4 replies to this topic

[hedgehawk]

I read many of your posts as you went short or long pre fed announcement. I was surprised how many seasoned vets on this board took that trade. How any of you expected to make money off of that play was beyond me. The fed funds futures were like 70% for .25 cut and that was priced into the market. So apparently you guyz were playing the bias statement which could have said anything. The market sinks 100 pnts right after the announcement. So the 100 pnt immediate take down was to shake out folks who bet long and also suck in new bear cub shorts. Then they take it up 130 pnts to chop some heads off and suck in new baby bulls only to turn them into ground chuck the next morning and they take it down 350 pnts. My point is that trying to trade the FED is futile. I hope yall learned ur lesson. Much higher % trades out there. Use your reason.

[nicolasillo]

Are summarizing what happened since yesterday? What's your point?

[hedgehawk]

Playing an event like the FED is not a sustainable way to make money. Odds are pretty good even if your right you will lose money.

[fib_1618]

My point is that trying to trade the FED is futile.

What's your point?

I believe that Mr. HedgeHawk made his point quite clear.

Let's try it another way:

If one is to trade fundamentally, you will learn that most of this is nothing but an exercise in uselessness.

Fib

[nicolasillo]

point taken ;p