《Powell's Speech Approaches, Don't Panic About Your Positions! 3 Steps to "News Exit Strategy" to the Rescue Tonight》
Brothers with positions, don't panic! Tonight, Powell will speak at the central bank annual meeting, and the market will certainly see significant volatility. This is an excellent window for exiting positions!
Here are 3 steps for the "News Exit Strategy":
1. Cut Losses to Save Yourself: If your position is over 30%, cut it down to 1/3 before 10 PM. Don't wait for a margin call, leave some bullets for future trades.
2. Exit with the Trend: During the speech, the market is prone to "false breakouts". For long positions, cut if it rises 5%; for short positions, exit if it falls 5%. The probability of a false breakout is over 70%.
3. Reverse to Catch the Trend: One hour after the speech, the market will move in a real direction. Use the remaining 2/3 of your position to reverse your trades. Go short if it's hawkish, go long if it's dovish, and catch a 10% fluctuation.
If you want to calculate the precise exit points, leave your position + cost in the comments, and I will help you defuse the situation. Don't let Powell's speech trap you!
