I'm gonna reiterate the "well duh!!" policy here as well. If you don't know why it reversed on you today (of all days), then you obviously need to learn how to read charts.
Damn, I've been saying this since 200x (I can't remember when, it's been so long). But Powell really needs to go. That guy just don't have the balls to do anything. My alter ego tells me he's just a puppet. Someone else is pulling his strings.
In order to be "disciplined", I believe you first need to define what that means. For many people, it's more or less a blanket term that they use blindly. Merely getting your ass out of the bed to trade in the morning can be considered as a discipline. But more rigorous form of disciple requires...
Well, you don't break the circuit simply out of whim. There must be some sort of systemic risk. Only risk there was at the time was that Citadel, which was betting against retail traders, was about to lose its shirt (or, at the very least, lose its face) if left unchecked. So the question is was...
You forget that the largest participants of the futures market are not speculators but hedgers. It's not the speculators but hedgers that move the market. And hedgers are those who hedge their underlying position in the "real" economy.
Unless you have magic pills like that dude in "Limitless" (2011), who turned $10,000 into $2.3 M in a matter of few days, you're gonna find yourself out on a sidewalk with a can in that same amount of time if you use 25-1 margin.
What I want to know is why would he want to now "unhide" himself? To get a photo-op with Musk? Flex his bragging rights? Smart investor he might be, but ain't so smart otherwise. If I were him, I would have stayed anonymous.
The real crux of the problem isn't whether there is still free money to be had or not. All this free money, along with labor shortage, is creating a supply shortage, which in turn will create a massive hyperinflation.
I can only say the government economists are a bunch of idiots. They should...