Good day trading can be a really brutal business. And today was one of those days.

We spent most of the day waiting for the FOMC to speak, or at least to announce an interest rate rise. And then what happened?

Well, firstly, they didn't announce an interest rate rise. And secondly, when they did speak, it was well, kind of a bit of nothingness.

But by then the damage had been done. Anybody who tried it in the first session, really did put their wallet in the jaws of the lion that is the market. We made it really clear in the live session that today was a day for experts only.

And if you hadn't been trading for a number of years, you were unlikely to be successful. Why? Because the VIX was above 30 and with FOMC speaking or making their announcement, we knew that the market would do very little until after that announcement.

We said it 5 times - patience and wait for the FOMC.

And so it was.  What did the do before the announcement? They just chopped people to death.  Moves didn't follow through. And when you day trade in these circumstances, you really have to be super experienced to make it work.

The best thing to do was to follow the golden rule that we tell you every single time we live day trade.   

Patience, patience, patience. 

Patience really is a virtue, and it will absolutely make sure that you have the highest probability of making profits. If you go too early, you lose. 

In today's video, you'll see us make some nice profit. And then we take a new trader and hand the console over to him. The first thing he does is takes a trade. Yep, you've guessed it too early and what happens? He runs into problems also almost immediately.

This is NOT just one of those things, patience wins. Don't forget it.

We have a very, very high probability system here. If you had waited shown patience, you would ended that you would have ended the day super profitably. If you try and pre-empt the moves, it simple doesn't matter what trading system you've got. You will lose.