Hey, what's going on? Team: It's Ricky with techbook Solutions here with a super quick stock market Update: Hope that you guys are all having an amazing Friday and I Want to explain why the market is indicating signs of an option? So first off, we saw a nice little Gap up during that pre-market session. Why? why? Well, we talked about it yesterday. There's non-farm payroll reports, non-farm private payroll reports, and the unemployment report that was all released one hour before the market opened. If you guys didn't see that video, I Literally uploaded a free video on YouTube making you guys all aware in advance that yes, the market could shift based off of what was reported.

So I want to break down what was reported? The expectation was 210 000. The actual was 223 000. that's good for the economy, bad for the Federal Reserve 220 000 was reported. For the non-farm private payrolls.

the expectation was 220k. Again, more than what was expected. Good for the economy, bad for the Federal Reserve unemployment. That's the part that was kind of baffled.

Unemployment actually went down. Uh, not much of a surprise based off of what was reported yesterday with the initial claims and continuing claims both going down right? So if people are not filing for unemployment, it most likely means that they either got a new job and or less people are being fired week after week. And with that being said at least for the month of December, unemployment went down. And remember the Federal Reserve wants in 2023, unemployment to be closer to 4.1 percent and we went from 3.7 to 3.5 So this is kind of like where it was a little bit different.

Then at 10 we saw the Ism Non-manufacturing Index and this is where the market actually began to take a shift. We were actually trading live with my Learn Plan Profit Group When we began to see this shift uh, expectation was 55. The overall what was reported was 49.6 so again, lower than what was expected. That's bad for the economy, good for the Federal Reserve.

So what exactly is going on? Well, if you see again, once those unemployment reports and the non-farm payrolls were released, you could see that the NASDAQ Market actually began to indicate signs of an uptrend. We announced it within our Learn Plan Profit Private Group chat. We peaked at 17. That shouldn't really be much of a surprise because if you look at this for the past couple of days, we've really been struggling to break above 17.

So it makes sense on why I began to trade there. but then right at Market open, we went back to retest it. Still a valid resistance and then we sold right Back off. we retested this previous support range and that's actually where I made a mistake.

I was up a decent dollar amount because I bought during the original dip of the non-farm payrolls on the unemployment report, it began to Rally I was up a decent dollar amount I didn't lock in profits. It went back to retest during our live trading session. This is one thing that I recapped with our Lpp team is: Not only did you know not only am I like oh yeah I'm super happy I you know I'm up a good dollar amount right? It's not just about you know oh I had a successful trade but it's always asking myself that question of like what could I have done better I would be up over 35 000 Uh, if I would have locked in profits, allowed this thing to sell off dollar cost average into this reversal and then locked in profit again I've reduced my position size I left myself with 5000 shares as of right now I went from over 25 000 shares to now only 5 000 shares. Why? I view it to be a little bit more on the overbought side I see there to be down 10 potential and well, for the past couple of days we haven't really been indicating much science of an uptrend.

So if we break above the moving average and actually begin to make some higher highs and higher lows, remember I can always get back into. That's one thing that I always want to remind you is I can always get back in I don't have to sell my entire position but I want to stay light enough for worst case scenario, at least that's the way that I like to approach the market and a little bit more of a conservative way to take risk management into consideration. I Think one of the best ways to manage your risk is to manage your position size and anytime that you're overbought or uncertain. Again by keeping that position size smaller in comparison to what you fully trade with or fully invest with, then it can put you in an effective position, right? Because if I was fully invested and then this thing begins to aggressively sell off, how do you think I'm going to feel? Well, I might feel a little emotional I might feel a little indecisive, a little flustered, a little discouraged a little.

You know all. I might feel a lot of different ways. Why? Because I'm giving back a lot of the profits I Already made just like I did on my original mistake. Remember I'm not perfect and you're not perfect.

None of us are ever perfect, right? Our job is not to be perfect. Our job is to learn from our mistakes. And when I made that mistake of not locking in profits at 17 originally and then it sold off to retest that support level, it was made very clear to me that next time if I do get another try right around that you know 17 resistance that I'm not going to hesitate to lock in profits. And that's exactly what I did during my live trading session.

I mean this entire trade was caught within my live trading session. So I'm excited to see what actually happens. Do we make higher highs above 1730 and on that one hour time frame finally begin to trade above? Um, you know, the one hour moving average or are we going to get rejected and then drop right back down to 16 a share? I'm hoping for the best, but I'm preparing for the worst, right? My position size is prepared for the worst case scenario. and if an opportunity does present itself and it does begin to make higher highs, then guess what? I will dollar cost the average into it and I won't be afraid to take advantage of an opportunity if Direction and momentum are in my favor.

But one last thing that I always want to leave you with is you know I get asked all the time of like, well when do you know when to lock and profits? Either when you hit your goal and or you begin to ask yourself a question of when is there a lack of progression Any open position is a position that's open to risk and if there's no more, Progressive direction is no longer in your favor. If this thing isn't actively making and showing signs of higher highs and higher lows that you leave in an open position is a position that's going to be open to risk, right? Because anything can be released, the stock can aggressively sell off, and you give back everything that you just made right. Keep trading simple in 2023. Learn from your mistakes, right? So a reflection is just because you end up with a grain trade does not make you a great Trader right? You could Implement bad habits and still end up with a successful green trade? It's all about even on your green or on your red trades that you always ask yourself what could you have done better or is what? I did you know actually right? I Can have many red trades, but they can actually be healthy rent trades In the sense that I took advantage of an opportunity, you know things went South but I managed and mitigated my risk right? That's still a successful habit I Will never be perfect I Will never be able to avoid red days.

My job's not to avoid risks, My job is to Simply manage it. So if you have any questions again, these are all the concepts that we break down with in our learn plan Profit lesson. Library We are running our biggest sell I Trade live with them every single day so it's a one-time payment. lifetime access.

You get access to our A2Z video Lesson Library our daily live trading section. So not only do I just you know, hey, look I made twenty three thousand dollars today. It's not about that. How cool would it be to be able to watch me trade live and see what it took to actually make that money, right? That's exactly what we cover within our daily live trading sessions.

We go live right at Market open and if you want to be able to watch me trade live as soon as Monday the next time the Market opens, then the second link in the description will not only provide you a huge discount to our biggest sale 150 off, but you get access to everything our private group chat, and also the tech. But HQ it's all included one-time payment, lifetime access, and yes, right now it's 150 off. So if you've been waiting to sign up, that's that second link in the description down below. Friendly reminder.

A lot of people were commenting on my day trader aluminum art. so you guys can see this back here. So if you guys want to pick up some day trader aluminum art again, this is all available at Shoptechmeds.com I'm going to link it in the fourth link down below and you can set your office or trading setup. Uh, just like mine, it looks like we have four left in stock.

so if you have any questions, feel free to reach out to me. Just wanted to make sure that you were aware of what just called to the market to be volatile and as of right now indicate signs of an uptrend. So I'm very excited to follow up and remember I am using the Weeble trading application. If you want to use the same application.

that I'm using to trade, that's going to be the fifth Link in the description down below. When you deposit 100, uh, you will earn up to seven free stocks and again, that's that fifth Link in the description down below. Like always, let's make sure that we end the year on a green. now.

take it easy team!.