I put out the below thread a couple days ago and I think EVERYONE should have this awareness. I think we have a SIGNIFICANT probability of a Dec 2018 volatility event going into EOY. Right now, it feels like SKY IS LIMIT... that is exactly when you should be preparing. $SPX $VIX https://twitter.com/stealthebasis/status/1327076708240007169

Remember what the market wants to do: the market wants to suck you in, and then spit you out. Why? B/c the market runs on greed. It wants to make you feel extreme emotions (extreme FOMO, or extreme pain). There is no middle ground, just like greed has no middle ground.

The market wants to make you feel like you're stupid. It wants to make the smartest people question themselves. It wants to make reality seem like delusion, and it will make delusion reality. All of this b/c ultimately, the market runs on greed, nothing more. Of course, this...

...has not changed for centuries. But what has changed is that markets are being socialized by central banks. This is being done in the name of stability, but just like tops, socialization is a process, and it is a very volatile process. You should have this in mind as well...

...that the only thing certain is higher highs and lower lows. The last time the market went down, it went ~2300. You should assume next time it will go down further. When it rebounds, you should assume it will go higher as well. Eventually, markets will flat-line (think $NKD)...

...but until then, as a trader, you should assume increasing volatility, not decreasing, and if you are an investor, you should NEVER EVER buy tops. You should be buying SELL-OFFS like March (they will come again) hand over fist, and you should be selling (NOT SHORTING)...

...new highs (THEY WILL ALSO COME). You need to realize what the market is doing, see those emotions in yourself, the ones the market is trying to make you feel, and get ahead of it. Otherwise, you will just be a victim of greed, and not a benefactor.