To stay calm and not to panicsell you must believe in your investment. You can’t shop around just because it’s going up at that time. Even recommendations from close friends may not work for you the way it works for them. Usually before I invest in anything I put it on my watchlist and get to know it. Once I’m comfortable to invest my money in it, I buy just a small portion in the beginning. This allows me to add to my position if it goes down. This works perfectly for me, because so far I’m still holding and even buying more. However, it may not work for someone else. And most importantly, don’t invest your money unless you don’t have to touch it for the next decade. After that, I’ll you have to do is to be patient.
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