I was stopped out of the ECA aug 32 call position on Friday @ break even on the last piece. A bit frustrating after being up over 150% but 1/2 the position had been shaved @ +50% and did not want to turn a winner into a looser.
Tomorrow is FOMC and I have my ledger extremely light. I am at over 95% cash on my Day trading account. Have just been trading futures intra-day until the market gives me some solid direction. There are plenty of nice setups out there and I feel we will get the opportunity to trade those in the very near future. The rates should stay unchanged, lets watch for the wording and the Fed outlook to see how the markets react.
Pete
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