Hey, what's going on team, it's ricky with tech, but solutions, a super, quick video. Just to answer the question of like. Why is tqkq, you know cut in half uh yesterday it was. It was at highs of 152..

Today we opened at like 76.77 now we're at 75. is cqq down 50. The simple answer is: no: if you look at sqq, which is the inverse etf uh, this thing looks like it went from six dollars to 32. We've talked about this.

They announced this right. Tqqq went through a stock split as qqq went through a reverse stock split. If you're part of learn, plan, profit or learn plan profit. 2.0.

You should know what a stock split is right for those that do not know what it is ask qqq. What they did is what they five x, their price per share, meaning they reduce the shares available by five right. So, therefore, if you had five shares before at six dollars, you now just have one share at 32 and vice versa. If you previously had one share of 150 for tqeq, you now have two shares at 75..

I want to give you a dad analogy of this and you guys can. Let me know in the comment section how i did people are asking. What do i need to freak out all this stuff? I would be more freaked out about sqq because any time that they tried to make their price higher. That's when it's scary amazon, if i'm not mistaken, went through a stock split tesla went through a stock split by reducing the price from 150 to 75.

It makes it more accessible, and recently it's really popular to do this, so it gets treated more. It doesn't mean that it's going to it just makes it more accessible. What used to be at 150 now is that 70., so maybe someone that couldn't buy one share at 150 can now buy one share at 75 again, but really quick. What is this? This is one apple, everyone's concerned about like well.

What does this mean for, like i had five shares of whatever right of tq. Now i have 10 like what does this mean? This is one apple right, my dad analogy. Let's say this is tkq. This is one apple, though right, if i split it right and i cut it in half, it still makes up the same apple, but again now i just have two pieces of it that make up that one apple.

I know it's a horrible analogy. I'm gon na be a dad now right, so i can get away with it. But again, if you had three hundred dollars invested in tq eq right, you had two shares before and now you have four shares your your 300 is still 300. Nothing has changed with that your trading platform, depending on what you use some update quicker than others.

It should update you, don't have to freak out if you're using a paper trading account it might not update, depending on that paper trading account and the platform that you're using. But you don't need to freak out, i'm not worried about tqq again, you have to understand. Tqqq and sqq are based off of the nasdaq markets performance. So it doesn't matter.

You know. Teq is not going to be up because it's doing its own thing. No! It's based off of the nasdaq performance, so i don't care if tq went through a stock split now i just have more shares, but i have the same market value of it right. What i am concerned of is this moving average on the four hour time frame for ix ic, which is the nasdaq index.

I want to see nas the nasdaq break above the moving average. Until then, i will not add more to my position size. I don't care about tq, i it could be at ten dollars per share right and it can well. I don't want it to go ten dollars per share, i'm just saying if it did a stock split and it went to ten dollars a share.

Those are normal. Look into those stock splits are normal right. It does one about every year. It's an etf.

What is important is understanding what it correlates to tkq responds to the nasdaq's performance, not vice versa, when the nasdaq market goes up, so does c q when the nasdaq market goes down so does tqq. That is what is important so for the swing trading challenge for the day trading challenge, whatever it is that you're doing just take time, whatever your plan was before right, whatever your plan was before you just have to readjust, so the previous support level was at 145, But now it got cut in half right. So again, it's just probably going to adjust so 145. The new price is 72.50, it was at 170, the new price is 85.

and again you just go down the list. Take one to five minutes restructure your plan. It's not that you have to re-plan out your entire trade right. It just means that you have to adjust these numbers according to the stock split everything should a sense stay.

The same, make sure you take time to accommodate this change, so you're not surprised. Well, i didn't know right because i wasn't familiar with these numbers, because i was familiar with 150. I don't want to hear that excuse, take accountability, implement that structure and hold yourself accountable again. I really hope that you learned something new about stock split, hope that earned your thumbs up.

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You heard me talk about them. It's the learn, plan profit group. It's the full, a to z, video lesson library they get to watch me. Trade live every single day and again that's that first link in the description.

I really do appreciate you guys time and like always, let's make sure that we end the year on a green. Now take it easy team.