Volatility Continues Smarty Recap – 04/30/10
No trading today. Another very, VERY volatile day in the market. It has been a tough week and I am just glad that it is over. I am willing to bet a lot of traders lost money this week or are sitting around break even. One minute the market was rallying, the next it was sharply falling off a cliff. One day the market was down, the next it was up on weak volume, but some how continued to go higher. In times like these I am going to try and stay in cash. There is no sense in trying to trade these sharp swings because the potential reward is smaller and the risk is a lot higher. Unless you like to take risk, just sit tight or take small positions. I will be back Monday with an update if I trade or decide against it.


