So I Want to explain to you exactly why I'm deciding to short the market? We'll turn on team that's Ricky here with talk about Solutions I Want to show you not so a not so pretty picture right? Uh, yesterday I made a little bit over 5700 profit I recapped my day the day before that I made over six thousand dollars profit the day before that I made twenty four thousand dollars shorting the market I love recapping both my green days and my red days I'm going to show you exactly how much it is that I'm currently down on the day down about nine thousand dollars, nine to ten thousand dollars which is around two to two and a half percent of my average purchase price. Just you could see it 34 18. why in the world would I be shorting the market I Explained it in yesterday's video I View the market to be very overbought I Do not need you to agree with me I Do believe that today because earnings for big tax such as alphabet uh and known as Google right? we have Amazon and then we have Apple they're all reporting earnings today I Do not intend to hold my position that late but I view even on the day the market to be super super overextended where it's going to need to correct itself I could be wrong and I will accept my loss if I'm completely wrong. but again, average price as of right now is not far off from where it is that I'm at right now I'm excited to even add more if Direction ends up actually presenting itself.

I began adding more a little bit right now as we broke above the EMA If we break above the moving average, I'll probably add another hundred thousand, but again I I Love talking about my green days I love recapping my red days because it shares with you and shows you right. It was all caught in my live trading session today with the Lpp team. I was actually up on my Sqq trade I had a goal to sell around the moving average. We hit highs of around 34.70 We saw the resistance I didn't act upon it and I ended up holding right I ended up having to cut losses when it broke below its support and then I went back for that re-entry right now with my average right around 34 18.

So my average I didn't sell all of it I reduced my position size and then I started adding a little bit more right now. Um, my trades are not perfect I Just again, this is 100 my opinion I Do not care if you agree with me or not. I'm looking at oversold overbought levels. Oversold levels, overbought levels just like I did when the market was very oversold I was making videos about hey, I'm buying into these 52-week lows Everyone thought I was crazy.

Everyone thought that the market was going to go to new lows now that the Market's overbought. I'm getting ready to short the market I view the market to be overextended and yes, I believe that you know it could go up even further. today. all I know is it's like a slingshot.

The more that the more that you pull it back, the quicker it will retrace and that's something that literally always happens. Look at the RSI look at the Macd everything is is screaming I'm overbought I'm over extended and I'm very excited to follow up. I know that today might not be my day I might have to accept this loss of around 10 to 11 000 if that's what I end the day at then so be it. Um, but I'm I'm not afraid to take advantage of an opportunity that I see potential in and my job here on YouTube is not to be perfect right? today is a great example of that.

My job here on YouTube is to explain to you why it is that I See, you know and how it is that I'm preparing for it. so that's exactly what I'm doing in today's video. I Just wanted to remind you that I will be live streaming the earnings today. Uh, here for free on my YouTube channel.

All you have to do is drop a thumbs up and subscribe to the channel. uh and I will take care of the rest. I'll be live about uh, five to ten minutes right before the market closes because when the market closes, that's when Amazon Google and Apple are going to be reporting earnings and I would love for you to be able to tune on in and together we can watch the market react to the biggest Tech earnings of this quarter, right? And that's Apple Amazon and Google So very excited to follow up with that. I Do want to let you guys know, uh, when it comes down to the overall economic reports, Um Factory orders came in.

If I'm not mistaken, they came in a little bit lower than expected. We did have initial claims coming in at 183k. So what that means is the expectation was 201 000 of people who are going to file for unemployment for the first time, but actually less than what was expected and less than the prior month as well. So less people are following for unemployment.

And the reason that's so important to understand is, well, if less people are filing for unemployment for the first time, that most likely means that the unemployment rate should be going down right? because if there's less people, filing for unemployment most likely means that they're getting employed and we've seen that week after week if I'm not mistaken. So therefore the unemployment rate should actually go down. the expectation is 3.6 percent, the current is 3.5 percent. I Mean based off of those reportings of those unemployment reports or the initial claims reports, I would assume that it would make sense that the unemployment rate would actually come in at 3.5 or less, right? Very excited to follow up and again, my trades are never perfect.

I am not a perfect Trader I Just like today I Got in I got a little greedy I got a little too confident because of my three-day green streak this week. Um, and I wanted to share that with you guys I Hope that me not just sharing my green days, but sharing my red days can just put can put things into perspective where you know we're human, We make mistakes. Um, our job is just to you know, manage and mitigate that position size right? My loss might seem like an insane amount. Uh, but remember I made 24 000 on Monday I made 6 000 on Tuesday and I made over 5700 yesterday.

So it's all perspective with what you trade with and your position size and what you can tolerate. So this is the great thing about trading is if you focus on the learning part now and building good habits, the making money part is going to come later, right? Don't worry about the extra five or ten cents right now because it's not going to make much of a difference. It makes a bigger difference later down the road when you begin to trade with big money. So I appreciate time.

Hope that runs your thumbs up. I'll see you for today's earnings live stream. Uh, make sure you, uh, stay subscribed to the channel and if you're ready to join our team, click that second link down below to join our Lpp team to be able to watch me trade live every day. If you have any other questions, if you feel free to send me a direct message via Discord and that's that first link in the description or send me a message via Instagram and that's the third link in the description.

Like always, let's make sure that we're in the year On a green note:.