First things first… Don’t tell my wife. Second. I know what I did wrong, and it was SO many things. Third. Shake it off. I know it’s months of work gone, but I live to trade another day. It’s by far the largest loss I’ve ever had. 30% of my trading account evaporated in minutes. … Read more
Today is day 12 that $SPY, the S&P500 index ETF has been on a green tear upwards. The Nasdaq index NDX is slowly creeping upwards while the Russell2000 index RUT is largely flat. With this kind of slow grind upwards, it is very scary to actively trade in the market. As the analogy goes, when … Read more
Today was yet another painful market crash. Jerome Powell and Janet Yellen spoke today and they reiterated more of the same: inflation projected long term to be ~2% and they intend to keep it that way. So with no real “news” why did the market crash? Yet again? This is the third crash as JPow … Read more
At 2:00pm today, Fed chair Jerome Powell gave a live report on the Federal Open Market Committee’s (FOMC) projection for inflation and economic growth over the next two years. Basically he said more of the same that he’s been saying for weeks: nothing is changing in the near future and the fed will continue to … Read more
Today’s stock market was the first green day in a series of devastating red days throughout the last month. When the stock takes a dip, panic selling is commonplace. It is almost always a mistake. People often say that they’ll get out before it gets worse. And then say they’ll buy back in after it … Read more
Today, President Elect Joe Biden became the 46th President of the United States of America. Unfortunately, I was busy working and could not watch the live inauguration, there was a feeling in the air. A fresh feeling. Turning of a new page feeling. While there was a lot of joy all around social media, I … Read more