The major indexes were little changed overall at the end of the trading session, but individual shares made some wild moves. Arm stock surged 48% following its earnings report. Softbank shares also gained, reaching their highest level in more than two years.
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So we had stock armm known as Arm Gap up 60% today and I made a video earlier today talking about shorting it. Uh, this is how it played out. So finally began to indicate signs of a reversal and broke below the EMA line again traded sideways for some time, actively began selling off into the aftermarket hours. I Ended up closing out my short I left myself with my one lucky share.

Just one share. Uh, anim 12,400 $178 shorting this overvalued company. It's one of my favorite things to do I Love trading reversals. I'm not here to recommend it for everyone that's just getting started, especially not on the shorting side.

but anytime anything quickly gaps up, especially when it's in the 20 30 40% Mark In just a given day, um, it tends to be an overreaction. not always, but it tends to and then it tends to correct itself. And that's one of the things that I love is that if you can tolerate the time that it takes for this, you know, reversal to uh, come into play. Um, you know, if you know had a dollar cost average into a position, it could end up paying off.

So very glad that we're able to take this position. Very glad that I was able to make a video before taking the position when this thing was simply trading. Swich right? From overall highs for ticker simpol arm to the lows that it made during the aftermarket hours, it was an 11.4% move so a lot of people are always just focused on. oh you know, arm is bullish.

Okay, but at some point, especially knowing that it reported earnings, it's going to end up peing right. so understanding that. and if you feel like you've missed majority of the run up, then maybe waiting for an opportunity on the run down isn't the worst idea if you know how to trade that and that's essentially what I did is I waited for signs of resistance, signs of, and confirmation of a reversal and then I stepped on the gas when Direction was in my favor. For short, for those that are unfamiliar with what Short Selling is short selling is the action of, um, making money as a stock sells off.

So when you open up short um, you are pretty much borrowing shares and then you buy to cover. Uh, we talk about it in Lpp, which of course you guys can watch at a later time. It's the second link in the description of this video. The other thing that I quickly want to talk about is I I Talked about it yesterday I Want to make sure that I follow up with it? it's safe Spirit Airlines reported earnings and we didn't see much movement.

so we saw some movement right when the market opened. A lot of consolidation. It was a very very choppy day. Kind of reminds me of kind of like how the NASDAQ Market traded today.

So if you look at the NASDAQ Market it's been a break even day. Yes, it runs up, but then it quickly pulls on back. It's you. No.

I mean just looking at this Market's extremely overbought. It's extremely overvalued, and it's due for a pullback. And this is the part that really excites me. It's th those that are prepar, prepared and or getting prepared for when the market does pull on back are the ones that are going to make the most money.
And it's not that you have to short the market on the way down. preparing just means also being cash enough that if the market does pull on back that you have enough cash to take advantage of those lower prices to make money when the market continues to recover. So that's what I'm most excited about Now trying to work with my Lpp team is I Know a lot of people that are just getting started should not be shorting I Completely respect that. but it doesn't mean that you can't take time to prepare for those pullbacks when those deals are actually presenting themselves right? So do you want to buy at overbought levels when there's very slim margins? Or would you rather prepare in advance for markets to pull on back, take advantage of deals, and then make money when the markets recover again? I Personally like to focus on reversals and that's kind of The Best of.

Both Worlds So excited to see what happens tomorrow. There's no economic reports uh, put in place, but I will be trading live right at Market Open for about 30 minutes to an hour I Hope to see you there if you want to tune on in to see all of my entries. All of my exits that I take during that live trading session. it's going to be the second link in the description down below I Appreciate your time I Hope that earn a thumbs up.

Please consider subscribing and please if you have any questions whatsoever even as a complete beginner, comment down below or shoot me a DM and would love to answer any questions you might have I Hope to see some of you guys at our techb HQ tomorrow as we celebrate our Tesla giveaway winner Which again, if you want to learn more about those details, feel free to check out my Instagram I Just posted a real and I just posted on my Instagram story. So like always, let's make sure that we end the year on Green Now Take Care Team!.

By Stock Chat

where the coffee is hot and so is the chat

35 thoughts on “warning get ready for markets to drop…”
  1. Avataaar/Circle Created with python_avatars @vghy21 says:

    He was wrong on Boeing , meta and arm , and still people are learning from him πŸ˜‚

  2. Avataaar/Circle Created with python_avatars @Chaffe24 says:

    Still rooting for you Ricky

  3. Avataaar/Circle Created with python_avatars @user-lo3ew7kh2j says:

    Yeah keep shorting Tesla πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

  4. Avataaar/Circle Created with python_avatars @a.b.9549 says:

    i thought u prefer following the trend

  5. Avataaar/Circle Created with python_avatars @termsandconditions1618 says:

    Thank you

  6. Avataaar/Circle Created with python_avatars @freestylefranc2653 says:

    delusional cheerleader Ricky getting hit with realityπŸ˜‚

  7. Avataaar/Circle Created with python_avatars @LizardMan420 says:

    And we march higher! πŸ˜† It's still very early in today's trading session and I just know my comment will jinx the market but Ricky… I'm sure you noticed that huge buying pressure yesterday last 20 seconds of the markets close when S&P briefly hit 5000?! Super bullish signal ! But in all fairness this market needs to drop and it will but only so we can go to all new highs!

  8. Avataaar/Circle Created with python_avatars @FlimsTV says:

    Another incorrect prediction from Ricky incoming hot!

  9. Avataaar/Circle Created with python_avatars @tautvydasbertasius2375 says:

    Had the same idea. Shorted at around 118 soon after it peaked, but then the stock moved back up to 122 and stayed arond there for a little while, got scared so i closed my position with a loss of 100. I'm too fearful and not patient enough for the trade to do its thing πŸ˜’

  10. Avataaar/Circle Created with python_avatars @giacomo7257 says:

    How does the possible market crash influence the cryptocurrency market ?

  11. Avataaar/Circle Created with python_avatars @jonny-yc1kz says:

    If you say this enough eventually you'll be right.

  12. Avataaar/Circle Created with python_avatars @KarenLynnOlsen says:

    The most significant lesson I gained from the stock market in 2023 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key

  13. Avataaar/Circle Created with python_avatars @Alliks82 says:

    Does that mean I have to close my Google positions 😒

  14. Avataaar/Circle Created with python_avatars @aldomale8163 says:

    Good job Ricky. Your videos are enjoyable

  15. Avataaar/Circle Created with python_avatars @CarissaVeliz3 says:

    Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring…managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

  16. Avataaar/Circle Created with python_avatars @andrewg5416 says:

    bearish on Ricky being able to grow a mustache

  17. Avataaar/Circle Created with python_avatars @Trading_Cipher says:

    stop the clickbait price going down on 1m chart does not mean market going to drop

  18. Avataaar/Circle Created with python_avatars @BCreative12 says:

    One more pump

  19. Avataaar/Circle Created with python_avatars @gayraw says:

    Hey Ricky is there a delay in YouTube with your memebership… I was warned that many YouTube have 10 second delays

  20. Avataaar/Circle Created with python_avatars @DayTraderCut says:

    I took a shot every time you said pullback, hahaha. Good stuff, Ricky.

  21. Avataaar/Circle Created with python_avatars @aladdintv4920 says:

    The voice is low, can you increase please

  22. Avataaar/Circle Created with python_avatars @sairc9540 says:

    Just curious to know what you think of SMCI then?

  23. Avataaar/Circle Created with python_avatars @liventhemoment203 says:

    This market has been bullest for awhile, there's going to be some red days and Friday's are either strong or people get out for the week. Jmo

  24. Avataaar/Circle Created with python_avatars @expressingislife1950 says:

    Make a NVIDIA video please

  25. Avataaar/Circle Created with python_avatars @SicVic187 says:

    I'm in a put

  26. Avataaar/Circle Created with python_avatars @SlayAtHomeDad311 says:

    ARM is absolutely not overvalued but I understand the reason for shorting for a couple hours. Any computer need will tell you ARM is crucial for mobile AI use.

  27. Avataaar/Circle Created with python_avatars @hedgingwell7718 says:

    Lmao another try i guess

  28. Avataaar/Circle Created with python_avatars @S2kkilla says:

    Im with ricky thing needs go red

  29. Avataaar/Circle Created with python_avatars @enriquetamarit3925 says:

    Do you use Average Daily Ranges in your trading Ricky?

  30. Avataaar/Circle Created with python_avatars @Papolllo says:

    Thoughts on Disney?😊

  31. Avataaar/Circle Created with python_avatars @Niko-1004 says:

    Ricky does this all the time for views

  32. Avataaar/Circle Created with python_avatars @deadeyedail06 says:

    So when you are short for a potential market sell off, do you make long puts on option trading?

  33. Avataaar/Circle Created with python_avatars @diegoramos27 says:

    Hi Ricky what MA and EMA do you normally use in the Daily Timeframe chart? Thanks

  34. Avataaar/Circle Created with python_avatars @Bsketballb3ast says:

    If Ricky says markets will drop, give it about a week for it to happen. Green Days until then!

  35. Avataaar/Circle Created with python_avatars @israrulhaq4479 says:

    And please if u can give us a little insight about NVIDIA

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