So is it time to buy more with this stock market? What's going on team, it's ricky with tech, but solutions and a lot of you guys should have seen that today was a little bit more red than it was green, at least when it comes down to tech uh. If you're investing in something like uh, the overall like financial industry, you guys could see something like jp morgan, uh performed very, very well. It's nearly approaching 180 day highs. I also looked at bank of america nearly at 180 day highs and even something like goldman sachs.

It's indicating signs of an option. It was. It was a very, very good day, uh for the overall financial sector, but for a lot of people that are invested in tech. Like myself, one of the videos that i made, i believe it was on friday, uh, either friday or thursday.

I talked about having a big position on the overall market and it's because the overall nasdaq market, which again has a big focus on uh tech, so ix ic. You can see that this is the nasdaq index. Uh nasdaq has been selling off. So i began to invest in uh or, take you know, decent sized positions in companies that i saw value in i bought into starbucks i bought into twitter.

I bought into uh companies like nike uh p-t-o-n, and it's not that i bought at the best price. It's not what i'm here to say right. This is when the market was pulling on back. One of the things that i love to do, and i'm sure a lot of you guys can agree is you know it's great when the market is bullish and when it's peaking right, like everyone feels like they're, unstoppable and on top of the world, but it's during These times, right, when we're very green and very bullish that i like to prepare for these pullbacks, so it was great to be able to take advantage of the decent deals, and why did i not buy more as of right now? Well, if you look at this on the four hour time frame, we're so so close to be able to be trading back above ema, uh and indicating signs of an uptrend right, i'm all about buying the dip.

But it has to make sense when i want to add more to my position, size and instead of adding more here, where we're still trading below ema and not really indicating signs of growth like regardless of the indicator. It's the price action that matters right, the direction that matters and today was kind of just like uh. Whatever day uh, it was down half of a percent. Obviously it's not! It wasn't even that bad.

I looked at the s. P. 500. I looked at the overall sp, why, which is a bull etf for the s p 500, and that was down a little bit today.

Today was kind of just like a a leveled out day uh, but the reason i have such a big focus on something like the nasdaq is. I wanted to kind of ask myself with these companies that i'm potentially wanting to buy more of right, twitter, roku, pinterest, paypal, pton amazon. All of these right have you guys even looked at something like facebook right, uh facebook. With that little bit of a pullback, i decided to take a position on facebook, but does it make sense to buy more now right what if things get worse, and it's not that i expect the market to get so much worse, but you know just a couple Days ago we were really testing the support level at the sma line, uh for the overall nasdaq index right, and i just want to make sure that i don't get too excited, as this happens from time to time, and i'm sure a lot of you guys can Agree with this is that you know controlling my position, size and controlling my emotion and action.

I need to make sure that i set my future self up for success so instead of just blindly buying today, where it would have not made much sense because we're not indicating signs of growth or an uptrend or recovery. I want to prepare that if things do get worse, leading up to this upcoming week with all these different conferences that are set to happen, you know, can the market pull back even more, can things get just a little worse and it's not that you have to Freak out like this video is not for that. This video is just to encourage you that you know yeah. Of course, we can continue to sell off.

Of course, we can make these lower highs and lower lows, but guess what the nasdaq market is so so bullish over the big picture. So why focus or why scare yourself over a very short period of time? If anything, you should get excited who likes garage sales who likes sales in general right, especially if you're trying to invest and hold for a long period of time. You should get excited when the market pulls back. It's an opportunity to take advantage of good quality companies.

Buy into them at a discounted rate and ride them back as they recover these happen all the time and guess what more often than not the market recovers. It sells off and the market recovers, and then it pulls back and the market tends to recover. So i would love to be able to take advantage of these deals, but i need to make sure that i don't just buy in just whenever i want to, but when it actually makes sense, so i'm excited to follow up. You can see my series of alerts over here.

I have some alerts down here if we trade below the sma line, but i want to anticipate a potential pullback, so if it does present itself, i at least have money left over where i can double my position and then really make the difference on that margin Of potential recovery, i also wanted to update you guys on one of my positions on amc. This is not for everyone. This is for the people that have been following me uh, but i wanted to not only show you my green days, but i wanted to show you a red day. I actually feel like.

I did a really good job. You can. Let me know in the comment section: this is not for people that are holding amc. I don't hold amc, i'm not here to pretend that i'm holding amc um a lot of people like when i share my position, because i don't just talk about my trade.

I show it here you go. I have 2 400 shares nearly a hundred thousand dollars into amc, and i'm only down 1400, and by only i mean i did a really good job day trading it today. You can see that right away at market open, i sold at the highs at 40 dollars and 56 cents, 40 and 34 cents. The learn plan profit team saw me lock in my uh profits on those 1 000 shares, and then i began to buy the dip right i bought bought and then guess what it began to indicate signs of an uptrend.

I don't hesitate to sell at overbought levels. So when it approached 40.39, i sold a thousand shares right away. It pulled back again another dollar and i loaded back up with those thousand shares. So i feel like i did a really good job being able to buy the lows, sell the highs, but would i recommend anyone to buy the dip on amc? Well, not really.

It's indicating signs of a descending pattern. It's not really indicating signs of growth. This is a riskier trade and again, if you're someone that's just getting started, this is probably not a stock for you uh. If you're someone that can manage and mitigate risk, then again it might be a little bit more up your alley, but just as of right now the direction's not in your favor.

So i just wanted to make sure that i again update you not just on my green days but of course on my red desk, because even on my red day like this right, where i have a pretty heavy position. But i'm not down very much based off of percentage based off of how amc moved, and it's because i was able to on. If you look at the five day, uh the five minute time frame, i was able to sell the highs by the lows, sell the highs and it still sold off so again, i'm still down on it. But i did a really good job balancing out my position.

So i just wanted to update you guys on that, so i appreciate you guys time. I wanted to ryan you guys that you guys are all amazing when it comes down to again being able to stay cool common collected when the market pulls on back. It's those that are surprised and that are not prepared for market pullbacks that get upset. No one gets upset when the market pulls back.

If you are prepared, it is simply another time to be able to take advantage of those good deals and then ride them back. For the recovery you need to understand the big picture. The market is more bullish than it is bearish and yes, we might enter these bearish moments or there might be bearish sentiments for a short period of time, but it's only a matter of time for it to recover. So just put yourself in a position to succeed.

Watch that position size and again make sure that you do your part investing in good quality companies, if you guys have any questions, comment that down below don't forget to subscribe to the youtube channel. I hope that i earned your thumbs up if you guys want to join our live training session tomorrow at market open, make sure you click that second link in the description until then, like always, let's make sure that way in the year on agreed now. Take it to the team.