1. Avoid panic selling.
2. If you have cash, buy in multiple tranches.
3. If you’re out of cash, just hold on. Avoid checking portfolio frequently.
4. There’s very less you can do. Both ways. When markets are up & down. You either enjoy or suffer. Try to be equanimous to balance out extreme emotions.
5. When tensed, play. Yes, play. Playing cricket, volleyball, badminton, etc, etc soothes you. Engage in physical activities. Seems a silly thing to do but works superbly. Ever wondered why the US president plays golf or Putin taking ice bath or participating in Judo? Also, ever wondered why kids are naturally in a happy – carefree state. Thanks to playing.
6. Think long term. Corrections are part & parcel of investing. Stay in the game. Those who stay in, win.
7. Meditate. Reduce watching the news. Read. Watch movies. Talk to friends and family. Travel. Do anything you like doing.
These things sound too simple & basic but have always helped me and various other veteran investors in riding extreme volatilies.
Stay strong.
