If I may ask you, LF, how did you close this one: target/limit, "close" button, or aggressively trailed stop?
Limit order left in place while I had to run to the store to get toilet paper and snus before it closed. If I was around it's quite possible I would have botched it up in some way. For example being greedy for more and getting trailed out lower. I had my eyes on 70 and put it at 69 to be safe. Generally, I use trailing orders to exit and that can work well, but often I end up giving back too much. I want to work on getting better at exiting at momentum peaks and rather re-enter on pullbacks (easier said than done often).
While I am a Trump supporter, I hate to hear this. Powell has been great throughout his entire term. He could have throttled back on stimulus after Covid sooner, but chose caution, which was similar to my feelings at the time. Powell became hawkish on interest rates and remained during the later part of the Biden Administration. To the Administration’s credit, I did not hear any complaints. Currently, I believe Powell’s current position is reasonable. While Global economic activity may uncertain or cooling, the US may strengthen in the medium term as we increase our manufacturing base. Further, Trump has shown flexibility (Unpredictability) on tariffs, making it tough on Fed policymakers. Opportunities presented by hyper-accelerating technology bolstered by efficient utilization of AI in many areas, as evidenced by recent white papers and credible social media channels, should soon create additional economic opportunities globally, increasing demand for capital, etc. It seems equity markets, not just in the US, have been discounting something. Not confident on predicting market, especially at current prices, however. Perhaps when option sentiment indicators turn bearish, buying the dip will not be the way to go.
plus 12 on this at the moment heading to work See if I can get +30 ish whilst i'm at work Check back later