The argument that kept being posted when the market surged yesterday was: there's plenty of time for it to fall in the second half of the year.

The core logic behind it is the market trading on interest rate hike expectations, the policy chaos surrounding the midterm elections, and the extreme crowding in the hardware sector.

SPX 7500-7600, even if it closes the year at that level, is actually quite sufficient in terms of the annual gain for US stocks. Of course, whether it can reach 7800 or 8000 still depends on the big tech earnings starting in July, and I'm optimistic.

I only have a little over a hundred thousand dollars left in Longbridge for some short-term trading, and to buy some things that have fallen like a dog for fun, like CRCL.

Software should slowly pick up. I'm holding onto MSFT for dear life, others can criticize all they want.

IBKR is mainly for setting up long-term positions to catch the big fish.

So one principle: any position opening/averaging down should be done in batches when the market crashes, scatters, and is fearful. And when the market is extremely optimistic and everyone is discussing one thing, remember to reduce.