Protector of the market
Today's CPI report shocked me. I thought the stock market could hold up until this Friday. I bought all the short-term speculative small cap stocks, regardless of profit or loss. Other stocks also dropped, but I did not sell, waiting to see if they can rise again.
For example, $Datadog (DDOG.US)$ Yesterday, I speculated a bit and the price fell by 15% at one point before the market opened. I was shocked. Later, the decline narrowed, so I waited for the CPI report. Once the CPI was released, I thought it's over, immediately set stop-loss and sold all positions, losing three dollars per share. The position was not large, so it didn't matter. I didn't expect a long and short play to happen after the market opened, it's too dramatic. However, it also indicates that the speculative optimism is nearly worn out.
S&P also fell below 5000, the stock market is indeed overheated, and it needs a healthy pullback in order to continue rising.
Just messing around for fun. Today, my account relies on unh to support the market, otherwise it would look a bit ugly.
One of the main stakeholders, unh, has basically confirmed the bottom and is expected to return to previous highs. Whether it can break through is uncertain, but as long as it doesn't fall below during the large cap market pullback, let's aim to reach the previous high first.
Significantly reduced holdings in the bond account. $iShares 20+ Year Treasury Bond ETF (TLT.US)$ Not trading options this time, because it's difficult to determine the timing. I expect it will trade sideways for a long period, maybe oscillate narrowly for a month, waiting for the next CPI data. Avoiding risks.
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wangcaifan : Moderator, can you invite me to join? I haven't opened an account and now I want to open one.
wangcaifan : I don't have a moomoo trading account
高贵的阿德莱德 OP wangcaifan : I like to watch markets with moomoo, but I don't use it to trade. If you need to open an account, you can consult customer service
高贵的阿德莱德 OP wangcaifan : Since I also made a deposit after opening the account at the time, for some reason they didn't give me the corresponding bonus (only the lowest level bonus), so I transferred the money. I'm too lazy to ask for a bonus from customer service. Mainly not a bonus issue. If they can find out that there is a bug in their system, they will take the initiative to repay me the bonus, then I will consider transferring the money.
wangcaifan 高贵的阿德莱德 OP : Understood, let me ask clearly first, OK, thank you
wangcaifan 高贵的阿德莱德 OP : Moderator, I just got in touch with Xiaoli's customer service, opened an account, and responded to your questions. Xiao Li said she hoped you could contact her, or she would contact youHelp resolve misunderstandingsTheir customer service is still very friendly.
高贵的阿德莱德 OP wangcaifan : You are so enthusiastic thanks