Does riding the stock market roller coaster look scary?
Team Veye | 19-Jun-2022
When the markets are turning scary, is every player getting afraid?
Only some, because while good Investors wait for bull market, great Investors wait for bear market.
Trust me this correction has the power to make you rich. Just be ready to grab the opportunity
Firstly, it's important to remember bear markets can be terrifying, annoying and stressful. But the best part is they don't last forever & they provide us with opportunities that can be life changing, if properly taken advantage of.
Secondly, never sell in panic. Because you may need to buy these at higher price later. Two Years from now you may be able to enjoy very good profits. Selling near Panic as shown below can ruin your wealth creation dream
During bear markets, the one thing you should not do is completely take your eyes off the market and be unprepared. Things can change in a hurry and when the next bull arrives, the best opportunities usually come within the beginning stages of a new bull market.
Remember that the big money is in the big swing, owning some fresh leaders during the next uptrend. That is really where most of your focus should be and, when looking back in a few years, will be the biggest factor in your results.
Study History; As Jesse Livermore stated "...Wall Street never changes, because human nature never changes." Study previous bear markets and how they bottomed. Study previous market winners. Study so you have reference when things repeat and can act with confidence
Markets have always made new ATHs This too shall pass and markets will climb further but that needs a lot of patience and experience to hold tight and add more in corrections.
One looked extremely foolish "buying the dip" in 2008 and 2020. But, people (at least some) who did that ultimately created generational wealth.
Same can happen in 2022.
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