Don’t hit the panic button!

Image courtesy of Stuart Miles from freedigitalphotos.net

Image courtesy of Stuart Miles from freedigitalphotos.net

The stock market goes up and down.  You can bet on it.  Kind of.  When you have made a trading plan that takes into account your risk tolerance, stick with it.

It can become difficult when the market is not going in the direction that benefits you but a well constructed trading plan should be carried out.  Trust your instincts from when you were in the planning stage, not the emotional state the market can put you in.

For an additional article on the importance of following your plan, click here for Don’t Lose The Trade Before You Enter It.

Please share your experience when you stayed with your trading plan when you began to panic.

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