Today the market opened higher and kept going with a few corrections on the way, closing a few points off the high. We applied our strategy of going short on spikes but assumed very little risk, therefore closed our positions rather quickly. As of today we still prefer shorts on spikes but will define our strategy depending upon tomorrow´s Fed announcement. We believe tomorrow will be a very volatile day thus staying out of the market as much as possible.
PROFIT; USD 160 (Portfolio size USD 25000)
- Navigating A Fed-Dependent Market (safehaven.com)
- Fed Watch: FOMC Meeting Begins Tomorrow (economistsview.typepad.com)