It feels like the end of the world for some reason. Probably due to the velocity of the moves/drop. But we're not even down 1 % on ES on the low print.
Taking a closer look at that move after I shut down my trading for the weekend. 1) That was an instant 13 point drop. 2) 19 points in 3 seconds. 3) 41.25 points in 1 minute and 21 seconds. To be fair, I've seen a few wild moves in RTH in the past as well, but it's a long time since I saw anything similar like this. I said I don't recall seeing anything like it. Maybe I was wrong on that when I reconsider. Still, pretty wild.
Well, you come across as a bit of bear, so that's no wonder... Personally, I prefer the Biden markets with more predictability which again makes it easier to take on a bit more size or leg into a larger move. Even though my all time best days are short trades I still much prefer being long.
Definitely lean bearish. It's a bad habit. I blame my job for it. When you sell money for a living you really get a unique insight into the state of the 'real world'.
What I do is, before I start my trading session (or on the weekend, for the whole week), I set alarms in Windows for 5 minutes before every major (announced/scheduled) news report. Otherwise, I find it easy to miss things or get distracted.
I like to trade when the signal is obvious. I end up missing good trades, but it helps me miss a lot of bad ones. I feel more comfortable using higher level leverage when I consider the signal obvious.