One two three, so a question everyone is asking right now is now the time to sell tqqq for those that are not familiar with tqqq, it's a triple leveraged etf. It follows the overall nasdaq index, so in the nasdaq index, meaning the nasdaq market goes up. One percent tqqq does three times that, so it goes up three percent same thing when it goes down right if the nasdaq goes down one percent. This thing goes down three percent, so it's a little bit riskier.

But again, it's very, very bullish, very, very consistent and i love buying the dip on tqq. Just like i announced to all of our learn plan profit members when it pulled back, and while everyone was freaking out, our team bought the dip we stepped on the gas, meaning that we really added more to our position size when it began to trade. Above the ema line, and then we locked in profit as it became overbought so now right so asking the question is now the time to lock in profits. One of the things that you have to understand is, at least in my experience.

I can only speak from that. There's no such thing as a perfect entry in a perfect exit. You guys could see that um. A lot of you guys have been asking me to continue this little notes section that makes it a little bit easier.

Guy uh easier for you to follow through with it. So i like to understand oversold, meaning cheap levels and overbought. You know pricey levels where it makes sense to buy where we step on the gas right when we break above vma and then when it becomes over buttoned up. Look at the rsi look at the macd look at previous highs, where it makes sense to lock in profits by me, locking in profits.

Let me make this very clear: it's not that t q q has to pull back t kiku qqq can continue to uptrend. It could break above 180 uh, although i have that, as my resistance level again patterns tend to repeat themselves, they don't always have to i locked in profits to be safe. It's as simple as that. If it goes up, i can, i can day trade it.

If i want to, but i no longer want to swing trade, it a question you might have, why wouldn't you want to swing trade, something if it continues to go up because it's no longer a good deal so holding it overnight is viewed to be too risky, Meaning that, if, if i want to day trade it that's great, i can manage my risk intraday, but when it comes down to swing trading it just really wouldn't make sense at these overbought levels. All i'm doing now is i'm preparing for it to pull on back. If we get the break below and it could it's a little bit easier to see on the one hour time frame, you guys could see that we can see the oversoul levels when we broke above vma made higher highs higher lows now we're overbought at a resistance Level and now i'm waiting to see lower highs and lower lows below the ema line on the one hour time frame. This is something that we've been exclusively talking about within our learn plan profit live trading sessions every single morning.

It's the importance of understanding when to buy when to add more to your position, size because it's in your favor and then when to lock in profits and not being afraid to do so. Who cares if it continues to go up? At least i don't care enough to overthink it that way, just as much as it could go up, it could go down, and it's so much more important to me to manage my risk than it is to think about the the couple extra dollars i can make. If it goes up a little bit more there's more downside risk than there is upside potential, which is the easiest way that i can make sense of how and why i lock in profits it's all about opportunity cost when something becomes overbought. It's not just about how much more you can make, but as well as what the potential downside is and the risk that that comes at, and this is only a decision that you can make if tqqq meaning the nasdaq market.

If it begins to trade below the one hour ema again, i'm not saying that it will i'm not saying that it has to anytime soon i'm just saying that it's overbought enough, that it wouldn't be a surprise if it does if it does begin to pull on Back then, this is when we can begin to consider not now but consider, jumping into sqq, which is the inverse etf. This goes up when the nasdaq market goes down. This is a very, very risky etf. It's also triple leverage, but because the nasdaq market is so bullish.

This is riskier because again the directions normally not in your favor for a long period of time on sq. So if you are not good, if you suck at risk management and if you suck at bag holding, don't touch this etf, it's as simple as that. I don't like to sugarcoat things, especially not with that i'm trying to look out for you, but if you're someone. That's good at identifying price action direction and then you wait for proper confirmation.

Then this might be something that you might want to look into, because if we do begin to make higher highs and higher lows - and we approach previous lows on the nasdaq market, previous highs on sqq is a little bit over 20 roi. If it makes a full-on recovery, which simply means that all we would literally need is tqqq to go to the same lows that it was at before, and that would bring s qqq back to previous highs. Again, understanding overbought oversold levels and what goes up when the market goes down, that is the beauty behind trading in the stock market. Knowing what to trade and knowing when to buy when to lock in profit, and then wait when to wait for the next opportunity to present itself, if you're not going to be touching sqk as if you're a beginner, i wouldn't encourage it for you.

I would simply approach this in a very conservative way. I would have enough money left over that if the stock market does pull back you're able to load up on the good deals that you see when the market is oversold, that is the beauty behind preparing. It's not about trying to predict the future, but simply taking steps now in effort to prepare for it. So when the market does pull back you're not devastated you're, not like someone.

That's just sitting on your hands, hoping for the market to recover when the market pulls back. The only people that freak out are the people that did not prepare, because, if you think about it, when the market pulls back, that's when deals present themselves and that's the time that we want to buy. So we make money when it recovers. You either prepare or you get scared when it does end up holding on back.

So let me know what you guys think about that again, if you guys want to join us for my live trading session as soon as tomorrow, at market open again we're running one of our biggest sales uh ever really for learn, plan profit. 2.0. You get lifetime access, you get to watch me. Trade live every single day and you also get access to our 24 7 private learn plan.

Profit discord group, please make sure to message me down below. If you guys have any questions whatsoever, please consider dropping a thumbs up. Consider subscribing if you feel like we earned it and like always, let's make sure that we end the year on a green now. Take it easy team.