I know I can't be the only one that is thinking this, but drop a thumbs up if you're just so annoyed of the market for the past week. I Don't know if you guys know exactly what I'm talking about, but the NASDAQ Market has been trading sideways for literally one week and two days. By sideways I mean as a support at 313 resistance at 3 20 and we have not been able to break above right we look at previous eyes 322 17. I Thought today was going to be the day of like oh wow the Bulls are actually coming out nope, get rejected, write out Market open and this is the the super frustrating part is that it gaps up and it gets a lot of people's hopes up and it's I just know so many beginner Traders got burned.

fortunately if you're part of my learn plan profit group. We waited for direction to be a little bit more clear and then Market ended up Market Direction ended up changing the market. sold off a great time to short right but then it began to find its support just like where it closed at yesterday. old resistance becoming new support levels.

When we looked at this on the one hour time frame, we're still showing signs of an ascending support the same solid resistance level I mean and when it comes down to the economic reports that were released today, nothing significant today. Housing permits, Building Permits I mean what we see right here: housing starts. But the most important one that I'm paying attention to is building permits. We can see that less than what was expected is actually being permitted.

So what that means is less people are submitting for building permits. Which means that less people are probably building. Which means again, a Slowdown in our economy Is that good news? Is that bad news? I Guess you can interpret that, but it looks like the most important reports are going to be released again Thursday which are the initial claims and continuing claims and then maybe on Friday But I don't even view those to be too significant. It's just it's such a boring week already.

I Understand we're only two days in. You're like Ricky Why are you getting so frustrated? It's because it's like watching paint dry. I Did take a small trade on Tqs today as it sold off. It began to recover and I just literally traded I was scalping and you guys know that I never even liked to scalp.

Uh, the overall lows, the overall highs and right now I'm scalping Skq. Um, so buying the low, selling the highs, buying the low, selling the highs, buying the lows, selling the highs. and then I just locked in profits I left myself with my one lucky share I made twelve hundred dollars pretty much break even on SQ Oh there it goes. I'm up 600.

Nothing too significant. Uh, but it's just such such a boring day. I mean I'm trading with a decent dollar amount. so I'm able to make a couple hundred or a couple thousand dollars.

But I'm telling you this like if the market continues to trade like this. Let me speak from my experience like, do Not open it right. Any open position is a position that's open to risk. Please learn the importance of staying patient, staying calculated, and not just wasting your day trades, right? And I think days like this are a good day to, you know.

Okay, you know I've been live since 6 30. you know I traded with our Lpp team. It's been nearly three hours and not much has happened. I mean the market sold off.

We've been trading sideways. It's literally almost a break even day. What I told my Lpp team is I'm setting my alerts and I'm going to move on with my day. I'm going to close out my SQ position and unless we break above or unless we break below unless the market chooses an actual side, right? I Don't care if it's bullish I Don't care if it's bearish.

We all know that there's money to be made as long as it chooses a side. There's days like this that just continues to consolidate. It doesn't choose a side that it's a waste of time, a waste of money, and a waste of a day trade. especially if you're under the PDT Rule and I Just wanted to make sure that you guys were aware of you know what exactly was going on with this.

Um I I know I Can't be the only one that's frustrated with this. It's just been such a slow last week. it's been such a slow uh week overall and I really hope things do begin to change, but based off of what's to be reported, unless some random news or earning report comes out that comes in way better or way worse than expected. I Just don't see what's going to move the market.

Um I I Still stand by what I said yesterday and I just want to repeat it. I Said it in my later video that remember, a lot of these larger banks are reporting better, better than expected earnings meaning that they actually benefited from Regional Banks failing smaller Banks right? So if that is the case, if you remember, why did the market even go up right? why did the market even go up? Originally it was because Silicon Valley Bank failed and it was to be expected that the Federal Reserve was going to stop raising interest rates. Now that we see that actual banks are not doing that bad. Does this mean that the Federal Reserve will resume their fight against inflation? Remember the next interest rate hike is going to be May 3rd at 2 pm Eastern time, so do not forget.

But as of right now I think it's just much easier to look at the larger time frames to understand there's not really much going on. Do not over complicate your trading. You have nothing but time Again, even if it's just one week or two weeks of waiting for the market to pick an actual side, your alerts stay affected, stay calculated, and don't put yourself in a position in which you cannot tolerate I appreciate your time I Hope that ruined a thumbs up. Please consider subscribing.

I Do want to let you guys know that we did just drop our new tank tops I Know a lot of you guys have been messaging me via Instagram about the tank top uh, that I've been wearing. It's literally only thirty dollars. It comes in three different colors. My favorite one is the blue one that I actually wore yesterday.

see if it actually pops up here the blue one here and it's only 30 and it earns you 150 automatic entries for the GTR giveaway. So if you guys haven't entered the GTR giveaway already, it's the fourth Link in the description down below. For every one dollar you spend, it equals five entries and again, there's only a few days left. If you want to learn more about this, literally, just take two minutes, right? It's not like the Market's doing anything.

47 days left, again, fourth Link in the description down below and again. Friendly reminder: If you're tired of trying to figure out all of this out on your own and you want to be able to watch me trade live I Do Trade Live Every Single day. That means that you get to see my entries, my exits, and most importantly, you get to hear my thought process every single day right at Market Open! So if you want to learn more about this, you also get 5 000 entries for the GTR giveaway, then that is the second link in the description down below. If you have any questions beyond that, shoot me a DM via Discord or via Instagram and that's the first or third link.

Again, everything is linked in the description. Stay connected. Hope that ruined a thumbs up. Please consider subscribing.

And like always, let's make sure that we're in the year under green now. Take a easy team.