I can't go to sleep - I just can't. I mean c'mon, how often do you get to see SPX futures down 100 points, circuit breakers triggering, Dow futures down over 600 points, among other things.
I don't have any positions going into tomorrow. I sold my one long position and covered my one short position today. The volatility and the unpredictability just wasn't worth it to me to hold anything overnight.
What's even more crazy, is 99.9% of all retail investors are going to be shocked by this when they wake up in the morning. Most people didn't realize the significance behind the Brexit vote coming into today. I on the other hand decided I wanted none of it.
I took a screen shot of the futures just a few moments ago, to capture the moment of just how crazy the market can get. Who knows, maybe I'll frame it and put it over my office desk just because it makes for some great wall art.
This market over the past month was getting a bit irritating to me simply because it was rewarding the people who throw risk to the wind. But tonight is a great reminder as to why focusing on the risk aspect of every trade is absolutely paramount.
