Most people trading this kind of volatility fall into two camps:

1) They think they’re smarter than the rest - trying to outwit the crowd by buying fear, playing the contrarian.

2) They haven’t performed well recently and see this as their shot to catch up - maxing leverage and exposure, hoping to milk the moment.

Very few are trading with real edge here. Most are just playing hero ball in a high-variance market, hoping to come out looking smart.

Make sure to think carefully are you actually trading with edge, or just convincing yourself you are?