Volatility is your friend and helps to compress time
Although volatility is your pal, it can cut both ways
If a stock moves 30% a day, then you can’t trade with a 5% stop
Don’t expect a volatile stock to stop behaving as it has been and only move in your favor just because you’re now in it. Unless you’re Bill Clinton, what is, IS.
Random Thoughts:
Observe but be slow to shift gears — we are trend followers, not predictors
It’s the market’s “job” to shake you outErr on the side of the longer-term trend
The market will do what it has to do to create the most pain (for the most people)
The market will often do the obvious in the most un-obvious manner
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