The whipsaw was the most violent I have ever experienced.
I have underestimated the resilience of the Bull.
The market is rigged by the government/Fed/ppt/citadel
The downdraft is unstoppable.
However, I do not know When the move will occur.
I'm getting caught in traps of ramping up my risk w/ more base capital.
The moves in oil have whipsawed every day. I am worn down.
Likely the move is coming soon but impossible to know when/how it will go down...
The employment data was atrocious today.
The world is mired in an economic global depression yet the markets remain near all time highs...
How much longer can they prop this up before it breaks once again & violently legs down?
I remain long soft commodities however am now waiting cautiously & patiently for the next big drop...
1.) Eat a good breakfast before you begin trading to ensure you are mentally & physically prepared for whatever the market may throw at you, because truly anything can happen.
2.) Be careful of position sizing. Just because you have more money does not necessarily mean that you should be increasing your risk exposure.
4.) Do not underestimate the resiliency of the Bulls. The Bulls have the Fed/PPT/Citadel HFT algorithms on their side.
The Fed & their loyal banking cartel created this bubble and know full well it is the largest, most dangerous bubble in human history. When the bubble pops it will be truly devastating. However, timing the exact moment of the collapse is nearly impossible. TPTB will do everything in their power to prop it up for as long as possible.
It is still dangerous to be leaning too short because when volume dries up the algos can somehow work these massive short squeezes. The overnight volatility has been extreme.
I had been trading fantastically using my hedging strategy but in this dangerous market environment, one slip up can have devastating consequences. Despite today's whipsaw, my account remains above the high water mark & well above the lows of the oil massacre two weeks ago. I have stepped aside from potential danger. This experience will mark a higher low in my trading account & I will go forward with caution onward & upward to new high$