Everything You Need To Know About This Market Drop

In my opinion, this day was long overdue. What's going on, guys? It's Ricky with Tech Solutions here with a super quick market update. NASDAQ at one point was down over 3% today. And again, it's on track for one of its biggest weekly decline since April of 2025. Nearly $3 trillion was wiped out of the market in just the past 10 days. This has put the NASDAQ just 2.5% away from entering a technical correction. Now again, this shouldn't really surprise you. Markets had a beautiful rip up literally for no reason, right? And just as quick as it rips up, everyone that was celebrating that was an investor, right? If you're celebrating because you're a trader and you're taking profits as it goes up, it makes sense. We're all here for the same reason. It's to make money. Don't I it it baffles me how some people get offended when others celebrate as markets go down because there's either short sellers which again is not designed for beginners but also there's people that are just seeking to find good deals right and just as quick as it ran up for no reasons are now pulling back for that same reason right there are concerns with the AI buildout with anthropic news right with coreweave news we talked about it all earlier today there's the concern about the chip manufacturer in China they just reported amazing earnings. Uh there's a concern with coreweave and the fi uh the financing behind it and that whole infrastructure. Are these companies overvalued? Anthropic went from a $2 trillion valuation out to 1.5 trillion. Remember the only people that freak out when markets pull back are those that did not prepare. So for everyone that again was encouraging everyone to buy at these elevated levels, I want to remind you this is why we wait for pullbacks. Now, in my opinion, it does begin to make more sense now, and I've been very vocal about it, to go long and begin to buy the dip as markets, first are more bullish than bearish, and second, the potential for profit based off of previous support levels, which is 700 for QQQ, which is the NASDAQ ETF. The potential for profit is significantly greater than the potential for loss based off of recent support levels. Remember, patterns tend to repeat themselves, but they don't always have to. There is fear in the market as of right now and because of that markets are correcting. There's so much concentration in AI stocks. So as fear begins to get injected with the AI buildout then because of that those AI stocks begin to sell off harder than others. NASDAQ market is the least of my concern. When you look at cororeweave, if you are a cororeweave bag holder, I don't even want to just talk about how much you're down in just the past few days, but also from its all-time highs 187 has not been able to recover yet. It's a very right popular stock. Now, don't get me wrong, does it make sense to continue to short it down here? Heck no. It's at a previous support range and again, it does a really good job eventually recovering. They don't last very long, but when it recovers, it could I could see why traders, not investors, traders would possibly want to buy the dip, sell the rip, right? NBIS, a very similar story. Very popular stock. Don't know why, right? Nonetheless, aggressively sold off, decent sell-off, has become oversold, and now I could see why people could entertain it as a trade to be able to buy the dip and sell the rips. But position yourself as if you were wrong. What I mean by that is understand that it can get worse before it gets better. So, make sure that you can tolerate volatility. That's all I'm going to continue to say and repeat myself as we reach these oversold levels. Next week, we have earnings. Big names are set to report. Markets are going to react. Don't just think because we've bounced here before, we have to bounce again. I hope they do. You're hearing it from me. I hope markets bounce. I've been buying up a few different companies, but very lightly knowing that it can get worse before it gets better. And my team is ready. If markets do begin to recover, not just with my long-term account, but my trading account, I'll go long. But if markets do break that support, then I'm positioned to tolerate it, right? The only people that freak out are those that do not prepare. You can't predict the future, but you can always prepare for it. Well, Ricky, how do you prepare for things to get worse? You don't buy so much that you can't tolerate things getting worse and you have enough cash on the sidelines that you can take advantage of the deals. So now if it does actually sell off a little bit more, better deals. We're all here for the same reason. It's to make money. Don't be mad just because people position themselves better. This this weekend, what I'm going to focus on is I'm going to create a list and go into them, not just technically, but fundamentally of specific stocks that I'm finding attractive at possible oversold levels. They're not picks that you should just blindly buy. But I hope that we can have a conversation about some that are riskier, some that are a little bit more conservative that hopefully out of maybe five or 10 that I talk about, one meet your criteria. Again, let me know down in the comments section if you would like to see that. One of my favorite stocks that I that I enjoyed trading today was MSTR. I have to say, right, the whole removal of the MSCI index. I love it. And I think that truly for this stock, things can get worse because fundamentally things are changing. It's getting removed out of an index. So, all of the funds that track that index will be forced to sell MSTR. That's nearly three uh $3 billion worth of sells in the next few weeks. So, if you think that today is bad, it is. But just know that it can get so much worse. I made $3,100 shorting MSTR today. And just so you could see, I don't carry the position overnight. Oh, Ricky, but if you're so certain, I'm not certain about anything, which is why again, I want to lead by example, and I'm not afraid to take advantage of a risky trade, but I'm also not naive. I understand that anything can be announced over the weekend. Markets can begin to recover. And then at that case, you know, I don't want to position myself where it could be technically oversold. can have a dead cap bounce and then the trade goes against me. I made my money, I closed it out and I bounce. We'll wait until Monday when markets open to see what presents itself. But this weekend, I want to make sure all of us begin to prepare and create a plan of action of what's the one, two, maybe three different names we plan to invest in that are now good deals. This is exciting, but don't ruin it for yourself. You'll ruin it for yourself if you buy too much too early on thinking that just because you bought it now it has to recover. You are no different than anyone else. Do not position yourself to fail. Again, I'll do my part in keeping you guys up to date and hopefully some of you right if you want to join us on Monday at market open for our live session 225 off. It's our October sale. It breaks down to $1.30 a day, less than a cup of coffee. And even before you join, I want you to watch a recent live session. So, if you like what you see, we go live every morning at market open for 30 minutes to an hour. And even if you don't watch live, you can always rewatch it. And yes, you get access to the LPB Discord and the lesson library. That's all included. It's the only service that I offer. Nothing else. Onetime payment, lifetime access. And again, it's the second link in the description down below. I wish you guys an amazing weekend. Congratulations to everyone that killed it. It was a very a very volatile and choppy week. So, if you feel kind of like shake shaken out or shaken up, understand that we have an interesting week ahead of us. Less to do with CPI reports and more to do with earning reports. I'll do my part in keeping you updated. All I ask you to do is to make sure you follow for more updates and hopefully I earned your thumbs up. Everything is linked in the description. Don't forget to check that out. And like always, let's make sure that we end the year on a green note. Take care team and happy