Everyone says they will "Buy the dip" if the market falls.
But do you know what it feels like to actually buy during a "meltdown"?
- Your portfolio is red. - The news says the world is ending. - Fear consumes you every second. - You second guess everything.
Most people do the exact opposite of that they should do... They sell on the bottom.
Happens every cycle.
Smart investors will: - Buy their shares while they are on sale. - Buy calls when nobody wants them. - Sell puts when the herd is paying top dollar for them.
Then what? Sit & wait... If you bought great companies at good prices, things will rebound with time.
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Everyone says they will "Buy the dip" if the market falls.
But do you know what it feels like to actually buy during a "meltdown"?
- Your portfolio is red.
- The news says the world is ending.
- Fear consumes you every second.
- You second guess everything.
Most people do the exact opposite of that they should do... They sell on the bottom.
Happens every cycle.
Smart investors will:
- Buy their shares while they are on sale.
- Buy calls when nobody wants them.
- Sell puts when the herd is paying top dollar for them.
Then what?
Sit & wait...
If you bought great companies at good prices, things will rebound with time.