Positioning Moves vs Trading Moves
Fundamental expectations have changed and all the markets need to adjust. Big Trend Days. Maybe multiple Trend Days.
Individual market expectations have changed. Or not. May be Trend Days or Rangebound Days.
So the First Question of Preparation becomes:
Is tomorrow a Positioning Day or a Trading Day?
And preparation becomes:
What would the catalyst for a Positioning Day be?
And everything becomes very Bayesian –
At least until the First Question of Trading:
Is today a Trend Day or a Rangebound Day?