Hey: what's going on team, it's ricky with tech, but solutions and a couple uh answers for questions. I've been getting in the comments section, so, first off another fake out right at market open, the market begins to indicate sign of an uptrend. You guys can see what the overall nasdaq market market begins to push up and then all of a sudden gets rejected later throughout the day. This has happened for the past two days.

Today is the third day right. What i do want to talk about is, i talked about an etf yesterday, uh i showed that i was up over two thousand dollars yesterday alone and on the day today, i'm up another 300. So it's not very much uh. Overall, i'm still up over a thousand dollars uh and it's going good, but one of the things that you need to understand is first off one of the things that i love to repeat is if you're a beginner, if you're someone that doesn't know when to lock In profits stay away from sqq, i'm telling you this as someone that's trading this, i don't need you to jump into it.

I don't care for you to jump into it. Look out for your future self based off of your actions. Sqq is a risky etf. It's triple leverage, meaning that when the nasdaq market goes down one percent, this thing goes up.

Three percent and the reason that that's so important is because, yes, it's great when the market's dropping you can kind of hedge, your position by going into sq, but sqq is not a stock where you want to get greedy with like this is not a stock. You want an etf, you want to hold for a long period of time. Sqq decays, i mean not only just decays, but it's more bearish than it is bullish. Look at the past, you know uh.

What's it called 180 days, it is a continuous descending pattern. This is simply not an etf or a stock right that you want to hold for more than a couple of days, in my opinion, right one two three days right like know when to lock in profits and kind of just like okay, that that that's a risky Trade - this is not something that you want to be greedy with. A lot of people were like really, i guess, inspired based off of yesterday's video uh since the nasdaq market pulled back yesterday, they're, like oh man, like i want to jump into sqq like you need to understand the the reason i share. That sqq position is because i want you to know how you can make money when the markets pull back.

I think that's important that information is important, but it's also very important to know how to do so and to understand that the market is more bullish than it is bearish. So yes, although that for one two, maybe three days as the market pulls back and corrects itself to about the moving average sqk is a good run right, but other than that i don't want to hold sqq for a long period of time. So today will most likely be my final day and even if the market drops even further well ricky, you could have made more. That's not where i want to really.

You know, take my chances, it's not about. Oh, i could have made more it's not about that. I'm just hedging my position as the market pulls back. I can make a couple bucks right.

That's all, but please know how risky sqq can be if you don't know how to lock in profits. If you are someone that gets greedy and doesn't lock in profits with stocks like sqq that are more bearish than than bullish stay away from it, it's that simple right. We can look at t qqq, which is the bull etf. This is, and this also decays over time, but its performance has been crazy.

Look at this from the bottom of the pandemic, right to overall highs. This thing hit over nearly right, uh, almost a thousand percent. It's insane! It's it's great growth, but think about that. That's the bull etf, not the bear.

So, yes, you can hedge your position with sqq as that's the bare etf, but don't take your chances in being greedy with something like that know when to lock in profits, know when to pull out and when enough is enough. Understand that direction is your friend, so don't over complicate it right. I just wanted to make sure that you guys understood what i meant when i was going in to ask qqq: it's not a swing trade. For me, it's not something that i hold for weeks right.

It's something maybe for a couple of days, if that and that's all and then i'll lock in profits, and i won't touch it, i don't care if it sells off even more. I did a really good job. Shorting tesla today, yeah tesla could potentially drop below the ema. I also didn't take my chances with tesla.

Yesterday i made four thousand dollars: shorting tesla uh. Today i made seventeen hundred now. I only have five shares shorting tesla, but before i had what uh over a hundred shares at a hundred thousand uh today, i had only thirty shares is how i started off the morning during our live trading session um but yeah. I i like to do things in in a tasteful way right i like to have some skin in the game, but with moderation right.

I need to always understand that the direction is my friend and although the markets are pulling back right now, i don't want to get carried away. I don't want to get greedy because i know that the markets are more bullish than they are bearish and i'm excited to buy the dip and go long on a lot of these blue chip stocks right, i'm excited to buy facebook, i'm excited to buy amazon shorting. These stocks and going into sqq or just for a couple of days as the market is a little bit more in the red, and i just wanted to make a video showcasing how you can make money right while the markets are pulling back. But the important part is knowing how to do so, especially in an effective way and not being greedy.

So let me know in the comments section what you guys think about this um, i'm very very excited to uh, follow up and to see where if the market continues to sell off or if the market begins to recover, please don't over complicate it. If you're worried about the market pulling back like this happens literally every two months, if you guys look at the overall nasdaq market, this happens every two months. You should not be worried. This is, if anything for long-term investors a great time to buy, to benefit from the recovery.

That's where the real money is made, so i'm very excited to load up when we begin to identify a support, level, uh and then ride back the recovery as the market tends to be more bullish than it is bears again. I explain all of this during my live trading sessions. If you've never watched me in trade live, if you like, the way that i break things down, i'd love to invite you to one of our live training sessions, you guys can click the first link in the description. It's our learn plan profit group they're.

The only group that i work with on a closer basis, i offer nothing else. It's only learn plan profit they get to watch me. Trade live every single day at market open, and it's and it's just that simple right. So if you guys want to learn more about it and see if it's a good fit for you, first link in the description other than that feel free to subscribe to the channel and make sure you drop a thumbs up.

If you feel like i ended. Like always, let's make sure that we in the year on our green note, take it easy team.