Hey, what's going on team, i wanted to quickly show you how i cleared a little bit over a thousand dollars on the day on. Ask you. I only have one sharon t i tend to carry always just one share of one or the other just to stay up to date. Uh and i really began to step on the house.

I just wanted to share my whole thought process behind the trade. Also, i'm gon na provide you with a quick uh little stock market update um. If you want to see today's live trading session friendly reminder, i mean i trade live every single morning with the learn plan. Profit group - it's at market open.

If you want to see my thought process behind it in real time, it's going to be the first link in the description. It's just a raw live trading session. You see my entries, you see the thought process behind it. You see me answer questions in real time.

There's no fancy bells and whistles it's just raw live trading every morning um. So one of the questions that i start the morning off with um - and i do this even during the pre-market session - is i begin to ask myself right. You know what is indicating signs of an uptrend. Is there a clear market direction uh and it's a little bit easier to see on this five minute time frame for t qqq.

Obviously, it's now much easier to see based off of how things played out, but i didn't have all of this data right all the data that i had on the one minute uh one day, one minute time frame was this right. This is all pre-market and i could see that as qqq was making a progression, it was indicating signs of higher highs higher lows. Yes, it would retrace back to the moving average, but it would establish a support level and it would continue to rally that's what i really liked about stq versus tqqq, which is the normal bull etf uh. This was actually getting rejected by the moving average.

I personally view the moving average to be a good indicator for just uh intraday direction and or if you look at the larger time frames for overall direction. On the big picture with that being said, i saw that this thing was bearish. It was making lower lows lower highs, but you never really know right. So one of the things, the steps that i took to like get some skin in the game, but not try to be too confident is.

I saw that sqq was bullish on the day. We actually talked about this yesterday in yesterday's video. I don't know if you guys watched it, but with that being said, i took a small position. I had about 2 300 shares and then the market opened it got kind of choppy, as it normally always does within the first like what was that 15 20 minutes whatever it was.

I really like 10 minutes and then it really began to indicate signs of an uptrend and then you'll see in the in the live trading session. It began to indicate signs of an uptrend. I began to step on the gas i began. To add.

More add more add more up to the point where i had 850 shares. It was my first trade for the day. Normally i trade with over a hundred thousand dollars on this trade. It was just under 30 000.

Why would i do that? Well, you need to understand right, the market just opened and just like when you're getting started, you kind of want to warm up. You don't always have to treat your trades like this. It's just a thought process that i tend to have is that every day presents new challenges with that being said, i don't, although i might have had a successful day yesterday, it doesn't necessarily mean that today, i'm going to approach it with the same mindset that i'm Going to be super focused and super effective, so what i like to do is i like to watch my position size, keep it under 30 and make sure that i stay effective, that my position is enough for me to take it seriously, but not so much that I become an emotional and irrational mess. It's not just if things go according to plan, but if things get worse, meaning that if things begin to go south for me, then i can take action.

Remember anyone can make money in this market. That's not the impressive part. The impressive part is when things begin to go south that you hold yourself accountable and that you manage and mitigate risk. I am more impressed when people hold themselves accountable on the worst case scenario than actually the plan going.

According to you know, plan i mean that's. That's the easy part right, especially if you know you just wait for direction to be in your favor. I took a light position. I averaged up when it began to go, you know, make these higher highs and then it took off.

Then i was able to break the you know 700 800, 900 and then now we're at the 1 000 mark. So now the question that a lot of people might have is well. Why haven't i sold? Why have i not locked in profits on sqq? What is my plan a question? You should always be asking yourself: what is my exit plan? My trades are never 100 perfect, i'm not going to pretend to be right, but with that being said, i always have a plan in place and what we talked about in yesterday's video and feel free to watch it we're at that same resistance level that we somewhat Wear yesterday, right, uh and or a couple days ago, i saw that because of futures trading sideways, i saw the potential to retrace back to the moving average on the one hour time frame, that is at lows of 57.50. That means i mean at this point.

We were still way up here. I saw a lot of downside margin for t q, q and because they're inverses of one another, the more that this thing pulls back, the more that this thing pulls pushes up. So it has about a six percent drop from when it started down to the moving average, which means that i have the potential to make about six percent on sqq. If it goes according to plan, which again it 100 doesn't always have to go according to plan.

So i'm sharing with you my plan. I am okay. With my 850 shares, i was going to average up. I was going to go in with 100 000, but as of right now direction, just isn't in my favor right.

If it breaks above, i can choose to step on the gas, i'm not too sure if i'm going to just yet and then i'll allow it to continue to run as we get closer to the moving average. I'm going to close out this trade today, i'm not going to hold sqk, i'm not about that. I don't want to. I don't care for the risk, i'm i'm okay, with taking it day by day tkq.

I would be more willing to hold overnight because it's more bullish than it is bearish, that's my thought process behind it. This is a riskier etf. I need to take that into consideration right. So with that being said, i plan to close it out.

I hope that it goes according to plan and that tq cube retraces, but if it doesn't i'm waiting for the break below on the five minute time frame the ema line. So if we begin to trade below 32 and 80 cents, that's where i'm going to choose to exit, so my entire position, i'll probably be up about 800 at that point, but i'm okay with that. I wanted to give it some cushion that it has enough room for it to move around, but not so much room that i give back all of my profits. So again i talked about why i saw value in it right direction was in my favor.

I talked about why i averaged up into it. You never average down you average up, because direction was in my favor, then i talked about my overall plan. What do i see here, which then correlates to what i see here right? I see more upside margin, but if things don't go according to plan as they don't always have to, this is where i prepare for the worst case scenario, and this is my encouragement for all of you guys. If you see value in it, it is so important that, when you're on top, when you're in the green, when things are going according to plan that that is when you prepare for the worst, it's very difficult when things are going south very quickly and for you To make an effective decision, you tend to make more impulsive decisions when things are going south, so i would rather you as as you're ahead of the game right now to to prepare and plan for hey.

If things go south, i need to exit at some point or another right, because you don't want to give back all of your profits. I don't know about you, but i don't trade to give it all back. Is that is that your goal, then why don't you have a plan right? It's not just hey! I'm gon na only sell if tkq retraces and if this thing hits 34 dollars. That's the only time i'll say well, i mean i'd love for that to happen, but i can't predict the future, so i need to prepare not just for the best case scenario if it hits 34, but also the worst case scenario.

Luckily, i've done well enough today that, even if, on the worst case scenario, i'll still walk away with a couple hundred dollars which i'm, which i'm very grateful for so again, i wanted to explain my entire thought process on the trade. But again, if you want to watch today's live trading session, it's the first link down below, and i mean that's pretty much what our learn plan profit team gets to experience every single morning. One of the things that i quickly wanted to talk about is this transition that we are currently seeing. Oil is as of right now pulling on back, which is actually quite impressive, yet the nasdaq market is also pulling back so uh.

There was this fed meeting in the morning. It wasn't a fed meeting. It was um one of the governors speaking at 10 in the morning and then that's when we began to see that big shift of overall direction, so please be in the lookout. So, although i'm shooting sqk, i would not encourage it for absolute beginners.

It looks like we're trying to retrace back to this moving average on the one hour time frame be careful, although that that's what i'm aiming for, if we break below the moving average, the nasdaq market can continue to drop and remember that if the nasdaq drop market Drops so do all of your tech stocks tesla apple facebook, they will all drop if we break below the moving average. So please look out for yourself stay up to date, where the nasdaq market is trading. This is of value to your tech investment and to your tech trades. It's not that you have to make an impulsive decision, but i need you to be aware of where we're trading and what our critical price levels that we are either trading above and or below.

So again, i hope that you learned something new in this video, if you guys did. Please smash that, like button and, of course, consider subscribing friendly reminder if you guys, like today's live training session, and you want to learn a little bit more about our learn plan. Profit group and joining us for every live trading session moving forward. That's exactly what the learn plan profit team gets to experience every single morning and that's that second link down below this will break down everything.

That's included with the a2z video lesson, library, the daily live trading sessions, the discord chat and, of course, you get access to our tech buds trading hq which is our office in chandler arizona. So if you guys have any questions, feel free to either comment down below or message me via instagram. Everything is linked in the description and again looking forward to seeing you guys for tomorrow's live trading session, and that's that second link down below. Like always, let's make sure that we end the year on green now.

Take it easy team.