this just popped up...Fitch revises Chicago's outlook to stable from negative...affirms BBB-minus on GO and AA-minus on Sales Tax Securitization bonds...stable outlook reflects the ongoing revenue recovery across city & significant infusion of fed fiscal aid that ease pressure...
🚨 EMERGENCY UPDATE 🚨
We are in full correction mode 📉
Buying the upside moves today has a low reward/high risk ratio (DON’T)
Sell all rips! ⚠️
Targets (0-3 Days):
$SPX - 4309 🎯
$SPY - 430 🎯
$ES_F - 4276 🎯
Too many people focus on "How much more can I make?" when they should really be focused on "How do I keep my profits when they're there?"
Greed will blow up account after account after account.
Trust me, speaking from experience.
Most traders are trading based on their own predictions, opinions, and emotions. These are the worst trading signals. Instead, develop trading rules that will guide you. Replace your opinions with trade signals, your ego with position sizing, and your emotions with a trading plan
Profitable traders first create a system with an edge and then start trading it. Unprofitable traders start trading first with no research and then after they have lost enough money start trying to learn how to trade profitability.
me: "Parabolic moves are not sustainable"
12-yr old kid that used to mow my grass before becoming a professional stock trader: "Have fun staying poor"
me: "get off my lawn"