Part 8/11:
Manage Positions Accordingly: If you're shorting or holding options like puts or calls, be prepared for rapid shifts. Consider hedging or setting tight stop-loss orders.
Stay Informed: Continuously monitor market catalysts and fundamental developments. If a significant event occurs, the pattern may shift, invalidating previous assumptions.
Maintain a Strategy: Whether long-term or short-term, knowing when you're in a channel versus a breakout is crucial. This awareness guides risk management and the timing of trades.