So americans can't afford gas prices, but yet congress thinks it's a good idea to give themselves a 21 ridge. What's going on team, it's ricky with tackle solutions. I hope that you guys are enjoying today's market. If you are destroy that like button, one of the things that we quickly want to talk about is: why is the market going up? Well, supposedly, investors are you know, anticipating or have already anticipated interest rates, but just yesterday the market pulled back because we were bracing for these interest rates.

It's literally so much baloney right the market overreacts and then tries to recover. Please do not get too excited if the two months of the previous two months have taught us anything. It's that right now is not a time to get too confident, especially as the market for the past two months has been more bearish than it has bullish. So with that being said, i am locking in profit at any time that you know whatever it is that i'm trading looks a little bit more on the overbought side.

Yes, i do have a habit of locking in profits early, but let's be honest, if we were to look back in the past even just a couple of months. Right, locking in profits is not a bad habit to have right now, based off of current market conditions. I'm really looking forward to this tqqq does show great potential uh based off of the moving average. It tends to be where we get rejected, which is right around forty six dollars a share.

We are now trading above the ema line. The market looks good today and it might look good tomorrow, but one thing that you have to understand is again the overall descending pattern. Please look out for yourself, trust me. I want i want to break above.

I want the market to recover. I'm tired of these tech stocks being oversold. I agree with you, but my hopes and my desires and my wants and what i think i need doesn't matter to the market. It just simply doesn't price action and direction is always what's most important.

Please look out for yourself. Not only did we absolutely kill it and i made three thousand dollars day trading tqqq today i locked in profit, so i left myself just with one share in case it pulls on back. I can load back up again by a thousand fifteen hundred shares about fifty to sixty thousand dollars worth of tqq. If i see the potential for an overall recovery again, my job is to buy the lows, sell the highs, buy the lows, sell the highs right now.

Can you agree with me that tqkq based off of the macd is beginning to descend? The rsi is overbought we're getting ready for a potential pullback, i'm never 100 right, i'm not a perfect trader, believe it or not right, but my job isn't to be perfect. My job is to work towards being as close to perfect as possible, with the idea that i also need to make sure that i take into consideration risk management with that being said, not only is tqq recovering, but of course that means that tech is recovering check. This out, tesla is bullish today up a total of 200 on tesla alone and that's a day trade as well. During today's live trading session.

With the learn plan, profit group we're beginning to see signs of a support right around that 750 support range. And if you guys look at tesla, it tends to it's a little bit easier to see on the one hour time frame. It tends to find the support right around the 750 general area, we're beginning to trade above the ema line. Yes, it looks promising, but again remember: feds are to raise interest rates a quarter of a percent this week.

Yes, it's already factored into the market, but if they begin or actually raise it anymore, we will see the market drop even further. I am so happy that we made yesterday's video talking about oil. Etfs right oil prices have been shooting through the roof, even before oil prices shot through the roof. We talked about how you can make money with oil stocks or oil etfs as they were going up and as we were, reaching overbought levels and then, with the talk of iran, you and the venezuela deal for the united states.

We made sure, especially for all of our beginner traders, for them to understand that if this iran deal does go through, we should see oil prices beginning to correct themselves. Well, this correction is already happening. Yesterday was one of the first days. Today is the second day as well as we talked about the inverse etf that goes up when oil prices go down.

This is very valuable, as you can imagine, as oil prices are crashing right now, then again you can make money on this etf. That is up. Nine percent on the day, and again it's keeping it simple. It's understanding that direction is in your favor when you wait for proper confirmation.

The last sector that i want to talk about is airlines right. We talked about this yesterday. Airlines have been super oversold, but finally, right we talked about this when they were at the 13 support level for american airlines. Now american airlines is up nearly 10 on the day again.

This isn't something that i would expect for it to hold up here. For a long period of time, american airlines overall direction is bearish so understand. The low points understand the high points and in this market it's never a bad idea to maybe reduce position size at the overbought levels or just lock in profits altogether. Just look out for yourself make sure that if you choose to stay invested, that your upside outweighs your downside and that market direction is in your favor, make it easier on yourself.

It's not going to be easy, but make it easier on yourself and and think out loud write it on a piece of paper. Write your plan write how much potential for profit you have potential for risk. Take that all into consideration before making the trade decision of holding overnight, especially in today's market, trust me. I want the market to recover.

We all do, but we cannot be blind to what we've experienced in the past two months, and i really hope that you can. That we can see eye to eye for that um. I really do appreciate getting his time. I hope that i earned your thumbs up in this video, i'm so grateful for another green day in the market.

But again, these days have not come easy, so understand when it makes sense to lock in profits and when it makes sense to hold so one of the last things that i did want to remind you is again our giveaway for the iphone 13 pro ends. This friday, and if you want to enter head on over to shop, techbeds.com, select your favorite items, especially for your trading setup. If you want a trading mouse pad some aluminum art, anything for your flags and for every one dollar you spend, it equals five automatic entries. If you guys want to be able to watch me, trade live as soon as tomorrow.

Again, you heard me talk about them in this video. That's my learn: plan profit group and they're. The only group that i work with on a closer basis, if you want to join my live trading session and being able to watch me, trade live every single day. Take two minutes.

Click. The second link down below learn a little bit more about it and see. If it's a good fit for you, like always, let's make sure that we end the year on a green now, take it easy team.