When this kind of phase do occur, many traders now consider going into futures making use of the opportunity by buyers and sellers confusion.
I'm the opposite of those traders, when market gets confusing, I just stay away from the market. The liquidation isn't worth the gain.
It's like current market where the market is just full on chasing the people's liquidation point. It literally shifted from bearish sentiment after the flash dump to optimistic recovery like now.
The people who have shorted probably can't sleep right now. On the other hand my spot bag is doing very well.
Exactly, when the market is chaotic and things are uncertain, it is better to stay on the sidelines and observe instead of rushing in like moths to a flame to seek profits based on luck. As long as the market exists, opportunities will always be there. We will not lack opportunities to make profits. There is no need to be so reckless.
Futures trading is no different from gambling and it is more like we are gambling than investing. Especially in times of turmoil and we want to trade more. That shows we are gamblers, not traders.