I think Raunakji is trying to say that this is the time to keep an eye on building protfolio.
Weekly and Daily charts could still be bearish and still in a SHORT mode but thats as far as trading is concerned.
Crashes like this give us an oppurtunity to get into good stocks at a good price for long term. Say you want to invest for your child's college education. Keep an eye on some fundamentally good stocks and invest in equity/cash trade and more or less forget about it. No M2M headaches.
Hi spacenoxx
Sorry to correct you clearly in one point you posted, as I agree with most of the other points :
Your advice : ""and more or less forget about it. No M2M headaches"" is not really a clever and good advice.
Even if you have any stock in your longtime portfolio, it is a must to check this shares from time to time. Once in one or two weeks is a must do ! If you are the owner of a company, you would have a manager there which has your full trust, would you just leave this company and may say hello once in a year because you forgot about it and you lazy about M2M ?
Your portfolio is your company !!
It is even advisable to have a stop loss on those long term stocks. In todays time, even big companies can get in trouble and can lose a lot in certain days. Having also a stop loss on this shares, will protect you better.
DanPickUp