*`VARIOUS' FED OFFICIALS SAW RATES PEAKING AT A HIGHER LEVEL
*MOST FED OFFICIALS BACKED SLOWING THE PACE OF RATE HIKES SOON
A FEW PARTICIPANTS SUGGESTED THAT SLOWING THE PACE OF RATE INCREASES COULD REDUCE FINANCIAL SYSTEM RISKS, OTHERS SUGGESTED THAT SLOWING SHOULD WAIT FOR MORE PROGRESS ON INFLATION.
PARTICIPANTS AGREED THAT A SLOWER PACE OF RATE HIKES WOULD ALLOW THE FOMC TO BETTER ASSESS PROGRESS TOWARD ITS GOALS "GIVEN THE UNCERTAIN LAGS" ASSOCIATED WITH MONETARY POLICY.
Trading is 99% having the ability to not settle for anything less than the top 5% opportunities.
This goes for day trading, waiting for the A setups.
It also goes for investing, where one has to look for the highest quality businesses to give a fair price.
In order to know what the 5% looks like there needs to be a benchmark and understanding of expectancy.
For day trading it is tracking a setup.
For investing, DCF/Intrinsic value gives you the same.
The process is fairly simple, but the emotional fortitude it takes to not trade when others do, not chase, not settle for something that isn't perfect is the hardest thing of all.
It also meaning sticking up when all do the opposite of what you plan to do.