Hey Guys,
It's been a quiet morning so far. I haven't done any transactions today. No new trades have set up yet and no trades have been closed either.
The Federal Open Market Committee is scheduled to release its policy statement at 2pm ET. This could stir up some volatility in the market. The market could go up or down abruptly. Going back a couple decades, more often than not the market has gone up immediately after these statements have been released, but in 2021 the opposite has happened a number of times.
There's no way to know for sure how the market will respond, but if you want to sidestep any potential volatility you can consider flattening some or all of your positions before 2pm ET. I personally will hold my positions like normal right through it since the back test simulates positions being held regardless of external events. My goal is always to mimic the back test. At this moment I don't have a lot of open positions anyway, so if there does end up being an abrupt market movement it may not impact me a whole lot any way.
If you have any questions or feedback, I'd love to hear from you.