Hey! It's Fed Day

Here's a lesson on game plans.

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I want to share something and this goes back to following your trading game plan. I usually write the Opening Print at night, as I did on Monday evening. However, on Tuesday morning, I changed my mind about the Lean.

A fellow trader was warning me about the downside and seeing the ES fall. Ultimately, I changed the Lean — something I never like to do. I even told our editor that: “You know what happens when I do this.” He said it was a dice roll, but we went with it anyway thinking that it’s what made the most sense. 

When I do this, it almost always blows up in my face. If I have done it 20 times in 30 years, I'm wrong changing it probably 85% of the time. 

The moral of the story is to stick to your plan. Generally, your first instinct will be the correct one.

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