VIX regimes: do you adjust your trading to fear levels?

Low VIX means complacency and smooth trends; high VIX means panic and violent reversals. Strategies that don't adapt to the fear regime trade the same way through both — usually badly in one of them.

How do you adapt?

• how you read the current regime
• the changes you make between low and high VIX
• the regime shift that caught you out

The risk-on risk-off guide connects fear to currency flows.