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Are you ready for Apple and Amazon to report earnings on August 3rd What's going on guys, It's Ricky here with talk about Solutions Just want to make sure that you guys are aware of what's going uh to be happening next week? Let's go ahead and recap the day. Tkq 19.1 K Amazing right? Guess what? I did traded the inverse down 6100 on ask Kiki Q all together as you can see on the top right hand corner on the day 13 000 on the day. Still very grateful. just made silly silly mistakes.

If you're part of the Lpp team, you know exactly what I'm talking about. Um, it's I mean for the past couple of days we've been consolidating I Wanted you guys to be able to see this right I Want you guys to be able to see the high points and the low points right if we look at QQQ which is the NASDAQ ETF when you're asking the question what is going on with the big picture of the market right? Because these days I mean day by day it's like you know that's our job as day Traders But to understand kind of what's going on with the market I Have to take a further step back get a different perspective. Uh, and that's why I look at the larger time frames on the 30 minute one minute. I mean you can clearly see, especially for the past trading week.

We have a solid support range right around 375 375.50 and a solid resistance range right around 380. What would you say that? 380 450 385 Whatever. it is very common resistance range and it transfers on over to Sqq. I Sent out a message to all of our Lpp members.

Um, as Sqq was approaching 18 today, right? Or 18 for the past couple of days and today, the very common resistance range that we hit uh, did you guys pay attention I mean it was 17, 20. we were not able to break above and show progress Beyond 1720. and I mean I I Just still made a mistake, right? Uh, lower lows, lower highs? It wasn't We weren't seeing much progress on either side, right? Because if you look and take a step back, you can see that we were testing the same resistance as we were yesterday. I Was waiting for the market to sell off just like I was yesterday, but the sell-off never came and I continued to like enter and then cut losses and then enter and then cut losses.

and then enter and then cut losses. and guess what? I mean those losses add up after a while, even if I do manage my position size and relatively keep it small. Lost after loss after loss after loss again. I ended at that six thousand dollar loss for S Kiki Q and the 19k uh, gain on Tqq.

So now we're back at the resistance. I'll let you guys decide. What do you think? Are we going to begin to break above? or are we going to begin to correct ourselves? Um, I would say you know it's really dependent on what's to come. Next week we have Apple and Amazon reporting earnings.

I'm going to stay very patient I Have this challenge that I wanted to start: I Guess I'll leave it up to you guys. Uh, it's a way that I can incentivize people to really focus on their criteria and focus on percentage growth if you think that I should do this and I would incentivize it based off of whoever it is that ends up winning the competition. I Was thinking of having a grand prize of like you know, a thousand dollars or maybe like I don't There's not an exact dollar amount, but at least for the first one. It doesn't matter about.
uh, it doesn't matter what the amount that you trade with. but I Wanted to incentivize you to focus on your core criteria, being selective over a period of time and then seeing who has the largest percentage growth within a specific period of time. I I Thought that this could be a pretty good idea. You guys let me know down in the comment section: I Think it Really, it could really motivate people that are just getting started to stay disciplined and hopefully that can be the start of something great for you, right? Other than that, just wanted to make sure that you guys were aware of what was going on testing that same resistance.

Overall, big picture for the NASDAQ Market Still incredibly bullish. Um, but next week Amazon Apple Reporting earnings Thursday of next week August 3rd after the market closes I Hope that you are prepared so. I Do appreciate you guys time again. I Trade with one team and one team only.

It's the learn plan profit team. They get to see my good days. They get to see my bad days. They get to hear my thought process behind every single trade.

If you're tired of trying to figure this out on your own, and you want to be able to work with me and be able to watch me trade live, it's the second link in the description down below. I Hope that I earned a thumbs up. Please consider subscribing and if you have any questions even before joining Lpp, shoot me a direct message via Discord or via Instagram and that's the first or third link in the description down below. Appreciate your time like always.

Let's make sure that we're in the year on our green now. Take it easy. Tim.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “warning market is at rejection zone…”
  1. Avataaar/Circle Created with python_avatars Hola! Rarender says:

    I like the idea of a challenge. Maybe do the best average ROI or an other %success ratio as %gain can be easily cheesed on smaller account. It usually motivates taking outsized risks to win.

  2. Avataaar/Circle Created with python_avatars Hashim Ashraf MBA says:

    It will really motivate please do it

  3. Avataaar/Circle Created with python_avatars kolinpa1 says:

    Thanks.
    please fix your mic.

  4. Avataaar/Circle Created with python_avatars jay says:

    Every stock is up high but sqqq is not show no sign of reversal my thought ๐Ÿค” is buy a call on sqqq long term and keep buying those tech till it pop then let your sqqq running

  5. Avataaar/Circle Created with python_avatars Sigma Balle says:

    what trading platform are you using?

  6. Avataaar/Circle Created with python_avatars Sam McVea says:

    Go Ricky go ๐Ÿ‘,

  7. Avataaar/Circle Created with python_avatars Nazza Rio says:

    Ricky which books are on your desk ? I think one is Rich dad poor dad right ?

  8. Avataaar/Circle Created with python_avatars Kyle McGill says:

    I was thinking about Joining lpp just curious how many hours you trade live on average on letโ€™s say a daily or weekly basis.

  9. Avataaar/Circle Created with python_avatars Isaiah Howard says:

    Friendliness toward apple is seriously a tricky thing in my opinion, it probably shouldnโ€™t be advised, I donโ€™t want to betray them. I love my phone. We need to not be gay. 1.15M, crossing 1M is certainly a milestone. Apologia Studios is seeming kind of stuck at the 484k mark for now. They just released some kind of video about UFOโ€™s and I mean we probably shouldnโ€™t primarily be concerned about intergalactic life but I mean the possibilities are literally endless technically it is interesting, I need to resist in some regard. We do need massive love and fear of God irregularities for the stock market to remain a reliable tool for investing / day trading for those who venture into this mainly failed at career, I am among the trading failures for the time being Techbud Solutions is not God. There is only one God.

  10. Avataaar/Circle Created with python_avatars Jack Millward says:

    I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Miller.

  11. Avataaar/Circle Created with python_avatars born2win says:

    Iโ€™m stuck with MSFT. ๐Ÿฅฒ

  12. Avataaar/Circle Created with python_avatars Jose A Nunes says:

    Meta held its own, I did ok this week with Meta.

  13. Avataaar/Circle Created with python_avatars ramram says:

    They made onschain with AI, this is the first project in the world, I have already bought for five thousand dollars.

  14. Avataaar/Circle Created with python_avatars Hansel Morris says:

    Hey Ricky. Whatโ€™s your thoughts on apps like autopilot for investing?

  15. Avataaar/Circle Created with python_avatars jay says:

    Lol ๐Ÿ˜‚๐Ÿ˜† I know it you take the L but Ricky you are cool guy I did the same but I hold on to my share and buy a call on sqqq to Dec so half my profit get cut

  16. Avataaar/Circle Created with python_avatars Larry Morton says:

    this is nothing more than the plunge protection team wanting to end the week positive so people can feel good over the weekend. selling will continue next week, and thru august. sp500 to 3200

  17. Avataaar/Circle Created with python_avatars Todd Rogers says:

    Aths for qqq after the obvious beats bc everything beats nowadays bc these so called experts setting the bar pathetically low!

  18. Avataaar/Circle Created with python_avatars Gilly says:

    Was down $20 on sqqq missing the 17.20 for profit and waited all afternoon for it to do nothing. Seems very bullish yet on weekly/monthly with rotations of other stocks maybe new highs yet for the year end.

  19. Avataaar/Circle Created with python_avatars Smoky Mtn Cycling says:

    that resistance is about to become a support

  20. Avataaar/Circle Created with python_avatars Chick Schtick says:

    One of these days you are gonna be really right about SQQQ

  21. Avataaar/Circle Created with python_avatars Brian Tep says:

    first of all you are doing technical analysis on LEVERAGE ETFs, that makes ZERO SENSE

  22. Avataaar/Circle Created with python_avatars Brian Tep says:

    appreciate your transparency but why would you trade SQQQ oy

  23. Avataaar/Circle Created with python_avatars Jim says:

    I 100% Agree with Ricky on this! I totally agree on everything he said on the video!

  24. Avataaar/Circle Created with python_avatars Jeff Pierson says:

    Love the competition idea

  25. Avataaar/Circle Created with python_avatars Fenomenoe9 says:

    Today was ez money boys. 1k for the week target achieved wop

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