$NASDAQ Composite Index(.IXIC.US)

Days like today and months like July are exactly why you need to spend a lot of time researching the companies you own, rather than simply chasing market momentum or relying on what others think will happen.

I firmly believe that conviction is not built during sell-offs, because by then, fear, price action, and emotions have already taken the lead in decision-making. This is precisely why it is so important to make plans when the market is strong.

Making these decisions in advance means that when the market is bleeding, you won't be forced to formulate strategies while fear is at its peak. This allows you to distinguish between opportunities created by low prices and warnings of permanent impairment signaled by declines.