Investing Made Simple by Uncle8888 (14)

Read? Investing Made Simple by Uncle8888 (13)

Read? Stock Market Is War - Part 4 (Re-visit)

"Bull markets are born on pessimism, grow on skepticism, mature  on optimism, and die on euphoria. The time of maximum pessimism is the the best time to buy, and the time of maximum optimism is the best time to sell." - Sir John Templeton

Uncle8888 believe most retail investors know that "Crisis = Good opportunity to do bargain hunting"; but few of them are mentally prepared to take advantage of the good opportunities presented to them when it really happens.

Advance Planning

One way is to anticipate it and do advance planning to mentally prepare our mind to look forward to such scenario and more importantly to overcome fear and to take advantage of the good buying opportunities when it really happens.

How many retail investors are doing advance planning in the stock market when they see heavy dark clouds coming? To a fisherman, heavy dark clouds mean heavy rain is coming and it is time to start packing up and covering up to avoid getting wet. It doesn't really matter whether will it rain or not.

Advance planning is to take deliberate actions to prepare for it and it is not the same as passive waiting for it to happen. Know their difference!