Hey: what's going on team, it's ricky with tackle solutions, a quick little market update uh, one of the things that i wanted to start this video off by sharing is i'm not too sure if you guys actually saw the different companies that report earnings today uh, but One of the companies that everyone is talking about right now that just got absolutely destroyed is target target is down one. Fourth, 25 of its previous value just wiped out check this out on the day chart significant drop to 159. It was previously trading at overall highs of 265 dollars a share, and that was just in late 2021. As of now it is now trading at 160 dollars.

A share. A lot of people are asking: hey, is now the time to buy. One of the things that you must understand is that when something sells off it could continue to sell off. So please understand that and do yourself a favor and don't just buy because it's cheap, but have a reason behind what it is that you do piggybacking off of that the market's down today.

Surprise. Surprise right! One of the things that we talked about in yesterday's video is hey. You guys should all be aware of the resistance level at the moving average. This resistance level has been present for the past month ever since the beginning of april.

I wanted to show you this firsthand. You guys can see that the overall nasdaq market has been bearish for all of april and all of march it's been getting rejected by this moving average every time that it picks up. It gets rejected every time that it picks up. It gets rejected every time that it picks up it gets rejected.

I actually want to give a shout out to randall. Randall commented that hey my my tip of hey, be aware of this resistance level is, is, is hopeful that the market's going to be up tomorrow like this is the part that baffles me from people on youtube and and the reason i'm i'm i'm using randall as An example it's because i i know for a fact that there are so many people like this uh that all they do is they think that the market's going to recover out of nowhere right and or they trade, does this sound familiar? They trade off of hope off of what they hope happened. It's almost like all the reddit amc and gme traders. Where are they at now right? Well, they held from 74 dollars all the way down to nine dollars or from 300 all the way down to.

I don't even know where gme is at right now, probably like 80 90 - a share. It's it's sad! It is so sad that people cannot make sense of a trade regardless if they're invested or not, that there's an obvious resistance level that they they can't digest, that that they can't make sense of like hey. Maybe it's not the best idea to buy more at these overbought levels where there's a potential resistance level like i would love for the market to recover. I mean i bought the dip on tesla.

I bought the dip on apple, i'm buying the dip on amazon about the dip on t eq. You think i wanted to sell off no, but it's not about what i want to happen. It's what has been happening for nearly the past two months, and this is my encouragement for all of you - don't be like randall, don't be someone, that's so pessimistic that all they do. Is they feed themselves the idea of what they hope happens and keep your trading simple trade off of what makes sense and what the market's telling you, either on the technical side and or on the fundamental side, understand overall market sentiment.

But i think that is a great stepping stone for all beginners is to look at randall and randall's actions and to use it as an example of what exactly not to be like right. Because now what t? Q q is down 7 and fortunately i reduced my position size yesterday right so now i can get it at a discounted rate and it could still sell off. I mean we have previous support levels of 26, but i can either use the money that i sold yesterday. I had a thirty two thousand dollar thirty four thousand dollar day yesterday um, then i can utilize that capital put it into tqq now at a discounted rate.

So i'm very excited to follow up. Is the market not all about? You know managing your position size, it's not about always being right, but it's making sure that you put yourself in a position in which you can tolerate not just for best case scenario, but always take into consideration worst case scenario. If the past five months hasn't taught you anything at least let it teach you this, the cheap can always get cheaper, so i'll leave it at that. I really do appreciate gadgets time if you guys want to be able to watch in trade live as soon as tomorrow uh.

We do and are running a huge sale as of right now i trade live every single morning exclusive to our learn, plan, profit group and that's going to be a hundred dollars off. That's gon na be that second link down below again. If you want access to that live training session, make sure you click that second link down below also friendly reminder. There is a free flag with every order today at shoptackbuds.com and that's that fourth link down below.

So if you want to pimp out your trading station with some aluminum art, some trading mouse pads or some of the aluminum periodic elements, make sure you add your favorite flag to your cart and you'll actually get the flag for free automatically. No discount code needed and again that's at shoptechbuds.com. Like always, let's make sure that we in the year on our green now take it easy team.