This fight feels like a joke! Trump calls for a ceasefire, Iran first acknowledges it and then backtracks, and Israel just announced a ceasefire and then said to continue fighting...
The news is a chaotic mess, and the market is jumping up and down with it.
Trading right now is really frustrating:
News comes quickly and changes even faster; if you chase it, you're likely to get burned.
The market is now stuck at a critical position, with both bulls and bears testing each other.
Although volatility is still present, the market is starting to become numb to the news.
My strategy is three points:
1. Keep your hands off and watch the show, don't join the frenzy.
2. If you want to play, make it short-term with quick in-and-out trades.
3. Only trade in a choppy market with high shorts and low longs.
Right now, trading is like driving in fog—got to go slow, wait until you can see the road clearly before stepping on the gas, or you might easily rear-end someone.