Going short yesterday would have been a great idea. Like I said once already: only if you don't trade with leverage. Today's session proved that. This is not a set-it-and-forget it type of environment for leveraged trading at least. We're seeing consistently huge moves on a daily basis. You said yourself early this year that this year would be the year of chop and that I'm sure will be the most accurate forecast for this year. This market have everyone getting super bullish at highs and super bearish near lows.
Done AM: 40 RT for -1334 PM: 16 RT for -1332 No Worries., Still . Still got more in the tank before lifetime max for strategy
If you were day trading, by all means I agree. But suppose you got in the trade for some time now. Then 1 or 2 days of blip should not have much impact. Furthermore, up to now, all the pullbacks have been met by even stronger BTFDs. So tread carefully if you're a daytrader. Otherwise, grow some balls.
This is just the beginning. You haven't seen anything yet. Be prepared for some real rollercoaster rides.