I remember reading a book where the author recalled some moments when he was first on the futures trading floor, other seasoned traders around him shouted at him at times of volatile markets: HEY KID! Trade or fade? TRADE OR FADE????? The ability to stay collected and evaluate the situation, and think on your feet in volatile situations... very hard to attain. Started at around 2:42pm EDT... I had been watching AAPL and the S&P futures. My gosh... S&P from -40 to -50... to -60... -70... -80... -90... Should I buy some? Should I buy some??? S&P futures -100! Around 1057! AAPL dropped $40 from 243 to 203 in less than 5 minutes! I thought "My gosh... the world has come to an end!". Not willing to take big risks... People are irrational... But... I gotta just try it. Buy 1000 shares AAPL at 201.00. See what happens. Filled - the moment I entered my order. Okay. Try this... Sell 1000 shares of AAPL at 205.00 (4 dollars higher)... FILLED! RIGHT the moment I entered my order! Scalped AAPL for $4.00 in 9 seconds. I never had a trade like this... until today. But imagine those who bought from 235 all the way down to 200... Well... the pain didn't last long... in another 5 minutes, S&P went from -100 back to -60, -50 or so. AAPL back to above 240. Where do you find a book teaching you how to handle moment like *THIS*? P.S.: Not sure if Nasdaq would bust my trade. AAPL did not fall over 60%. I hope I can keep it.