CPI Reflections & Falling For False Hope | September 14, 2022

Here’s a concise summary of ICT’s talk about the CPI release and trading lessons from the session:

– The CPI release produced an extremely fast, violent move that occurred too quickly for real-time retail orders to get filled.
– Market replays and demo/account screenshots can be misleading — many “perfect” fills shown after the fact are from demo or replay and wouldn’t have executed live.
– During high-impact news (CPI, NFP, FOMC, rate announcements) liquidity and execution break down: stop losses can fail and brokers often cannot fill pending orders.
– You should not “stand in front of” or try to predict/manipulate these reports. Trade only after the report and only when a clear, low-risk setup presents itself.
– Chasing price after a huge intraday move is dangerous; it’s better to sit out than force an entry. Missing a move is preferable to suffering a loss or anxiety.
– Treat missed moves as a learning opportunity with zero drawdown — they cost nothing and preserve capital and composure.
– Emotional responses (regret, anger, ego-driven revenge trading) are the main causes of account blow-ups; discipline and patience are essential.
– Don’t expect a mentor to hand you a replication trade you can blindly copy — you must develop your own entries, exits, partials and risk management.
– Keep a trading journal with positive self-talk: record setups, feelings and lessons so you can learn and recover during rough patches.
– Trading success is a long-term, repetitive process (“boring is best”). Pick your events, follow a proven model, and avoid chasing flashy or pop-culture-style trading.

Bottom line: respect high-impact news, avoid gambling/chasing, protect capital, follow disciplined rules, and view a single big-day move as one of many opportunities in a long career.

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