Hey, what's going on guys, it's Ricky So FMC Minutes report gets released today at 2PM eastern time and here's a couple things that you should know. in an effort to prepare: let me go ahead and start sharing my screen I Just opened up position started adding more to my position on Sqm up two thousand dollars on the day on that on Tkq I Close it out you can see I left myself with my one lucky share I didn't add too much to it I Only I Only made 934 dollars at a really strong rally up during today's live trading session. Again, friendly reminder: I Do Trade Live every single morning and if you want to watch me trade live as soon as tomorrow, it's going to be the second link in the description down below if you want to join. Uh, but what ended up happening is NASDAQ was actually down I think half of a percent or 0.75 percent to the point where Tqkq during the pre-market session.

I'm not too sure if you guys noticed it was down over two percent on the day right when the market was about to open right 15 30 minutes before we began to indicate signs of an uptrend and guess what, right when the market opened it Gap up I didn't over I Did not over complicate the training today I Just started to add very lightly to my position on Tkhiq. the more it went up, the more I added it began to indicate signs of consolidation I then locked in profits. That was all caught during today's live trading session. Again, a very simple question: how valuable would it be to be able to see someone's entries and exits live and understand the thought process behind it right? Definitely not to copy, but of course to understand the thought process.

That's the whole point of these live sessions, which again, the second link is down below, but 934 dollars I locked in profits earlier I didn't have a very large position size, but then now I started jumping into Sqq. This is something that I called out right before we closed out our live trading session and I said hey, NASDAQ is lacking progress and because of how quickly NASDAQ gapped up right? If it doesn't continue to Gap up because of how quickly it did, the possibility for it to Gap right back down is probably pretty likely right. And we say this all the time within our live sessions. It's if there's no sign of progress than any open position is a position that's open to risk.

and by understanding that, that just encouraged us to lock in profits on Tkeq. Wait for that confirmation of that change of Direction I Then posted updates in our trade ideas. So throughout the day, I'm also posting updates on my trades and also what I'm paying attention to right? Like hey, I see this Market to be overbought I see this to be oversold I'm waiting for confirmation confirmation is triggered right whatever the case might be I try to do my best and simply keeping my team up to date on what my intention and what my vision is for the market. Am I right? 100 of the time? Heck no right I'm wrong just like anyone else.

But again, the thing that I really try to focus on is position size and risk management. An area that we can all improve on, right? And there goes 3 400 on the day, but very quickly. Uh, we did have Factory orders being released today that was 30 minutes after the market opened and it came in a little bit lower than expected at a point three percent um, increase versus the expectation of a point six percent increase for over overall Factory orders. So the FMC minutes report does get released today at 2 Pm Eastern time.

For those that are unaware of what exactly that means, that means that based off of our previous interest rate hike that was on June 13th to June 14th, the Federal Reserve came together and voted to either raise or pause interest rates. As you guys saw on June 14th, we paused interest rates. So all these fed minutes are is. It pretty much gives an explanation on who voted for what and how they came to the conclusion of that pause hike.

It's not a new Fomc meeting, it's just Fomc minutes. It's pretty much just a a reporting or a summary on who voted for what to kind of give? Maybe an expectation or an understanding of what happened about two weeks ago? So very simple report, but it should influence the market slightly. So at 2 Pm Eastern time, if you if you see that the market begins to change overall direction, just know that again, you can refer back to that phone a minutes report which is going to be made available to all of us if you're part of my Lpp team. I'll make sure that I share it with you in the announcement section so you can take a few minutes and read it.

It's a pretty boring letter, but it's good to understand the why behind a quick movement if the market begins to change its overall direction. So I really do appreciate you guys time. Just wanted to recap the overall trades my good, my bad and also keep you guys up to date with the different economic reports that are set to be released today. I Appreciate your time, hope that we're in a thumbs up and again I Hope to see you for our live trading session tomorrow.

That's that second link down below and if you have any questions before watching, feel free to send me a direct message via Instagram or via Discord And that's the first or third link in the description down below. I Am using the Weeble trading application, you don't have to, but if you want to download it, it's the fifth Link in the description down below. and if you use my link, you'll earn up to 12 free shares. We'll see you next one.

Take care.