God today has been wonderful. Slept in, caught the second slide down, almost got out at the chop around 1:00 EST but held on and just sold out of some DIA and SPY puts. Gotta love this volatility.
They need to paint it as green as possible these next few days. I have a friend who's a financial advisor with approx. 80 mil under management and a large number of the clients want their funds moved back in the markets after monday's...
Not using stops is dangerous. If there is volatility you just have to shorten your time frames and be on the ball. Always have some sort of downside protection, just make your stops a bit looser.
Guys, do not start shorting this yet. Wait for the plateau and eventual drop first. You will see it turning if you pay attention. Keep tight stops if you do start playing the short side.
