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SE Iowa | This type of market you need leverage or deep pockets.. if you have a direction or obj you are shooting for play the big swings...
He wants to be long.. but the rally didnt give a good risk reward ... ie chasing.. a very easy way to get whipsawed...
So.. on big rallies come in and buy a put.. wait for that correction then you can buy futures and be in the lead with the put and have the leverage to stay with it instead of getting stopped out.
You can do the oppo.. with call buying.
Edit to add.. this is how to use the charts with conjuction with reading the tape.
Edited by Palmtopper 6/9/2021 07:39
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Kggonzo
