These are my trading goals for the week.
Fear sentiment
It is starting to look like the market is not fearful anymore of Trump’s commentaries or the doom-and-gloom reports.
What was supposed to be one of the worst trading months turned out to be a greedy month.
Keep in mind what you learned in Options Trader about the VIX. The historical average has been in the seventeens.
Both the 9-day and 21-day SMA are trending in this range. The 50-day and 200-day SMA are still ranging between greed and extreme greed.
It would take something drastic like the financial crisis, the Covid panademic to affect the moving average again.
Think about those days where you lived through the dot.com bubble and Gulf conflict.
Life was all right back then. It would have to take something bigger than Trump to rattle the market in a short amount of time.
Until then, it makes sense to ignore Trump and embrace the next few years with the same kind of outlook.
As always, proceed with caution.
Weekly total is 30 dollars
| Date | Day | BOD | Goal % | Goal $ | EOD |
|---|---|---|---|---|---|
| 10/06 | Monday | 559 | 1% | 6 | 566 |
| 10/07 | Tuesday | 566 | 1% | 6 | 572 |
| 10/08 | Wednesday | 572 | 1% | 6 | 578 |
| 10/09 | Thursday | 578 | 1% | 6 | 584 |
| 10/10 | Friday | 584 | 1% | 6 | 590 |