I saw a comment where framing what Donald Trump just did as "a brexit" and I cannot imagine a more apt description. Unsurprisingly the market tanked while he was speaking yesterday. My biggest mistake was trying to trade long puts during the day, in a ludicrous market run-up, instead of leaving some puts in at the close for the inevitable crash.

There were not many moves to take today other than closing some covered call positions. I want to have some flexibility with my holdings, which at the time of this writing have lost 20% of their value since close yesterday.

This economic self-sabotage by the President of the United States is infuriating mostly because it has no basis in any rational thought. I don't buy the theory that this is "short term pain for long term gain." I don't buy the theory that this is to force the Federal Reserve to cut interest rates. The American people don't gain anything from a recession. The bank-induced financial crisis of 2008 took many people over a decade to recover from. The only beneficiaries of financial crises are the ultra-wealthy whose capital allows them to buy the macro-dip whilst jet-setting to and from Mar-a-Lago.

The substantial losses incurred in the market will certainly give some of my trading a pause, it will be difficult to strategize how to recover from such a massive market shift and I don't want to be too hasty.