It’s never easy to deal with a day like this.
No matter how much you have made this year, as long as you stay in the market, giving back some of your paper gains is inevitable.
Days like this reveal your true risk tolerance. Listen to yourself.
But it’s exactly this staying-in-the-market mindset that pays off the most over a longer timeframe.
I am still optimistic, but obviously no one knows where things will go from here.
Cut leverage, trim low-conviction positions, and hold onto my most trusted bags.
Good luck to all of us.