This is how I prepare for big tech before they report earnings!
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So before you say anything about my outfit, I'm going to a Halloween theme costume party so uh, please ignore that. But I quickly wanted to recap the overall day just so you guys could see where I'm at. $15,800 and then on. Sqqq was my biggest winner for the day and it was $2,211 My LPB team did get to see me trade live um and got all of the updates for my Sqqq trade and again I trade with them every single day right at Market open if you want to be able to watch me trade live as soon as Monday when the Market opens I'd love to invite you.

it's the second link in the description down below. Let's quickly talk about what everyone's talking about. Dow Jones NASDAQ S&P 500 have a brutal week of earnings Um and I read someone's comment and I kind of have to agree with them right? Um, everyone continues to talk about like poor Tech earnings. Um Tech earnings have been great, right? if you look at Tesla if you look at Google if you look at meta Microsoft and even Amazon right? all of them beat expectation.

Uh, there's just a lot of negative Market sentiment. That's just the current market sentiment as of right now. and I see this time and time again, right? We've seen times where the market for whatever reason just continues to form higher highs and higher lows. It it literally struggles to pull back.

Now we're kind of on the opposite side of that Spectrum Where now everything is causing the market to sell off. Even when these big tech companies report better than expected earnings and maybe guidance might be a little bit off. Uh, but these companies absolutely tank, right? Um, I wanted to show you this and let you kind of decide for yourself. NASDAQ Market has dropped more than 10% This is considered correction territory anytime that there's more of a 10% drop from previous highs.

So from 386 to current lows more than 10% we're getting really close to this moving average. This is the only thing that I'm kind of concerned about. The only reason I'm concerned is things can definitely get much worse if if we break below this moving average. So you guys could see that before.

in 2022, you guys know that that was a really bearish year. Very poor year for the overall. Market We formed lower lows and lower highs and we contined to get rejected by this moving average. It acted as a resistance until we finally broke above in 2023.

Now we're getting very close to test it. I'm not saying that it's going to break below I'm just saying that if it does, it's going to put us right back to square one. Or when we break below, it becomes a new resistance and that means we could potentially sell off for the remainder of the year now. I'm hoping that doesn't happen, right? I'd Love to see a nice little pullback Apple set to report earnings next week.

I will be live streaming it so again, just another reason to subscribe to the YouTube channel. I'd Love to see a nice little bounce off of this moving average on the day chart and then see the market begin to recover right? Let everyone be in fear of the market. let the market sell off. I Just want to see if we hold Above This Zone If we don't, and if we break below this moving average on the one on the day chart, then we could potentially actually end up selling off right for the remainder of 2023.
Which just means that we allow the market to sell off. Big Tech will become much cheaper and I can short the market all the way down. Making money as the market sells off, right? We all know that there's always money to be made. It doesn't matter if it's bullish, it doesn't matter if it's bearish just like today, right? I made most of my money off of the market.

Selling off made $2,211 and it was because I was able to capture the market selling off and Sqqq runs up when the NASDAQ Market sells off again. I Talk about all of these different things within our live trading session. I Just wanted to share my thoughts with you and what I'm doing to prepare right next week is a big focus when it comes down to Tech earnings because Apple who has the largest market cap for any big tech company is set to report earnings Apple has already seeing a significant drop and is already trading below the moving average right? We shall see. If Apple continues to sell off and it doesn't exceed expectation or it guidance is a little bit off, then can we break below the moving average? I'm not here to pretend like I can predict the future, there's no reason to do that.

I'm just saying that if the market does end up selling off and breaking below that moving average on the day chart, I'm going to get ready to short the market very very heavy, right? I'll keep you guys up today and especially if you're part of my Lpp team. I'd Love for you to be able to get an inside look on all of my entries. all of my exits that lead to a successful or maybe a red trade, right? And that's the beautiful thing about these live trading sessions is that you get to see both sides. I'd Love to see you on Monday Second link in the description down below Again, don't forget to subscribe to the YouTube channel.

and also don't forget to drop a thumbs up I Hope and wish you guys an amazing Halloween weekend. Please be safe and I do want to let you know if you are entering our M4 giveaway, you're not going to want to miss out. Click the fourth Link in the description down below. it's our M4 giveaway.

We have a special two-day giveaway that's going to be happening starting tomorrow on Saturday October 28th and it's going into October 29th just 2 days. and if you purchase anything, you'll automatically get get entered for both giveaways. You're not going to want to miss this one again. Make sure you check it out! Fourth: Link In the description down below, make sure you join our VIP text club for all the updates to not miss out on any of the special promotions I Appreciate your time like always.
Let's make sure that we end the year on a green note. Take Care Team!.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “warning next week i m going to short everything”
  1. Avataaar/Circle Created with python_avatars Jamie Jeff says:

    The current market/economy is unnecessarily tougher for boomers/senior citizens, Iโ€™m used to just buying and holding assets which doesnโ€™t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. Iโ€™m really worried about survival after retirement.

  2. Avataaar/Circle Created with python_avatars ReptilianOverLord says:

    Hows the big short going this morning Ricky? ๐Ÿ˜‚

  3. Avataaar/Circle Created with python_avatars Timeless carok says:

    bro I love your. g wagon

  4. Avataaar/Circle Created with python_avatars rene topeka says:

    i'm not shorting anymore. i wait for long only mode now, if there is no good sign from fed to relieve i might skip trading this week

  5. Avataaar/Circle Created with python_avatars Peter Leonard says:

    Do you trade live every day for your LPP team?

  6. Avataaar/Circle Created with python_avatars Julien Karro says:

    Short dezz nuts

  7. Avataaar/Circle Created with python_avatars Dean Dudley says:

    nah he escort

  8. Avataaar/Circle Created with python_avatars Truckin Forever says:

    Let me guess Potsy of happy days, he he

  9. Avataaar/Circle Created with python_avatars aung heng says:

    I know you're kidding ๐Ÿ˜‚

  10. Avataaar/Circle Created with python_avatars Josue Omar says:

    Ricky the ganster ๐Ÿ˜‚

  11. Avataaar/Circle Created with python_avatars Mr. Poet says:

    ๐Ÿ˜‚ before the video even started I was like yo Ricky what you doin man?!

  12. Avataaar/Circle Created with python_avatars Aleksandar Jordanovski says:

    Yes he sells everything ๐Ÿ˜‚
    And next videoโ€ big news buying all โ€œ

  13. Avataaar/Circle Created with python_avatars JESSE SANTILLANO says:

    Pre election market years you always long – Nov -Jan –

  14. Avataaar/Circle Created with python_avatars Mickey Mekhael says:

    ema 45 or ema 90 ?

  15. Avataaar/Circle Created with python_avatars Lil AR 15 says:

    Dude tsla earnings was terrible are you kidding me ๐Ÿคฃ

  16. Avataaar/Circle Created with python_avatars Anthony Gant says:

    The best traders donโ€™t guess they let the market show them each day and they follow. Only egos cause you to guess and make you go broke. You choose.

  17. Avataaar/Circle Created with python_avatars Lobster Mania says:

    Super! That guarantees my long position I bought today is golden!

  18. Avataaar/Circle Created with python_avatars Geo says:

    NO RAGRET!! lol costume

  19. Avataaar/Circle Created with python_avatars Eddie Ljw says:

    Shorting when it is oversold is very dangerous. Hope you will soon learn the lesson.

  20. Avataaar/Circle Created with python_avatars Khalid Ramji says:

    NO RAGRETS!

  21. Avataaar/Circle Created with python_avatars Zeb Fields says:

    Nice!

  22. Avataaar/Circle Created with python_avatars Ted Lofland says:

    Elections for new president soon be ready for short term longs and possible long term shorts. FED been pumping money the past week.

  23. Avataaar/Circle Created with python_avatars SoosV says:

    The banks get to cash out their low interest T-bills till the end of the year, this is usually the month of lowest stock prices, and this might be the last big Christmas for many people. Did I mention that the FED hasn't lowered rates yet? Just like last year, the ship usually comes up one more time before going down. I'm betting on the crash Jan or Feb.

  24. Avataaar/Circle Created with python_avatars HURLEntropY says:

    Why short when we are in extreme fear territory?

    It's just like buying at the top. Smh lol

  25. Avataaar/Circle Created with python_avatars Noumean Rashid says:

    Interested in joining LPP but waiting for another discount as well.

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