“Fast Money” dealer Tim Seymour would like to help investors avoid joint cash traps that could suspend losses, especially in a volatile market.
He is with a selection list with four tips to be calmed down when things go south.
Tip No. 1: Do you have no more money on the market than you can stomach.
Regardless of whether it is Margin calls or losing money to lose money that you cannot afford to lose, bad decisions are often made during despair.
Tip No. 2: I do not hope that you will return to Breakeven.
If you only have a long position because you don't want to lose money for the trade, you risk losing more.
Conclusion: If you have a share based on earnings, do not have hope.
Tip No. 3: Do not assume that yesterday's investment designation will work tomorrow.
Ask yourself: “Has something changed in the basic case or is it a case of market volatility?” If something has changed, make adjustments.
Tip No. 4: Do not cut your flowers and keep your weeds.
The companies often exceed the highest quality in a down market. Bad position? Circling back to No. 2.
To get more personalized investment strategies, visit us on Thursday, June 5th on Nasdaq on Times Square for our next “Fast Money” -Live event.
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