This market is stressing me out. The dow is swinging 200pts on the regular. Everybody is scared, scared it might crash, scared of missing a V shaped rally to new highs. Nobody knows what to do. QE is almost over, the last day is next monday unless they admit economic weakness and extend it, but I really thought that investors would be anticipating it by now and selling. It seems like nothing can take down the bulls. This snapback rally has been much more violent and has recovered much more than I ever expected with violent gap ups. Fakeouts, traps, confusion, turbulence.
Ebolas here one day and it's panic, gone the next and utopia, only to rear it's ugly head again out of the blue.
I had my best week ever last week and am following it up with one of my worst.Much more than usual trading, especially intraday directional bets on the market are feeling like a straight crap shoot. The business of trading is never easy but in a market environment as volatile and unpredictable as this it is especially trying.
Good luck guys and if you are making money congratulations, don't stop you earned every penny of that.
Protect your capital at all costs!