2024 Expectations on Trading and Investment

This week conveys the key information for 2024.

 Fed’s Interest Rate Decision and Powell’s speeches: 

1. Interest Rate Remains at 5.25%.

2. Won’t reduce the rate quickly in case of all past efforts invalid.

3. The economy in the USA has its strengths and labor market still possesses resilience.

4. The core task is still reducing CPI to 2% and it is in a stable recovery period.

5. All Fed’s next moves are decided by monthly economic data. 

Non-Farm Payroll 

The result was far beyond the previous month and market forecasts as well. 

Unemployment rate stabilized compared to last month.

Monthly Wage increased and 0.6% higher than expected.

Fed, Powell and the USA market convince market participants that interest rate is not going to be reduced from March, and maybe postponed to June or Q3.

Opportunities for traders.

First assets: USA stocks and indices, and plus S&P ETFs.

Secondly: Gold for Daily trading, sell at the peak and buy at the bottom (daily K) 

Thirdly: Japanese instruments because of its special property. USDJPY and Nik225

Fourthly: Indices from Southeast Asia.

Lastly, bad news from China stock market and diversified asset portfolios to hedge.  

For a trader or investor, no matter which country you are from, the aim is to make money or at least not to loss “value”. So having a basic knowledge of trading or investment will be always to An Added Value to one. 

Here, I’d like to share something about ways to “hedge.”

1. Learn a skill to stay with the market to “hedge” yourself. 

2. Study the instruments’ properties and get the main idea of them, keep a journal.

3. Start to trade when you are off from your work to practice your brain and connect it with market news.

4. Select signals from copy trader and choose the best which are fit for your logics.

5. Summarize your trading failures and compared to other similar traders. Write it down on your journal and solutions with it.

6. Adjust trading strategies, test it again. Record on your journal. Please revise and practice again and again, until you realize position management is important.

7. Chill down, and restart from reasonable position, calculate PL rate per time. Record…

8. Position controlled but afraid of placing new orders, watching, and follow other traders. 

9. Observe and wait, double check entry price, set SL and TP. 

10. Avoid news during learning stage.

11. Don’t look at the price all the time when you’ve set SL and TP, keep a still mind.

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More please PM.