Stock market investing is not that hard. You need to stay calm, rely on your experience, and have a system in place to manage changing stock market investments.
There are much more difficult jobs. Brain surgery comes to mind. I would bet you that a brain surgeon would say that the job is also easy if you have the training, experience, and system in place.
A rocket scientist would say the same thing. So would the people who are looking for Malaysia Airlines flight 370 in some of the deepest oceans in the world.
There are only five mechanical things that an individual investor needs to do.
- Protect your gains.
- Cut Your Losses
- Manage Your Risk
- Use Stop Losses
- Stick to These First Four Points
Stay calm, have a plan, and follow the plan. This is not the first stock market correction that you have lived through. And it will not be the last.
Ric Lager
Lager & Company, Inc.
