Lynott April 6, Whatever the reason, when the stock market goes into a serious correction and prices fall, many investors tend to panic.

The result for those investors some experts say most investors is the costly mistake of selling low and buying high. That, of course, is the precise opposite of the path followed by the most successful investors, who buy low and sell high.

Being out of the market, even for a short time, can result in the loss of considerable wealth-building profits. So what should you do during a market correction?

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Many financial professionals recommend holding tight and doing nothing. Such setbacks, while unnerving, are inevitable. McNabb points out that no action is actually an active decision, and can be the right decision for reaching your long-term financial goals.

And McNabb is not alone in his feelings. This repetitive cycle results in a process of locking in big losses and missing out on big gains.

Stock & Options Trading

Not every investor will have the stomach to buy more stocks when prices are falling, even though history tells us that Buffet is correct in his belief. For those of us who find that even a do-nothing approach can be unnerving when stocks are taking a nose dive, here are some things you can do to help settle your nerves:. The history of equity investing is peppered with major and minor corrections.

When emotions dominate your decision-making process, good judgment often suffers. Successful investors have learned to make a special effort to prevent emotions from unduly influencing investment decisions, particularly sell decisions.

Continue to invest on a regular and planned basis regardless of fluctuations in market prices. The more you invest when market prices are down, the more you will benefit when prices rebound. While there is no guaranteed formula for optimum success in managing your investment portfolio during market downturns, the evidence strongly suggests that the best plan of action for most investors is a plan of inaction.

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How to survive a stock market correction William J. Lynott April 6, Why do so many of us do it? SUBSCRIBE TO THE MAGAZINE Get Chiropractic Economics magazine delivered to your home or office. Latest Chiropractic News ChiroTouch launches latest software update with improved reporting features and enhancements Palmer Homecoming features keynote speakers Tom Rath, Alan Sokoloff and Shilo Harris Chronic pain common in adults With depression, anxiety.