You're right when you say biggest mistake people make is trading on emotions.
Gotta have a long-term game-plan / goal in mind and stick to it. Corrections are going to happen, need to learn to ride them out.
Did You Panic Sell or HODL During The Recent Market Correction?
You're right when you say biggest mistake people make is trading on emotions.
Gotta have a long-term game-plan / goal in mind and stick to it. Corrections are going to happen, need to learn to ride them out.
Yep. The only way you actually lose money during a crash is if you sell and lock in at that price. There's no reason to believe things won't recover at this point. Usually things will be flat for a bit before a real crash. People have to lose their optimism that there will be at recovery. Right now people are still too bullish so there are a lot of people willing to buy in at the bottom of a correction. As long as that's true, corrections will bounce back.
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