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So I messed up today. What's going on guys? It's Ricky with techbook Solutions In today's earlier video, let me go ahead and actually just share with you. Um, overall NASDAQ Market In the earlier session today, we were showing signs of lower lows and lower highs. and when I was filming today's earlier video, it was actually one the NASDAQ Market was actively selling off, right? It ended up finding a support.

One thing I shared with the Lpp team is on the five minute time frame. Um, it was an almost perfect time frame. There's no such thing as being perfect, but again, if you look at this on the five minute time frame, it really slows things down. It shows the pullback.

It shows the break below the EMA. It shows the consolidation at this moving average. It validates support at the moving average. It continues to test this EMA And then we finally break above.

We begin to show signs of progress. We exceed previous highs, we make new highs, and then we consolidate and we're showing signs of, you know, consolidation of a slight resistance here. But nonetheless NASDAQ made progress. Um, and I never had confirmation of it right of the market actively selling off.

I was ready to short the market I had and there's no way that I could ever could have expected that Tesla was going to announce or be considered a AI company or an AI stock. I Don't know if you guys heard the news Tesla Pretty much carrying the market today. Uh, 10 on the day I mean congratulations to all of the Bulls Congratulations to Tesla investors today. Uh, there's one thing that I've noticed about Tesla and it's one.

good news comes out. it rallies and it's hard to stop that rally. I Don't think I've seen a stock in nearly the trillion dollar market cap that has such consistent you know, 10 or 15 percent days in the green, but then it tends to follow with a nice little correction shortly after the news is less relevant. The AI news has always been a very strong Catalyst but again I mean I Don't take it personally, right? I had an expectation of how I thought today could uh play out I was waiting for certain things for the NASDAQ Market to break below the moving average so I can short the market I Never got that confirmation and it ended up overall reversing and that's okay I don't I'm not correct 100 of the time I make mistakes every almost every single day when it comes down to my trades, right? But that's the beautiful thing about position size and not putting yourself in a position in which you cannot tolerate.

And this is also why it's so important to wait for proper confirmation, right? You can have all of the assumptions that you want, but if you don't take a trade until you get that confirmation, even when you're wrong. I Mean if you don't open up a trade, it's just the idea that you're wrong, right? And I think that's a great thing about being disciplined is you really can hold yourself accountable to avoid what could have been over trading today by entering a little bit too early, right? found a support here, ended up reversing, and then now when looking at this on the one hour time frame, uh, we're going back to kind of like re-test this range where NASDAQ was consolidating right around 377 to around 380.. So we'll see if we begin to show signs of progress, especially leading up to this: Wednesday There's the CPI data report I Just wanted to make a video, not just, um, recapping what happened today and what the Catalyst was and that was of course Tesla reporting or being reported as an AI stock. Kind of funny, but again, very convenient for the Bulls.
Um, and it is what it is, right? It caused the market to go up and it's I mean there's nothing else to it. It's as of right now, causing more buying pressure for the overall NASDAQ market and rightfully so. It's really good news for Tesla and we'll see if that follows into that CPI data report. Remember, there's no reason to over complicate it, especially leading up to that CPI data report.

You know it doesn't matter if it's a bull day or a bear day, there's always money to be made as long as we focus and respect one thing. and that's Market Direction So I'm really excited to follow up for that. CPI data report that's going to be released this: Wednesday September 13th at 8 30 A.M Just like I announced in today's earlier video, I'd be more than happy to host the live stream Uh, for this for free on YouTube All I expect you guys to do is drop a thumbs up, get this video to over 1000 likes and of course subscribe to the channel so you don't miss out on when it is that we go live if you have any questions about what we talked about today, if you want to share your success, your struggles, whatever the case might be I Hope you know you can always direct message me via Discord or via Instagram and that's the first or third link in the description down below. I Do Trade Live every morning.

You get to see my good trades. You get to see my bad trades. You get to see all of my entries and exits and my thought process during that live session. So if you'd like to check that out again, that's the second link in the description down below.

It's a one-time payment lifetime access and if you sign up today, you can watch me trade live as soon as tomorrow. So I Hope to see you there. second link in the description down below. And like always, let's make sure that we're in the year on a green note.

Take it easy team!.

By Stock Chat

where the coffee is hot and so is the chat

28 thoughts on “recap big mistake trading today…”
  1. Avataaar/Circle Created with python_avatars Jamie Jeff says:

    Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies… I would greatly appreciate any suggestions.

  2. Avataaar/Circle Created with python_avatars Maruf Rahman Texas says:

    Hi, Ricky, what type of moving average do you use? Simple or exponential? How many periods? Thanks.

  3. Avataaar/Circle Created with python_avatars BCreative12 says:

    🧸

  4. Avataaar/Circle Created with python_avatars David says:

    Why is WFC taking off?

  5. Avataaar/Circle Created with python_avatars Tan SpaceX says:

    Long on the TQQQ with tight stops here! With the imminent IPOs, the big boys are likely to pump up the market. Good luck!

  6. Avataaar/Circle Created with python_avatars BlueZaton says:

    I want to see you turn bullish at some point, can't be bearish forever

  7. Avataaar/Circle Created with python_avatars haider chowdhury says:

    You are honest and humble,I liked it.We all make mistakes but few of us admit it.Thank you ❤

  8. Avataaar/Circle Created with python_avatars Robert Johansson says:

    Omg
    Luckely I dont listen to an u tuber😅

  9. Avataaar/Circle Created with python_avatars Andrei Oprisor says:

    Still shorting a full blown bull market… there is no hope for this guy

  10. Avataaar/Circle Created with python_avatars underparhi says:

    ❤ Aloha Ricky thanks for sharing. Very new to your channel and investing. I think this helped more than following some of your better days. This showed me how important trade size is and that things go bad some times. It’s a part of investing that you must prepare for, accept, and get ready for the next one. Looking for new opportunities today! Have a great day

  11. Avataaar/Circle Created with python_avatars R S says:

    I would strongly recommend that you stop making those big alerts about what the market will do as this is highly missleading to unsuspecting beginner traders who may blindly folllow… it is better you label your videos as market reviews where you give your ideas…I would strongly recommend not to issue call outs and alerts like this.

  12. Avataaar/Circle Created with python_avatars AdamGamerYT says:

    Not all investment platforms offer the level of security that Cannafarm Ltd does. Experience their rigorous standards and enjoy peace of mind.

  13. Avataaar/Circle Created with python_avatars EntertainTurnON says:

    Not all investment platforms offer the level of security that Cannafarm Ltd does. Experience their rigorous standards and enjoy peace of mind.

  14. Avataaar/Circle Created with python_avatars Hola! Gaming Latest says:

    More and more companies are integrating cryptocurrency into their operations. Its actually interesting because it opens the door to investments. I would say its the new financial future. I recently started collaborating with Cannafarm Ltd, and it seems

  15. Avataaar/Circle Created with python_avatars victory victory says:

    In times of uncertainty, investing in stable industries is key. Explore the ever-growing medical cannabis market with Cannafarm Ltd!

  16. Avataaar/Circle Created with python_avatars Alexandra Flex says:

    I dont get the point of discussing ICOs or cryptocurrency arbitrage when theres an opportunity to invest in the medical cannabus industry with Cannafarm Ltd! It skyrocketed after the pandemic!

  17. Avataaar/Circle Created with python_avatars JoxT says:

    Learn from the mistakes of others who have lost money in cryptocurrencies. Invest in a tangible and growing business like Cannafarm Ltd!

  18. Avataaar/Circle Created with python_avatars NVT Vlogs - Trường Vlogs says:

    Wait, do you think cryptocurrency will crash? I dont think so. More and more companies are integrating cryptocurrency into their operations: Amazon, Cannafarm Ltd, Burger King, even Starbucks, dude!

  19. Avataaar/Circle Created with python_avatars Classic gaming With ZⱥheeR says:

    Ive invested $3,000 in ONS tokens. Lets see how they perform!

  20. Avataaar/Circle Created with python_avatars EmDotTwo says:

    Its a smart move to accumulate ONSCHAIN tokens at their lowest price and hold onto them for 6-12 months. The value has been steadily increasing every two weeks.

  21. Avataaar/Circle Created with python_avatars jeje anjeli says:

    Exciting news! ONSCHAIN will soon be listed on Binance.

  22. Avataaar/Circle Created with python_avatars Nasa Mala Klinika SLO says:

    What exactly is ONSCHAIN?

  23. Avataaar/Circle Created with python_avatars 2Bladezz says:

    If Binance endorses it, you can trust their judgment.

  24. Avataaar/Circle Created with python_avatars RYM Sound says:

    Are you keeping an eye on ONSCHAIN? Its on the rise!

  25. Avataaar/Circle Created with python_avatars Gacha anonymous says:

    Will ONSCHAIN really be listed on Binance?

  26. Avataaar/Circle Created with python_avatars 2HS MUSIC says:

    The price keeps climbing every two weeks!

  27. Avataaar/Circle Created with python_avatars الجربوع القاتل says:

    The news is out: ONSCHAIN will soon be listed on Binance.

  28. Avataaar/Circle Created with python_avatars ثغرة جديدة says:

    Hey, have you checked out ONSCHAIN yet?

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