Lessons From FOMC day.

Ah, FOMC, you Wiley fox.

Today was my first red day in a while. Luckily to wasn’t a huge red day… but it also wasn’t necessary. I woke up this morning tired from Halloween. It was FOMC, and I had a strange feeling like I shouldn’t trade. I have got to learn to listen to this feelings. I didn’t like the opening, but I still didn’t walk away. I waited until the 10am numbers and decided to take puts below the SPY 0.00%↑ 420 resistance. I took my usual size but decided to push for a few more cents. The trade went in my direction, and had I taken my usual trade I would have hit my target, but I missed my new target by about 2 cents. So that’s greed.

I also took a second trade, calls, which I honestly kind of FOMOed. I finally took my loss when the price dropped below 420. If I had held either pair of options I would have eventually hit my targets… even the inflated target.

It’s a reminder to trade small on FOMC days if I decide to trade at all. It’s not a day to push it.

I’m proud of myself for keeping losses relatively small, and it just strengthens my resolve that the system works if I will follow it.

Today’s accountability checklist below…