Hey: what's going on team, a quick little stock market update for you all looks like uh sqq is about to make new highs. If you're part of my learn plan, profit team, we've literally been trading this um all morning, you guys could see. You know you might be asking well ricky: how did you know that the market was going to sell off? First off, you never know right, but uh. It's been bearish yesterday, the day before that, and it's been getting rejected by this five minute ema.

As long as it remains bearish again, the more it sells off the more that s, ki goes up. I like to keep my training very simple. A lot of people like to ask you know what indicators are the best all that stuff. I mean i use indicators as a reference.

There's not one indicator that is 100 accurate, 100 of the time with that being said, my main focus is always price action direction. Is it bearish? Is it bullish? Is there there are consistent direction and ultimately, when there is a consistent direction, that's when it's the easiest to trade, it's still not easy, but the easiest. So right now we're approaching 7 000 profit on the day. Uh asking the question: am i going to swing trade? Ask kiki q hacknow, and i want to explain to you actually why so wanted to update you guys, i'm going to be closing out my trade actually pretty soon uh as we're retesting the same highs on sq qqq, but i actually um you know want to update You guys on t kikuhu, i mean it's been on a consistent green streak for about two weeks right at a really nice rally.

It went from lows of 38 dollars to highs of 63 dollars very impressive. If you actually look at the overall roi, that's 50. If i'm not mistaken right, uh 62, i am mistaken 62. Am i surprised that the market finally pulled back? No, you guys all know people like to cry about when i make videos about hey market's over ball, anticipate a pullback like, oh my god, ricky all.

You want to do is for the market to pull back no, but you understand that anytime, something goes up for a long period of time or for a consistent period of time. Red days are inevitable. Pullbacks corrections they're always bound to happen and again you cannot prepare for them and you can get upset for the two to three days that the market does sell off, and i can i made ten thousand or eleven thousand dollars yesterday. I'm up seven thousand dollars today and i'm going to keep blocking it in now.

The reason i'm closing out my sqq trade is because of this exactly it pulled back enough that now you know, i understand that the market is more bullish than it is bearish. So this is why, then, i would lock in my profits on ask qqq and then focus my attention on tikiki. It's not that i expect it to recover right away, but we are approaching the one hour moving average right now and if we look at this on the day chart we're actually approaching the ema line on the day. Chart.

The macd and rsi still show that it still has maybe a little bit more downside, so i'm not gon na rush into buying tkt qqq, but as qqq is overbought enough, and it's risky enough that i probably want to be more selective. When i choose to trade it at these levels, it's not that i have to be scared. It's that i have to be prepared with that being said, i also want to prepare for the reversal, and sometimes the best position that you can be in is a cash position, meaning that you're not in anything but you're. Just waiting for the market to at least identify a different sense of direction.

If we break below the ema line, then i'll jump back into day trading sqq as we have more downside potential, but i want to make you guys aware of my thought process the. Why again, you guys know from the very beginning. I never tell traders what to buy where to where to buy where to sell it's not about that. The the market is challenging enough.

You should be empowered to learn how to overcome these challenges, to understand the thought process and that's exactly what my live streams and my daily life training sessions are about it, so keep trading simple focus on direction, but on top of that, i like explaining why so You understand why i'm not deciding to hold what i'm waiting for here and then, if we find a support on tkq, i'm back to swing trading it. If we break below it, then again i'm going to go back to day trading sqq because of the more downside potential. This is super important, we're at a critical point for the overall market, we're either at a potential support level which would be a great higher low for the nasdaq market or if we break below you guys understand that if nasdaq market sells off so will all of Your tech stocks, so you need to understand that right, we're at a critical level if we break below 55 right around 55 to 54.50 for tqq be ready for a decent sized pullback. That's where i'm going to focus on day trading sqq! But if we find a support level here and we begin to indicate signs of a recovery, i'm going to you know, this is why i'm closing out sq eq and while i'll jump back into tkq, when the market remains bullish.

So i'm very excited to follow up. I'm sure you guys can tell by the overall thrill, through my face right and through my expressions, but you know it's super super important for you to understand what is going on, so you can prepare for your next move. If you want to complain about - oh my god, all i ever do is prepare for the worst. Yes, that is my job.

My job is not to be like every other beginner trader and think that the market can only go up. What good does that? Do you? You have no exit plan, you have you have no strategy right, my job and i try to preach. This is on my green days. I prepare for my red days and on my red days i prepare for my green days.

I think that's the best level-headed mindset. Anyone can have in life you're, never too confident, and you understand that there's always new challenges that will arise so that's kind of where i'll leave it at again. If you guys want to learn a little bit more about how it is that i trade, and especially if you want to be able to watch me, trade live every single day. Click.

The second link down below i'm actually going to be running a 100 off sale, and that is one of our biggest sellers for learn: plan profit: 2.0. That gives you lifetime access to the a2z video lesson library, lifetime access to my daily live training sessions, lifetime access to the private discord group chat, and you also get access to my in-person tech buds trading hq. I have an office in chandler arizona if you ever find yourself in arizona, it's a 7 000 square foot 15 offices and it's an hq made for traders and it's exclusive just for our learn plan profit team. Again, i'm one of the only people that actually offer something like that.

So if you want to learn more about learn, plant profit and to see if it's a good fit for you, click the second link down below that's a hundred dollars off and again that will be running till the end of today. If you want to take advantage of it great, if not make sure you subscribe to the channel and of course destroy that like button, i wish you guys nothing but an amazing rest of your weekend and, like always, let's make sure that we end the year on A green note: take it easy team.