SHORT EVERYTHING!!! (MARKET CRASH LIVE UPDATE)

TL;DR

The market closed with gains of over $10,000, and the bull ETF TQQQ saw positive movement, indicating a long-term bullish sentiment.

Transcript

hey what's going on team it's ricky with tackle solutions quick little stock market recap uh we closed the day on sqq a little bit over ten thousand almost eleven thousand dollars on the day and t qqq which is the bull inverse etf uh this one was uh right under 1300 so you guys can see my quantity shares i held 250 shares of tqqq that is the bull e... Read More

Key Insights

• 🙈 The past week has seen significant gains with SQQ, contributing to a successful period for the trader.
• 🥹 Holding one share helps track overall position and gauge profitability accurately.
• 🧘 The focus remains on position sizing, favorable market direction, and taking profits or managing risk.
• ☠️ The overall market sentiment is still bearish due to the Federal Reserve's focus on interest rates and inflation.
• 🥶 The trader provides free responses to questions and offers live trading sessions on Discord.
• 👥 The Learn Plan Profit group, with a conservative trading approach, is available for those interested.
• 👊 Lifetime access to various resources, including video lessons and a private chat, is offered to group members.

Questions & Answers

Q: Why do you only hold one share of SQQ?

By holding one share, I can easily keep track of my overall position and see my profits or losses in real-time. It helps me stay updated and make informed decisions.

Q: Why don't you hold SQQ overnight?

SQQ is an inverse ETF, and if the market turns more bullish in the long term, it can have significant bull runs. Holding it overnight carries the risk of missing out on potential gains.

Q: Why do you only aim for small profits initially?

When starting out, building comfort and gaining experience are crucial. Gradually scaling up is the goal, and by earning consistent smaller profits, one can eventually trade with larger amounts confidently.

Q: Why don't you hold more SQQ shares overnight?

Holding a large amount of a triple-leveraged inverse bear ETF brings significant risk. If the market recovers, substantial losses can occur. It's important to make decisions based on market analysis and risk tolerance.

Summary & Key Takeaways

• The day ended with a gain of over $10,000, with TQQQ, the bull ETF, performing well.

• The market is currently bearish, but historically, it tends to be more bullish in the long term.

• The trader holds 250 shares of TQQQ, which is below 10% of their overall position size.