What's good, what's good, what's good, my friends and family welcome back to uh trace trades great to have everybody here today. So, as you can tell uh, if you are up right now and looking at the market, everything is getting slaughtered absolutely slaughtered. There are almost no plays right now unless there's an otc marketplace besides amc, which is uh, which is crazy by the way that is, that is uh being safe from this crazy market, pullback and correction. No, not even amc, is even down now down about four percent.

Here, there's a crazy selloff happening in the market right now, so everybody out there is probably wondering what the heck happened. What should we be worried is this: is this that crazy market crash that everybody was talking about right right? Well, this video is going to be talking to you about what you can do in this situation right because um, i'm sure people out there freaking out. I i know that my personal portfolio, i'm down now, i'm down. I just dropped an insane amount of money.

Very, very fast, i'm i'm down to about 5241 bucks and uh. I was before sitting at what would be around uh 5800, so i'm down a pretty decent amount in a matter of minutes, and i watched that happen. I watched that tank before my eyes, so i can show you you know. I was down to 5260 bucks slowly working its way back up here, but jeez, that's gnarly.

So what do we do about that right? What do we do about our plays? What do you do about swing trades? What about our long-term plays right? I'm gon na tell you my personal strategy what i plan on doing with all these different situations. So to start off here i want to show you the nasdaq we're going to pull up the nasdaq we're going to show you all the times that the market has in fact crashed. So i've got this up on a weekly chart. This is uh.

Each candle represents one week of price action and we're going to show you the last times that we've had major market pullbacks. So there are three that i can see right off right off the top of my head right. So we've got this right here, which is a pullback that happened. You know around 2020 between uh september and october.

We were in about a one month in in some change. Bear market right. So look at that we can look at uh. You know that that would be right around the time when we had you know.

Covid was back here. We had that major pullback in march we had another small pullback in uh in september and since then it's been a very bull market. Well, as you can see here, we broke that ascending level of support that overall growth that we've been seeing here on the nasdaq we broke that with this wide range candle, so there's pretty good odds that we're going to see a pullback beyond now that we've broken That level of support right beyond that, and how much are we gon na retrace right, it's tough to say, exact amounts. What we can do is look at previous pullbacks and get an idea from there, so we're gon na draw it up from the base of where that that level off stopped from from the peak right here - and this is the peak you can see - we pulled back About 50, which is a healthy, healthy pullback, that's typically about what you're looking for in terms of pullbacks uh.

So if the exact same situation were to happen again, you do a 50 retracement right. What is that going to look like? Well? That means you're going to retrace on the nasdaq. You know right around here, which would be down about 12 798 points. So that's a pretty pretty major fall.

We're not even we're not even uh close to that, yet obviously we're we're currently sitting at um. You know about 13 223 points, so that's a pretty major difference. It's a pretty major difference, which means there might be a little bit of downside uh to come here. I i've seen all these users talk about it.

You know this this. This possible upcoming market crash um, it's healthy, these opportunities uh. What they're gon na do for you is give you the chance to buy into your your major plays for very, very, very cheap. So i know personally, what i'm gon na be doing is when i have some dry powder laying around my friends, i'm gon na be dumping it into my long-term stocks.

Right uh, as you can see, every single stock out here is way way way cheaper than it was before. Gnog down 12 e h down 12 percent, my microvision down 11 agtc is almost down 20 guys. If you look at these these pullbacks they're gnarly, i mean you look at this on a one month chart. It just looks like a crazy, crazy, sell-off uh.

If we look at httc sensonics, uh cciv, all these plays are getting swagged right now right and we don't want to get scared. We don't want to get scared, we don't want to panic, sell, we don't want to take losses, unrealized losses, i should say especially in our positions just because these plays are red. In fact, what what i prefer that everybody does right and what what i, what i think you should do, especially with long-term, plays we're going to talk about swing, trades and short-term opportunities in a little bit here with your long-term plays. Please have some uh dry powder set aside if you have any right and take the opportunity to average down in your in your stock right because um in the long term right we're thinking years down the road for microvision.

I don't plan on holding this, for you know a month or two months, if we say just hypothetically speaking, we see a bear market for an entire month. What's gon na happen, your players might not look that sexy right. It might look like you're losing money. It might look like you have no idea what you're doing it might look like you know: you're, not gon na survive this, but bear markets.

Don't last. We come back here to the nasdaq right and you look at this. You know macroscopically speaking, the covid crash right, which is a huge, huge, huge catalyst for this market crash lasted for six weeks. Five weeks right, we said we lasted for five weeks.

Just a little. Over a month, we saw a little bit of a recovery right. That's the last five years now we just come back out and we look at some more major market crashes. There was a time in which we saw a crazy uh.

You know, probably three months bear market right, so we saw you know this this one. Two three: four: five: six seven eight week, pullback followed by another about eight week pullback until we got some recovery right. So that's about uh. You know three and a half months, four months or so, but macroscopically speaking, my friends, you just need to be patient patience, patience, patience because nothing less right, bull markets, don't last bear markets, don't last, and this is the time which you really have to test your True obedience and uh, i should say, what's a good word for this, your discipline right, so you need to truly test your discipline here if this does end up coming to fruition, which, if i had to take a guess, just based on a technical analysis alone right, We ended up breaking support.

We ended up breaking that ascending level of support right. That is a wide range candle that is broken beneath that level of support, meaning that, at this point, my friends - and i don't want to make this video until i saw it with my own eyes - happening uh, because i don't like fear-mongering, i don't like just spreading Fear i don't like telling people that the worst possible case scenario is going to happen, but that's what we're looking at this is exactly what it is. I'm just gon na tell you how it is my friends and, as it sits right now, looks like we are going to enter a bear market and how long is that going to last? Nobody knows for sure, but looking at previous pullbacks right that was uh. That was a three-week pullback.

We saw a nice bounce four weeks if you want to count that candle. Ah, this this previous one before that the covet pullback lasted a little over a month as well - and i don't see you know - some people are going to blame biden which is to stay as apolitical as possible. I don't think fair to him uh, because there was a period in trump's presidency where we had that pullback too right. We had.

We had a couple pullbacks during trump's presidency, so um, i don't think that's fair. I think you're doing yourself a disservice. If you want to blame it on a president, this is the way that the market works right. Markets go up and markets go down.

Healthy pullbacks are not a bad thing right. You scoop up opportunities, you buy dips and you sell rips right. So if you're long-term plays what i'm gon na do personally right is i'm gon na watch for a couple days, i'm gon na see how how far these stocks pull back if microvision pulls all the way back down to 10 bucks, i'm going to rub my hands Together, like this, i'm going to oh thank god that microvision pulled back to 10, because i know it's gon na bounce back, because i know what i hold right, and this doesn't also necessarily mean that you're only gon na have red plays in the market. We got sqq pulled up here as an example of a stock that is, in fact not read right now.

Um i'd be interested to see how the rest of the cryptocurrency market is doing. You know. Most of these plays are down right now as well, but i think you're going to have opportunities in the market that are going to be green, which brings me my next point that swing trade opportunities might be a little more risky right now, so you're going to Need to kind of examine your current uh, i shouldn't say you know level of expertise or your level of knowledge in the market, but um you're gon na have to really make sure you step step down and look at your convictions. Look at your game plans right.

This is gon na be a time where stop losses are more important than ever. This is going to be a time when you need to be really choosy about the swing places that you that you take right because um the opportunities aren't going to be as frivolous as they were. Previously, it's going to take a little more. You know research a little more due diligence a little more time to evaluate and see hey right now the market is red right.

The the the opportunity for me to be green in these times are not exactly great, so take that for what it is right. I'm personally going to be very choosy about my swing plays. In fact, i am not going to take a swing trade unless i have an exact reason to believe that it is going to go up right. Sometimes we get in just based on technical setup alone, but with these times right now, you're really going to want to get that hybrid system in so the technical analysis and fundamental analysis so like getting a great technical setup, making sure they've got an upcoming news, catalyst Making sure that you've got an increase in volume, green volume right, not not red volume, that's what i'm gon na be looking at for swing trading opportunities and i'm gon na present.

You guys, you know the experimentation opportunities to the table right. I'm gon na bring to the channel whenever i can, but i'm gon na be very, very choosy, my friends about what i'm putting out there. So you might see less swing trading from me right until this until we get back into a bullish market. That's not because i'm dropping off the plan, it's for good reason.

I don't want to screw you guys right. I don't want. I don't want new investors out there to get burned because we got greedy right. So this is the opportunity for me to take a step back right to watch a little bit of pullback to sit with a little bit around the portfolio.

Don't get scared losses are not realized until you sell them right. You're gon na see someone realize losses in your portfolio. I mean i know i do right now, so don't get scared. That is what i really really want to double down on right now, when people sleep as chris says, we eat right.

So we're going to take this opportunity for the market to be read, to buy the dips and sell the rips we're getting we're coming back on a dip now tesla, a very strong stock is down seven point: five percent right now. I said this i said tesla. If it pulls back, it's gon na pull that back down to that that's 600 to 650 range. No stocks are immune to healthy pullbacks, except for tesla most of the time, but even at market pullbacks right, tesla's not safe.

So take these opportunities, my friends to if this is a one or two day, pullback, that's not the end of the world, it's not the end of the world, but if it lasts longer than that right keep some dry powder on him, because i know that is What i'm gon na be doing personally, i'm gon na take the opportunity here too, dog cost average down on some plays some long-term plays that i might have missed the boat on right, like cciv is another great example. A lot of people are freaking out about cciv right now, because they think this game is over. It's not over right. This is an opportunity for you to get into this stock for way way cheaper to me than it is worth.

I think that cciv is gon na be a sixty dollar play easy. Honestly, i think more than that right, it's already hit 65. I think it's, i think, at the end of the year, you're looking at 80 90 100 play after this merger is affected uh. This is an opportunity for you to get into this for way cheaper than it's actually worth because everybody's pulling back here on the market, so um.

That's. I want to keep this as as simple as i can. To sum everything up right, uh long-term plays take the opportunity to average down right. If you have dry powder laying around keep some of it.

You know, i would say a little bit at a time if you've got two thousand dollars that you want to put into a play. Maybe you spend a couple hundred of that on on on one day next day evaluate the market at pre-market. If it's another red day, then you've got another couple hundred to deposit it the next day, if that's another red day, you just keep repeating and repeating, and repeating until you see that you got a nice trend reversal, you got some green across the market. At that point, i feel more comfortable, saying hey at this point: we can.

We can empty the rest of our dry powder into these long-term plays and take advantage of that, and i feel pretty comfortable about being able to ride that back up. You might not be green for a while. That's my second point: you might not be green for a while, don't sweat it. We play a long term game nickels and dimes.

Baby nickels and dimes over time is going to build out your portfolio right. These unsexy plays these unsexy pullbacks right, where you're red, that's setting you up for future gains that other people are not going to realize because they got too scared of the bear market. So that's. The second point that i want to make third point is be very choosy about your swing trading opportunities right, be very, very careful about how you go about getting into these plays make sure that you, you choose ones with great technical, setups and great fundamental setups and Ones with great news catalyst as well, i try not to be pessimistic and i'm not pessimistic in the least bit.

I'm honestly excited that we're getting this opportunity to buy into our place for much much cheaper, anticipate that this takes some time just about the worst case scenario. Hope for the best case scenario right so worst case scenario. This is another one-month pullback, like we've seen here on the nasdaq right. This is another one-month pullback, like happened back here in september or like like happened back here with the kovid pandemic right.

That means that we got one month to load the boat. That means you've got one month to buy things on discount right, so take the setup. Take it for what it is. It is what it is at this point right if this ends up coming to fruition, which i do think it is going to right.

If you look at the previous trend and the last time that this happened right, how did it happen? Well, you broke that ascending level of support with a wide range candle and that's exactly what we see right here. So i'm gon na wrap this video up. If you guys enjoyed it, please drop a like if it does help support the channel and consider subscribing if you like, to see more content like this. Lastly, i'm gon na fill in the description box down below for weeble.

This is version four, for the desktop great platform allows you to start trading it for them in the pre market. Use money get two free stocks at the 100 deposit i'll receive a free stock, great for the channel, my friends and, if you're, not interested. That is totally fine. I just appreciate your support by taking the time to watch my videos, so that is what i have for you guys today.

Thank you for watching my friends and i'll see you all next time. Keep it keep it real, keep it keep it keep. It gain, gain city, baby, peace.