So much preparation to not go live when it actually came out. What's going on guys, it's Ricky here with tech budget Solutions I Hope that you guys are all having a better start to your Thursday than I am. Uh, today is August 10th it is 5 45 here in the morning in Arizona and I slept in I set my alarm uh for five o'clock and I said five more minutes and what is that? 40 minutes later I'm here. So I really do apologize.

it's I'm I'm bothered myself but just so you guys can see I have no open position on either side I Have my one luck you share on Tqs and my one lucky share on Sqq so no trade. no trades have been taken just yet guys. I I'm so sorry I I do apologize for not going live right when the CPI data report came out I I've no words I have no excuse I just dropped the ball. So uh, it looks like let me go ahead and refresh this.

Go ahead and pull this up. Looks like our current inflation rate is at 3.2 percent which is not as bad as what was expected. Uh, forecast was 3.3 percent. so again it looks like Market actually gapped up.

Um, so it makes sense right on why the Market's trying to push up. Based over the past couple of days, Market has been correct in itself. Uh, due to I think the CPI data report being expected to be worse than what was expected. Uh, looking at the one minute time frame we are, we did see a nice little push.

It didn't hold very well. It doesn't really surprise me, it didn't hold. We corrected ourselves nearly to that break even and then began to recover. So just blame Remy again now.

Ronnie Rummy has been good Remy's been sleeping all night and um, in her own room so that's that's. not the problem at all. It was just me, just a tired guy. I Guess it was nothing.

Uh, Burger Anyways, so it's still. it's the principle. but um, I'd like to break down the CPI data Report with you if that's okay, right? Uh, very quickly. Uh, these just for those that have never read a CPI data report, the way that you read it is as overall CPI Up here, it should have all items less food and energy right on over here.

Which means that this is Core CPI which is also a really big factor as of right now, right? Um, so it says all items less food and energy because by 0.3 Rose by 0.2 percent. Okay, all right, and Core CPI is at 4.7 percent. All right, and there it goes. It looks like we have another nice rip up.

I'm getting quick changes of Direction here for Nasdaq Um, but okay. overall CPI 3.2 percent Core CPI came in at 4.7 percent. Um, as we can see right on over here. Uh, when it comes down to the line items.

So remember these are all the different line items that are being tracked and all. It's really tracking for the month of July right? So you just go down this list. These are just previous months, so if you wanted to look into that, you can. but it's just it's just this one.

Uh, that just got added. It's for the month of July that gets reported in the following month. which again for August. That's what today is right.

Uh, July You could see that there's consistent Rises Uh, the biggest decreases that we saw. We saw a point Four percent decrease here. Uh, we saw a one point. This was the biggest drop that we saw.

It was a negative 1.3 percent drop on used car prices. So that means that used car prices are still going down. Uh, we saw a drop on new vehicles. We saw a drop on Commodities less food and energy Commodities And then we saw a drop on electricity and we saw a drop on Uh Energy Services Everything else saw an increase.

So it looks like Fuel Oil saw one of the biggest jumps and that's a three percent increase for fuel oil. So that's not the best thing as we've been seeing a consistent drop in fuel oil for the past. Uh, what is that? six months? So that's something to take into consideration. It looks like we're hitting a slight Little Resistance Here Again, just because I trade something does not mean that you need to.

Um, all right, how's that energy? Uh, energy is the only one that, um, the energy sector that's always kind of been the concern, right? Because inflation itself is is the one that has always within energy. Uh, is the one that saw the biggest jump. Uh, but as you can see, I mean it did contribute the largest amount and that's a three percent increase for fuel oil. Uh, but other than that, I mean everything else was.

it looks like everything else was under one percent right? Point Two point Two point Three Point Three Uh, point Two point One point Three point two Fuel Oil at three percent Point Two Zero Point Five Point Four Point Four Point Three. So other than that, um, if you wanted to look a little bit more into the details, uh, but the gist is, um, inflation did go up in the month of July That's not really a surprise. Uh, but I don't know if you guys remember this formula that I showed you guys or these charts that were shown. Um, yep.

and here it goes right. Uh, this isn't an updated yeah, this is for June 2023 so the PDF always takes a little bit longer for it to be released. Uh, because we just reported on the month of July. So with the new month of July and the old month of July, we took away point zero Zero right? Uh.

And then we added 0.2 which was the increase that we saw for overall CPI So that's why we're now sitting at that 3.2 percent. Uh, when it comes down to Core CPI We previously were sitting at Um for Core CPI We're right on over here. We were sitting at what was that based off of the previous one? Where is that at 5.7 percent and we dropped to 4.7 Let me double check. that says all items less food and energy.

Uh, Sun and Crews have 0.2 but we took away whatever it is that was being contributed into that. So three percent all item lost food and energy index Rose 4.7 percent over the last 12 months. So no, that one does look pretty good. I Did get into Tqq.

Nope. I did not trade anything during that pre-market session I didn't hold any shares overnight. just like I talked about. As of right now, it looks like we're kind of just consolidating within this phase of a potential resistance at 41 and support here around 40 30, right? If you're looking at QQQ we're testing our nice little resistance range here.

We're not. Um, seen. I mean NASDAQ is still up and it's up a decent amount, right? One percent? I Mean it's it's still something. Uh, so to see a move at the 2.6 Mark and not bad.

Uh, but it is showing signs of weakness, right? So it corrected itself shortly after the report so we'll see if that momentum continues or if we actually begin to show signs of progress. On the upside for Tqq. Okay, how are you guys feeling about this? CPI data report. So raise your hand if you are a bull.

Or also raise your hand if you, uh, locked in profits, right? So did you lock in profits? Do you see that because of current market sentiment being more bearish than it's been bullish? Uh, do you see that right when the Market opens? Do you see the potential for the market to sell back off? Do you think that it's going to begin to recover and actually bounce off of that moving average, right? So do you think that it's gonna break above that EMA and then begin to make a full recovery back to previous highs, right? What's your expectation? Logged in profits or locked in some profits on TQ but still have a position? Nice? Uh, take you to 45. stay in cash. Okay, so Captain Games I Like to profits on my first account, but left open on the second for Break Even Okay, we're still testing that same resistance. Another type of activity that you normally want to see during a I Guess it just depends on on what you want to see.

right? For a CPI data report, there's just not much continue. Uh, continuous momentum. So Apple up point Eight percent pretty much uh, Amazon up 1.6 1.26 sorry. matter indicating signs of an uptrend I mean everything that's holding above the moving average and trying to push up.

So that's nice to see. Tesla's looking pretty overbought, but again, it's only overbought if it begins to correct itself. No progress waiting for the market to open. So I just want to make money today.

I'm no bull or bear I move with the money, that's good. That's a good approach. Uh Ricky can you set about talk about setting alerts I don't know what there's to talk about Todd You said alerts at specific levels or ranges that you want to be reminded that if that stock that you're paying attention to broke above or below, right, don't over complicate it. It's dumped at an alert for something you don't actually care for be intentional with your alerts.

That's all right. if there's a resistance that we're testing and that's where you set your alert. So, but alerts don't get triggered during pre-market or during extended hours, so it just adds up on that. Yep, we are testing that same resistance I Mean that's essentially why I took a quick little position on Sqq.

So if we get that confirmation and we break above that, EMA I'll add a little bit more to it. It'll be my first trade of the day. but just like I explained to my Lpp team yesterday, right? my first normally. um, especially if I'm doing well.

One of the things that I'd like to remind myself is again my first couple of Trades don't have to be perfect. Obviously, if you're under the PDT rule, you have to be a little bit more calculated because you're limited to the number of day trades that you can make. Uh, but for my first couple of Trades I mean if you're feeling uneasy, if you're feeling uncertain with the market, you can either choose just to stay cash or you can try to warm up. You stay light enough that if things begin to go south, instead of adding more to it and being hesitant to cut losses, you just accept that.

Okay, I'm going to keep this lost small and that's my morning stretch, right? That's like the way that I'm warming up for the day. It's I'm warming up on how to manage and mitigate risk if things don't necessarily go according to plan rather than over complicating it and end up back holding or adding more to something that I hope recovers right? Keep it simple. cut losses. Move on to the next right? Uh, how do you decide how much size that you want to take on your first position? It depends on conditions, right? If if I were to tell you I we we view it as like a as like a volume Right? If conditions are extremely favorable, right? If conditions are extremely favorable, you know direction is in your favor Market Sentiment is in your favor.

You're seeing obviously price action to be in your favor. Like everything, everything, that you always look for is in your favor. Your upside potential outweighs your downside risk. At that point, conditions are more favorable where you're more likely right because of conditions to trade with more money, right? you've averaged up or you can choose to average up and then now you're in a position where you're like, okay, you know I have a hefty position, but it makes sense I have my reason why my criteria is met, but kind of like either.

Right now it's kind of consolidating. Yes, there is potential, but not really. there's no confirmation you know I have less ground to stand on to be aggressive as a bear make sense. So therefore I just I respect what the market is telling me rather than hoping and wanting and needing the market to do what I want it to do I'm open-minded enough that I realize it doesn't have to right and I respect that rather than making it or breaking it right, it's like right now Sqq is beginning to sell off.

If I was an absolute beginner, right I would be maybe adding more to my house key position. How many of us have made that mistake? Show me a, show me a a hand up because I know I make not only have I made that mistake before when I just got started I've made that mistake probably last week or maybe two to three weeks ago, right? And I think that's the misconception that a lot of people have is like do you think that as time goes on, you're just gonna be perfect? Heck no. Again, this is the whole point that you know our Lpp team get to watch me trade live. It's when I make mistakes.

they get to see it and I have to hold myself account of like okay I was being such an idiot I I made such a simple mistake. But simple mistakes cost you real and a lot of money when you're trading with more money, right? So it's it's something that we all do. And it's not that you have to pretend like you don't, it's just that it all comes down to how bad you want it. That's really what it is, right? So if you see that you continue to make the same silly mistakes over and over again, you know that you're buying before confirmation, your bag, holding positions overnight, you're buying the dip and the dip keep dipping.

You're doing that to yourself, not the market, not whatever group that you're a part of you. so you either understand that, right? This is why when I talk about journaling your trades and so you retain that information, at least for me, it works right. You retain that information. You talk about what you did good, what you could have done better, and what you know for me in that journal.

I Talk about what the current market sentiment is moving on for the next day, right? I Want that journal entry to be not only valuable for the day, but also for the next days to come, right? So I give a quick little summary of where I see the market heading and I think that's so so important right? that when things do begin to go south that you're just quick with it that you're like, okay, um, my I don't want to over complicate this obviously I saw potential right with Sqq for this thing to potentially recover, but now it's just selling off too much I don't want to tolerate this anymore I'm just going to cut losses on it and cutting losses does not make you a bad Trader Cutting losses does not make you a shitty Trader Bag Holding a position like AMC people make you makes you a shitty Trader Ah, I That's one of the jokes that we have with an Lpp is I always have to try to do a low blow for the AMC bag holders. it's it's literally just the joke I Really don't care? Um, but it's just to make you guys laugh. But you guys know what I mean right? Risk management does not make you a bad Trader It makes you a better Trader It makes you one one of the better because anyone can make money. but can anyone manage and mitigate risk Or will anyone do that right? The making money part is easy.

We're obviously happy when we're making money. It's when things are going south that you need to control yourself, right? That's where the challenge really is. Think about it. Actually think about what trading is.

It's not just making the money, but it's also not giving it all back, right? Just imagine the position that I had yesterday in Skq, right? I had a half a million dollar position in Ask You Imagine if I would have held that position overnight because I hoped for ask Kiki Q to move up I would be down three percent. Three percent might not mean a lot to you, but remember, it's all relative to perspective, right? You don't intend to continue to trade with what you're trading with. So three percent of half a million is right, right? Fifteen thousand dollars. Imagine waking up and being down 15 Freaking K.

That's not a light pill for me to swallow. That's tough, right? And I don't care if you trade only with you know, 500 or a thousand dollars, You're like, oh well. three percent is really just three percent for me. It's just, you know.

30 bucks I could tolerate that. It's not about that. It's the principle, right? What was the risk to reward? There was no structure there, right? There's no risk management there. You you held because you you could because you're like, well, 30 bucks isn't really that much.

But now how long is it going to take you to make those 30 bucks back right? It's all perspective. Uh, look at the 30 minute time frame checking it out. Yep, Oh, I know. Um, this ascending up Trend pattern.

for are you talking about this being ascending right and still holding above the moving average? This is when I took my position yesterday in Sqq. right when Sqq gap down and we don't know if it's going to continue to do this right because there's a reason yesterday, the reason that the market gapped down and then recovered that was, you know, just what was being factored in. Now the report actually came out. There's a reason on why the Market's pulling on back.

So although the previous times yes, we did pull on back and then we recovered and then we sold off and then we were covered. This is called an ascending, um, higher low, right? So when it pulls back, it doesn't go as low as it did before. When it pulls back, it doesn't go as low as it did before. When it pulls back, it doesn't go as low as it did before.

That's called an ascending upward staircase pattern. It's like a staircase, right? It's it's ascending highs and ascending lows make sense. but again, trying to be optimistic. I mean I have every reason to want Sqq to go up and I have a position right? I Just showed you that I took my first position in it.

but I understand that it doesn't have to and I understand why it's selling off today and it's because the report did come in a little bit better than what was expected. So because of that, I'm choosing to respect it now if we see a full break if pattern I will cut losses on that position on Sqq. I have a light position I can tolerate it I can manage it and I'm okay with that. I'm not going to add more to it as long as direction is not favorable, right? And although I do see potential um in this ascending uptrend pattern I Just think that the Bulls have enough of a reason to Rally today that I'm being cautious.

Remember I'm not perfect I can't predict the future and neither can you. You can be aggressive, but then that just means that you're taking on a little bit more risk. what you don't have to which there's nothing wrong with it, right? You could reek the benefit if you're like I'm gonna buy the dip I'm gonna buy the dip right now and it makes a full recovery great. I mean you could potentially make at least three percent if we return back to previous Highs but I just don't want to have that attitude right now towards the market.

I've been working really hard to get to this point where I've I've seen a really nice return for the past couple of weeks, but I just don't want to get too confident because I know my red day is right around the corner, right? We all know that a red is just right around the corner for us. There's no reason to over complicate it, um, or pretend like it's not. So if I do have a red day, I'm gonna I'm gonna keep it small so I can either recover from it or even if it is red, it's just a very small setback I don't want to lose 10K today just like I did on Monday right? Foreign Live on the Market opened or here on a different stream. Uh, I'm only going to be trading live with the Lpp team, so you guys should know that I'm going to be closing out this stream in the next.

um, really? five minutes? Uh, so the next five minutes this stream is going to be closed. Uh, then I'm going to be hosting our private live session with the Lpp team at Market Open which is 22 minutes from now. Uh, remember I work with one team and one team only. Uh, so just imagine daily sessions like this.

but I'm actually trading within those sessions if I see an opportunity to present itself. you get to see my entries, you get to see my exits, but most importantly, you get to hear my thought process behind every single trade I take. So if that's something that you want to experience, you don't have to right? If you still want time to think about it, if you still don't know if it's something that you see value in, take your time, right? I'm not here to rush you into anything, but if you want access to me. if you want access to the A to Z video Lesson Library If you want access to the Daily live trading sessions I mean you would literally be able to watch me trade live as soon as this morning, right? You sign up and in the first three sections of the the course, we provide you the link and explain to you how you watched me trade live.

So it's a one-time payment, lifetime access. it's 175 off and you kind of just ask yourself right, do you want to continue to try to figure this out on your own Which you 100 can, but how much money will you lose and how much longer will it take or would you rather join our team I Provide you the structured content which again, you can learn how to do something anywhere. That's not the question. I'm not here to oversell it.

You can learn everything everywhere. Anything anywhere, right? But how will you know what to look for if you don't know what you're looking for And that's the whole point of having structure, right? That's the whole point of our daily live sessions. It's to be a part of something where again you get to sit back and watch someone do at least for myself. I'm more of a visual learner, so for those that are as well, you know I retain that information a little bit better.

but again, the link is the second link in the description down below. If you don't see it, feel free to refresh it. It's 175 off. It's our biggest sell that we will ever have going on.

and it's a one-time payment, lifetime access. And yes, you'll get to watch me trade Live as soon as this morning. If you sign up right now and buy Market open which gives you 20 minutes, you need to watch the first three videos of the course because that will explain to you how to get access to the Discord chat and how to get access to our live trading sessions. Oh, this live is private.

It wasn't supposed to be. Oh boy man, I am on one today. This is this is what I get Uh, it's not even a Friday right? It's like a Thursday and I'm this discombobulated. I'm gonna if I'm gonna blame.

that's my fault I was like I'm gonna blame that I Had to wake up at four in the morning yesterday to go flying. Ah yeah, Yep Yep yep yep yeah. we're gonna have people tune on and be like what the heck? Okay, yeah, there it goes. Whoops! Uh, what was the guy's name that told me that it's private Jake You guys ready for this was yeah I think it was or CD Street yep I think it was uh car D Street So I'm gonna blame it on him.

All right guys. The reason that today's video was Private it's the CPI data report. First off, you didn't get the video to over 1500 likes and second we got we had uh what was that car D Street um asked me to make it private and not make it public because you know I messed up I had it unlisted instead of it being public and uh we had the whole CPI well I guess it was still a little bit late but um yeah it was my fault I forgot to click one button I went from yeah sorry but CPI report came out uh, markets pretty much trading sideways. uh if you're asking what, I'm trading so I opened a position on Sqq I only have 5 000 shares I bought it pretty much at this average right? which is around 1870 when it comes down to tikihikyu I have no open position? Um, it's just on Skq.

The 5000 shares that are just opened 5 000 shares is relatively. you know, like uh, five to ten percent position size for me. Just to put things into perspective, the CPI data report did come out. It came in a little bit lower than what was expected or as expected for I guess some forecast but it came in with overall CPI at 3.2 percent seeing an increase of 0.2 Just like we talked about yesterday, we did see a jump from our previous inflation rate of three percent.

Now back up to 3.2. And course API came in at 4.7 percent in the last 12 months. the biggest increase that we saw for the month of July was an increase of three percent of the biggest drop that we saw in the month of July for inflation was a drop in used car and trucks and that was a drop of negative 1.3 percent. So I am extremely sorry I'm very sorry I mean there's no reason to sugarcoat it.

It's my fault I slept in for the first part. the second part of this live I was Private I only had it I only give access to the people that follow me on Instagram or the people that follow me I guess on um are part of our Discord group so I do apologize for that. It's not like anything crazy happened, but again more for the principal. Um, I'm just all over the place this morning so um, we actually had a really good conversation I don't know if you guys liked I Mean we had a couple of rants um, this morning and it was just more for beginners, right? So if you're not a beginner I Really don't think you would have benefited too much.

But if you're a beginner, especially someone that's struggling with risk management, someone that's struggling with you know, being selective and the idea of not being right every single time. I Feel like maybe you should watch the earlier part of this live session? I I Think it? Yeah, it was good. We had some really good points to make and I really hope that it encourages. Um, you know, some of our beginners, uh, to just look out for themselves, right? This is.

this is a market where you do want to be selfish. You do want to look out for yourself and your future self. Um, so um, I mean that's really just that we're setting up right now to go live with our Lpp team uh, which is again our private live trading session. So if you want access to that, that's going to be the second link in the description down below.

It's 175 off. It's a one-time payment lifetime access. It's our biggest discount and you'll get to watch me trade live every single day starting today. but you have 15 minutes to sign up and watch the first three videos of the course, which should be enough time.

Um, and then you'll learn and understand how to get access to our Discord group and our daily life sessions which are all included in LBP. So I Really do appreciate you guys time I Hope that we're into thumbs up I Hope that you can consider giving me a thumbs up even with all the mess ups that I've had today with uh, being late and also having the video being private. but hopefully I uh, you know, made it a little bit easier to understand for the CPI data report. Um, and if so again, please consider subscribing if you guys haven't done so already.

If you have any questions, you guys should know how to reach out. To me, that's the first or third link in the description down below. And again, don't forget to pick up your favorite items at Shoptechbutts.com or the fourth Link in the description We got inside Trader of the year with Nancy Pelosi buy the dip with Warren Buffett or thrill and air we have the make your unlock the Wall Street teams. These are all available and on top of that we have everything from our trading mouse pads, our accessories of the journals uh, and even some wall art right? especially if you like the ones that I have uh right behind me.

so appreciate your time. Hope that weren't a thumbs up like always. Let's make sure that we're in the year On our green note. take.