Don’t panic.

[Tape Reader]

When I was a kid a mentor told me: If you intend to trade successfully short term, the worst advice one can give you is “don’t panic.” Treat every top and every bottom as major!

[_______]

When I was a kid a mentor told me: If you intend to trade successfully short term, the worst advice one can give you is “don’t panic.” Treat every top and every bottom as major!



And the counterpoint for long term investors would be, "don't just do something, stand there".

[RaceBookJoe]

The 2 main reasons most people panic are :
1. They have positions with no stops
2. Their financial advisors either ;
a. don't use stops
b. have no clue how to make money as markets fall or both a,b