Spydertrader's Jack Hershey Futures Trading Journal

Interesting. I recall in your first year PVT you made 100%. So I guess you are above that now. A testament to your thorough approach. Well done.

 

The beauty of the leverage of futures


Of course it cuts both ways no doubt.

 

Spyder,

On FOMC days, do you hold a position into 14:15 or do you bracket the market moments prior?

Thanks.

 

I trade the morning / midday until volatility and volume drop off significantly. Just before the announcement, I'll place a bracket order. Do not place the order too early, as usually you'll see a 'fake out' move just prior to the actual move.

- Spydertrader

 

Chart for the morning.

As expected not much movement.

regards,
Ivo

 

Wait till we get well ramped! Hopefully we can get some night owls to shift between US Futures during the day, and Forex Futures in the wee hours... Then they'll be alot more venom from opponents on how any of this is possible...

 

Hopefully, everyone can now see why FOMC day can produce some extremely nice profits.

- Spydertrader

 

MAK,

Looking forward to ramping up to the Forex part - better hours. So I'll hold you to it

Regards - EZ

 

You're very cool.

 

My ES YM charts so far.... seems that today's move was not a mystery but nothing more than Volatility Exp....