Tuesday, September 23, 2025 -- $409,324.88 (+$24,836.89, +6.46%)

Tuesday, September 23, 2025 -- $409,324.88 (+$24,836.89, +6.46%)

Yet another strong up day!  It is easy to get complacent in this type of market.  It feels like every move you make, even the bad ones, will work out well.  DON'T be deceived!  Throughout the day I had the nagging feeling that I should be taking a short position with some of my remaining margin purchasing power, but as things seemed so positive, I could not bring myself to do it.  The day-to-day market performance feels like it is highly predictive of where the market will move in the next few days, weeks, or even months.  But we get so caught up with the present that we sometimes have a difficult time seeing a future that looks much different.  Today the market was up, but it can turn on a dime.  As an investor it important to understand how your emotions make get in the way of logical decision making.

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