I rarely post on a weekend — most of the week I am busy with the kids, doing paperwork and research and some other projects. A girl needs to have some fun! I need to give time to protect myself from stress, get healthy and have fun so that it doesn’t take away focus on my trading when I need to. Imagine if you’re too busy and running on high energy all the time, ideas and numbers on your head all the time, the stress will get higher and higher and that’s going to affect how you think, how you make decisions. So weekends are for me (and I suggest for you) to chill, and have fun!
Anyway, I am writing this post to comment a bit on last night’s session. US GDP came out at 1% and G20 ministers financial discussions came into play. The market has been on this uptrend upbeat mood the last few days but I think last night investors have reached the point of profit-taking. The earnings season also just finished and well, the results have been so-so. No surprises there. So the next month being the end of the quarter is going to continue to be volatile, perhaps not as “bad” as the start of the quarter, but you need to be prepared to take your profits, vigilant and watch the market. News came out that it’s one of the thinnest trading days, that speaks volumes 🙂 not a lot of investors are “hopeful”.
My daughter has a favorite song these days, it’s called “Hopeful”. I don’t want to carry around this “hopeful” emotion on the days I am trading because it could affect how I trade. But I believe a “hopeful” emotion is still a helpful one, so that you and I can go on doing the right thing, moving forward. A hopeful weekend for you all!