We wanted to send you our email today after the FOMC announcement, but unfortunately the FOMC is the highlight of The Long and Short of It so I apologize that it is after the fact as far as today. This is an announcement that happens every 45 days so it will still help you in the future and is very worth watching.
So, on to today. Weird is the word I would use. We had a 6:30 set of announcements this morning. We all did well but were very conservative. We wanted to make sure that we were wary of any odd movement because of the FOMC that was scheduled for 12:15 today and can influence other announcements throughout the week and especially on the day itself. So around 12:00 we start getting ready. We put in our brackets, discuss our plans, we had Boot Camp students here that we were helping, we tell them that the announcement is typically late because its Ben Bernanke speaking and it takes him some time to get to the meat of his speech. So we're all ready, eagerly anticipating... At 12:13 I start seeing movement on the chart but figure that's just pre-announcement movement which can happen from time to time. But I then check the news server and realize that the announcement has actually been released 2 minutes early and the movement I'm seeing IS the reaction. So I missed the initial movement. Then I start looking for a correction and never see one. Ultimately I didn't get into a trade, dangit. Which is sad for me because I love the FOMC announcement. But today was... weird. Fortunately other traders here were more prepared than me so they captured good movement. For the day, Steffany got .75 points, Don got 1.75 and Josh walks away with the biggest win of the day with 4 points. Me? I got a half a point on this morning's 6:30 set. Live and learn, live and learn.
Tomorrow we have a 10:00 a.m. MST free Introduction Seminar at Orem. The address is 1411 West 1250 South, Suite 300. We will also be doing our Wednesday Trading Arcade at 6:30 a.m. MST. You do need to be at our South Jordan office by 6:00 with your computer to participate. You also need to be a full trader with Market Mover Trading. We want you to be here 30 minutes early so we can make sure we have enough time to help you get set up with your computer and prepared for the announcement. We don't want anyone to feel rushed since these are important decisions and it takes a few minutes to understand and plan prior to the announcement release. Our South Jordan office is at 10813 S River Front Parkway, Suite 300.
We also want to mention that this Thursday is our monthly Social Forum in South Jordan for all Market Mover traders to come together and talk, discuss, learn, strategize, etc. This has been a popular event in the past and we look forward to seeing you again on Thursday. There is food, great conversation and the ability to learn from others who are succeeding. We also have our Boot Camp instructors here for you to be able to ask questions to. That will be from 4:00 p.m. to 6:00 p.m. this coming Thursday, March 18th and you're welcome to come for the entire two hours or just ten minutes, whatever your schedule permits.
Lastly, The Long and Short of It. Again I apologize for the tardy release but hope it will be good future information for you. The Two Cents gives you unbelievable tips on how to use your toothpaste for almost everything BUT brushing your teeth:
http://www.youtube.com/watch?v=CH4TjmN6tOI
Thank you, Amy
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