I think maybe part of people's problem with down days like these is the feeling that everyone else is making money while the value of your holdings drops. At times like this it's worth remembering that there's not one "magical" day-trader out there who somehow always manages to buy at the lowest point of every cycle and then always sell at the very top. It feels that way sometimes, but that's not the way it works. Sure someone's making money on this part of the ride, but odds are they'll lose most of it on the next one.

I have POET shares in both my and my wife's TFSAs and a few years ago I tried a little experiment. I traded the crap out of my account and just let hers sit untouched. I sold high(ish) sometimes and I think I might have actually got the lowest price shares around at one time ($0.21 in 2012). Despite that, my wife's (boring) account vastly outperformed mine over the next couple of years (at which point I learned my lesson and just held tight). Two things I learned from that experience:

1- I'm a terrible trader :)

2- It's really, really easy in hindsight to pick the perfect trades, but much, much harder in real life.

The day SH daytraders make so much money that they retire to the Carribean en masse, I'll worry about how much other people are making in these short swings. Until then I'm going to let the ride play out.