I was on one side, that's exactly what I would be doing.
just like you would as well, right? So I don't want to be hypocritical on that side, but markets are looking very strong I Just want to see if this sentiment continues cuz just like we saw two days ago. On the technical side, when things got a little iffy and they kind of pulled a rug that given day, that was a quick pullback. The quickest pullback that we've seen in months for the S&P 500, Dow, Jones and NASDAQ So that's going to be my big question is if bad news actually begins to happen and inflation doesn't continue to drop as expected once. and if for cast begins to change instead of rate Cuts they go to pause.
They go to rate hikes again. If inflation begins to rise up quickly because demand begins to rise up too quickly, what's the Federal Reserve going to do there? Are we going to go back up to five or 6% inflation? So I'm watching closely I'm taking it day by day. As of right now, everything is pointing up I Don't know if anyone wants to share anything for sure. Obviously, we can watch interest rates as much as possible, but one thing a lot of people I feel like are not taking into consideration right now is consumer spending spending.
and uh, Consumer Debt And consumer spending. and Consumer Debt obviously has a massive portion of the entire economy. and if we are ignoring that, the Consumer Debt is highest it's ever been in the history of the history of the freaking everything. but it's to to me with that it's it's always been getting worse.
It's like our debt ceiling that's always been getting worse and it's significantly worse yes. but I think that's where the the idea of a bubble is because if that does pop, we haven't experienced that yet of our debt ceiling of of uh the average Consumer Debt But guess what, even when things were looking really bad then Co hit and then shortly after when interest rates were that low and that's kind of what we're working towards right now. That is my biggest not fear. but that is my biggest concern right now of should I be buying more real estate right now as interest rates begin to drop. So I can leverage having cash because when interest rates do begin to to drop it becomes a sellers Market again because buyer demand is so high for sure. and then although things are overbought right, things can always get more expensive. Sure! So then that's my only thing about that dude. it's already almost 30 minutes.
Yeah, the only thing I was going to say about that during Co noose during Co There was obviously a lot of downtime, but we had M We had tons of consumer spending. yeah and then we had the $1,200 hit. For a lot of people you and right now we have extremely high inflation. It cost a lot of money to get grocer at the grocery store, gas at the gas PP x z gas is relatively not too expensive.
Right now it's going down a lot. It's starting to go down. maybe that's not the best example, but overall inflation is hitting that consumer and wages are not catching up to that and that's where that Gap is getting farther and farther. I think that's my thing is not so much about that being there.
The reason why is because it's always been there and it's always been getting consistently worse with the gap between the Middle, the lower and upper class, the gap between rent and owning, the gap between or not even the Gap But like our debt cealing the the average debt per consumer or per citizen to me that's I think that would be more of like if things actually get that bad and then we do pop that would be the the thing that I would see like be the biggest concern right? But time and time again we continue to see things and all in all those variables be bad but then markets still continue to rise, people continue to buy properties, people continue to spend. so then guess what debt continues to go up, The gap between those who own and R continue to, you know, become even worse. and it's like then then it's just another rally right? right and I feel like that's what we're setting up for in 2024, where we had one of the strongest performing years of 20 for 2023, following one of the worst performing years of 2022. So now it's like has the market recovered enough? Are we going to see a little bit of pullback? Maybe trade sideways? Things are just looking so good for the market.
Like all criteria and all conditions are so favorable that it's like I I've been asking myself like should I be buying more real estate? Should I be going long longer in the market? Yeah, it's hard not to be a bull in in these conditions. Yeah, you know? Yeah. I saw it. All right. let's do one last question and again, uh, we'd love to continue to host these if you guys, uh, want to drop a thumbs up and subscribe to the channel. Any questions you guys want us to um answer? maybe on the next uh, live stream will be next week. Um, you guys can feel free to message us uh down on Discord or Instagram All right. so is there anything we we get an I get asked that question all the time of why don't you trade options Always wondered why um I personally I mean I started trading lower cap stocks and that was my exposure to risk I then began to learn a little bit about options.
but that was also during the time that I was stepping away from lower cap stocks due to the inconsistencies and how much riskier those that area of the market is. But just like anything there's an edge, there's a way to approach it. I've never been someone that if you want to approach trading options I always I don't care if you're part ofel P I don't care if you're just a viewer or a subscriber I'm always here to encourage you to pursue whatever Market or whatever area in the market that you see value. My thing is just like anything, right? If you're learning more about it and you want to test it out even like myself, let's say that I want to learn how to trade options I I Want to give you a perfect example.
The way that I would go about it is: A lot of you guys know that I trade with half a million dollars. That's what I that's with my bread and butter and that's when I'm all in. If I wanted to learn how to do something just like if I wanted to trade a penny stock again or if I wanted to trade options, the way that I would approach it is I would size down instead of trading with maybe half a million dollars, I might take a one or $5,000 position, right? My exposure to risk is significantly less. Obviously with options.
that would be a completely different story because it could expire and then become worthless. That is my biggest concern when a beginner trades options that they don't understand the exposure to risk that they're opening themselves to. So before you jump into to it, my biggest thing is, don't just learn about all the incentives about trading options, but also learn about all the possible risks. Just like anything, if you're going to trade stocks, if you're going to trade, ETFs if you're going to trade Forex Crypto you can't just think about all of the good.
You have to take into consideration some of the bad to be able to mitigate risk, right? So I hope that that's something that, um, Can shed some light for you to make a more informed decision on what you should do. Okay, all righty did. Oh, the last thing I think it's this weekend, right? Deontay Wilder and Anthony Josh I was watching the press conference last night. It's right, they fight. Saturday M Okay, yeah, dope. I don't think Anthony Joshua's got it. No, you're too far. So Jake just said that he doesn't think Anthony Joshua has it.
I mean I I would say Deontay Wilder has always seemed a little bit more violent. Yeah, but Anthony Joshua maybe he's more calcul but he got rocked by Anthony Ruiz Ruiz This is if this: if Joshua doesn't win like who's he gonna fight next? Who if Anthony Joshua I think if Anthony Joshua I I'll bet on Anthony Joshua just because I know the odds are so against him and if he does win I think that just puts kind of like like that, probably fight Tyson Fury or something after he could jump in the YouTu just very active like Anthony Joshua to me is just like a very like you see Alex Perir post some on this story that was like uh you he put 30 plus 300 equals three. Everyone thinks he's either going a heavyweight for UFC 300 and try and get third belt or he's fighting Osna. Has anyone done third belt? Osna stepped away.
No, yeah but they're saying he might for 300 like the biggest event So those are the two calculations. Is he going to heavyweight trying to get third or it's Trilogy yeah without out of sign. So and then this will be the last one. I Don't want to.
Um, let me just answer this real quickly. I Think this would be a good one to end it with, especially for some of our beginners out there. So how long does it take you to become a good Trader So my biggest uh, my best response to that would be um, let's say you're trying to learn how to speak Spanish the first variable or the first Factor you want to take into consideration is who is your teacher and how well does the way that your teacher teach resonate with you right? The second thing is let's say that you're going to be selftaught is everyone learns at a different pace so someone just might work really well with learning a different language The same thing when it comes down to the stock market. Maybe they're just wired in a specific way that they work very well with it? Therefore, their learning process is much smoother than you.
I'm telling you, someone like myself, it took years for me to learn everything. It is that I know now and I still make mistakes day. I Think that's also the big misconception about the stock market is people think that once you learn to do what I do or what anyone does in the market, that you have it all figured out. Market conditions are always changing Therefore your Edge is always changing.
Kind of like I Recently shared in today's vid in last week's video that Market's bullish. Right now people think that they are on top of the world. They feel un Invincible right and rightfully so because they've made a money in the past two months. Great.
But what happens when Market begins to trade sideways or markets begin to sell off? Are you seasoned enough as a Trader to excel in those conditions? And then that's my answer To that is have you gained enough experience? Have you been tested enough with the market to not just do well in Bull markets sideways markets, but also bare markets? And with that I think that it does take time I Don't think that even in just a few months. If you understand the concept of trading I think that's great, but I think that you need to become seasoned And seasoned comes with experience over a long period of time to experience different seasons. And that's when I Really believe that you'll have an understanding of the market enough to understand when to take advantage of opportunities and when to hold on back. Um, so a lot of people like to say that it's maybe 6 months to a year I Often based off of Market Cycles you can look at the overall NASDAQ Let me go ahead and share this very quickly. If you look at the overall NASDAQ Market you can look at QQQ on the day chart and you could see uh, let's go on the week chart, right? We were extremely bullish from 2020 to 2021. then from 2022 we pulled on back. That was a full year. So if you started trading in 2022 and you stopped in 2023, you were probably like after this Market's rigged market sucks.
It's impossible to make money, but you entered during a bare market. Now talk about the season of 2023 To right now all of 2023 it's been up. You might be like dude, this is so easy. Your experience is completely different than someone that started in 2022 and it's all based off of timing and the seasoning of the market right? or Market condition And again, that's my thing To you is almost every 2 to 3 years you get to see not only the highs, but you also get to see and experience some of the lows.
And that's when I Think that you can therefore become seasoned enough to do well in this market or to at least understand it and respect it right to know when to take advantage of these opportunities at lower prices, to know when to sell at overbought levels kind of like we're experiencing now in preparation for the pullback. I Think you need to get beat by the market during those sell-offs to respect it now at these overbought levels and it takes time so again two to three years. but even after 2 to three years I still think that it's a NeverEnding learning process because market conditions are always changing the the the factors or I would say the catalysts that determined market conditions. Also Chang 2020 was something I've never experience where it was like based off of Covid and then interest rates right? That was something that I've never experienced where like we went through a pandemic that was a very weird Market We aggressively stld off for the first three months, then rallied for the remaining nine different market experience.
Then in 2022, inflation is a concern, markets go for a big dip. Then in 2023, we're getting inflation under control. Inflation is no longer Rising So therefore if things are not getting worse, they're technically getting better because things get factored in in advance in the market. So then we see the markets recover. Now things are better now. how's 2024 going to be again? This is why: I Think it's important to be plugged in into a group not to listen I Mean at the end of the day, no one will ever know exactly what's going to happen, but the more plugged in you are, the more opinions you can hear and the more informed decision you can make. No one's opinion is going to be right 100% of the time, but as long as you're open-minded enough to hear people and to listen to their why, I think that's the biggest thing I don't care about someone's opinion I want to understand their why behind it and with that I can make a more informed decision if I agree or disagree and at the end of the day I Think it's always just really cool to be able to be plugged in with the market enough to watch it and to also be able to be a part of a group to see who's taking advantage of it. So this is G Gone on for 41 minutes.
much longer than I thought. So other than that again I Appreciate you guys' time. Um, we'd love to host another one. Maybe next week.
You guys, it's all up to you. Give us some feedback, drop a thumbs up. Um, subscribe to the channel if you guys haven't done so already and again a quick little just update. uh around the table.
For those that aren't aware or that tuned in later, this is Brandon This is Justin This is Tanner and that is Jake And these are people that are again behind the scenes that make up part of our team. We also have our friends that often visit here um at the Uh Techbuds. HQ So as time goes on and we continue to host these live streams, we hope to see you here and maybe even join us here. Live at the Uh Techbuds! HQ If you ever want to visit the Techbuds HQ shoot me a direct message via Discord right now and that's the first link in the description down below.
And don't forget: I Trade Live every single morning right at Market Open and our Lpp lesson library is designed for complete beginners, especially if you're trying to kick off the 2024 year off strong. We're running our biggest sell right now. Second link in the description down below and if you have any questions before signing up, shoot me a direct message right now. Also, our Tesla giveaway is coming to an end mid January So if you're asking when the Tesla giveaway ends mid January you can literally buy anything from our Elon Musy that says go f yourself to anything on our site from Trading Mouse pad, trading arts, or trading apparel.
It's all provided for you in the fourth Link in the description down below or Shop Techbuds outcom every dollar you spend equals five automatic entries. And right now is prize Week. Which means every order gets a gift. If you want to learn more about that, click that fourth. Link in the description down below. Appreciate. Like always, let's make sure that we end the year on a green note. Take.
Good show
Loved it, for me you are somewhere far away in the internet, videos like these make me feel you are real๐
So eventually SQQQ will be under $1 if TQQQ keeps going up?
What about sqqq rick
Cool! Awesome and different video. Let us know when you have another Pizza party. ๐
What were
Good talk
Love it! Thank you for giving us your time.
This is a good idea. I still need to check out the hq. I just live down the road ๐
Mics doesnt work