FOMC 3-18-15

I am back to the market after a week of accompanying Yinmore visitors. I felt a little bite rusty.

My execution:

I broke my rule of not trading in the first hour after FOMC announcement. I didn't stay on the sideline long enough after hearing the drop of "patient". I thought the Pop and Drop pattern would reoccur. Traded in my believes rather than the price action. I sold 5 different bear calls across my accounts. I will manage my risk if SPX/ES grind up to stay on new highs. One thing I did right was not selling RUT bear calls since it made all time high again.

Grains popped higher as US $ fall after the FOMC. No trade in this front. My wheat positions are still dragging.