Today … as everyone and their brother tunes into the Fed to discover their decision over a measly 13 basis points on the bank rate … I’m not concerned.
I may make one adjustment to my positions this morning. Possibly. If I do so, it is only because it is what my particular process would call for.
Am I 1,000% confident in my stance and approach to the market before FOMC?
Of course not.
I’m a trader.
Any real trader is never 1,000% confident in their stance and approach. Nor does any trader, I don’t care how notable they are for their market process … understand what is about to occur. We place our money on the line, take measured risks, and let the chips fall where they may. This is the nature of risk.
It may mean that I am walking into this FOMC announcement … grinning like an idiot in the face of an oncoming train.
But I trust in my process over the long-haul.
Not any single binary incident.