So far so good
It's nice to see some profit taking ahead of the Fed announcement. It feels very good to be on the sidelines while I watch this action. I expect a jump once the announcement comes, but if it is just a .25 % cut, I think things will pull back to where they were at the open by tomorrow evening. Who knows, but it doesn't really matter when I've got nothing invested.
Time to get some homework completed . . . I hate homework.
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2 comments:
Well, I lost 5% of my portfolio after the FED announcement. It would have been nice to sit on the sidelines for that(as you did), but now you have to decide when to get back in. I hope you time that as well as you timed your exit.
I was pretty lucky. This drop was pretty unusual and I think very unexpected. I might try a few trades next week. We'll see.
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