Sitting on Hands While Being Right

"FOMO vanishes when you realize the market doesn't run out of opportunities"

Yeah, I'd like that tattooed on my forehead. While I didn't have the time to monitor Morgan Stanley or Citigroup today at all, I did look at the charts at the end of the day and checked their price midday.

Morgan Stanley

In the above, I've highlighted the trend that's taken place yesterday and today. When looking back to my prediction on Sunday, it is evident that I was right and the stock is in an uptrend. Now, of course, dud see a drop to $161.80 at some point, which would've exhausted my initial contract from yesterday.

Citigroup

Citigroup has been my heartbreak over the last two days. It's surpassed my expectations and we're already witnessing it be above the 200MA. Of course there are several factors contributing to its run, but knowing I've called these two runs has been validating.

Now, I do feel FOMO. I could've been basking into this run. However, I am very hesitant to walk into a contract this late knowing the 5 days the president has ceased fire for will be coming to an end. It's hard to predict what will happen, and part of me jumping in will feel like gambling, which is why I'm refraining from doing so.

So while it is hard to predict what will happen, we can take a look at the sectors performance today. It's not terrible, it makes sense why energy is the leader, but I'm curios on the materials and industrials. At this moment, I'm not entirely sure why materials and industrials are trailing behind energy, but it is something I'll monitor tomorrow.

So overall, I am experiencing FOMO, but I know the market can sense desperation so I will not go into any contracts this week. Instead, I'll re-asses this week while the 5 days of ceasefire are in place. If I can use the same strategy I've used to predict what MS and C, then it means I will be benefit and the market will open an opportunity for me.