I doubt we’ll see a major rally today.
The Fed announcement is on Wednesday afternoon (FOMC meeting).
It will be important. President Trump is not happy with them. And Fed has done a lot of flip-flopping over the last year.
However, it seems like energy is building (for a move higher).
And the FOMC announcement could be the catalyst.
Am I betting on it?
I’m not. I’m sitting in cash – quite comfortably.
I used to love “exciting” trades which meant I was early, I was down, and I held (and prayed) for the positions to turn around.
I had FOMO – fear of missing out.
The anxiety over missing big trades is very real.
And it usually – or really, almost always – led to big mistakes and big losses.
But over time and with experience it slowly faded away.
Now, I feel no stress. No pressure.
Remember that CASH is also a position.
And online shopping is much cheaper than forcing trades!