 Welcome. This is Melissa. Oh, the stock's pushing. I'm gonna review the spy So what's happening today? I completed and told a reversal of the rally yesterday, which made no sense But it did occur And again just goes to show you how fast how quickly how easily things can change in a dime You must know how to trade in this market. So I'm just gonna go back to the beginning of the year you know again a Lot of traders like to buy dips I will tell you from doing this now for 14 going on 15 years trading the US stock market that buying the dips does not Consistently work to make money trading even in strong stocks or weak stocks or anything at all or even in the market It doesn't but in January a lot of retail traders bought the dips in the market and stocks all over the place And it worked and they made money So then it was very easy for them to trade and make money and people thought well This is all well and good easy. This is the camp of retail traders that like to buy dips Retail traders that like to buy dips got crushed in 2022. Why because the market fell all year I mean, let's go back to this is 2022 to the market fell you're in 2022 people like to buy dips got crushed People did it very easily in January who liked to buy dips again I'm talking about the buy the dipper people and they made money and then all of a sudden they thought oh Everything's back to normal Everything is not back to normal because there is no normal in the market in reference to buying dips You can't do it. You can't do it. It does not work consistently if you want to Take money out of the market on a consistent basis as an active trader as a retail trader I don't care if you're doing options trades. I don't care if you're doing swing trades I don't care if you're doing day trades. It doesn't work. I could probably say this Like every single day from now until the end of time and people would still do it It's like one of those very rigid forced mental Things that people wrap their head around and strongly believe in even though consistently they lose money doing it Okay, and in 2022 people that bought the dip lost a lot of money doing it But again one of the reasons that retail traders are not successful is because they do not have a consistent strategy that works in any market conditions and they very often will go rear to the side of doing something what they think is easy or Works or make sense to them which is buying dips and then they lose lose lose lose lose lose lose lose so expect starting today retail traders to get crushed this month of February worry because you can see right here exactly what's happening and how quickly things can change and how fast things can change in a dime and if you like to look at fundamentals and I know I don't look like to look at fundamentals I do it because I have to do it to talk on TV but it's not something like I'm like oh my god I can't wait to listen to Chairman Powell talk today no I don't feel like that I like to look at charts I love to look at charts I listen to what goes on because I have to discuss these things on national television and then I have to give explanations and or my opinion but the reality is that the choices that I make whether I say this is going higher this is going lower is always based on the gap and to me when I read this market the rally in January made no sense well we had plenty of chances to break out what we did in January was not a breakout but we tell traders are gonna get crushed this month and probably the whole year and I'm not saying we're gonna trend down the whole year I'm not saying that at all not saying that 2023 is gonna be repeat of 2022 but I am saying that point in fact okay retail traders like to buy dips and it doesn't work why what do I mean it doesn't work does it mean it never works no sometimes it does work it worked in January it worked in 2021 market was extremely bullish it ran straight up that was an anomaly the power trend in most fear but if you look at your whole year every day every week every year that you're training you lose buying dips you just do so you can sometimes do something that is inaccurate and doesn't make any sense and make money doing it some days but overall if you continue to repeat that same thing lose week after week month after month year every year over any market conditions because again you know this market is trying to figure itself out but for as long as I teach people how to train for as long as I trained for as long as I talk on TV that all these things retail traders will always always love to buy dips and it doesn't work you lose if you're doing that over the majority of the course of a year with very few exceptions that would be 2021 which was an extremely bullish year was an anomaly and the market power trended so again even in bullish markets you can lose doing that you have to find something to do that works consistently I'm looking up there's a there is a helicopter running Friday me that is so close I can I can almost see the guy in the pilot I got distracted for a minute there just going on a tangent tangent all right anyways good luck people you know think about what I'm saying I hate to see people lose but I know people are losing today people are losing today so if you want to learn what to do that you can sit consistently make money in the market then you have to learn a strategy that works my strategy called the Golden Gap course teaches a 26-point rating system to find the best gap to do every single solitary day and then we hit it and then we go after it and then we do it okay it is a high wind ratio what does that mean more trades work than lose and that's what you need buying the dips does not have a high wind ratio outcome therefore don't do it when you're looking at odds trading to make you money in investing and trading and all of it has to do with the odds you want to put the odds in your favor you're not putting the odds in your favor if you're buying dips so look for a very very very interesting month of February I'm excited about it today was a fantastic day and if you're interested in more information about learning my method and taking the next Golden Gap class email me at list of the stocks wish calm have a great day