rey_11

*Month Recap: Pretty average month overall. Started out still on vacation for about the first week and a half. Month started on the tail end of my losing streak, so I was still coming to grips with that and trying to get my mental game back on track. The market has been absolutely brutal and on the fringe of collapse it seems. September wraps up the 3rd consecutive quarter of market wide decline, but we’re still NOT in recession territory. I read somewhere that said, since Biden took office, the stock market has accumulated a total loss of $7.6 trillion. That just seems insane to me, all the while sending billions and billions to aid a foreign war. The inflation numbers continue to churn out with core inflation still on the rise. Interest rates continue to tick up and posted its 3 straight .75pt hike. Mortgage rates are skyrocketing in hopes of a housing market correction. The dollar keeps ripping to the upside. And today all three major indexes cracked their 52wk lows. Next week should be interesting to see how the market reacts to this fresh crack in support. Hopefully we can get a bounce and not just a complete market melt down. I will have my eyes on BTC and crypto to see if it can gain any kind of strength to at least give some hope to the market. Missed out on a nice OTC gapper today. Almost pulled the trigger yesterday just before close, as it broke a key level and whole number to boot. Market just has not been doing well with gappers lately and everything being red doesn’t really help the cause either. In a normal market I’d like to imagine I would have nailed that trade everyday of the week. “Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t…pays it.” -Albert Einstein

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