 Be calm. What's up money geeks, Mr. V here, welcome to another video guys. So in this video, I wanted to talk about the market, I want to talk about what's going on, the sell-off and what to do, how to prepare for this, how to maintain your mindset as we see these kinds of instances happening in the market. So that's what I want us to cover into this video. But before we get to the guys, if you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. If you have something that interests you, go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. Before we actually jump into what I really wanted to talk about today guys, I've actually gotten some messages from some of you guys and I really appreciate it. Now there's people spamming the comment section, somebody out there pretending to be mean, they have my picture, have my name and responding to comments and asking you to come pay money to learn how to invest on WhatsApp or whatever. That's not me. If I respond to your comment, you're going to see my name is going to be highlighted. It's going to have either a black circle around it or a blue circle around it. So it's definitely going to stand out for you to know that that's me. So any other comment that you see or any other respondent you see asking you to go somewhere else besides YouTube, that's not me. I'm not going to send you guys to go learn how to invest somewhere. If I have to do something like that, I'll make an announcement here on the channel so you guys know I'm not going to be putting it in the comments. So if you guys see those comments, you can spam them. I've spoken to YouTube and I've been deleting the comments and blocking those guys from the channel. They keep popping up. But again, that's something I just want to make sure that you guys are aware of. So I'm sorry about it. It's really beyond my control. These guys are probably using bots to make this thing happen. But again, YouTube is doing their best. I'm doing my best. So we just keep fighting. So let's talk about important things. The market is red. A lot of you guys are sending me messages, Mr. V, what's going on? Is it a crash? Should I sell everything? So I want to do a video here that will give you guys some context. So starters, if you panic during this little period here yesterday and today, if you panic, that tells me you are a new investor and that's okay. I would expect that panic because when you see your money dropping like that, disappearing. It's no fun. A lot of you guys actually started investing last year after the COVID crash. So if you are one of those people, you don't understand what a crash is, which means that all you've done is after the COVID crash, you bought any stock that you bought kept going up and you thought that was investing. That's how the market works. Guys, you have to go through at least crashes before you can really understand what I'm saying here, like what happened back in 2008, even the COVID crash. So this to me wasn't a crash. This is just a slight correction in the market. I mean, it's expected. You see the ups and downs in the market. This was just that little slight correction. So don't panic. If you have positions that are long-term, all you have to do is if you have any available cash, you have some liquidity, buy more for your long-term positions because this dip was really good for some stocks. So I'll give you an example. I see a company like Lucid going public with CCIV as a great investment long-term. So stock drops to $30. What do you do? Jump in and scoop more. But you know what happens, right? Most people still have the mentality of the stock market that when it's crashing, people want to sell and run instead of looking for opportunities. I've spoken about this on the channel a lot, guys. The stock market is the only place where when something is on sale, people run away. People want to disappear. They don't even want to be there. So I want you to develop a mindset that when you see the market at this particular point pulling back, you look for great opportunities to jump in and out of your position. So take, for instance, Tesla was under $700 at one point today. If you're somebody that's looking to get into Tesla, you can start looking at opening a position and start picking a few shares here and there and then average your way down if it keeps pulling down or average your way back up if it keeps going back up. So you have to have that mentality. Again, like I said, if you started investing last year after COVID, you probably don't understand this concept because you thought you were wearing both of it because anything you touch goes up and make profit. So now is the time where you can actually see that pull back. And this is where people are going to go back again and start reading and they start using the tools that these platforms give us like trailing stops and stop losses to help you protect some of your gains. If you go into a position and you only swing trading, you don't plan on holding that stock long term, as soon as you make some profit, guys, it's okay to pull some of that profit out, investing something else or even put a stop loss so that if the market starts to go south, you get out just like that. And then you can take that money and then wait and look for the bottom. Even though nobody really knows where the bottom is, but at least buy lower than you had before. So let's say you bought a stock at $10. It goes to $20 and the market starts pulling back. You sell at 18. If it drops back to $10 or down to $8, you can buy even more shares. So that's just the example that I wanted to give you guys. I want you to have the mindset again of an investor. If you're a trader, this doesn't really bother you because your money sits there and wait. You look at opportunities today, either shorting or going long. But if you're an investor, you look at opportunities to buy. What is on sale today? So I look at a company like Planteer at one point today was on sale. It's like, wow, CCIV was on sale. Wow, you look at those companies and jump and take advantage of those opportunities. So that's what I wanted to cover in this video. Basically, the mindset of an investor and the mindset of a trader. Traders, this is just fine. You don't have to worry about anything because you have your cash, you have your liquidity in hand. If you are an investor, you're looking for opportunities. I want you to be smart. I want you to think long term. Don't worry about the pullback because I see people posting like, oh, I'm down 2K today. I'm down 3K today. That's cool. But when you were up 2K or 3K, you were just keeping out of yourself not posting it, right? So you have to be able to adjust your mindset to that mentality that some days it's going to be red, some days it's going to be green, and some days it's just going to be even. You're not going to make any money that day. So that's just the way the market works. So you have to really train yourself to understand that and have that mindset. Draw the line. Mentally, what are you? Are you an investor? Again, investors are people that buy and hold long term. Or are you a trader? People that buy and sell, either daily or weekly or maybe bi-weekly or monthly, whichever one you do, are you a trader? And if you're a trader, you have to have a mindset of getting out of position. So if you're swinging in position and you're a trader and that thing starts to pull back, your stoplight should kick in and get you out ASAP. That's just the way this whole thing should work. Again, guys, this is just my take. I want to make sure that I share that with you guys. Let me know in the comment section what you guys think. Is this a crash to you or is just a pullback or just a slight correction? Give it to me. I consider this just a slight correction. I think in the next week or two we're going to get back to doing business as usual. I could be wrong. Nobody has ever predicted the market exactly the way it's supposed to go. So let me know again what you guys think. If you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and any notification bell too. Don't miss out on new content. And also if you're looking to get started with investing, WeBall is a platform that I recommend. Links in the description below. When you sign up, deposit $100 so you get some free stocks. And as always, do your due diligence. Don't be a greedy savage. Stay motivated. And I'll see you guys next week. Bye.