I'm sure you're all really disappointed in me, right? This was a beautiful trade. I should have easily been able to take some profits. Instead, I felt like I couldn't read the indicators, so I stayed out.
This massive movement - about 11 points total - was the result of the WORST numbers on New Home Sales in months and months.
I plan to trade the FOMC Rate Announcement - but on paper - as this trade has elluded me in the past.
Good luck!
K
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