I came into August very skeptical and very liquid (in stock accounts).
— howardlindzon (@howardlindzon) August 5, 2015
Not liquid enough.
Panic has set in.
Do NOT feel bad. That won’t make or save you a nickel this week.
Do NOT turn on CNBC.
Do invest a little money this week.
The most ZEN investors I know are Phil Pearlman and Chicago Sean. Luckily both have built our Stocktwits community and Sean runs it on a day to day basis now. Phil and I talk on the phone when we sense market trouble and that was Wednesday. Luckily, we talked each other out of a few long trades (through selling premium). Tonight Sean nailed it when he said the following:
I walked through my Friday moves and watchlist from my last blog post. The gameplan does not change for me based on the panic tonight.
I spent all weekend chatting with the best investors I know on Stocktwits and I will not have to watch the news tomorrow. I will not have to watch TV. I do not need to read anything. I know the levels I will trade and the amounts. I will try and go slow because the markets will be fast.
I will share what I do in real time as I do it though on Stocktwits.