What has worked really badly is thinking I'm smart and picking great stock investments and trading them. That made me broke during the dot com crashI think you can do reasonably well investing in quality stocks. But you do have to know when to sell. Most pros suggest when you are down 10 to 15% you should seriously consider selling. Admit you made a mistake. Wait for better times.Even in the dot com era you did not get hurt too badly if you maintained diversification. Those who put everything into over valued speculative stocks got hurt. But many quality issues recovered fairly quickly.Every "correction" is different. Know your limitations. And know when conditions are unfavorable and get out.
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