Quote from: AmoreJaz on September 13, 2022, 10:13:39 PM

Quote from: blockman on September 13, 2022, 09:54:58 PM

Quote from: Hamza2424 on September 12, 2022, 05:12:05 PM

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).

FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

i guess, that's a normal reaction of any investor in this market. but the difference is how each one of us decide on how to manage our portfolio. panic selling is common especially if there is terrible news going around. but if you are long enough in this market, you should know by now how to handle the situation to avoid huge losses. and this is when your belief in this market is being tested.

This is where experience and practice are needed so that we can control our emotions to stay calm and be able to carry out the strategies that we have previously planned. For novice investors, panic may occur when FOMO or FUD is a normal occurrence, so self-control is needed by continuing to practice it. Moreover, waiting for a bullish market cannot be predicted by everyone, it could take longer than our analysis. Therefore, you have to prepare mentally from the start