SPY, wild ride

Daily and hourly SPY chart, for reference the moves that are happening. in 7 trading days, it dropped from 339 to 286. This is supposedly coronavirus news. Panic over global economic slowdown bc pandemic.

Today at 10am, Fed suddenly announced an interest rate cut. Market that was dropping spiked like crazy, but it very quickly gave it all back again and more. Crazy volatile times.

DAILY

HOURLY

MINUTE, TODAY

Trading massive volatility

I stepped into a big risk zone past 3 days. Loaded my "on hold" cash into the trading account so I can trade much more. I don't want to keep this money in there, but it has been actually a comfort in that I can take a trade and know I can stop it properly and still take several more tries. This is the pro/con of trading in a cash account: I can take multiple trades, but only until I've used all my settled cash once.

As a result, I'm trading slightly larger (or sometimes MUCH larger) positions. This amplifies everything. I find that I am able to apply my same techniques with the same level of emotion, but the gains and losses are potentially bigger. I'm discovering that I'm happy to make those 2-10% gainers, because the cash actually really adds up. For example today I made about +2% on my account, but the $ amount is very satisfying.

Starting tomorrow, I need to start moving some money back to the hold. That is my dry powder, my insurance.