That said, being a compulsive gambler, I traded the morning weakness via UVXY for a quick profit from 22.29 to 24.38. I feel slightly ashamed, but also $700 less poor.
My outlook for stocks is that they are in a corrective wave that is about halfway over. There should be a higher C wave that convinces people to BTFD before it rolls over into a lower low. We simply have not had enough FEAR and DESPAIR in these markets, something any crypto trader is very familiar with now. After that low, it will be a low-risk long opportunity, likely with some central banker jawboning it up.
Risk management will be PARAMOUNT in these higher-interest rate environment. I would love to ride another bubble rally in stocks, but not without risk management.
And at exit