Profit taking today, poossible run up to the end of the week.
This volatile market is a trader’s dream come true.
Are any of you Freepers with money still in the market considering going cash based on today?
I'm simply amazed at how many people STILL don't even understand what this problem is all about.
The pro readers I know, one with a 7 to 8 figure trading income last year, say this volatility since Wednesday has been a nightmare to make money in -- or let me rephrase that -- EASY to make money, EASIER to lose it. Some people have gone with straddles.
There should be upward pressure into options expiration, but that is just a factor; other forces may be stronger.