Here's 5 quick rules you should learn when trading fast and volatile markets
Rule 1. If in doubt, stay out. Let the dust settle and come back when it’s calmed down.
Rule 2. Make your trades ultra manageable. If you must play it then reduce your size so that any losses aren’t going to have you going for the nearest tall building.
Rule 3. Look to play the long game. If you feel the market is going to correct then, reduce your size and build smaller positions, again making sure they're manageable.
Rule 4. Have your targets and stops in place. Don’t get caught like a deer in the headlights. Set your boundaries as they will give you piece of mind.
Rule 5. Don’t be afraid to bail on a trade. If you don’t like it don’t play roulette with it. Get out and move on.
