UPDATE: *TRUMP PLANS TO DELAY IMPOSING TARIFFS ON AUTO IMPORTS
The market is supposed to be a lot worse than this — but we’re rallying. I could embed myself in a stubborn set of trades and wait for things to go my way — or extricate myself from the situation and wait for a better environment that suits my temperament. I chose the latter.
I cleaned out of most of my trading positions, raising cash to 70%. I sold out of my inverses too, but kept DRIP for now. I’m also still long NUGT and it’s a 10% position and I think I’ll hold it. I have a strong bias to the downside, especially on names like NVDA.
But the market looks like it wants to rally. I cannot force myself to like stocks and I certainly don’t want to get squeezed here either, so cash is my best option.
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Fly…I’m 80% cash at 2.75% monthly and 20% stocks . 57 and plan to retire at 62 so basically game over and don’t want mess up retirement.
2.75% monthly?
Yea, 2.75% monthly?!
Me wants some of that!!
lol yeah me too. Sorry…I meant paid monthly 2.75 annually. Call protected and paid monthly for 5 years.
TGiR here. One trade for the crew…. $INGR is a fake meat derivative play (they make the pea protein that is the base of this shit). June calls are cheap. Hugs.
Refiners beaten up while crack spread is holding near highs. HFC and PSX potential longs here.
It’s like Monday never happened. Crazy shit.