When the market crashes and the old hands get more and more scared, they always want to cut losses and run or buy the dip to turn things around. The more they mess around, the more they lose. In the end, they might sell at a loss or get caught at the top. During these times, holding firm without acting (which involves a high element of gambling) and pretending to be dead or lying flat might actually give you a chance to turn things around. True experts are perhaps more like Zen investors who hold coins patiently; they can withstand swings much better than those who go all-in. Sometimes, staying still like a mountain is the key to big gains. But not everyone can handle such pressure. It’s still important to find a trading style that suits you.
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When the market crashes and the old hands get more and more scared, they always want to cut losses and run or buy the dip to turn things around. The more they mess around, the more they lose. In the end, they might sell at a loss or get caught at the top. During these times, holding firm without acting (which involves a high element of gambling) and pretending to be dead or lying flat might actually give you a chance to turn things around. True experts are perhaps more like Zen investors who hold coins patiently; they can withstand swings much better than those who go all-in. Sometimes, staying still like a mountain is the key to big gains. But not everyone can handle such pressure. It’s still important to find a trading style that suits you.