So did we call it or did we call it guys? This is not something that i wanted to be right on. What's going on team, it's ricky with tech, bun solutions. Yesterday i made a video and i also sent out an announcement to my learn plan. Profit group, the nasdaq market yesterday gapped up after the fed meeting after raising interest rates 0.75.

It was kind of like deja vu for me and that's exactly what i said in yesterday's video. You guys can feel free to watch it. The market closed nearly at 10, and this reminded me the reason that it was so easy for me to remember is because i remember making a video almost a month ago, a little bit over a month ago, and it was after the feds raised interest rate. Um.

Half of a percent and the market reacted in a very positive way and everyone was kind of scratching their head. They all said the same thing. Oh, this is already factored in it gapped up nearly 10 and then the next day. This was may 4th for those that are unaware.

I want you guys to be able to see this. So if we go back to may 4th, i showed you guys this in yesterday's video uh. Let me just make sure that i can pull it up. May 4th a gapped up during the later half of the trading day, so we can see that right on over here may 4th right.

You guys can see the date right here may 4th and we gapped up, and i made a video because i just landed in hawaii. You guys can go back to that date. I recap my trades. Every day i made a video - and i was like hey - i'm choosing to sell fifty percent of my position up here.

Why and everyone was like ricky, oh my god, you're gon na miss out on this ricky. I can't believe, like you're gon na sell half, why? Why would i sell half well just like yesterday? Why did i not get very excited because we're still in a bear market and one green day - does not define an entire market recovery so, instead of getting very excited about a small movement? Yes, i understand its progress, but it's normally a short-lived catalyst and these same factors that influence the market to go up on may 4th were the same ones that influenced the market to go up. Yesterday we raised interest rates 0.75, something we haven't done before right in 30 years, nearly 30 years and what happened after? Not only did we give it all back, but we ended the day at 14 in the red, if i'm not mistaken, and then it continued to sell off a little bit more aggressively over here now fast forward. Yesterday, right we gapped up.

I made yesterday's video. I sent out the announcement to my learn plan profit people love to ask. What's the point of being part of your group, it's just like all i could ever speak from is not that i'm perfect, but i can only speak for my experiences, so it's like i'm not gon na, be, like oh told you, so because no the whole point Of taking risk management into consideration is not because you hope that you are right because i'm still in tqq, i don't want it to sell off it's just looking out for yourself. That's all it literally.

Is it's not about ego, it's not about being right. It's just looking out for yourself and for all of our beginner traders for worst case scenario and guess what five and a half months into this year, the market's more bearish than it is bullish. So if you're scratching ahead and you're asking ricky, why are you so obsessive about risk management? I can ask you the same thing: why are you not as obsessive about risk management during one of the most uncertain times? It's like why not right markets have been bearish. This is a time to be selective, not scared, but to be selective.

I also wanted to let you guys know i actually just posted it in my learn plan profit group um, i added 1 000 shares 500 shares to my tqq position, so i originally had 5 500 shares. I reduced it to 4 500 and now i'm at 6 000 shares. I decided to buy the dip, i'm just letting you know as an update. Would i encourage an absolute beginner to buy the dip with me? No, i cannot stress that enough, just because i'm okay, with taking advantage of an opportunity, doesn't mean that it's going to go according to plan first and also, if things go south, it doesn't mean that you can tolerate the same type of risk that i can.

I can take a pretty big hit and be okay, but can you remember, do not put yourself in a position that you simply cannot tolerate? There is a lot of opportunity among us. I choose to trade tkq, you don't have to a much more conservative or safer route would be qqq. It's a single leveraged etf and it's not triple leverage or pick a normal stock. Look check out.

Amazon check out apple check out. You know i don't know tesla whatever it is that you want to look into actually just filmed a video with nana about her investing in her first stock in the stock market. She's like 70 years old, and i thought it would be a great video showing her. How to buy her first stock and what better time right? Well markets are very oversold.

We took position size into consideration, we went in very light and she went into a great quality company and i think that's what's the most exciting, you can look at days like this and yeah being down 12 percent on tkq. It's mind-blowing trust me, i'm right there with you or you can make the most of it right. It's all about perspective, understanding that there is great opportunity among us, so you can either be very selective, create a plan for when the market does recover, because we all know it will it's just a matter of time. So will you give yourself and put yourself in a position now to be able to tolerate the time that it will take for the market to recover? That's really the only question you should be asking yourself: it's not about being aggressively invested, it's not about being in the right stock, it's being lightly enough invested and or cash enough that when the market does begin to recover that you can follow through with your plan With proper execution and take advantage of the opportunity that you see the most value in that's what i'm most excited about to stay calculated, keep that watch list small stay, selective and stay light.

Things can definitely be more uncertain on friday, 45 minutes before the market opens. Jerome powell, the head of the federal reserve, is going to be speaking. I wanted to ask you if you guys want me to host that live stream. Let me know down in the comment section and get this video to over 1500 likes.

If you want me to live stream that video, i just want to make sure that enough people show up that it's worth our while. I appreciate you guys time. I hope that i earned your thumbs up. Please consider subscribing.

I upload new videos about the stock market. Every single day and friendly reminder, you heard me talk about them. It's literally the only group that i work with on a closer basis. It's the learn, plan profit group and they get to watch me.

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I appreciate your time like always, let's make sure that we in the year on the greenhouse, take it easy team.