We are about to enter by territory what's going on team, it's ricky here with tech, bud solutions and a quick little market update, i'm not going to take too much of your gadgets time. T qqq today is now trading above the uh or at the ema line on the day chart. This is something that we've been working towards ever hitting lows: uh. Ever after hitting lows of about twenty five dollars a share, and now we're about ten dollars more right.

Around thirty five dollars a share, twenty nine thousand dollars is what i made today today was not a perfect day day. Train and again, i'm so grateful for today, we've been absolutely killing it. The past week last week, in just three days of trading i made over 77 000 today, definitely another milestone day. These are not my average days, especially with the market and how it's been performing, but did i do this all with 5 500 shares no right.

There's a couple things that i want to talk about. I am big on reducing position size during uncertain levels and the reason i'm sharing this with you is again. I just want to make sure that you don't get too excited, i'm here to remind you that you need to control your emotions ever since the beginning of january. You guys can see here of 2022..

We broke below the ema line and we've been getting rejected. Every time that it gets close by the ema gets closed by the ema gets closed, rejected by the ema rejected by the ema there's only once this year. This was during mid-march. We broke up broke above the ema and then guess what it peaked.

Russia attacked ukraine. We began to pull on back and the sell-off continued. The reason i'm sharing this with you is because now we're at the ema, some people get ahead of themselves. Undisciplined traders and investors get ahead of themselves.

It's not about predicting the bottom. We've already already waited this long. It's been six months guys, what's a little bit longer, to wait to see if we actually begin to indicate signs of an option, i'm not here to say that you shouldn't be invested. It's not about timing! The market perfectly! I'm invested right.

I have at least 193 000 in the market right now very happy with it, but it's not my full position right, i'm not in it with 20 or 30 000 shares. I trade or day trade tkq with 15 000 shares, but i won't hold that overnight until i can see that the market is actually showing strong signs of an uptrend and that market sentiment is hey, we're recovering that things are actually getting better and that they're not Going to get worse, we've had a very strong week, not just this week, but the end of last week, which is great. It's progress and that's all i want to see. But we need to remind ourselves that we've sold off for five months, one or two weeks of green days is not confirmation.

It's not hey. This is the time to celebrate right. This is only the beginning. I just want to make sure that you're composed and that you're effective with that being said, i am really paying attention to these levels, because this only means that i'm going to buy more and add more if we break above when we get confirmation of making higher Highs and higher lows above 35 to 36 dollars a share for t cube.

This is a nasdaq etf. I would love to see the nasdaq, the s p. 500. The dow jones begin to trade above specific levels and just to show healthy signs of an uptrend.

I don't need them to rally and to aggressively push up. We really don't want that. All i really want is, i want it to go up and then, when it pulls on back, pullbacks are healthy. I just don't want it to go as loud as low as last time and then to show an upward, staircase pattern right and then not to go as low as it did last time, i'm okay with riding that roller coaster.

All i want to see is market sentiment and market direction back in the bulls favor. That would be exciting. You know what would be the worst that you get so excited right now. Let me play out worst case scenario.

You forget about what the past five months have taught you about the market selling off you buy everything right now. Let's say the fed's announced that they're going to take a more aggressive approach with interest rates, and then we make new lows and we drop below twenty four dollars a share. We dropped down to twenty. We dropped down to fifteen people, love to ask ricky.

Why did you reduce your position size because things are still uncertain? Why would i be fully invested if we've been selling off for the past five months? There's nothing wrong with having some skin in the game as long as you can tolerate it, but having all of your eggs in one basket when direction and market sentiment is still unclear. I find that to be a little foolish. Don't you so i'm very excited. I have my watch list set.

I have four stocks that i'm investing in and that's all that's the same thing that i would love to encourage you. You don't have to trade and invest in everything. It's not about being perfect. The smaller you keep your watch less.

Hopefully, the more effective you can be more effective with your trade plan when, to average up when to reduce position size if things go south how to manage your risk right. It's not just thinking about the best case scenario, but also taking into consideration the worst case scenario. This is something that i'm very excited to follow up with tomorrow during our live trading session, i'm excited to see i'm excited to see. If hey is the market going to continue to rally today was insane today was literally a crazy crazy day.

I sold most of my position when we broke um right around thirty four hundred dollars a share. By that time i had about ten thousand shares. I already reduced it from fifteen thousand, and all i began to do is because there was no break of pattern. I just let you know the rest of my shares kind of ride with the market.

The more the market went up, the more money i made. I stopped trading really at 23 000. I posted it on my instagram, i'm done trading, but i'm gon na leave 5500 shares because the market is still, you know, bullish, and it's kind of this idea of let your runners run. If there's no break of pattern, there's no reason that you need to cut losses.

I mean to lock in profits something to take into consideration, but if you want to lock in profits early again, it's better than going from green to red. So all power to you there's a lot of different ways on how to approach the market and still walk away with making money. So if you have any questions that you guys would like to ask me, i'd love to answer them for you. The first link in the description of this video is my free trading group chat.

I do prioritize my learn plan profit group, so that's the group that gets to watch me. Trade live every day, i'm going to be live tomorrow at market open, i'd love for you to tune on in. If you've ever wanted to see me, trade live click. The second link learn a little bit more about the learn plan, profit group and, what's included, and hopefully tomorrow i can see you for my live training session right at market open with the lpp team.

One of the things that i do want to remind you is tomorrow at the hq from 1 pm to 3 p.m. We are hosting a free pizza party. I hope to see some of you guys there and that's at our hq in chandler arizona feel free to google search it tech but hq it's in chandler, arizona and i'd love to see you there. It's open invite free to the public, and i really just you know - want to meet some local traders and entrepreneurs.

So i really do appreciate you guys time hope that i earned a thumbs up. Please consider subscribing i upload new videos every single day and i'll see you on the next one. Like always, let's make sure that we in the year on a green now, take it easy team.