My first & last FED day.
Even if we had a bullish sentiment building up during the overnight session, with price trading above VA for the entire night with a low=1144.50 and never retesting that low during the regular trading hours. Setting IBL at 1145.50 and being rejected right away from that level, I could have find a pretty good location for a long between 1146.50 & IBH=1149.00 (which held very strong as S during the entire session) only in regular trading day not a FED one.
This being said I'm not gonna analyze more this day as I concluded that I'm not going to trade a day like this, not even thinking to trade a FED day anymore.
I made one trade after the news release (S 1153.25 exit 1150.50) but I felt very uncomfortable with it, sweating all over the place and really didn't worthed the risk. I like being relaxed when in a trade, being confident in my entry reason, I have to love trading not being stressed out because of it.
As Mike pointed out so well, I have to trade now, with 1 contract, the same way I'm gonna trade with 10-50-100 or even more contracts; and definitely that's not the way to trade.
Overall it was a good day for me as I took & learn a valuable lesson: in order to become consistently profitable, to become a better trader & a successful one, I should trade with the same responsibility, respect my plan and rules all the time.
A new trading rule emerged from this lesson: for my safety & sanity I will not trade any FED day or any news release. I have to play my cards right not gambling.
Net P/L +2.75
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