50K Portfolio 1 Micro SI 25 (LIVE) = -$1,350
200K Portfolio 6 Micro SI 25 (LIVE) = -$8,150
This was one of our worse trading days in a while. The worse trading day in this portfolio is -$1558 per micro for the 50K and about -$9k in the 200K Portfolio.
Often times chop leads to trend and trend leads to chop and worse trading days lead to big winning days and big winning days are followed by big losing days.
Starting on a drawdown or adding contracts on a day like today is ideal.
The price action today was one of the more choppy FOMC minute days with constant reversals on nearly every trade.
The market was down but the selling ended 30 minutes into the day session with increasing chop on FOMC Minutes. I believe the market should have sold off further.
This prop up price action is directly related to the excess liquidity in the market that the Fed will begin to reduce in May. The Fed will begin to reduce its balance sheet by $85 billion per month or $1 trillion per year.
It was interesting to hear Sam Zell affirm that the excess liquidity from the Federal Reserves has destroyed real price discovery.