TheTradingDad wrote a post · May 6 18:55

Great start for May 2024

So far the first week of May have been great! Market reacting positively to last Fridays US nonfarm pay roll and US unemployment rate. In the hope that Fed would soon cut rates which is typically good news for markets as a whole.

As investors and traders should we wait for the Fed to cut rates before investing? Or take advantage of the data now to pick up some great companies at a discount or execute some trade while we still have good volatility?

Somethings for us to think about and spend sometime to research and spot the opportunities. And most importantly know what kind of investor you are and invest accordingly to your own style. Never try to follow others. Learn from them but make it your own! 👍

Time to hustle to position my portfolio for the trend and invest wisely! 🙏🏻🙏🏻