I am sitting on my hands right now. I have some plays that are giving me a return but because of the extreme moves, I won’t risk my capital. There is just way too much panicked money out there that can put you on the wrong side of the trade too fast. Good luck to all of you. If I was going to play in this market in the next couple of days it would only be a day trade and I wouldn’t hold anything overnight.
1 Rumor or announcement could reverse this market violently in either direction and crush your position. Preservation of capital is my motto right now.
