Trading From Main Street

[Toni Hansen]

With the Fed. news hitting today you should use extra caution. Typically a move higher in the morning will occur with decent trading but unless you like to gamble I would not hold into the Fed. announcement. Personally, I'm not the gambling type. The common action following the announcement is a rapid swing one direction, a counter-swing near the same magnitude and then a swing back in the initial direction which followed the announcement. Online brokers tend to get bogged down at these times so executions are much much more difficult when you want them and fills can be all over the place. Kind of reminds me of those soccer tournament rallies where everyone just falls all over each other going stupid. Watching the game on tv in the comfort of your own home is much safer. Take care out there today gang!