“Sometimes i have been stuck in trades from earlier in the week or something that i end up holding through the event. It just isn’t always possible to completely avoid the news event risk.”
One of the hardest things a trader has to learn, be a good loser.
I had three trades open prior to the FOMC. They where bearish, I thought the price action would go bullish. The open traders were short a total of 25 pips at the time. The safe play would have been to close the three trades. Instead I would up with a 175 pip loss which could have easily been avoided.