I know that you were kidding Lee but just in case you didn’t see it, I had pointed out CHK in trading room before the market opened yesterday & stated that I was considing adding it as an official trade if the entry was objective as do my best to add trade ideas either in advance of breaking out (setups) or during market hours if the have already broken out. I started scaling in during pre-market as it was apparent that something was going on, plus, more importantly, that bullish falling wedge looked ripe to pop with CHK just above the former T1 support level, it couldn’t get much better than that as far as an objective entry. Unfortunately, (for those that didn’t catch or act on that pre-market heads-up), CHK gapped up well above the top of the wedge & never came back in for a backtest or near-backtest, which is where I would have added it as an official trade. Just wanted to share that & I’ll do my best to try to provide some more lead time on the next CHK. ;-)

@jegersmart – I agree with your sentiments – everyone should keep in mind that these market conditions are particularly precarious, difficult to call/judge and warrant caution at every turn/action. Due to CB interventions and potential major inflection / turning points across many asset classes and markets, maintaining higher levels of cash and reduced position sizing during periods like this if/when entering seems appropriate generally speaking. Also sideways markets ( like the S&P is in currently ) are notorious for slicing and dicing under the covers those who enter the waters without properly managing their entries and risk. In more directional market conditions the room for error is larger and the buffering provided by it can help compensate for less than precise/accurate R/R entries and management. We should all keep the principle of being sure to adjust market approach to market conditions and re-assess market approach continually. No single approach will work thru all market conditions. We must all remain adaptable while still sticking to a market appropriate rules based approach. So keeping things “light and tight” is fine at times like these is quite appropriate.