In January, I predicted that 2016 would be the year of the trader, driven by heightened volatility.

After falling more than 11% at the start of the year, the Dow Jones Industrial Average is now up 13% off the February market bottom.

However, volatility still abounds. And in addition to it, the odds of further interest rate hikes in the U.S. have also nosedived as the Fed dodges the issue time and again.

Every time the Fed meets, hopes of a rate hike become increasingly bleak, rattling the nerves of investors all over the world.

I also anticipated that oil would find its footing and reward opportunistic traders with outsized profits.

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