The day-and-a-half snap-back from Tuesday's lows was quicker and larger than most would have expected. From "rally under pressure" to "market correction" on the Investor's Business Daily barometer, and then a move back within 10 handles of 2013 highs can spin around even seasoned traders. What you can't do is be stubborn and fight the action with opinions. That’s how you get put out of business.
The day-and-a-half snap-back from Tuesday's lows was quicker and larger than most would have expected. From "rally under pressure" to "market correction" on the Investor's Business Daily barometer, and then a move back within 10 handles of 2013 highs can spin around even seasoned traders. What you can't do is be stubborn and fight the action with opinions. That’s how you get put out of business.