4 Ways to Resist Emotional Trading During This Recession
"A mad player is a bad player." That's what sports commentators say when an athlete's emotions go haywire mid-game and negatively affect performance. The same thing can happen to investors of any experience level. High-running emotions cloud your judgment and short-circuit your normal, logical decision-making process.
Unfortunately, turbulent markets fuel those emotions. And after a 10-year bull run, 2020 has been a lesson in turbulence. First, the S&P 500 dropped 30%. Then, we've had a rocky climb back to recoup much of those losses. If only that were the end of the story, right? Unfortunately, the economic effects of the coronavirus pandemic are still playing out, and there's the chance of a second Great Lockdown if COVID-19 cases spike again.
To make sure you're ready for whatever market conditions lie ahead, it's time to tune up your emotional resilience. Here are four strategies that'll help you do just that.
Source Fool.com
