Trading FOMC Days
Swing Trading the Stock Market
Ryan Mallory
4.7 • 828 Ratings
🗓️ 1 November 2023
⏱️ 19 minutes
🧾️ Download transcript
Summary
FOMC Statements come out every six weeks and helps to dictate the future direction of the stock market. Their forecasting and changes to interest rate policy can create extreme volatility intraday for the stock market. How does one trade these types of days, and how can one avoid the needless whipsaw price action that frustrates and ruins trading days?
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Transcript
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| 0:00.0 | Using my Berkeley Card Forward Credit Card to pay for the stuff I need now |
| 0:03.2 | could help build up my credit school for the day I need something bigger. |
| 0:06.5 | So buying a set of headphones, or waits for my workout, smashed it. |
| 0:11.4 | Could help in the future when I want to rent my first flat share. |
| 0:15.4 | Now that's forward thinking. Check if you're eligible at barclaycard.cote. |
| 0:20.4 | 33.9% APR representative variables subject to application financial circumstances in borrowing history, T's and Cs apply. |
| 0:26.6 | Responsible use of a credit card can help build your credit score when you pay on time. |
| 0:29.6 | Hey, I'm Ryan Mallory and this is my Swing Trading, the Stock Market podcast. I'm here to teach you how to trade in a complex, ever-changing world of finance. Learn what it means to trade profitably and consistently, managing risk, avoiding the pitfalls of trading and most most importantly, to let those winners run wild. |
| 0:55.4 | You can succeed at the stock market, and I'm ready to show you how. |
| 1:00.1 | Hey, everybody. This is Ryan Mallory with Swing Trading to the Stock Market. In today's episode, |
| 1:05.2 | we're going to talk about the FOMC, the Federal Open Market Committee and the impact |
| 1:10.3 | that they have on the markets every six weeks. |
| 1:12.2 | Every six weeks, you got the FOMC statement that comes out at 2 p.m. Eastern, followed by about 30 minutes later, the FOMC presser. |
| 1:20.1 | Both of them might detest, both of them might hate, but it's a part of the markets. |
| 1:24.1 | We're going to talk about it. |
| 1:25.1 | We've got an email from a guy who's really just |
| 1:28.5 | frustrated by these. He just can't get a handle on how to trade these FMC days at Rex's |
| 1:35.5 | portfolio, and he wants me to talk about it. So in order not to tell his real identity, I give him |
| 1:41.1 | a fake or a redneck name. I'm going with Vern today. |
| 1:46.1 | And Vern writes, |
| 1:47.6 | Hello, Ryan. |
| 1:49.1 | I'm on the brink here. No kidding. |
... |
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