37 Quickfire Lesson In Trading Options: 10 Years of Trading Experience Compacted Into Easy to Digest Lessons by McMaster Gavin

Author:McMaster, Gavin [McMaster, Gavin]
Language: eng
Format: epub, mobi
Published: 2014-05-05T23:00:00+00:00

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21. Use An Economic Calendar

Every weekend I check an economic calendar that shows the important data releases over the next week. Bloomberg has a great calendar, which is the one I use.

Checking the calendar allows me to plan out my trading for the next week. For example, if I see the Fed announcement is set for Wednesday, I might hold off on initiating any new trades until after then. The market can experience some pretty wild swings straight after Fed announcements.

There are also a lot of key data releases at the start of each month. Jobs data comes out on the first Friday of each month, and ISM Manufacturing data is released on the first business day of the month.

Other important data releases that can move the market are GDP, weekly jobless claims, and consumer sentiment. Here is an example of the weekly economic calendar from Bloomberg.

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