Despite the fact that there will be a host of talking heads, brokers and gurus running election specials, it doesn't mean that you will actually have any edge or that it's worth pulling an all nighter.
Keep in mind that the vast majority (and I am being kind) of these shows, webinars and services are not going to be making bank trading but rather by selling services, trading commission or advertising revenue.
Make sure you understand what you are doing and the risk you are taking. Even if there will likely be opportunities in the short-term, there will likely still be a lot of opportunity when the dust settles but with less uncertainty and event/liquidity risk.
I am not saying that you shouldn't be trading, just make sure you understand the context, expected moves and therefore risk.
Trading responsibly always makes sense but in some cases, for some accounts, these events are simply not worth it. Some will ask if I'll be trading the event (I will) but the better question revolves around how much I am willing to risk but this will still be different to you.
IMO the reality is that for most, especially newer or undercapitalized traders the % risk they would have to take to justify pulling an all nighter coupled will the emotional stress and potential damage from not being disciplined is just not worth it.
Choose your own adventure. I wish everyone nothing but the best. I am not trying to kill the buzz but hopefully this thread can help some of the newer traders on the stream. Just some reflections from someone who has been doing this for a long time.
Markets refusing to price in any possibility of US-China escalation.
Attitude remains, 'à la Chuck Price'. Just another round of musical chairs... nothing more nothing less.
Not only is holding China accountable is some way, shape or form a bipartisan reality now but Trump will likely press/milk this all the way into the election.
$ES_F now that the 2800 confluence with the 200dma held, keep an eye on action around this 2880 mark. As discussed, this is likely, the bull/bear line for a move back higher. Today's daily close is going to be KEY.
Remember that during all these recent ramps/strength, the $RTY_F has continued to lag and has remained a reason for concern. It remains a key piece of the puzzle and formed part of our thesis to play for this correction that just took place.
It's also at a key bull/bear line but the 1500/1600 zone remains a massive chop area. Any broader rally that does not see $RTY_F hold above the 1600 mark remains suspect.