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The title says it all. We're at historic lows. It might go up a little, but not to a level that is considered historically high.

Yea I knew that nonsense of "low unemployment reading makes stocks go down" and vice versa couldn't last forever. Btw, I have over $1000 already this morning!

That's exactly what I noticed.

Someday we'll be like Uzbekistan where the smallest unit of currency is 10000.

And 3.7% is still low. Perhaps the Fed did a great job! They prevented a Covid-induced recession for a brief period of high inflation!

Nice!!!

So you don't think unemployment will rise significantly in 2023?

I'm waiting to see when month-over-month inflation starts decreasing for consecutive months. That will tell you when this inflation mess is going away. I was busy and didn't trade on this CPI news. At 200 points and 6 ES contracts, that could have been $60,000. But I would have sold it well...

Did you know India is expected to pass China as most populated country in 2023? This has nothing to do with this topic, I just found it interesting. It's always been China #1 and India #2 as long as I've been alive.

Not minis.

Btw, I just made another $1650. Bought 3739.50, sold 3745. 6 contracts ESZ22.

Charles Schwab. I imagine I'm a pretty smaller player to them.

Does 4x mean my maintenance requirement would go from $13,000 to $13000/4= $3250? Not even close to that low. I was only $2000 under on 6 contracts (maintenance = $78000).

For a couple minutes, my account was below the maintenance margin requirement. Perhaps they give me more leniency during day trades. In the past, they've sent me messages saying to add more money within 24 hours or I will be forced to sell.

Does your username mean "eat shit"?

Thanks.

Well I've had a wild ride since the NFP release. I sold it while it was initially going down immediately after release at about 3731. Then it went back up and I realized it wasn't going back down again, so I reversed position at around 3761 (after losing $9000). Then sold it at 3800 for a $2250...

Today, immediately after NFP release, S&P went down for about 2 minutes before going back up and it's been up since. Same thing happened the other day following the Fed speech. Initially gains, followed by massive loss.

Damn I always let random people take blood samples from me. I feel like such a fool now!

Nice party. Let's do it again Friday 8:30am. And then again on the 10th.