Discussion in 'Economics' started by JSOP, Jan 26, 2022.
Rate staying the same
Everyone knew there will be no hike today.
Powell is still short stocks, so he's gonna keep talking up rate increases until he wants to go long.
Managed to short S&P at 4439. Currently at 4350.
I mean, things can always change, but March seems fairly likely.
Great minds think alike, but this time I got lucky.
Trust me the fear was mighty as I executed the trade. Set a simultaneous stop at 4450.
I had no fear, purely system execution. Felt so smooth. As opposed to the system trades I took this morning which were like pulling teeth waiting for targets.
All the early gains was wiped out. Still hanging to my long positions. My put options are going up in value so, it is all good. Nice to be hedged.
Powell still talking,market still tanking. Market needs to hurry up and close.Guh
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