Welcome To our free live trading session guys, it's Ricky with tput Solutions Hope that you guys are all having an amazing Friday Today is September 29th I'm going to start sharing my screen so you can see exactly what it is that I'm looking at. Uh, we did have a series of economic reports that were being released uh that that were released during today's pre-market session and the big one were uh, was Pce prices and of course personal spending. Uh, personal spending and personal income came coming in a little bit lower than what was expected, but Pce prices and Pce core both either as expected at 4% or a little bit better than what was expected at .1% of an increase. So overall, NASDAQ Market Opening up in the green 1% for QQQ and this is again a step in the right direction for the Bulls right? We talked about this.

We've been waiting for this bounce off of this uh, uh, previous support range right around 355. Now we're testing around 360 and we'll see. We'll see if we continue to show progress towards the moving average or if the Bulls end up giving back some room um, or or some of this, um, by the time the Market opens. So everything looks incredibly bullish.

As of right now, everything looks like it's forming higher highs, higher lows. All that good stuff. so we'll see if that momentum continues. Uh, we do tend to see uh from our live sessions.

Uh, quick changes of direction from time to time. Um, we'll see if this happens today. Right right at Market open? We'll see if things begin to change. We have 20 seconds right before Market opens.

I Again, want to thank you guys for taking time and watching this live session. Um, I Want to remind you that again? Um, if you end up uh, liking what you see and you want to end up joining our Lpp team, it's the second link in the description down below. Uh is $175 off and it's our biggest discount that we will ever offer. So just know that that's there for you and it's all.

Linked In The description. So here we go looks like NASDAQ still indicating signs of an uptrend. All right there it goes. 1.05% 36180 We just made new highs on the day.

We'll see if this continues again. One of my biggest focuses is just making sure that I enter a trade that is showing continuous signs of progress. People would look at this and naturally be like, okay, well this is green. This is bullish.

During the pre-market session, this has to go up. That's not necessarily the case. There's been many times that I've been faked out like this. Uh, with a very similar setup where everything is looking bullish.

It's in favor of the Bulls. But then all of a sudden right when the Market opens, there's a quick change of direction again. I Can only speak from my experience. I don't know if this has ever happened to to you.

Uh, you let me know. Um, in the in the live chat I Do want to remind you that if you want to partake in the live chat by either asking questions or whatever the case might be, uh, you do have to be subscribed to the channel, so just a little heads up on that. All right here it goes. Testing that EMA as a potential support right around 36140, we'll see if we continue to hold above and if we do hold above again, that's in favor of the Bulls if we begin to show progress on the downside, then again, maybe we can retrace back to Uh where we were right before these reports came out.

But no. there it goes. Still holding. Um Above This EMA Respecting um, these higher highs and higher lows that we were forming during that pre-market session.

I mean Market looks pretty pretty bullish. It looks pretty strong right now. It's still very early, so I don't want to force a trade if I'm still not certain on which side it's going to choose to go, right? So this is. This is kind of the complicated part.

That's very simple. It's complicated because it really challenges your ability to stay disciplined um, and and to wait for a proper setup. But it's worth it on once. once it actually ends up reversing or forming higher highs.

um, it's worth it at at that. State So if you have any questions throughout this live session, please do not hesitate to, um, ask and again, feel free to just partake in that live chat. So we got the NASDAQ market right below or right behind me. All right.

we have Chicago PMI report coming out in the next 13 minutes, so let's just make sure that we keep that in mind. It's not a super major economic report, but it should influence the market to some degree. But it looks like every economic report coming out as of right now. even though if it's not necessarily better than what was expected, right? Because uh, we have these personal income spending.

Uh, personal income and personal spending. Not necessarily better than what was expected. Um, but still. Again, markets are rising and not too sure if it's just because on the technical side, right approaching that General support range, we're finally beginning to show signs of a reversal.

Are we going to continue to show signs of progress? On the upside, or are we're going to begin to retrace our way back down? That's kind of the big question to ask ourselves right now. Here it goes: Do you see how it gapped up? It showed no signs of progress up here, showing signs of resistance, and how we run the risk of a potential pullback? That's what I I'm waiting to see. So are we going to get rejected here and begin to sell off and retrace to the moving average? Or are we going to consolidate long enough here that it's actually just going to continue to form higher highs and higher lows? I'm un unsure, right? So why? why pretend that we can predict the future when we can just wait for direction to be more clear? And there it goes. Strong Push for the Bulls Let's see, can we show any signs of progress? Higher highs? lower lows? Just something.

something that that is not consolidation, right? Consolidation is not a clear Direction So let's make sure that we're aware of that. All right. Wow. Big rejection there.

Do you still use your trading journal every day? Yep. I Try to the best of my ability, right? Try to stay consistent both on my good days and on my red days. So it's good just to know what we could have done better. Have you added for your swing trade? I Haven't opened a swing trade yet, so if you didn't pay attention to yesterday's video, there was no adding to a swing trade that hasn't been opened yet.

right? Still, very early with a potential reversal? Um, on QQQ So so I'm still choosing to stay patient, right? It's not like I'm just throwing money at QQQ or Tqqq right now just because it's green. Um, I mean in a perfect world? Yes, we do have confirmation above EMA on the 1 hour time frame, but again, it's when it pulls on back. I Want to see if it holds holds above if we get that pullback, there's sometimes that NASDAQ just rallies and it doesn't pull on back. and if we have that kind of set up again, I'm all for it I Just want to see signs of progress.

We're not even showing signs of higher highs or higher lows here. There it goes. pulling on back. uh below.

EMA testing this General support range. Again, a lot of consolidation here. No clear direction To me. this is uncertain.

I I Don't know which way we're going to go just yet. So I give it time. That's all there's There's no magic trick for me. there's no.

I'm not looking at a magic indicator. we're We're just paying attention to price action right now. Um, you know which way is is NASDAQ heading. Is it going to remain bullish? Is it going to, you know, reverse and be bearish? We don't know, right? This is what consolidation means.

So we're trying to stay patient and give it the time that it needs for it to identify its direction. Here it goes. testing support range, same support. all right, bouncing right off that.

I'm really hoping that today is the last trading day of the month for the month of September I'm hoping we get clear Direction Just something. I Don't care if it's bullish I don't care if it's bearish, right? It's these choppy days that I would love to avoid. So there goes. It's showing signs of it pulling back, right? kind of but it's just really slow.

Let's see if the Bears really begin to kick in. Nope. Green Candle right after. let's see if it follows closes in the red.

Beautiful. Come on something. I needed to pullback enough for it to be attractive to get into Tqqq or to sell off hard enough to jump into Asq Beautiful? Yeah, let me see it in the live chat. How many of you guys are tuning on in for the first time to one of these, uh, free live sessions? And I know there's a handful of you that just to, uh, choose to tune on in obviously when we host it from time to time.

But for those that are tuning in for the first time, let me see it. What's going on? Kimmy What's going on? Sebastian What's up, What's up, What's going on? Jus Robert Blake There it goes. Big green candle all the way back up. This is the frustrating part.

there's no clear Direction there. Sweet. I I Appreciate you guys taking taking time out of your Friday I Know it's early morning for a lot of you guys in the west coast like myself. So I I I Hope that we have a ideal setup here where I can take some pretty solid trades for you guys.

But again, the part of trading that not enough people talk about is also knowing when to not open a position, right? So hope that you learned something new I hope that I earned your thumbs up. And if you haven't already, make sure that you subscribe to the channel as again I would love to to stay connected and answer any questions you might have. which way are we going? Uh, how many of you guys have a bad tendency to enter a position to early when direction is unclear and I I'll throw my hand up for that too. This is something that I continue to work on, right? This is why I've made videos that I have before.

Um, you know people think that as you begin as you start trading and you know have after a number of years and you begin to do well that you're like oh okay, that guy doesn't make the same mistakes that I make. It's like, at least in my experience it still comes in sessions, right? It still comes in Seasons where you know there's there's weeks that I'm just like working so well with the market, right? It's like almost hard to take a bad trade, right? My, my discipline is is just refined. my ability to wait for proper confirmation, whatever the case might be right, everything's going well. and then there's times where I literally feel every trade that I take Market's against me, right? and this is I'm sure a feeling that a lot of people are very familiar with.

So I want to remind you that, um, again, kind of like right now when we're seeing a lot of this consolidation I know normally we would be quick to judge and be like okay, uh I think Market's going to go up so I'm going to go into Tqqq I think Market's going to go down so I'm going to go into Sqq but we didn't wait for proper confirmation and I know that that has been uh, an issue even for myself or sometimes I even take a light position where I wish I could be more disciplined and be like hey, no I I'll hold back and I'll wait for True confirmation and then I can make a more informed decision. Am I going to be a bull or am I going to be a bear right for the day or for that specific trade So um, yeah, I I just want to remind you that as as you continue to pursue this that it's not going to just be like okay I I've made a good habit of w waiting for confirmation I don't have to worry about it anymore, right? It doesn't work like that, at least not for me, it's it's every day. Every day you have to show up Every day presents new challenges, so it's important to note that's why I use the wish indicator I Like that. All right.

We're showing a lot of volatility here, right? A lot of quick movement on this candle. So 3 minutes left and then we have, um, what's it called? Chicago PMI report still consolidating and we're still holding above the moving average. So this is all still in favor of Tqqq, so can't be surprised if all of a sudden this thing begins to take off. It would completely make sense.

So that's that's what we're looking out for. We we're just looking for signs of progress. T Rogers Exactly why I Love Lpp. I Appreciate that man.

Yeah, so um I I Hope that today's session can be exciting, especially in comparison to yesterday's live session. Um, but again, I Do this every day. So there's days that we well Monday through Friday right when the Market's open. Uh, there's days that markets are very, just clear.

Market Direction is very clear and it's just easy to trade easier. Then there's days like this where we kind of start off very choppy. We don't You know? we're overbought and we're consolidating now. So I don't know if it's going to continue to Rally right? So it's like days like this where we're kind of just sitting on the sidelines waiting for the market to choose a side.

So nonetheless, if if you like what you see and you want to experience this every day, I want to remind you in the description. The second link in the description will get you $75 off whenever you're ready. uh, to join our Lpp team. So nice pullback below EMA Testing that same general support range for Tqqq.

Still no break below, right? We're still holding above 361. No signs of progress below that. so it's not showing progress above either. but it's not showing much progress below.

so this EMA is beginning to curl over. but it's not super important as long as we continue to hold above the moving average. So that's going to be the big question. Appreciate that! Fernie Happy that you enjoy being a part of our Lpp team.

All right testing. Same Zone Watch. Look at that all in one candle, gaining it all back. Watch for new highs.

Check this out. let's see what we get here. testing. Highs Are we going to make new highs right? This is our previous resistance range to show signs of progress.

It took all this time to drop it down here to 361 and it gained it all back back in just 2 minutes. So if that isn't proof to show that the Bulls are still present right then I don't know what is. So right now it looks like both sides are putting up a fight. This is risky because direction is very unclear.

We haven't had a choppy start to the morning like this, so Chicago PMI report came out I'm sure that that was a factor of, uh, this green candle, but to give it all back in 1 minute doesn't look like it helped out too much. Chicago PMI Came out at 44.1 with the expectation at 48.3 So lower than what was expected causing the market to Rally with one green candle to give it all back. Now we're on that third candle. Still nothing.

Ah, what do we thinking? Big picture of the last day of the month, Last trading day of the week? Is it the last trading day of the quarter? I Don't know to double check, but um, overall week? So Friday Thursday Wednesday Tuesday Monday We are closing. We are closing in the green uh or above where we opened at for the week, so barely so. We'll see if that right. We like to call that headline momentum.

We'll see if that continues. Here it goes: Watch Watch for new highs, new highs on QQQ We're up 1.16 1.15% That is in favor for the Bulls huge green candle. Wow. Out of no where.

Look at that wild. Be careful. I Mean it looks sketchy. Watch it.

Give it all back. Will we hold watch for a big red candle? See if we? R Trace back down to 361 76 for still holding above old resistance acting as a new potential support. Let's see if we hold above. This is way more fun than trading alone.

K Yeah no. I mean trading alone comes with its perks. But yeah, I mean trading itself can be pretty lonely. So uh I know some people are asking Ricky why aren't you buying? Why aren't you buying one green candle is not I mean this is a big green candle but again, this is what some people view as like oh my God I Need to get in I've been burned so many times by jumping in into the hype and then it just corrects itself right.

Um I Need progress I Want progress And progress is not in just one one candle. It's not just one minute of progress is not overall progress. So I need higher highs and higher lows. Remember I'm not in a rush we have all day today.

so I'm I'm willing to stay patient I'm willing to make it happen I just want direction to be clear and I want it to be consistent. This is not consistent to me. If it's consistent for you and it meets your criteria, I'm not I'm not here to convince you right. You trade what you want, you're an adult.

You can do whatever it is that you want for myself. I I Don't want to put myself in a, um, too risky of a position that I I don't want to tolerate. You know, for there goes holding above right? Old resistance, new support. Are any more reports coming? Yep, we have one more in 8 minutes.

We have the Michigan Consumer Sentiment report. Again, not a super super important report, but it does affect the market right. We might see quick little movements, some volatility I Guess that's one way to put it. You don't need friends when you have a cat by your side for for for oh boy.

Wow. Consumer sentiment? We have four minutes left. No. I mean it's it's holding above right? What do you guys think for QQQ Going back up to previous highs: I Want to buy Tqqq? but I Want to wait for a little bit of a pullback? Okay, oh man up.

3.5% on Tqqq. Is anyone else thinking that the Market's just a little bit too slow? All right, here it goes. Let's see if we get a nice push here for new highs. Maybe this could be a potential entry? All right, New highs here just to come back? All right? I'm just going to get, 1500 shares ready if we get a nice little breakout.

Great! I I Just know I'm going to end up regretting it by entering too early. Here we go: 3687 3688. All right. We got a few seconds left until yeah, 10 seconds left until the consumer sentiment report is out right? Michigan Consumer sentiment? Just head up on that few seconds left.

Every economic report has been pushing the market up, so it won't surprise me if we make new highs. Let's see what we do again. Not much of a catalyst. It drove the price up a little bit.

There it goes. 3688. We're going to get 3690 all to give it back. Yeah, Wow.

Frustrating. We're going to have to host another live session because this one's so boring. Okay, getting close To that 4% mark. Are we going to do this? $37 for Tqqq watch for new highs.

Even that is 1.1% Dude I do not care for that. Report is green. Yep, same 68.1 Expectation was 67.7 so isn't that funny? Report comes out red causes Market to go up, Report comes out green Causes Market to go up. Too good.

Everything Everything Market goes up today, which again on the 1 hour time frame we set up pretty nicely here. Right now, we're going to approach that moving average. Let's look at the 4H hour time frame. Now we're above the 4H hour.

EMA Pretty significant. Uh, now working our way towards that day chart. There it goes. Resistance: Right at $37 Who would have thought who would have thought $37 would have been a slight Little Resistance still holding H.

All right, so slight sign of a resistance at $37 showing signs of a potential pullback. Uh, we'll see how low. We correct ourselves this time. The first stage would be right around previous highs, right, which is around 3683.

So when we pull on back, just watch for potential support there. If we break below below that 3675 break below that, then it's going to be right around previous highs, which is right around where that EMA is at at 3667 if we show any signs of progress. But as of right now, the Market's so slow. Guys: I am I mean I can't control the market but I apologize ol' nonetheless for the boring live stream I I mean I want to trade for you guys but I also need to remind myself that I'm not trading just to trade I have to trade when it makes sense to me and I just I have not seen a proper setup like this was a this was a nice push but even in a perfect world right when it broke above EMA to overall highs, this is a 1.3% move.

1.2% Uh so it's not like I'm you know we missed out on a a huge huge play. um I'm just I don't know if it's just me, you guys let me know in the live chat I don't know if I'm sold on the market going up just yet, right? I've been waiting this whole time. It's just it's the last day of the month. it's the last day of the quarter.

Uh, last day of the week. We'll see, We'll see if we get it. Um I Just feel like it's setting up for signs of a potential bull trap. Just these pullbacks are too strong for it to be the this bullish right? How can it be this bullish and then it pulls back this hard like there is selling pressure and then that's what I just don't want to get caught with right? I don't want to be someone that oh yeah, I'm just going to buy cuz it's green and then catch it as a fly knife.

I Think not trading is a good lesson to learn. Yeah, it's a good lesson for those that are experienced, but for those that are watching for the first time, they're like Ricky What theck They're like trying to poke me with a stick. They like do something man. Um, but yeah I mean there's there's days that are worth trading.

There's days that are not I I'm I'm sorry that I couldn't make it happen today on being super entertaining. Um, we're just going to have to do this again, right? Well I Do this every day with our Lpp team. Um, you guys got a taste of what it was like yesterday. A very active day, right? It was a 1-hour session, very active.

but then we have moments like this where it's like watching paint dry. So the the whole point, definitely though, is to encourage you to be aware of when to strike and when not. So All right. Yeah, I Don't juggle either, right? If you guys get the side joke from yesterday, If they want real, this is part of trading, it's it's not all about money coming in.

I Agree. Yep, Important thing is that you stick to your plan. Even if you lose or make money, what's get on? Dusty So Facebookk removed poke option so did Ricky Yep, All right, looks like we retraced right back to the previous low here. All right, bouncing right off that EMA we'll see if we get these higher.

Um, this is forming a higher low so it's a pretty decent setup for Tqqq. Um, I would just be careful if it forms a lower high here, right? and then it comes right back down and it sells off. That would be progress for Sqqq so again, it can go either way. Right now I'm I'm uncertain if for right I'm not sold that Market's going to continue to uh rally because all I have to work with is from where the market opened at.

You might might be like, well, Ricky Tqqq is up 3.4% Well, it opened up already 3% in the green right? I didn't hold the position overnight so I couldn't partake in any of that. But from where the market opened to where we're at right now it's open. It's gapped up 62% So if you're like oh man, I've missed out because I haven't entered Tqqq I Want to remind you it's not just about how much it's up on the day, based off of how much it's up on. the day is based off of yesterday's close to today's open.

But if you didn't hold a position overnight right because you didn't want to carry over that risk, then you you can't benefit from that. so you can't take that into consideration I wouldn't take that into consideration. Um, it's where we opened at to where we are at right now and that's an increase of 0. 5.6% and if it corrects itself, then again, we're back to that break even from open.

And I think that's the big thing to take into consideration is you know to not, um, put yourself down when we obviously have so little to work with as of right now. Ricky Why do you use the one minute time frame? Yeah, I use the one minute I go back and forth between the one and the five. Uh, just that right at Market Open. Obviously, on the 5 minute, it's not going to be super super useful because when Market opens, you know normal trading hours are sometimes much different than pre-market or extended hours.

so I wouldn't have much to go off of. Um on the 5 minute, right? But as we get into the 1 hour to the 2H hour into the market, then I start transitioning into the 5 minute and just making sure it all makes sense. and there goes really nice bounce. Going back to retest that same resistance at 3685, let's see if we show signs of progress, this would be in favor of the Bulls if it continues to Gap up.

If not, Nope. there it goes. pulling on back. Ah Riy! Why did you change your EMA to 50? I Changed it yesterday because I wanted to wait for more proper confirmation.

so I explained it in yesterday's live stream. If you're part of our Lpp team, you would have seen that live. So so when you talk about you're going to enter a swing trade, Are you referring to Tqqq? or QQQ So I personally like to trade Tqqq but just because I choose to take that risk does not mean that that you need to right? My swing trade is my swing trade. it's not yours.

I Don't know what other people say Here on YouTube about their trades or how they try to convince other people to take their tra like take the same trades. I would highly encourage you not to do that right. You learn Nothing by copying people if you don't understand the trade opportunity. if you have no proper risk management, if you have no proper price, Target Take profit risk management.

It's just like it's not going to work right. If you're not putting in the work to understand what you're doing, it's just not going to work. So um, don't take the trade just because I'm taking it. If it makes sense to you, then great.

I Hope that you know me, sharing an idea is something that maybe sparked your interest or brought awareness to something, but it all still comes down to you and your ability to make sense of. hey, does this meet my criteria based off of what? I'm okay with exposing myself to risk, right? So again, I I would always discourage you to copy someone including myself and I think that's the big misconception from a lot of people is that Ricky um they they like to say like oh, Ricky says watch him trade live but he doesn't want you to copy him. It's like a comment that I've seen before and it's like yes, I don't know about you and how you learn but I do learn best by watching people do right because I want to understand their why. But it's not because I need a copy what they're doing.

But I think that just, uh differentiates those that are so close-minded that all they've ever done in their life is copy, right? Just like they've done in school. Maybe just like they've tried to do in life and it's maybe why they're at in a place in life that is not very fulfilling. If you truly want to be self-sufficient be honest with yourself, you're not going to be copy, right? No one that's successful in anything needs to be copying someone step by step. You know along the way there there's so some form of like being self-sufficient that is needed to be able to do this on your own.

Now, of course. I Love having you guys here in these live streams I Love having you guys on our YouTube channel. All that is great. but at the end of it you're still trying to trade, trying to learn how to trade right.

And the idea should be never to rely on someone on call outs on entries on exits. It's if you watch. Even just yesterday's live session where I was actually taking trades right because things met my criteria I was explaining my thought process throughout the entire you know, uh, live live session where I explained why I was buying I explained what I was why I was adding more So it's not just I'm buying here I'm selling here I'm cutting losses here I'm buying more here. It's there's there's thought behind it, right? There's a why behind it I Think that's the biggest difference where if you actually pay attention and you're not, just, you know.

did he buy, did he buy? did he sell? how much did he buy right? Um, it makes the big difference, right? But I I Feel like we could all see that we could all see that based off of how someone asks questions and their eagerness to actually want to learn how to do this. Or someone that just wants to try to make a quick buck as soon as possible. And at least in my experience, it just doesn't work that way. My personal trading plan is to copy you.

You guys crack me up all right. Looks like we're testing our EMA indicator here for Tqqq, right? We should be testing it also for QQQ Macd is looking good RSI is looking good I Want to But again, these indicators mean nothing. It's all based off of price action. Are we going to show progress on the downside? or are we going to show signs of a support and begin to pick up right? This is a what I like to call like a critical point because right here we can pivot, we can begin to reverse back up.

Or we can pivot and begin to reverse down and form lower lows and lower highs which would be great for the Bears which would not be the best for the Bulls. Make sense. All right. Testing previous support, see if we can get a nice little cell signal.

How do you uh, decide whether to sell Tqqq or buy Sqq? Are you asking Kim Kim Are you asking like, how do you decide to go long on something or to go short on something I wouldn't right if Market's going up I would go in Tqs if Market's going down I would go in Sqs. Uh, it's very rare that you would ever see me short the actual ETF itself, right? I Don't see there to be any benefit in shorting an ETF if I can just trade, the inverse of it. Make sense. If you didn't know, they're inverses of one another one goes up and the other one goes down.

and they're exact inverses of one another. As close to exact as it can get. y Good question. All right.

We got a decent red candle here. Can we break below that super Trend Micro andq Futures You're not interested. It's more volatile but a little bit. yeah.

I Don't personally trade Futures myself but it's it'sit. I Just have heard that they're a little bit more risky, but yeah, they could pay out a little bit more I just trade with a specific dollar amount, right? I Got asked yesterday Ricky you should trade options Um I just I Don't I I Don't like to expose myself to more risk? Um I like focusing on trying to be as consistent as possible and taking risk management into consideration and any more risk is just not something that I want to, uh, open myself to. So hope that you understand that if that, if you want to choose to be more aggressive because it meets your trading style or you work well with it I want to always encourage you I Don't you know this is my live session. This is like my group right? I have a specific way that I trade but you will never hear me say that.

oh my, it's my way or the highway right? I have a specific way that that I know that works well for me. Um, if you want to try something if you want to try a completely different Market whatever the case might be I will never discourage you not to do it. Uh, you're an adult I mean you can do whatever it is that you want. Um, you know I'm just happy that you see value and and our content enough to you know, spend time with us and hopefully we can just continue to share ideas with one another.

We don't have to be trading the same thing, right? and I think that's what's what needs to be understood is that there's a lot of different ways to make money in this market that still get that same end result and that's making money and being consistent I hope that's the end result that you guys are working towards. Here it goes sell signal but it continues to break back above. Do you journal every day or weekly or never? I Journal Um I try to every day. Um, they're they're quick I mean it sounds like a long like a large task, but it's not like, uh, yesterday.

one of my main points that I made in my trading journal I had a Green Day right? Uh, within 1 hour I made 13.7k um I really enjoyed the session. Uh, but one thing that I talked about is I took an initial entry that was still before confirmation and my journal um I stated I want to be more calculated and waiting for confirmation even before my initial entry so instead of trying to catch the whole range of the opportunity I want to be okay with giving up a portion of that for the sake of not entering too early. um and again I'm always just trying to make micro adjustments after every trade and potentially every day, right? Um, like, as of right now, what would I say that like right now I'm I'm happy that I've stayed this patient. where from Market open to where we're at right now, it's pretty much break even.

There has been no progress, right? Yeah, we had a nice little rally up Market Direction was bearish and then it was bullish. It quickly changed. I'm I'm I'm humanid right? I'm never going to be perfect. Uh, now we've pulled on back.

so now it's showing signs of progress. On the downside, now, if we sell off to the moving average, so this is kind of what I'm thinking, uh, just like last time, it sold off close to the moving average. So what I'm thinking is if it sells off again to the moving average and begins to validate that as a support, I will entertain the idea of entering Tqqq. Makes sense at that point, if it sells off to the moving average I Now know what my top range is I Now know what my bottom range is and for Tqqq, it's very easy to calculate.

Oh wow, you know, instead of potentially only being able to make you know half of a percent from Market open to our Peak I can now potentially make 1.55% a little bit more attractive. Still, not huge margins, but at least I'm making my opportunity my range of potential profit right percentage wise, a little bit greater. Why didn't you buy in on the initial rally I wasn't sold I mean it's very easy to see now, right? But Market was pulling back a little bit and we just opened. There's a lot of consolidation here I wasn't sold that on the idea that this thing was going to take off if I if I would have known yeah I would have would have jumped in I I was not I was not sold that this thing was going to continue to and when it popped off it popped off so quick that it right if I didn't catch it within the first one two seconds it corrected itself and then it Formed higher highs.

So this would have been the true range that would would have had to work with. So there it goes. Nice little sell sell off close to the moving average and we'll see if that's what we test. You were right.

Yeah, I mean yeah, we we pulled on back to the moving average. Now it's looking like it's selling off a little bit more. Look at that testing moving average. Oh it's looking like it's going to break below, right? Have no fear, the Bears are here.

How are we feeling about this? Anyone happy about it? I Want to see where my Um bears are at? How much is Lpp? Lpp is normally? Uh, it's a onetime payment lifetime access. Um, it's normally full price at $4.99 to pretty much 500 bucks. Uh, but right now we have $175 off sale. It's the second link in the description down below and it's our biggest sale that I offer so there's no discount that's bigger.

So if you like what you see even on this lower day, if you like the idea of staying patient or if you you saw what you saw yesterday and you like the activity, this is what we do every day for about 30 minutes to an hour every day right at Market open. Imagine being able to experience this daily whenever you want to tune on in. And if you don't watch it live then you can always rewatch it as these videos are always saved only for our Lpp team. So it's the second link in the description down below if and when you're ready.

no rush, it's $175 off today. Um, and yep, it should be linked in the description of this video. All right, we are testing support here. What are we thinking? Oh more progress on the downside.

Appreciate that. Magda Thank you, thank you All right Sqqq creeping up. Yeah, let's pay attention to that very quickly. We had a nice run up, but again we're still getting rejected by the moving average.

So as of right now still, this is why we got to be very careful. So I'm still paying attention to Tqqq right now seeing seeing if we begin to show signs of a recovery. But now we're trading below the moving average. So I got to be careful here.

so let's see if we break above, get the order ready. Wow. All right. Went in with 2,000 shares.

That's about $73,000 in Tqqq. Let's see if we show signs of progress. On the upside: testing slight resistance at 3650. Yeah, it's shot up out of nowhere.

Well, it was at at a general support range so it's not out of nowhere, right? Ricky Don't go against me. I'm in. It's okay. There's money to be made for both of us and things are looking fair for you.

Right direction. As of right now, it's just I have overall direction. but we are overbought. so it does run the risk of a potential pullback.

So if we make new lows, then I will manage and mitigate that risk. Look at that all the way back down. Wow. Testing Support: What exactly do you mean when Tqqq is Lover Bot now overbought? Overbought.

So when something is overbought, it's like this, right? It's overextended and then it tends to correct itself when something is oversold, right? It's sold off quite a bit. Within a very short period of time that it tends to recover. They don't have to. It's just good to understand overbought and oversold levels.

We talk about these terms in the Lpp lesson: Library Lover Bot means that you love TQ Oh man, that is too good of course. of course. Mackie I'm gonna I'm going to keep using that phrase I Like that Lover Bot, we're going to hold on to that one. Uh Ricky Explain the close to open thing that you spoke about I Don't know what you want me to explain Uh Anthony So this 2.7% is just based off of where the market closed at and where the market opened at.

If you did not carry a position overnight right if you began and opened your position right when the market opened, you benefit nothing from the the whatever. It was up 3% at this point. So this is a big misconception from a lot of people is that they often think oh wow, hey, the stock is green, It's in the green. It's going to continue to be in the green.

But no, there are times that a stock is in the green and that by the time that the market actually opens, it's already so overbought that it begins to sell off for the remainder of the day. We've seen this so many times, so again, don't get it confused. There's a big difference of you know of a stock that is showing signs of continuous progress that is in favor for whatever it is that's in the green versus something that's in the green but is now descending right in. the green is just based off of previous close and current price point.

It is not based off of what is going to continue to happen. That's the big difference doing another 2,000 shares Tqqq of course. Anthony Hope that makes sense, right? Because people again, it's just beginners, right? They say oh, 2.8% it's in the green. It's going to continue to be in the green I Have seen it so many times and please don't just even take my experience for it.

Ask other people. There could be something that opens up in the green, but it sells off for the remaining of the day. So technically you could have made no money on that and you were just sold on the face value of hey, this is green versus I've seen things open up in the red, but all they do is begin to recover for the remainder of the day. Now again, those are two textbook setups.

It doesn't always happen that way. Uh, something can be in the red and continue to sell off. Something can be in the green and continue to. Rally It's just understanding.

Are we showing signs of progress? That's why I Talk about that so much. If your position is not showing signs of progress and you have an open position in that trade, then why right? So if this thing is not actively making me money I just opened up position on it right for Tqqq. If it's not actively making me money and not actively showing signs of progress, then why do I carry that open position right? I Want to be I Want to enter and exit that trade efficiently and effectively. It's not even about like this shouldn't even matter to me of how much.

it's not that it shouldn't because I mean it's good to be aware of where that stock is based off of its percentage growth for the day, based off of average percentage growth for the day. So if you're already very close to the resistance, then you know, maybe just another reason to sell. But it shouldn't be the the only reason that you buy a stock or that you sell a stock right, There has to be some form of indication. And the biggest thing is if something is continuously making you money, the thing can be up 10% but if it continues to show signs of higher highs and higher lows, then again, that is progress.

It makes sense on why you have that position open, but if something is lacking progress yet, you still have that position open. Then again, ask yourself, why do you have that position open If it's a trade right? A day trade is a position that you intend to buy and sell within the same date, right? It's not an investment. A trade and an investment are two completely different things. They have different intentions, right? All right.

Slight signs of a resistance here. So maybe not the worst idea to potentially entertain the idea of getting out. Um, we'll see, We'll see what we get here. Looks like we might be getting rejected.

Is this going to be a higher? A lower high? It might be looks like a lower high I Like that. Ian Good eye, good eye. And there it goes. getting rejected, Giving it some cushion, some wiggle room.

So, but sometimes a stock takes a breather. So yep, I mean there's Corrections along the way right? Just like this. it pushes up, it pulls on back, pushes up, pulls on back. I'm talking about non-stop consolidation.

So when something continues to consolidate, you're obviously very overbought. And it's not just oh, it's taking a breather that it could be a potential break of pattern. You're overbought already, and that you know that you've just came from a recent rally. That's what I'm talking about.

Where again, at a specific point, you have to be able to or know when to take profits, right? So that's that's the biggest difference is, how do you differentiate a a pullback versus a complete like break of pattern? Well, it's very easy to understand what a break of pattern is, right? Because there was something. It was following a specific pattern on the way up and never broke below the EMA it pulled on back. That's fine, but the pattern was still relevant, right? Progress, Progress progress. And then it lacked progress.

Lacked progress. pulled on back again, and then we got to that EMA And then we broke below it right. Very easy to see. Oh, and there it goes.

Tqqq pulling on back Ricky How long do you stream every day? So with our Lpp team we do about 30 minutes to an hour every day. so every day Monday through Friday Our job is just to be consistent right throughout the day and then I'll post updates as they come and go right? So if I'm specifically trading something, then I uh we have a channel within our Discord named trade ideas that is just exclusive to to our Lpp team. So how come you don't watch gold oil and NASDAQ because I just trade. these ETFs are just NASDAQ ETFs So if my trade is based off of NASDAQ I don't necessarily need to pay attention to oil and gold.

It's good to be aware of I Guess where gold is at right? Um, it's not crucial. It's not crucial to Tech NASDAQ is a big F as a composite of a basket of tech companies. Mainly right? So all right. just going back to retest that.

EMA Trying to give it the cushion it needs, right? Are you still in a trade? Yeah. Have you seen me sell there? You guys asking me questions where you can see everything I'm doing? Are you're not paying attention? Thanks for hanging in there today. Of course Make him do push-ups I don't have a stoploss set. Uh, my position size is light enough that if it does begin to sell off and I see a break of pattern and I see progress below the moving average.

I'll just cut losses I'll sell it individually. Uh, my stop loss I normally set if my position size is much larger. Um, and if there's more volatility if I'm not paying attention as much. but I'm just one thing I'm paying attention to.

and it's this, right? So if I begin to see that it's selling off, I'll quick, right? My position size is light enough that I should be able to manage it myself. It doesn't look like we're getting the break above the EMA Uh, we continue to retest, right? We we've tested it here. We got rejected, We retested, retested, got rejected, retested, retested, got rejected. So I need to take a hint.

At least now my position size is not mean I'm pretty much break even right now for Tqqq. So yeah, I mean it continues to teeter totter within a100 or $200 in the green or in the red, which is again, just it's insignificant. Um, with the dollar amount that I'm trading with. So yeah, I just moments like this I Again, try to remind myself, okay, maybe it's best to just exit the trade and then wait for a more clear opportunity.

That's kind of what I'm thinking of doing right now regardless of am I going to be a couple hundred in the green or a couple hundred in the red I can make that back with one solid trade, right? So that's it's good to believe in yourself when you know that you're capable of it, right? You just want conditions I Value those conditions more than I Do value the 3 to 400 bucks. There it goes. Is that what you're talking about Sebastian Getting rejected today is a bears day Tony First off, Market's green. Second, we're still holding above the moving average I mean I get it? but no, right on the 30 minute we above EMA and moving average 5 minute we above EMA and moving average 1 minute we're above the moving average I Don't know about what be day you're talking about, but as of right now, not really.

It can be though, right? it could break below the moving average, begin to show signs of progress. On the downside, that's all possible. We don't have that yet. Man, today's a bull's day.

It started off as a bull's day, but hey, we've seen it time and time again. It could be any any day, right? It could be start off as a bulls day and it could end as a bear. THS So you know you know this. Market's super volatile.

Let's not pretend like it's not. Yeah, All right. I'll I'll keep you guys up today on the trade ideas. I'm going to grab a quick snack.

Um, so again, if you're part of our Lpp team, just cuz I'm going to walk away I'm going to set a stop stop loss here. So uh, my stop loss I probably want to set it um I really wouldn't even care to set it a little bit closer. So maybe at 43 just to make sure right that it follows at some distance below the moving average but not too too much. So I'll set the stop loss there meaning that if it breaks or touches 43, it will automatically get filled.

Um I'll keep you guys up to date in the trade ideas for all those that are part of our L P team I Really do apologize for today's stream being a little bit on the slower side I can't control the market I wish I could I'd make it very exciting for you guys. Uh, but I can only work with what I'm given. So um, really challenged our ability to stay patient and our ability to um, wait for more of a proper setup. but it even looks like right now like we're we're not sold on super clear.

Direction I Don't know if it's going to sell off I Don't know if it's going to begin to recover so what in doubt? Don't be afraid to pull out cash out, stay cash. um and I just know when to be patient I think that's the biggest thing is we focus so much I know I focus so much I guess I Can't speak for you for you guys but I feel like we all can maybe do a little bit better trading less and focusing more on quality setups and I think that's a great uh motto to live by right? waiting for more ideal setups because we all know that right at Market open When we take that initial trade, Direction's not super clear. we're almost just hoping to get lucky. So um I'm I'm here to work on on my craft every day and I hope that you guys are too! And I would love for you guys again to join us for these live sessions so we can work on it together.

So second link in the description down below I Want to remind you Lpp is a onetime payment Livetime access. You get to watch me trade live every day just like this. and um yeah, you also get access to our A2Z video Lesson Library that's designed for complete beginners so whenever it is that you feel like you are ready. Second link in the description down below and if you have any questions before joining, shoot me a direct message via Discord which is the first or third link in the description down below if you prefer to message me via Instagram So like always, let's make sure that we in the year on a green note.

take it toas.