Was just thinking that, unless you're a short term trader (I rarely am...only when bored), then, if correctly positioned for a bear market, you should make money on down days and suffer some minor losses during corrections to the upside. Personally, I'm experiencing my first 2 down days in what seems like quite a while (mostly because of a poor decision to sell SPX 4300 call spreads a couple of days ago). The psychology aspect is often the hardest part of this job, so I thought I'd share how I'm personally dealing with this latest movement.

FWIW, I'm sitting on the edge of my seat waiting for the the 4400 JUN expiration calls to line up with approx 16 delta. I would feel very confident with selling that level. If the market did rally to touch 4400 (doubtful, but it could happen), the 1st defense would be a roll nearly to the 4600 level. That would be awesome,  although it would require taking some short term pain.
*I did make money on the long BPT system calls, but it's just an offset in this case as I only allocate about 20% to systems (I find it difficult to follow systems without an allocation system for the systems, but I'm working on that)