I received a call from my dad asking if I was OK with the market panic selloff. Even though I had explained how I trade he and many others still think a drop in markets is bad for everyone. Naturally the panic selling was not the start of the down trend so I was nicely short the Dow prior to sell off.
I still can’t believe how robust this system is. Conceptually, I felt I understood it in the past but you just don’t get it until you trade it. And I am still amazed that the general market still thinks that you can only profit from stocks and commodities going up. At the same time I am profiting from that ignorance, so I am inclined to enjoy it.