SP500 is down from its peak at 6100 , floating around 6050 (less than 1% drop). CPI numbers released today will play a big role in whether or not FED will cut rate as expected in december. Unexpected CPI numbers could trigger a market drop! So seat tight and ride the wave! No need to panic! We see support 5880, which we likely will DCA (dollar cost average) into our position and ride the wave back up.

The US economy added 227K jobs last month, a bigger-than-expected rebound from the October hit when Boeing strikes and hurricanes weighed on hiring. Let's go!

Since sep11 2024 SP500 is up roughly 10% and we are up 40% as per trading strategy of following SP500 on a leveraged basis.

Account can take a 26% drop on SP500. Note SP500 is down from ATH since November 11 - we've been managing trades to pay for swap costs but not over leveraging due to potential WAR risk.

at this leverage SP needs to drop over 23% for ruin

Let's be honest, no one is opening a CFD account looking for a low risk / low profit trade. But there's a limit to how much leverage you can apply before you just blow up your account. Like we all done multiple times. Most of the CFD Forex instruments just dont move enough and predictable enough for a high leverage bet. However, if you look at the SP500 and consider statements like... "non-professionals should simply invest in a cross-section of businesses and that "a lost-cost S&P 500 index fund will achieve this goal", a safer leveraged bet would be to leverage a long trade on the SP500. And that is exactly what this account will aim to do! 3-5x the gains of the SP500 over time. No promises - but that is the goal!