Points to remember.

Here's a few points to remember on days like today when the markets are crashing hard:

1. New lows make newer lows - fear has a grip on a lot of the market participants. The dummies who averaged down from last week are getting their accounts brutalized. And their emotional state is in one of questioning why they didn't take profits instead. You can capitalize on that force driving the market when you trade from a detached emotional view. It's much easier to make money by going short instead or trade the inverse ETFs .

2. It's time to trade larger size- push the volumes you normally trade because the momentum is telling you it's definitely on the short side.

3. Focus on only a couple of plays at the same time, don't spread yourself and your focus amongst too many stocks. You want to be able to react and take profits and not be befuddled by having to make too many decisions.

4. Nothing lasts forever. Take profits when they are offered up to you after a good run or candle. There will be bounces and pullbacks and you want to take advantages of those as well. Trade well. Follow your plan.

Days like these are what we are here for. It's why we practice and do the visualizations, fine tune the trading plans and concentration exercises. Grab the opportunity with both hands.