It’s a classic mistake. The stock market’s chugging along and then suddenly drops. You panic. You sell. Then the market rallies.
Now you’re faced with a dilemma. Not only did you lose money selling shares that had dropped in value since you’d bought them, but getting back into the stock market while it’s climbing will end up costing you more. Still, you don’t want to miss out on more gains.
Sound familiar? If so, you’ve got a lot of company.