The stock market is approaching previous highs so I began to sell everything at these overbought levels. I tend to sell early but my focus is to lock in profits!
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You guys think that we should start a trading challenge for 2022. What's going on team, it's ricky with tackle solutions. I hope that you guys are all having an amazing and blessed start to the week right. So market performance is absolutely insane today.

Congratulations! How many of you guys remember a couple days ago when the market was selling off remember when everyone was freaking out all i ever liked to do. You guys should know this from all of my videos. I love to buy when the market's pulling back when everyone else is selling. I love to make videos about why it's so important to buy the dip when everyone else is uncertain, because we make so much money when the market recovers.

Look at this, and just what is this three four days from when the market hit lows: this is a nasdaq etf. It hit lows of 142 and right now, it's at 172., that's over 20 20 in just less than a week right. Merry christmas happy holidays happy new years what an amazing performance, so i wanted to talk about um. Well, as you guys can tell i sold all of my tqq position.

I viewed tqq now to be a little bit more on the overbought side. It's one of the things that i really like to do, and also with facebook right. I sold 75 of my facebook position at 3 45.. I bought facebook at 300 um.

If you are part of the learn plan profit group you got to watch me. Trade live every day right. I talked about buying the dip and then averaging up into it. My last time i averaged up was at 330 dollars and then it pushed up today at 345.

i sold 75 i'll talk a little bit about that in just a little bit. Also, where are all of my apple investors or apple swing, traders apple sold off, guess what i did. I bought the dip with a portion of my position, size it broke above ema i stepped on the gas it pushed up today approaching previous resistance levels. Do you guys see that patterns tend to repeat themselves, they don't always have to, but guess what apple's bullish so when it buys when it pulls back, i buy the dip, i add more to it when it begins to recover, and then i sell when it approaches.

Previous resistance levels - that's how simple i like to keep it. So everyone has been asking me: ricky start a small account trading challenge. I don't want to do that. It's not worth my time as a lot of you guys might know.

I have a newborn coming if everything goes well, you know uh. Thank you for all the good wishes as well. My baby is expected to be here mid january. If you guys didn't know um, you know yeah we're expecting to have a baby mid-january of 2022.

Super excited about that with all the different businesses that we have going on with just my trading with the learn plan, prof group, with a baby girl that i'm bringing into this world. You really think that i want to start trading with a very small account. No that wouldn't be worth it, and i really don't think that would be a value to you. What i do think would be a value is what, if we set up a challenge right for all of my learn, plan profit traders that are watching this video right now.
Let me know in the comments section and make sure you drop a thumbs up. If you want me to do it, what if we start a challenge that i trade no more than three stocks at a time, i start with a decent balance: nothing crazy, but a decent balance and only focus on swing trading no day trading, and this will be A true reflection, because my only goal for this account for this new account that i would open up for this challenge is to beat the market performance on average, which is 10 a year. So imagine this let's say i start with 25 000. I could only trade three stocks at a time.

The reason that i want to do this is, i have seen so many of our learn - plan profit traders. I want to use ricardo as an example. He actually just sent me this first one thousand dollar day, thanks for everything at the end of the day, no one owes me anything. It is your hard work that you are putting in right now that is paying off.

He made his first 1 000 day off of trading tqq people, love to you, know trade hyped up, lower cap stocks, hyped up, you know meme stocks, i mean i love day trading, that's never going to change! I love day two and i'm going to continue to day trade live every single day, but how cool would it be to start a trading challenge with a different account right and only focus on a handful of stocks and keeping it super simple buying the dip when Everyone else is selling and selling when everyone else is buying at overall highs. Just like i'm doing right now right. A lot of you guys have been messaging me right now on both instagram and if you're part of learn plan profit in our discord group ricky. What do you think about tqq? What do i think about apple? What do i think about facebook guess what my job is? My job is to buy when everyone else is selling at the lowest price, it's to step on the gas and to buy more when it begins to indicate signs of a recovery.

And then, when we're approaching previous highs, guess what my job is. My job is to not be gradient to lock in profits, and i want to so. Yes, i have sold the majority, if not all, of my blue chip stocks as we approach these overbought levels. Let me say this very clearly: just because i sold does not mean that you should sell, the market can and often does continue to go up.

All i ever like to do is when the market's overbought i like to prepare for the next dip, i'm okay with missing out. If it continues to push up to 180 to 190, i'm okay with it. I can continue to day trade it, but when it comes down to my swing trades, i like to keep it simple, and i want to keep it simple. That is my challenge for 2022..

If you guys want me to start a trading challenge, so you guys can, let me know in the comment section drop a thumbs up smash that like button, let's see if we can get over a thousand likes, and i would like to start a trading challenge not About account size, i don't care about that. That is so different. Everyone starts with a different balance. I want to start a trading challenge for all of our students out there for all of our full-time employees, for all of our full-time workers, for people that have things going on that can't day trade.
But the challenge is to beat market performance, which is 10 a year, and to do it in a very simple way, and you know how i think that i can do it again. This is just me, this is a goal right. I want to showcase that i can do it with just trading a handful of stocks because tqqq, just like you saw for richard it's a great example. If we look at tqqq year over year right, if we look at it from where it was last year right december, what is this? Let's do 29th with, where we're at right now year over year 110.

Just imagine that right think about all the stocks that you've day traded think about every stock and every trade that you've taken. If you would have just held this one etf, it went up not that you should i'm not saying that right, but this gained 110, and it does this. It does this year over year, right continuous, overall uptrend pattern. Yes, it does decay over time.

The ctf is definitely not for everyone, but what i'm here to showcase - and what i want to showcase within this trading challenge, is that i can, with a very simple approach, beat the market on average this year market went up over 20 so because of that, you Know my goal this year would have just to beat that right. So let me know if you guys want me to start that trading challenge. I would be making it exclusive to just the learn plan, profit group, but again that's the group that i work with every single day. I would love to kick start that challenge and then maybe on youtube uh once a month, you know show you guys.

The overall results and progress updates, but within the learn plan profit group i can post you know weekly bi-weekly, updates on what stocks i'm buying, where my alerts are at, where i plan to average up. If i have to reduce position size all that i can even make a specific video just for this trading challenge, but you have to let me know in the comments section make sure you subscribe, make sure you drop a thumbs up and, most importantly again, if you're Ready to join our learn plan, profit group, and if we kick start this trading challenge, i'm going to put a special coupon down in the description for you and it's going to be one of our biggest sells ever it's a one-time payment. You get lifetime access, especially if you're trying to kick off the new year. On a green note, let's keep it simple: let's be effective and work with those that empower you to be the best version of yourself.

So again, one of the biggest cells ever first link in the description, and you can even see me - trade live as soon as tomorrow at market open. I hope that earned your thumbs up. Please consider subscribing and like always, let's make sure that we in the year on our green now take it easy team.

By Stock Chat

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31 thoughts on “time to sell everything”
  1. Avataaar/Circle Created with python_avatars Montreal Money says:

    please make this trading challenge…thank you

  2. Avataaar/Circle Created with python_avatars This is Tru says:

    Yes, trading challenge please!

  3. Avataaar/Circle Created with python_avatars OPUS UNO says:

    As someone who owns a business I would love to follow the trading challenge.

  4. Avataaar/Circle Created with python_avatars Riot Chow says:

    Yea u should start the challenge your videos have been real helpful

  5. Avataaar/Circle Created with python_avatars Noah Vasconcellos says:

    Yes plz do the swing trade challenge🙏

  6. Avataaar/Circle Created with python_avatars Zhao Bin Yu says:

    Please start the new challenge, it will very helpful!

  7. Avataaar/Circle Created with python_avatars otis holiday says:

    I thought you were a virgin Ricky?

  8. Avataaar/Circle Created with python_avatars Benjamin Clemente says:

    Congratulations, your gonna be a Awesome great father

  9. Avataaar/Circle Created with python_avatars Sandra Henderson says:

    Although I would love for you to do this challenge, you are going to have your hands full with a newborn and emotional girlfriend who is going to need you. Maybe do this challenge with your little one is 6 months old.

  10. Avataaar/Circle Created with python_avatars Steven H. says:

    Can you create a new channel for learn plan profit members if and when you create that challenge. Maybe where its a read only thread and quick summary on why you choose certain swing positions so new members like myself could understand your logic. Big THANKS Ricky!

  11. Avataaar/Circle Created with python_avatars Snak8y8s says:

    Lets do it! Make the 25k 3 stock challenge happen. Including some shorts

  12. Avataaar/Circle Created with python_avatars Vivian Kwok says:

    Happy Holidays to the best trader👍🌷🎄🎁

  13. Avataaar/Circle Created with python_avatars Fabian Rojas says:

    Yes for challenge. I'll join ya

  14. Avataaar/Circle Created with python_avatars dean lahlou says:

    Yes I think we all love the swing trade challenge but like you Suggested maybe just two or three stocks that way it’s not confusing for a lot of the newbies.. preferably cheap stocks so everyone can participate thanks bro 🙏👍

  15. Avataaar/Circle Created with python_avatars Investing, swing trading, day trading says:

    Ricky: You should open a 529 account or regular trading account for your daughter's college. Giving it time to grow means funding it with less and letting time do most of the work to grow the account.

  16. Avataaar/Circle Created with python_avatars Wayne dixon says:

    I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.

  17. Avataaar/Circle Created with python_avatars Umar Shakeel says:

    Let's do that challenge Ricky

  18. Avataaar/Circle Created with python_avatars Realeyes You says:

    That would be amazing bro! Under 25k account myself swing trading is what I’m mainly focusing on!

  19. Avataaar/Circle Created with python_avatars Karen Jessup says:

    Yes, Yes, Yes. I love swing trading. I have a home daycare and can't always be watching the Market. I am able to watch your live trading in the morning. Been with LPP for a few months now. Love your style.

  20. Avataaar/Circle Created with python_avatars eurobabe says:

    yes, would love a swing trade challenge. 20% overall growth or more a year 🙏

  21. Avataaar/Circle Created with python_avatars Carlos Asensio says:

    what about sqqq right now small position

  22. Avataaar/Circle Created with python_avatars Omar Wael Mohamed says:

    what is this application/website?

  23. Avataaar/Circle Created with python_avatars Elizabeth M says:

    Really like the swing trading idea

  24. Avataaar/Circle Created with python_avatars Elizabeth M says:

    Great news about your baby girl. Congratulations😍😍😍😍

  25. Avataaar/Circle Created with python_avatars Whitney Love says:

    Love the swing trade challenge. Would like to see a low cap, mid cap and large cap if possible

  26. Avataaar/Circle Created with python_avatars Johnathan Brodski says:

    Let’s do this challenge, great idea!

  27. Avataaar/Circle Created with python_avatars Ryan Greathouse says:

    love the swing trade idea. i swing trade more than day trade.

  28. Avataaar/Circle Created with python_avatars Julian says:

    i would love a channel dedicated to this challenge!!

  29. Avataaar/Circle Created with python_avatars Law Enforcement says:

    Yes, market performance, swing trades

  30. Avataaar/Circle Created with python_avatars Don says:

    100% for the trading challenge

  31. Avataaar/Circle Created with python_avatars Pao says:

    Would love a trading challenge. Look forward to it! Ty

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