Panic buying and panic selling are some of the most common traps traders fall into. To be a successful trader, you first need to control your emotions. However, you’re not all alone in your fight and there are some measures in place, like circuit breakers, to prevent you from panic selling your precious S&P 500 company stock.
Every trader/investor would like to brag about how they have bought an asset cheap and sold expensive. However, everyone that has achieved real success in investing knows that it’s a useless game to catch the bottoms or tops in a market. In this article, we examine one of the methods real pros use: Dollar-Cost-Averaging.