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Anticipating Heightened Vols
This week promises to be anything but boring with all that is currently on tap. The important to remember is that none of us "know" the outcome so please remember to trade small and trade safe this week allowing us all to return to this business that we all love once again next week. Remember to not subject too much of your account on any one trade idea, but rather to trade the process. Currently the odds makers have the Brexit referendum at about a 70/30 proposition in favor of remaining in the EU. Thursday we will know more. Until then, we are likely to see some heightened vols as the market makers currently have approximately 50 points of S&P volatility priced in for the remainder of the week. Knowing that, I'd suggest trading small, trading safe, and protecting your account so that you may return and trade once again next week.