QQQ is now trading above the 1 hour ema on qqq but its still early so I am choosing to play it safe and not hold overnight! I am waiting for confirmation and still do not have an open swing trade on this! Stocks rise as investors keep an eye on fluctuating Treasury yields: Live updates.
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So have I entered my swing trade on Tqq? Uh, the simple answer is no I have not. I'm still not choosing to carry a position overnight and let me just explain to you guys why very quickly. Uh, this overall position on Tiki Cube As you guys can see clothes, lock myself with my one lucky share I Uh, recapped My overall day earlier today Market pretty much traded sideways. After that, we had a nice little rip up, right? This was all in favor of NASDAQ which is in favor of Tqq.

This obviously definitely helped the case to support the case of you know, hey, Ricky wants the market to go up I Want to remind you that my plan is just a plan of action if the market goes down I'm okay with shorting the market right. If the market begins to go up as the market tends to be more bullish right than it is bearish, then of course I'm going to create a plan of action I'd rather be prepared than surprise, right? Yes, we are above this one hour. EMA My question is, will we hold right? This is the first time that we break above the EMA on this one hour time frame since we've broken below it, right? We've tested it multiple times. This is progress, but it's not.

You know, definite that the market has to actually continue just to take off, right? And I think this is the big misunderstanding where I want you to understand my intention. Um, I wouldn't mind having a light position right now I Just was not convinced that this is the confirmation of the reversal. This is a great sign. This is a sign of progress, but I'm choosing to play it really safe where again, it's just the one more day, even if the market gaps up and it opens up at like 36.50 then great, so be it.

But because I choose to not carry a position overnight if the NASDAQ Market were to sell off, if it breaks below again below the EMA line and continues to sell off and comes back down to 33 dollars. And guess what? because I didn't hold the position overnight, then I Carry No. You know overnight risk and it's impossible to manage or mitigate your risk when you carry a position overnight because there's no stop losses that you can put in place that will trigger by the time the market closes from the time that the Market opens the next day. So I'm just choosing to play it safe.

As of right now, this is a great sign of progress. There's huge upside potential right where. From where we're at right now to previous highs, a very common resistance ranges right around 42.50 That's about nearly a 20. Roi I Don't know about you, but that's huge potential.

Huge percentage. Roi for me. I Mean that would be insane. That would be in a perfect world.

Um, over six figures, right? Uh, in the six figures of potential gains for me if it were to play out perfect. But guess what? I'm not a perfect Trader Even if I walk away with 10 of that, I'd be more than happy, right? You guys know that my main focus is wait for confirmation, wait for direction to be favorable, and never be afraid to lock in profits at any indication of a resistance. So this is a step in the right direction. But one thing that I want to share with you is what's to come tomorrow, right? We have Pce prices.
This is all going to be released. Uh, one hour before the Market opens. I wanted to ask you and we definitely do not have to. Tomorrow is the last trading day of the month of September it's at and also for monetary policy.

the Federal Reserve pays a lot of attention to Pce prices, so this Pce report is pretty important, right? I wanted to ask you. we don't have to, but tomorrow if I were to host a free live trading session. So a lot of you guys got to see today's Live tomorrow. If I were to host a free live training session, would you tune in? I Just want enough people to tune on in or to say yes compared to who it is that we normally have, right? So if this video gets over 1500 likes, buy one hour before the Market opens.

I would be more than happy to host that free live session. If not again, I'll just go live at Market open with the Lpp team and keep it private. but I thought it would be a good way to end the overall month see what we can make out of it so you guys can see the thought process in action in real time. So I'm really excited for it.

Um, I'm nonetheless excited for that Pce report I hope to see that the market shows some signs of progress or clear Direction at least remember I'm I'm waiting for the market to recover, but I'm also willing to adapt and if the market begins to sell off, then I'll short the market if the market does begin to show signs of progress. On the upside, then again, I'll open that Tqq position I Just don't know if I want to hold over the weekend though, so it's just going to be a tough play to convince me to carry over the weekend where I might just close it out and then start again next week on Monday But nonetheless, it should be interesting if the market reacts and remember that's all the markets focused on right now monetary policy see, and what economic data is being shared and how the Federal Reserve is going to digest it. So I'll leave it up to you guys again. A pretty simple day.

when it comes down to trading, a lot of people are asking, hey, is it time for confirmation? Is it time to buy Now You can do whatever it is that you want. You're an adult, you know I'm not here to ever tell you where to buy or where to sell, but for myself, it's just it's good progress. We're above EMA on the one hour time frame I'm just going to stay a little bit more patient and I want to see if it holds for the next trading day and if it does great, but if it doesn't then again, it's not the end of the world. We have nothing but time.

Why over complicated? So I hope that earned a thumbs up. Get this video to over 1500 likes. We'll host the free live trading session tomorrow here on YouTube If not again, I'll see you tomorrow at Market Open for our live trading session if you end up joining our Lpp team and that's the second link in the description down below. If you didn't get a chance to watch today's live session, then feel free to send me a message either via Discord or via Instagram Live Trading and I'll send you the link so you can get a taste of what the Lpp team gets to experience every single day.
I Really do appreciate you guys time. I'm hope and wish you guys an amazing Thursday Hopefully see you tomorrow for Market Open and like always, let's make sure that we end the year on our green Note Take Care Team!.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “wait!!! now the best time to buy everything?!?”
  1. Avataaar/Circle Created with python_avatars Victor says:

    Good job

  2. Avataaar/Circle Created with python_avatars Julie says:

    Yes I’ll tune in

  3. Avataaar/Circle Created with python_avatars Ntsakisi Manganyi says:

    I agree. A buy week ahead. NFP expected to grow less than previous

  4. Avataaar/Circle Created with python_avatars HaitianGamerHD says:

    yes

  5. Avataaar/Circle Created with python_avatars Anthony Ghandour says:

    Let’s get it

  6. Avataaar/Circle Created with python_avatars Kevin Mendoza says:

    Good morning Ricky! 🚀

  7. Avataaar/Circle Created with python_avatars sozae01 says:

    Yes I would tune in

  8. Avataaar/Circle Created with python_avatars Angel Motivational says:

    Gm. Do you buy shares of tqqq & sqqq or options . I love to see you live & try it out 🙏🙏🙏🙏

  9. Avataaar/Circle Created with python_avatars Lil Danny says:

    ill tune in ricky

  10. Avataaar/Circle Created with python_avatars Monsaur Othman says:

    I signed up for your course, now how do I watch you trade live?

  11. Avataaar/Circle Created with python_avatars HUSTLE SMART says:

    Let's go ricky…SQQQ baby 😂…I think this is a fake out

  12. Avataaar/Circle Created with python_avatars beezy says:

    if this premarket holds up i will be 100% in the green this week on trades my last trade to close is tqqq looking for a push in the morning and to get out quick

  13. Avataaar/Circle Created with python_avatars beezy says:

    god dammit we don’t got enough likes

  14. Avataaar/Circle Created with python_avatars Mohammed AlMikail says:

    Yes I will tune in.

  15. Avataaar/Circle Created with python_avatars lilshortie262 says:

    I would love to see you trade live

  16. Avataaar/Circle Created with python_avatars Salah Eddine Sabeg says:

    Can you tell me please, should i set a stop loss as new trader, can you explain this point to me really appreciate it

  17. Avataaar/Circle Created with python_avatars the nice short says:

    I'll tune in!!!

  18. Avataaar/Circle Created with python_avatars FREEBANDZ617 says:

    Many blessings to you and your family. RG 🙏🏽 🫡

  19. Avataaar/Circle Created with python_avatars Tom jones says:

    Yes,

  20. Avataaar/Circle Created with python_avatars BIY says:

    💃🏻💃🏻💃🏻

  21. Avataaar/Circle Created with python_avatars Dirk says:

    yes yes,,

  22. Avataaar/Circle Created with python_avatars Kenneth Orihuela says:

    Oi do the live session

  23. Avataaar/Circle Created with python_avatars Giuliano Grassi says:

    Tellenger, Inc., a subsidiary of WaveDancer, Inc., (NASDAQ: WAVD) announced today that it was awarded a three-year contract by a large systems integrator to provide modernization support for a major financial program for a large U.S. Government (USG) customer. The company expects total revenues of $4M over the course of the contract’s period of performance. 1 $ today?

  24. Avataaar/Circle Created with python_avatars Clifton Cockroft says:

    ❤ yrs i want to see how your make your money so i can do the same

  25. Avataaar/Circle Created with python_avatars Elvis S says:

    Yes

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