Apple (AAPL.O), opens new tab dropped 1.2% after offering rare discounts on its iPhones in China in response to stiff competition there, days after being overtaken by Microsoft (MSFT.O), opens new tab as the world's most valuable firm.
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Let's Get Jiggy With It What's going on guys? I don't even know why I said that I I Do apologize I Think it's because I took a loss today, but not as big as I thought I would. Um, this was actually kind of unfortunate because I was down on the day, right? I I Made a video earlier today uh, showing my open short position on Tesla Um, it was when Tesla was a little bit more on the overbought side I was down about what was it like three or $4,000 right? I wanted to show you a trade that wasn't going according to plan I was shorting Tesla because I thought that it was very overbought. based off of this recent push and based off of recent patterns, it's been more bearish than it has been bullish. We'll see if this thing could sells off tomorrow.

Maybe I can re-enter a short if we get the rejection at the EMA. If it breaks above the EMA then obviously no reason to short it. It could continue to run up and then get rejected at the moving average. But overall I saw potential I broke it down I Wanted to share it with you guys, not just again when it was going according to plan, but when it wasn't I Wanted you guys to see both sides just like my Lpp team gets to see both my good trades and my bad trades.

my trade actually wasn't going that bad. I was up a few thousand doll because it actually sold off a bit I took profits I re-entered it sold off a little bit I took profits I then re-entered thinking that it was going to form lower lows, lower highs and then reversed back up and then had to cut losses overall I lost 60 bucks on the day. Now again, this is pretty much a break even day for me. I trade with a decent amount of money.

So anytime that I lose either a few hundred bucks or I make a few hundred bucks, it is nearly a break even day just because of the dollar amount that I that I trade with I Still expect that if it does sell off I could make 20 to $25,000 depending on my position size. but I wanted to show you again, my day, my good days, my bad days. As of right now, it's pretty much a break even day so nothing fancy there. As you can see, I didn't take a position on Tqs I didn't take a position on Sqs.

This was the only focus that I had today. My trade just didn't pan out as I wanted to. It's okay, right? I didn't take profits necessarily where I should have I probably should have stopped trading it because there was no progress, but it is what it is Break Even Day wanted to show you that at least I wasn't down to $3 or $4,000 So at least I minimized the exposure of loss that I had. That's a positive takeway.

We'll see how the market ends up doing. It Looks like we had a really strong rally towards the last hour for Power Hour The NASDAQ Market is still testing previous resistance and do you see this thing beginning to curl over I'm just giving you guys a heads up. It's not that it has to get rejected I Just don't want you to be surprised if it does. We are testing previous resistance levels, which means it has the possibility if we break below.
There's some decent downside to come back down to those low $400 levels for QQQ. Remember if the NASDAQ Market sells off, NASDAQ is made up of really big tech companies and the one that really sold off a lot today um was Apple Apple Because of the recent news has been selling off due to offering a small discount on I iPhones overseas in China. This was something that just didn't mix well with the overall market and we saw a little bit more selling pressure and guess what Apple gave? Its what do you want to call it, placement of the most valuable company that's publicly traded? It sits at 2.84 trillion when Microsoft Let me go ahead and pull it up sits at 2.9 trillion now. Microsoft if I'm not mistaken, is the most valuable company that's publicly traded, But for how long, right? I Would not like to uh I wouldn't mind being second place sitting at a uh $1.84 trillion market cap I Do want to make you aware that tomorrow there are retail sales, which is an economic report that is going to be released 1 hour before the Market opens.

If you're part of my Lpp team, I'm going to make sure that I post the results of those uh, retail sales and the export prices once they are released and I'll post them under our trade Idea section. I'm going to keep today's video super short and sweet. There wasn't just much activity today I Hope that changed for the later days. Let's stay patient.

Let's stay calculated and let's not be afraid to stay cash if the opportunity doesn't end up presenting itself. I Hope to see you for tomorrow's live trading session. If you want to tune on in again, you get to see it. Live My good trades, my bad trades, my thought process behind every trade I take second link in the description down below if you want to join with the biggest discount which is 50% off.

Also, do not forget we are running our Tesla giveaway which Right Now is offering 20x entries meaning every dollar you spend equals automatically 20 automatic entries. It's the final week so after today January 16th there's going to be 4 days left. So in 4 days is what you have to enter our Tesla giveaway and you can literally buy anything from Shop Techb buts. from the Go F yourself.

Elon Nusy cyber truck, mouse pads, mystery boxes. literally the list goes on. We have day trader mouse pads Wall Street Apparel LA Tokyo Phoenix We have trading mouse pads, wall art literally Anything every order gets you entered, it's $1 spent equals 20 automatic entries. It's never going to get better than this.

This is our Max multiplier which is 20x entries and if you want to check it out, it's the fourth Link in the description down below or you can head on over to Shop Techbuds decom for your chance to enter to Wi I Appreciate your time, hope that ear your thumbs up! I'll see you tomorrow for our live trading session and if you have any questions, feel free to comment down below. Like always, let's make sure that we end the year on a green note. Take Care Team.

By Stock Chat

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14 thoughts on “new apple news is dropping the market…”
  1. Avataaar/Circle Created with python_avatars @stevehettinger7709 says:

    Retail sales with juice the market. Broke people still buying stuff like the well programmed consumers they are.

  2. Avataaar/Circle Created with python_avatars @liventhemoment203 says:

    TQs made money in the am. I also bought more Tesla, Uber, and Netflix. Just a little bit of those though. But you're absolutely right you can make money in any direction.. Thanks for the info๐Ÿ‘๐Ÿ‘๐Ÿ‘

  3. Avataaar/Circle Created with python_avatars @BramVermeulen-et8vu says:

    Short AMD down tomorrow

  4. Avataaar/Circle Created with python_avatars @mrbing70 says:

    Had you shorted Boeing yesterday, you'd have had it made

  5. Avataaar/Circle Created with python_avatars @nephyr6292 says:

    That intro ๐Ÿ˜‚๐Ÿ˜‚

  6. Avataaar/Circle Created with python_avatars @absi3986 says:

    There you go buddy ๐Ÿช’

  7. Avataaar/Circle Created with python_avatars @mpiny says:

    Chinese crash ๐Ÿ’ฅ

  8. Avataaar/Circle Created with python_avatars @user-gr8ey8zk9v says:

    the mustache look fresh ricky!!!

  9. Avataaar/Circle Created with python_avatars @JS-jr1fo says:

    Yea cus ios 17 is hot garbage

  10. Avataaar/Circle Created with python_avatars @S2kkilla says:

    What day moving averages do u use bro ?

  11. Avataaar/Circle Created with python_avatars @S2kkilla says:

    Thanks for update

  12. Avataaar/Circle Created with python_avatars @kels884 says:

    Caught TSLA on the long side shortly after open for a nice green day.

  13. Avataaar/Circle Created with python_avatars @ramondrpp says:

    Every what do you cash out profits ?

  14. Avataaar/Circle Created with python_avatars @JeffTheEntrepreneur says:

    Wow you grew up. Would love to have you guest on my podcast in Miami

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