Some of the older folks with over 40 years of trading experience said that they have never experienced such large movements in a single day.
First, the market dropped 2.8% then it rallied 4.5% and closed 1.18% higher than yesterday.
What kind of insane movement is this?
How can the market move trillions of dollars like that in a single day?
The funny thing is that probably nobody knows.
Sometimes it entertains me when I hear "experts" claiming that they know everything and with ridiculous confidence they explain every movement and make bold predictions. But the reality is that movements like this shows that neither the #fundamentalists nor the #technicals have the magic ball.
The market movements are random.
So how do we take advantage of this?
Just look at large movements that do not seem logical.