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RE: Did You Panic Sell or HODL During The Recent Market Correction?

in #investing7 years ago

I don't understand why noobies insist on jumping in or out, all or nothing. Beginner strategy seems simple and worked great for me: start off slow until you get used to everything, and don't take anything out. Just plan on holding. If someday you're up 10x then take a little out, but your strategy shouldn't be day trading or any short term time horizon when you're just starting out. Expect that you're not gonna pick a bottom and you may be below your starting point for a few months but it'll all work out if you're patient!!