Friday, October 24, 2008

Be careful out there!

Look for the VIX to hit 100 today. If you're an amateur like myself you should be sitting on the sidelines today preserving capital or at least decrease your position size. On days like this, orders don't always trigger like they are supposed to so you're risk increases. I know agressive traders love this high volatility, but it stresses me out too much. I'm looking forward to a day when the VIX gets back under 30.

No comments: