3 Key Tips for Trading This Big Fed Week Like a Pro

[Image] 3 Key Tips for Trading This Big Fed Week Like a Pro I hope you’re ready for a big week, traders! On Wednesday, the Federal Reserve will conclude its two-day Federal Open Market Committee (FOMC) meeting and deliver its decisions on interest rates. And from where I’m sitting, it looks like the recent price action in the overall market might foreshadow what we’ll see over the next few days. Listen… Under the surface, the macro factors that drive everything are starting to crack. Last week, we saw rates going higher and oil breaking higher while semiconductors and large-cap tech traded lower. CAUTION: These moves are very bearish signals. That’s why I warned you about them last week. The truth is … If you aren’t closely watching these macro indicators to gauge the big picture, you’re trading with blinders on. And that’s especially true this week when it’s all about the Fed. With that in mind, keep reading and I’ll show you three key tips for trading this big fed week like a pro… Size Down Your Positions More than anything, I recommend sizing down and trading smaller positions this week. Why? Because I think this market can flip at any moment, and we don’t want to be left holding a large bag at the wrong time. Smaller positions give you more wiggle room to make mistakes (especially if you’re trading a small account). The most important thing is that you go on to trade another day. Never risk more than you’re willing to lose. I can’t tell you how many traders I’ve seen blow their entire careers on a few poorly-sized trades. And it’s always sizing too big that kills traders, not the other way around. Think about it like this… If you’re unhappy after a winning trade because you didn’t bet more money, that’s greed rearing its ugly head. You should be excited about your strategy working, and not disappointed that you didn’t make more money. Be very deliberate with your position sizing and you’ll be a better trader for it. Then, you should also be very deliberate with something else… Book Profits Quickly If you’re lucky and disciplined enough to find yourself in a five-star setup, where your contracts are surging, it’s time to immediately identify another price target — the level where you’ll book profits. I’m sure you’ve heard Tim Sykes say that you should always [cut losses quickly.]( And I agree with him. But the concept works on the other side of the coin as well — when booking profits quickly. If a trade’s going well, greed is your worst enemy. You’ve gotta fight the urge to hold out for unrealistic price targets. To use a soccer analogy: Be satisfied scoring a double … don’t injure yourself going for a hat trick! This is especially true during a week like this one when major Fed catalysts can rock the market in minutes. I want you to be greedy with your gains this week. For example… If you’re up 50% on an options trade, don’t hold out for 75-100%. Lock your profits up and move on to the next play. This is easier said than done. There’s a constant war in traders’ heads between holding runners and booking profits quickly. But this week, with the Fed dominating the narrative, it’s more important than ever to grab your unrealized gains while you still have them. Focus on Your Game Plan Too many traders fail to form a solid game plan before entering their trades… Why? Because they’re impatient, greedy … or both. Every successful trader I know has their game plan prepared before they enter a trade. On the contrary, many newbies attempt to throw their entire account at options trade, dreaming of making millions in a day. (Just look at [r/WallStreetBets]( for thousands of examples of this mentality.) But the vast majority of these wild fantasies will never come true… You can’t take more than the market’s willing to give. You’ve gotta choose your trades carefully and be consistent with your game plan. So, what details should go into your trading plans? Here’s what I always include… - Key price levels (support and resistance)... - Any upcoming catalysts that could affect the share price… - Position size (the number of contracts I want to trade)… - Profit target and risk level… - Potential entry and exit prices… If you make a trade without knowing those five things, you’re practically begging to lose. But the opposite is also true. So, make sure you’re always forming an airtight game before you enter any trades. Plus, make sure you’re not missing my special live broadcast on Tuesday… IMPORTANT ANNOUNCEMENT: A Special Live Broadcast with Rob Booker! Wednesday's Fed policy meeting will create a MASSIVE opportunity for traders. That’s why [TODAY at 11:45 am Eastern]( Rob Booker and I are inviting a limited audience to watch us discuss how we’ll be capitalizing on this pivotal moment for the stock market. You see, most retail traders approach major catalysts all wrong… But Rob and I will be showing you how the pros use deliberate timing to take advantage of the kinds of irrational price moves surrounding this historic meeting. DO NOT miss this time-critical, invitation-only live event… Space is limited. [Click here to reserve your spot BEFORE it’s too late!]( Until then… Stay Street Smart, Jeff Zananiri   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. 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