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Record Dow, but when is stimulus coming?

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dailyprofitpublishing.com

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dpp@dailyprofitpublishing.com

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Tue, Feb 9, 2021 02:26 PM

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The Dow Jones closed at a record high yesterday, as stocks surged on anticipation of the new stimulu

The Dow Jones closed at a record high yesterday, as stocks surged on anticipation of the new stimulus package. But how soon those checks arrive and who all is eligible to receive them is still anybody's guess. Our advice: stop waiting for the government to help you and help yourself instead! Last night, Rob and Markay got together to talk about the markets. They hit on GME and the fallout, the next short squeeze candidate, and some of Markay's favorite "Biden buys." Plus, Markay tried to cover 36 stocks in just 30 minutes. But did she succeed? We can't spoil that. [Click here to watch the replay](. Where Is Your Check? Washington is hard at work on the [Biden Administration's $1.9 trillion stimulus plan](. But now the question becomes: how soon will people actually receive their checks? Some think it'll be soon, others think checks are still weeks away. And many analysts believe consumers will be surprised by the changing requirements for who is eligible. The First Principles of Trading First Principles are a concept that date all the way back to Ancient Greece. But they're still very much alive and well, and Elon Musk and Rob Booker are big believers. Plus, they have valuable lessons to teach traders. [Read more here]( People love certainty. They’ll ignore obvious, inarguable facts if it contradicts what they believe. Truth is not a priority. Traders are no different. Which, sadly, is why the failure rate is so high. Traders want a sure thing. They’ll ignore the facts to cling to our beliefs. AMC is going up forever! Everyone on Reddit says so! TraderDudeBro has special information that it’s going to $100! I’m holding it! For traders, that’s more important than what’s happening in real life: Yikes. A trader who doesn’t need certainty would say, “I sure got lucky on this one. But it looks like it’s rolling over. I’ll settle for a 150% win.” The trader who’s certain he’s right will settle for losing the entire profit. Or worse. Certainty is fun. Certainty gives comfort. But certainty has no place in our portfolio. If we really want to make money. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.   Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States [Update your subscription]( — [Unsubscribe](

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