So we just finished the live trading session. With my learn plan profit group i chose live every morning. I had a really good question uh. It was actually from one of our uh lady traders and uh.

She asked right so i made a video yesterday and i made sure that i made this video. Some of you guys might have seen it right after the market closed. I wanted to make sure that i didn't make this video during normal market hours and influence people to do something. That's definitely never the idea.

I wanted people to have time to think about it for the remainder of the day and then the next morning to make sense of what they think uh the overall market. You know tkq, is an example. Uh. The overall market was very overbought yesterday.

It had somewhat of a bullish stay, but it's still trading within that same overbought level. The same thing with tesla tesla pushed up a great deal yesterday, due to its news, and in that video i talked about the importance of locking in profits, and this lady asked me: why am i always so? Okay, with locking in profits early the idea of locking in profits early on amazon or i'm sorry on tesla when it hit highs of 1200 and the idea of locking in profits early on tkq at 170, when it could potentially go even higher. And i want you to answer this in the comment section, how many times and - and i i'm saying this because i've experienced this myself, but how many times have you taken a trade things are going according to plan and i feel like it's more beginners that do This i still make this mistake today from time to time. I'm human right, no such thing as a perfect trader, but the mistake of my goal is to make a hundred dollars i'm up 95 on the trade and although the stock might be indicating signs of a resistance level, meaning that it's struggling to continue to make higher Highs, i am so obsessive about making and hitting that 100 milestone that guess what i choose not to lock in profit - and i put my trade at risk - think about this - to make from 95 to 100 to five dollar difference right to make an additional five dollars.

I am risking 95. How does that ever make sense? So the way that i responded to this is think about this. Make sure that the actions that you make today are something that align with your goal in the future right. So, if you're deciding and choosing to not lock in profits because of this made up goal and figure that you have in your head, you're literally setting your future self up for failure, because, if you're losing.

If you go from a green trade being up 95, it gets rejected. You don't lock in profits for those five dollars that you were hoping to make to hit that 100 and then the stock pulls all the way back down back to its support level. Now you're going for now you go from green to red. You just now wish you can lock in profit at the 95, when you simply could have done it when there was indication of resistance level and now you're, just hoping that the stock recovers.

So you can get out in the green and think about it. It could have been a very simple step that you would have taken of locking in profits when there was indication of a resistance level, because why the idea of locking in profits should not be based off of how much you're up or down on a position. But it should be based off of the stock's performance and the price action. If i see that the direction is no longer in our favor and it's beginning to indicate signs of resistance level.

That means that i have to do something about my position: either reduce position and or not be afraid to lock in profits, regardless of how much i'm up or down - and i know that, at least in my experience that may be yours. The obsession of looking at your p l on the day or your p, l on the open, how much you're up and how much you're down sometimes does more harm than good, because it influences you to kind of make a decision based off of how much you're Up and down again how much you're up or down is irrelevant to the trade and to the stock market itself. How much i'm up? How much i'm down, regardless of how much money i have invested, is insignificant to the overall opportunity. So what do you think is most important big picture, the action of locking in profit at indication at overbought levels or at a resistance level, or trying to make five or ten more dollars or whatever the dollar amount is to get you to that milestone? At the end of the day, i know five years from now, i'm not going to care about those additional five dollars that i potentially could have made.

What is going to matter five years from now is the action and the best practice that i implement on a daily aspect of locking in profits when it makes sense, not just when i want to, but when it makes sense. And again, we have a lot of people talking about our swing trading challenge for 2022. We a lot. We have a lot of people that are working towards 2022 being their best year.

How can you work towards having the best year of your life when the habits that you implement on a day to day have not changed from the year prior? If you want to work towards something that you've never had, then you need to do something that you've never done right. The beauty behind not not massive changes right, but how little action over a long period of time consistently can end up, leading to a big difference or a big end result at the overall end. So i'm very excited that we're able to lock in profits at overbought levels, not just for tqq but for tesla right. What? If it continues to go up yeah, i might miss out on it, but guess what i can always jump back in.

If the opportunity ends up presenting itself. We have a saying within our learn time, profit group and it's no one goes broke by locking in profits. So how do i justify selling early? Because i understand big picture? The action of selling early is better and i'm better off than the action of selling late, and that's what i wanted to share with you. If you guys are excited to kick off 2022 on the positive note, you know first off feel free to get connected with me.

You guys can subscribe to the youtube channel. I upload new videos every single day and you guys can follow me on instagram and that's that second link in the description. You heard me talk about them in this video. It's the learn, plan profit group and they get to watch me.

Trade live every single day. The group that i work with on a closer basis - and i get access to all of these - you know thought, process and and structured videos that we have now available within learn plan profit. 2.0. If you want to learn a little bit more about it to see if the learn plan profit group is a good fit for, you click the first link in the description and join us tomorrow at market open for our live trading session.

I hope that i earned your thumbs up. Please consider subscribing and, like always, let's make sure that we end the year on agree now. Take it easy team.