I'm not going to be that guy and I'm not gonna say I Told You So Okay Um, but I just wanted to share with you what we talked about earlier I hope that you learned something new and if you do, please consider dropping a thumbs up and subscribing if you feel like we earned it. So what's going on guys, It's Ricky Here we talk about: Solutions I made 25 000 today, 25 504 and don't forget about my nine cents. I left myself with my one lucky share meaning that I've sold my entire position on Skq I did not trade Tqq today just so you can see I have my one lucky ship didn't touch it or trade it at all today I only focused on one thing on one thing only. that's everything that I've been talking about on Ask QQQ Let me make sure that I talk about what happened yesterday yesterday.

I posted one of my losses and that was on Ask Kiki Cube I saw the same opportunity that I saw today just that. Today it actually panned out according to plan and yesterday it did not yesterday. I lost six thousand dollars. Six thousand Five hundred if I'm not mistaken Today I made twenty five thousand Again, my job is not to avoid risk.

my job is just to manage it. I trade with over four hundred thousand dollars and today I Just want to share with you on how I set up for this overall trade. Uh, this is a NASDAQ short. So I make money as the NASDAQ Market sells off.

How and why did I expect the NASDAQ Market to sell off? Two things on the technical side of things: the NASDAQ Market since you guys can see the date down here. February 2nd, we had eyes of 314 and we have not made new highs. Since then, we've been trading above the moving average. We've been trading above the EMA but we have not made new highs.

So now again, it's a very simple concept. If a position has not made progress in the past 14 days, any open position is a position that's open to risk. and if it's not a position that's making you money, then why do you still have that open position right? Again, It's counterproductive. On top of that, the CPI data report came out a couple of days ago.

It came out worse than expected. it pulled back a little bit but then it quickly recovered. Again, it just I have no explanation for it, just the bull market and the Bulls are very strong and we respected that just like we did today. Today was the PPI report which is the producer price index and like you guys saw in today's live stream.

I Even spoke to my Learn Plan Profit Group about it I talked about it during our free live session as well. With that PPI data report, live stream and I talked about hey you know the market is in our favor as the NASDAQ Market sells off right? we're making money as the NASDAQ Market was selling off and I decided to lock in profits right by the before the market opened because I know that the Market's been very bullish ever since January 6 right? If we go back on the one hour time frame, the date is January 6th and we've been on a consistent uptrend since then. It doesn't matter about my hopes, it doesn't matter about my opinion about the market. You know any report can be released and if the market chooses to recover, I'm not going to point the finger at them.

this: Market's rigged. You know, as long as I focus on locking in profits, then that's what's most important. I got burned yesterday. That's why I lost 6 500 I I saw an opportunity I believe that the market was going to sell off and today it just happened to actually play like we prepared for, right? So I explained to you on the one hour time frame that I saw a pullback potential every report that was released just like our PPI report Market Expectation was a point four percent increase and it came with a point seven percent increase.

So that means it's hotter than expected meaning that inflation actually Rose more than what was expected in the month of January I Don't know how someone can think that that's good news or that that's not that bad or that no, the market doesn't care anymore. No, of course it cares, right? Just like Jerome Powell said in his discussion last week that the Federal Reserve will decide to be more aggressive with future interest rate hikes if inflation data comes in hotter than expected. It's not rocket science. I'm not here to overwhelm you with my opinion I'm just telling you and really quoting what it is that he said CPI was on Tuesday PPI was on Thursday We talked about this with our Lpp team and today I made it very simple our learn Plan Profit Team I sent them an update I sent them a screenshot.

This was all before it happened I showed them on the five minute time frame I am waiting for confirmation for the break below the EMA on the five minute time frame. as long as we trade below the moving average and as long as we break below the EMA then that's when I'm going to step on the gas broke below the EMA I got faked out a couple of times because I pulled back and recovered, pulled back and then recovered. but the second time or this third time it pulled on back, began to flush out broke through, and again that was during our power hour. aggressively began to sell off.

and that's when I stepped on the gas on Sqq. Remember we talked about one thing and one thing only and that's position size. Knowing when to step on the gas, when direction is in your favor, you can make any excuse on why you didn't lock in profits. but I refuse to make the same mistake that I made yesterday yesterday I was up at one point over five thousand dollars on the day and then I went from up five thousand dollars and then I lost 6 500.

So that's a difference of about eleven thousand dollars in the change, right? I didn't want to make that same mistake today, so when Market Direction was in my favor, it became overbought. We were approaching previous resistance levels looking at the NASDAQ Market we were approaching previous support range and I decided to play it safe and I locked in profits I didn't sell Sqq at the highest price point I'm still not holding it, could ask Evq Gap up another one or two or five percent by the time the Market opens tomorrow. Sure, my job is not to be perfect. My job is not to pretend to be perfect.

My job is to identify an opportunity just like I did. and when it presents itself with confirmation I choose to take action and then lock in profits when I see my take profit Target right? And that's exactly what I did I left myself with my one lucky share I made 25 thousand dollars a day after my sixty five hundred dollar loss I didn't make the same mistake that I made yesterday of you know, being or going from green to red and I'm very grateful that I wasn't creating and that I locked in profits Again by focusing on not being perfect. It led to a successful trade and I'm very grateful for it. So now, kind of what's next, right? The PPI report is out tomorrow.

We have a series of economic reports that all get released one hour before the Market opens. Nothing too too significant, but there are a series of reports that do get released as you guys can see here for February 17th. But where does the market currently stand? I've said it before and I'll say it again. I Believe that if the market continues to trade below the moving average just like it's doing right now, we will flush all the way down to 285.

Let me explain on the four hour time frame: I See the pullback potential right back to the moving average. Pullbacks are inevitable. They happen. They're not Market crashes, they're just Corrections And these Corrections happen even during a most you know, a very bull market, right? You can date and look back to any specific period of time, even 2020 to 2021.

Right during an extreme bull market. There's always pullbacks along the way if you refuse to believe that there will be pullbacks during any. Bull Run Even if the market does begin to recover, then you are simply lying to yourself. This is why our job as Traders is to respect the other side.

You don't have to short the market on the way down, but the idea is to not be afraid to reduce your position size, add overbought levels. So when the market does pull on back, you can literally just buy the same position position at a cheaper price and make more money. When it recovers, your job is not to be perfect, your job is just to be calculated. And one of the worst things that you can do is not prepare for a market pullback.

Very simple question. You don't have to do anything with your position size if you can tolerate a pullback. but if you are someone that's fully invested right now and if the market pulls back that it would devastate you because you have no more buying power to buy at oversold levels, then again a question to ask yourself what are you doing to prepare for worst case scenario. And that's if it pulls on back to the moving average or yet alone pulls back down to 52 week lows to lows of 260..

it's not to instill fear in you, but it's to always take worst case scenario into consideration. You can see by the people in the comments section you will see people encouraging you to look out for yourself. You will see that people people are look you know, encouraging you to take risk management into consideration. and then you will see fools encourage you to continue to hold and to never sell because you're going to the Moon right? You take time and do what you think and work with people that you think are out for your best interest.

All we ever want to remind you to do is to never be afraid to lock in profits and do not put yourself in a position in which you cannot tolerate the time that it will take for that position to recover. So I'm very excited. Uh, very grateful for how today played out. Uh, today was not a perfect day, but it was still a successful one.

So twenty five hundred dollars, Twenty five thousand dollars on the day? I'm sorry, twenty five thousand dollars on the day. We're in the very early stages in my opinion of a potential reversal for Ask QQQ and I'm very excited to see if we do get that confirmation. I will add more to ask QQQ by the time the Market opens tomorrow. but if we get rejected and we sell right back off a NASDAQ Market begins to recover, then just like I will do right, I will go into Tqs and go with the market right? My focus is one thing and one thing only, and that's Market Direction I Do believe that the market is bound to pull on back, but I also need to respect the Bulls and they need to respect Market Direction So I really do appreciate you guys's time.

I Hope that I earned your thumbs up in this video. Thank again in today's earlier video I Talked about the PPI report. so if you're unaware of what that is and the significance behind it, then again, make sure you watch today's earlier video. I Do Trade Live Every single morning.

That means that the if you want the ability to watch me trade live every morning to see my entries, to see my exit, but most importantly, hear my thought process. There's one team that I work with and it's the only service that I offer I offer nothing else so don't ask me I offer one thing and it's the second link in the description down below if you want to watch me trade live every day, if you want access to the A2Z video, Lesson Library Designed for complete beginners if you want access to our daily uh, private group chat and access to our Tech but HQ it's a one-time payment, lifetime access and right now it's our biggest sell. It's a hundred and fifty dollars off the second link down below and if you sign up today, you can watch me trade live as soon as tomorrow and every day moving forward from there. If you have any questions, feel free to message me via Instagram or via Discord and that's the first and third link down below.

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Just make sure that you deposit one dollar and you can earn up to 12 free shares. So if you end up not liking it, then you can sell those 12 free shares and withdrive and you still get to keep the money. So I Appreciate your time. Hook that around Your thumbs up! Please consider subscribing And like always, let's make sure that we're in the year on a green note.

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