Bullish Start To The Week, But What’s Next?
It’s been a bumpy two weeks for the indices. A few days have seen massive dips and recoveries. One saw a 300+ move in the dow in the matter of a few hours.
A fair amount of newer traders haven’t traded high volatility market situations like this.
It panics them. It makes them overtrade as they try to recoup losses…usually resulting in more losses.
If the above applies to you, calm down and slow down your trading a bit…
Take a step back sometimes. Think of it like this…if you had bought 1 share of $QQQ on February 1st and done nothing with it, you’d be breakeven as of today. If you had bought one on February 5th as the market seemed to be recovering and held through the dip, you’d be up a fair amount.
Professional Options Trader