A lot of traders get caught up in "Meat Grinders". This is when the markets are churning and volatility is high. it is very difficult to trade in these because the moves are arbitrary and those with access to information ahead of the majority are at a distinct advantage. It is best to avoid them except on the extremes.
We are in one of these right now. A trader can lose a lot of capital in these environments because there is no rhyme or reason for the direction changes and they are violent.
How to play it is: 1. Be very patient 2. Don't chase 3. Be very quick
Usually it is best to avoid them
