F O M O N A C C i

When I was in the S&P pit we used to play cards in the break room or go on long lunches before a fed meeting. We never spent any time talking about what the fed should do. I followed what the veteran traders were doing & that taught me how to trade Fed days. The announcement was out of our control so we only focused on trading it after the news came out. We knew what was expected, had some levels we’d be watching & we’d execute trades based on the market reactions after the announcement. Thinking too much about what the Fed should do prior to the release creates a hidden bias & they wanted to come into the announcement calm & with no hidden bias. The way to be the most effective as a trader is to not carry any bias and be in a good mental state when the news really does break. For traders the money isn’t made before the announcement, it’s made by being in a calm mental state executing after the announcement.