From their respective life-time high:
Sensex : -8.95%
Nifty : -10.53%
Nifty Smallcap 100 : -54.30%
Nifty Midcap 100 : -29.67%
Nifty 500 : -11.88%
"Bull market makes TRADER
Bear market makes INVESTOR."
You should not be either!
If your sentiment, belief and conviction changes on the basis of price/nav fluctuation, trust me you are not an investor. Market will throw you out with a trader's mentality.
Situation like this, which is painful for traders is an opportunity for long-term investors. I urge you to keep your mutual fund investment for wealth creation instead of booking profits at regular time interval.
And, never ever catch or average out falling knifes when you are investing in stocks. BUY quality. HOLD quality. ACHIEVE financial freedom.
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