The market today was quite volatile, bouncing up and down, but if you look closely, it's just two words: shakeout. The price repeatedly tests key levels, sometimes breaking through and sometimes pulling back, but there's no substantial extension. The volume spikes occur at two main times—either just breaking through a certain hurdle or rapidly pulling back. The structure has yet to form a clear trend signal, and that's the problem.

This kind of market is most likely to wear people out. Trading in and out too frequently will constantly eat into profits through transaction costs, even if you're right about the direction. Many people frequently cut losses and chase highs in the volatility, and in the end, all the profits in their accounts are eaten up by fees and slippage.

There's an old saying that fits perfectly here: the market will eventually move, but your patience must survive first. Instead of recklessly jumping in during the volatility, it's better to wait and see.