Folks - nobody can tell you how to trade volatility like this, but I can tell you what I do:
- size smaller
- trade at key levels only
- tightly manage risk
- take profits early
- trade with the trend
I've posted some of my P&L here and you can see that I sometimes get stopped for small gain or loss. It's because I'm trading at key levels and if the level is lost, I'm out. The thing with these is that price will "vibrate" around these levels and you'll end up taking stops in profit. It's just part of the game and I'm fine with it.
Learning to trade with the trend was one of the hardest things for me to learn and it's not easy all the time. I traded part of 2020 against the trend, or rather what I thought was a retracement to short back for retesting the lows. I did it successfully but I could have made more money more easily if I traded with it. There are no brownie points for catching the exact bottom or top.
You don’t trade for money, you trade for freedom.