So this video is not clickbait. I've had an amazing trading week Last week You guys saw that I had $40,000 days, $30,000 days, $115,000 days. And when it comes down to trading with more money, of course there's more risk involved. and it's not all rainbows and butterflies all the time.

And I love sharing this because again, this is what my learn plan profit team gets to experience. They get to see both my good trades and my bad trades. Check this out. 23,616 $83 is what I lost on coin.

Now again, coin is in my opinion it was a very overhyped company. Uh, we shorted it on the way down I made over $100,000 in just two trading days because of how much money I was trading with, right? It began showing signs of a support today. it popped off due to the news. Let me keep this very short and sweet.

Um, it got upgraded based off of price price targets from different brok. Brides So this caused the stock to all of a sudden be begin to. Skyrocket Now one thing I mean this could have been really bad. You might be like holy crap you know 23 24K This is insane Ricky What were you thinking? First off, I closed my position and I shared this with my Lpp team.

Uh, during our live trading session at one point I was up because my trade was going according to plan, my short was going according to plan I was up a few thousand doll I Locked in profits, it began to try to indicate signs of an uptrend. I entered the short. it wasn't making the progress I wanted and I gave back all the profits that I made and I was slightly in the red. A few hundred bucks with the dollar amount that I trade with a few hundred bucks is pretty much a break.

Even day is almost like what I view at as right. So what I wanted to do is I wanted direction to be more clear. so I reduced my position size and all of a sudden it began to Rally I was like perfect. This thing's overbought now I'm going to re-enter my short I re-entered my short.

Boom Boom Boom right, pulled on back. boom, rallied right I had to reduce my position size and and cut my losses. Ultimately, again, not every trade goes according to plan and I wanted to use myself as an example. Where again, with trading with more money, it doesn't always mean that it yields you a greater return.

I Normally do a pretty decent job managing my risk. Uh, keeping my losses. My goal is always to keep my losses under $5,000 Um, today was just not the case. Remy Not right now.

I'm sorry that was my daughter. Yeah, sit please. Um, today was just not the case. Um, this this rally that happened, this news that was announced.

It doesn't surprise me. Coin is a very overhyped up company and there's good things that come with it. And then there's bad things. This is the bad thing when again, you're entering a short position on something that is very, very risky, especially with what's going on in the next few days.

supposedly from the SEC uh Gendler is supposed to announce relatively pretty soon if they're going to approve this or deny this for the spot. Bitcoin ETF approval. but I Wanted to use myself as as an example that again, not every day goes exactly according to plan. Our job is not to avoid risk, our job is to manage it today.

Just caught me by surprise. There's there's no reason for me to sugarcoat it. it's you know I sized down on my secondary trades when I saw things um, you know were not looking so hot. but then this news was release and it sent the stock flying.

If you look from overall lows to overall High the range that it moved was nearly 10% 9.64% you might be like Ricky that's just not even that much money. It is to me 10% nearly 10% Move like that when I'm when you're training with hundreds of thousand of dollars. nearly a million dollars. um, it.

it doesn't take much to give back. um, you know all of your gains and then up right. So from going slightly in the green sorry about that. So from going slightly in the green too, slightly in the red just like Remy's crying.

That's kind of how I felt I'm totally kidding, right? I've had an amazing performing week last week. but when you trade risky stocks and when news or catalysts get released, Direction can ultimately change against you now I Wanted to use myself as an example for this because I didn't want to write um for Lpp. my Lpp team that get to watch me trade live every day. They get to see my good days and my bad days all the time, right? But for people here on YouTube sometimes, right you I just do Recaps and you're like Ricky like you're always green.

Like what's going on here, right? It it. it's not always the case. I I Normally am really good at cutting losses and keeping my losses small, so when you trade with $100,000 plus, it's much easier to come back from that, right? Because if you keep your losses small, it only takes one solid trade to go according to plan to make back those losses. And that's what has been going on very well for me for the past few days.

Today was just not one of it. but I didn't want to share Cod it wanted to sh share this with you as well as NASDAQ NASDAQ We announced this during our live trading session today. We were testing the support on the 4H hour moving average and it pushed up today. I didn't trade Sqs I didn't trade Tqs I was focused on coin today Um.

but I was also really tired from my commute from LA to California as I traveled back from Costa Rica. So it's going to be really interesting to see later throughout this week because we have the CPI data report on Thursday and PPI Uh, report on Friday with if I'm not mistaken, the trade balance report. um, a treasury budget. um on on Thursday as well at 2 p.m.

So it's it's our trade balance is tomorrow at 8:30 which is 1 hour before the Market opens, so that should be more influential for the overall. NASDAQ Market We had a nice bounce. you must have seen all of big Tech probably went up today. We're going to see: are we going to hold above the EMA line or are we going to break down? uh, down below right? Are we going to recover back to previous highs? Or are we going to break right back down below to previous lows at that moving average? That's what I'm going to be asking myself and that's what I'm going to be paying attention to for the next few days.

But again, good days, bad days. It doesn't matter. Our job is not to avoid risk. our job is to Simply manage it.

If you trade riskier stocks, then obviously it's not going to just potentially yield you a greater return because I've seen those great returns for me, you know, 60, 40, 30 $15,000 days. That's great when they go according to plan, but this is part of it. 22 23 $24,000 loss is pretty much what I experienced today and I'm excited to take on the market tomorrow, right? Do not bik down more than you can chew And this is the beautiful part about scaling into the market is you start small. You make those mistakes with a small amount of money and then you build up and scale up once you have the experience again.

We do this every morning right at Market open and if you're an absolute beginner, I'd love to invite you for my live trading session tomorrow and whenever you feel comfortable tuning on in, it's the second link in the description down below to onetime payment, lifetime access and you'll get to watch me trade live every single day. I Hope that your thumbs up, please consider subscribing. Let me know in the comment section what you think and like always, let's make sure that we end the year on a green note. Take Care team.