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RE: Times like this are the BEST to Earn as Much STEEM as Possible!

in #steemit7 years ago

Great analysis! Agreed that the worst thing any investor can do is to panic and sell off. It's important that you stick with your investment thesis unless there's something new that has happened which would explain a trend (as opposed to just a panic sell off driving the market)

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Thank you @bigtex31! With proper position sizing, one should never have the urge to panic sell and capitulate. When you put all your eggs in one basket, that's when emotion creeps in and takes over, resulting in irrational decisions such as selling low in this case. Eliminating emotion from trading is a work in progress for me...