Many of my fellows ask me WHEN does the FOMC speak. Many of the FOMC members speak fairly often – so I thought I would post a link! https://www.federalreserve.gov/newsevents/calendar.htm
Please check this link frequently – many of this days will sneak up on you, and being informed, as James often says, if you are not prepared, you are trading at a disadvantage. Let us know what other information would help you trade more effectively.
“Failure will be a constant as no trader can sustain a 100% win rate. Learning to control the impact of that failure will be a large sticking point in many traders’ careers. The one thing that can be guaranteed to the trader is that there will be times when they must take a loss. And if that one loss wipes away the gain from ten winners or, perhaps worse, destroys that trader’s confidence, the problem from that single item of failure can have large repercussions. This points to the importance or perhaps even the necessity of risk management.”
An Interesting item to note – much more volatility on weeks FOMC meets – Trade cautiously!
Hey it’s Terry here …
Happy Sunday!
Yesterday, my new student Troy Y emailed me. He wrote:
“First let me say that I started live trading in January 1 and from the Investfool
0 DTE SPX Strategy! I am extremely pleased! I have grown my account from $3,000 to $11,000. Please see attachment. Thanks in advance and All the Best!”
Now, I do get emails from my students on a regular basis, mostly from the more seasoned traders sharing their success stories, doubling or tripling their ROI.
However, I get most excited when I hear success stories from a rookie like Bob.
It is tough to get started trading options, and to hear Troy doing so well following my
O DTE SPX Strategy … that just made my day.
If you are new to trading, Start with paper trading using a demo account, and eventually go live like Bob and see your portfolio grow.
Have a great week ahead!
Terry
Founder, Investfools!
It all began in July 2022 when a local pastor challenged me to rethink the way I give. The idea wasn’t just about volunteering or offering physical assistance, but rather leveraging my talents to make a meaningful impact. Or I could be a contrition contributor.
The inspiration for this shift in perspective came from the Parable of the Talents in Matthew 25:14-30. In this tale, a master entrusts varying amounts of talents (a unit of money) to his servants, expecting them to use and multiply what they’ve been given. The parable imparts valuable lessons about stewardship, faithfulness, and the productive use of one’s abilities.
Given my background as an options trader with years of experience, the idea took shape – how could I utilize my ‘talents’ to not only benefit myself but also help others in the process? Understanding the power of leverage, I set out to develop a simple yet effective strategy with a high success rate. When managed properly, this strategy has proven results and can enable anyone to make a meaningful profit.
And so, this website is the manifestation of that initial thought – a platform aimed at assisting traders in building their account balances through a straightforward approach that yields positive outcomes. Welcome to the journey!
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The U.S. stock market closed sharply lower on January 4, 2024, following the release of the Federal Reserve’s December FOMC meeting minutes. The Dow Jones Industrial Average fell by 0.7%, while the Nasdaq Composite dropped 2.1% due to weak performances by large-cap technology stocks. The S&P 500 also declined by 0.8%. This downturn was influenced by concerns over the timing of the first interest rate cut and mixed economic data. Additionally, manufacturing activities showed contraction for the 14th consecutive month. Investors were particularly affected by the uncertainty surrounding the Federal Reserve’s future interest rate cuts.