I think I stressed the importance of cash and/or hedging this entire month. It is no mistake. This is the longest overnight cash streak I’ve been in almost 3 years. Intuitive trading is partly about attempting to position one’s self for anticipated market conditions. This erratic market continues to be traded by those who remain stubborn.
The market is currently weeding out the most frustrated traders and it is quickly and obviously separating the professionals from the amateurs. The question is, which camp do you belong in?
The last 5 days says it all: