I keep looking at the chart on my console at home from across the room. It is like staring at a painting in awe.
The chart looks absolutely bizarre. I can feel the violence and panic every glare at it. It is like a plane crash. I thoroughly enjoy researching the mechanics of aviation disasters and the first chart above gives me the same feeling.
Today was the first time in over 450 posts that my overlay extends off the initial prep chart. It would have taken 2 charts to cover the avalanche down and spike back up.
We had a 120 point range. That is huge. Since I was flat at the time the price started tanking it was entertaining to watch the avalanche to 1100.00 then got scary as it kept extending down.
I can not imagine what it was like for those who were long or buying into this.
I was waiting for breakers to come on but I do not think they are active after 2:30 EST. I was wondering if my data was malfunctioning for a few minutes.
The bottom and massive spike back up did not surprise me. The price can not travel that far and hold.
There is no use in trying to figure out if this move was tradable. It was a black swan event and nobody is going to make a living nailing these.
It is a victory for those who made it through with their accounts in tact.
My own trading was decent today as I made profits on the long side earlier in the day. I have been writing less commentary because I am working on my trading.
As you can tell I am in a tough grind and my trading took a turn for the worse towards the end of last week and into this week.
I am trading with far too much discretion and not in the right mental state to master total discretion right now.
I am working on revising my trading plan to something very simple and executable. It is always best to keep things simple.
I will get back on track and am looking forward to the commentary to get interesting again.
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