A sense of panic has taken hold of the market this week.
On Monday, we saw algorithms drive the market lower; most of the downdraft was computers and deleveraging. That's why the move felt so aggressive and so quick.
Tuesday followed with the human trader reaction, as more fear creeped in around the edges. The likelihood of a major coronavirus outbreak in the United States is increasing, and as such, related panic selling will not cease anytime soon.
The only question now is how bad the disruption will be, but one thing I can assure you of is that panic selling in moments like this has proven time and again to be the wrong strategy.
You have to remember how the game is played, no matter the severity of the event impacting markets, and that has been and always will be buy low and sell high.
Right now, we're getting our "buy low" moment: a chance to continue to outperform the market over time.
Everyone will debate on when to get in, but it's nearly impossible to time it perfectly. Instead, you should think about how to get in.
That mentality is the key to profits...So here's exactly what to do...