Mooers' insights: How to avoid panic selling?
Hey mooers,
Welcome back to Mooers' insights, where we share knowledge and thoughts.
Last week, Weekly Buzz discussed "How to aviod panic selling?". Let's see what mooers talk about!
Source: Giphy
"keep calm and carry on"
@HopeAlways
While it may seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames, it typically pays to wait it out.
The only way to avoid panic selling is to truly know what you are holding and what the company is worth.
@lastnite24
You have to look at how much product your company produces and at what product percentage. From there you compare the stock to its competitors. If you knew that to begin with and it's favorable, then by all means dollar cost average down.
Buy No Fear. Fear No Buy.
@Syuee
If we have spent sufficient time researching and buying concrete stocks with good fundamentals and a good story, then we should not have to panic when the stock price plummets.
To stay positive when the market turns negative is an important challenge for us to cultivate in our investment journey.
@HuatEver
A better option is to consider different ways to control our fears and shrewdly analyse the situation before we jump to hasty conclusions and, thus, make errors in our decisions.
Investors should create an investment plan that they can adhere to and refer back to when emotions get the better of them.
@KT88
If you invest money that you don't need that month or in the months to follow, small price changes will carry less emotional weight and have a higher chance of achieving long term benefits.
"The big profits go to the intelligent, careful and patient investor"
@ZnWC
You need to manage you fear by:
1. Prepare enough emergency fund.
2. Do your own due diligence to avoid buying a falling knife stock.
3. Set an exit plan based on your investment goal and follow it strictly.
4. Be critical of what you read or hear
You can control your emotions and prevent panic selling.
@bullrider_21
It is good to learn technical analysis so that you can identify support and resistance levels for buying and selling. Set your selling price at a reasonable level that is reachable. Cut losses if the price falls 10% below your buying price in case something goes wrong.
Thanks for sharing in-depth ideas! Hope these ideas will help you learn more about investment and better navigate the market!
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sTone83 : I was right recently $Apple (AAPL.US)$ $Taiwan Semiconductor (TSM.US)$ $Alphabet-C (GOOG.US)$ $StoneCo (STNE.US)$ I've been doing my homework for a while, and I hope to give you some feedback
francigo : buy stock within ur means. as long u have sufficient cash, stock market always a GD investment. is gd to own shares be the share holder of a gd Co.
Always Hungryy : first ever trade was panic sell. then after that never did it again.
Audiwin :