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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3902 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A Votes: 0 Posted on Monday, January 10, 2022 - 10:25 am:    Blue Chip Trader - - VIX on the rise above 22 as First Hour Distribution continues... No surprise to see volatility on the rise with this morning's selling pressures expanding ranges wider off the open. The VIX is climbing to fresh 2-week highs over the 22-mark, which means traders need to make the necessary adjustments to managing risk. You've probably noticed that I quickly favored "scaling into" fairly wide price zones on my trades this morning. As these "fast and loose" conditions arise, I cut back my position size and give more leeway to the support/resistance zones in play. Approaching this market with "hard" stops and full size is extremely difficult to do if you lack the trading software and/or the discipline to do so. Most of us are better off erring on the side of caution by reducing size and focusing on wider zones. A Short/Hedge probably wouldn't hurt either. (I'm carrying a very small Swing Short balance in the IWM from 224's and trailing a Swing Short balance in PTLO from 37's).