.... Part 2 .... A long time ago I watched a trader's channel who was a million dollar earner and had a seat on the exchange. After huge range expansion days like yesterday, he would play mean reversion setups as the market ping ponged back and forth. If the market had another expansion day it would lead to losses. (I'm sure he had some way of recognizing a trend day because he was an actual pro). Ping pong the range. Don't anticipate. Trade what you see. Not what you believe. Trolls are welcome. This is America baby. #FreeSpeech
The guy seemed legit and he never sold anything. However, I'm not giving advice. I'm sharing something that I think I need to hear, again.