Day Trading FOMC | How I Execute & Manage Risk During this High Volatility Trading Opportunity
Description
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In this episode, Becky Gaskell, host of Market Mamas, dives into one of the most volatile events in the financial world: the FOMC. Despite the common advice from trading mentors to "stay away," Becky shares her personal and meticulously researched journey into trading these high-impact days. She reveals how she developed a unique trading system by spending years taking notes and backtesting to find a reliable pattern, including a specific pivot time. This episode is not financial advice, but a raw and honest look at the work, discipline, and passion required to find and master your own trading niche, even in the riskiest of market conditions.
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Key Takeaways:
- FOMC days are high-risk, high-volatility events.
- Backtesting and note-taking are crucial for finding patterns.
- A consistent pivot point can often be found between 11:35 and 11:45 AM PST.
- Always define your risk and use a protective stop-loss.
- Practice on a simulator before risking real capital.
- There is no "holy grail" strategy; stay fluid and flexible.
Episode Breakdown with Timestamps:
[00:00:00 ] - Stay Present & Flexible: Becky opens the episode with a reminder to remain fluid with market conditions and shares a free audio experience for mindful trading.
[00:04:10 ] - What is FOMC? A brief explanation of the Federal Open Market Committee and how its interest rate announcements can impact global markets.
[00:09:10 ] - The Importance of Showing Up for the Work: The episode highlights how showing up and studying patterns allows a trader to see things more clearly over time.
[00:16:02 ] - The Trader's Niche: This section discusses how Becky's FOMC strategy is a prime example of how traders can find and develop their own unique niche in the market.
[00:17:39 ] - Chart Example 1: Becky breaks down her specific entry and exit on a June FOMC chart, demonstrating her strategy in action.
[00:25:52 ] - Chart Example 2: She walks through a second, more recent chart from a July FOMC day, showing how she executed her plan.
[00:32:49 ] - Final Thoughts on Risk & Profit: Becky concludes her chart analysis with a reminder that managing risk and protecting your account is more important than chasing a profit goal.
[00:35:01 ] - Call to Action for Aspiring Traders: Her final advice to anyone interested in trading FOMC: backtest, use replay mode, and practice before risking any capital.
[00:38:38 ] - Live Life to the Fullest: A final, passionate message about living your life, embracing your unique personality, and pursuing your interests with dedication.
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š Becky Gaskell - https://www.linkedin.com/in/becky-gaskell-market-mamas/
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