May 19, 2020
Current times might be
difficult, and the future may seem bleak, but we will make it
through. We will survive and thrive. Our past guests share more
advice to help us navigate the COVID-19 crisis.
Dan Gramza is the President
of Gramza Capital Management,
Inc. He is a trader,
consultant to domestic and international clients, an advisor to
hedge funds, a developer of ETF/ETC securities, and co-inventor of
two issued security patents. He has published works and has
appeared on numerous media outlets around the world.
cannot control the social and economic impact of the virus, but we
do have total control over how we react to these changes. Your
focus should be on your reaction to thrive.
- Appreciate the restrictions that have come with
this virus because they are causing hidden positive
global pandemic has created a common cause that has brought people
together locally and globally.
is an opportunity for us to do the things that we’ve wanted to do,
but we always put aside for various reasons.
you’re feeling depressed, and you can’t seem to shake it, it may be
time to seek professional help, or your spiritual leader or a good
friend to express how you’re feeling. Sometimes just talking about
it can put things into perspective.
- It is
also important to relax. Take a break once in a while to relax your
mind and body.
care, and stay well as we go through this unique time in our
David Keller, CMT, is the
President and Chief Strategist of StockCharts.com, where he helps investors minimize behavioral
biases through technical analysis. He is the author of the
blog, Market Misbehavior, and most recently served as a subject matter
expert for Behavioral Finance.
this period as a learning curve. Keep an accurate record of your
decisions and a good trading journal. This will help you to make
informed trading decisions in the future.
- Whatever platform you use, make sure you keep
notes of what you did and at what point so that you have a
beautiful historical record of your actions once this is all over
and we’re through this challenging bear market period.
will learn way more in this bear market phase than in a bull market
phase. So keep your eyes open.
Dustin Mathews is the co-founder
and Chief Education Officer of wealthfit.com, an online learning startup focused on
teaching all the stuff you never learned in school about money
investing and entrepreneurship. He’s also the host of the Get
Wealth Fit podcast where he’s had the chance to get inside the
heads of top investors and famous people like Rich Dad
Robert Kiyosaki, racing
legend Danica Patrick, Kevin Harrington from Shark Tank and many
is not the time to try and control the situation. With so much
chaos going on, sit back and take it all in. Don’t pressure
yourself to control an outcome or have an action plan.
the time to internalize; give yourself time and space to think.
It’s not always easy, but it helps.
to people that you respect that you trust and are part of your
inner circle, and then put together a loose action plan and be
fluid. Be willing to go to wherever this opportunity takes
Connect with Dan Gramza:
Connect with David Keller
Connect with Dustin Mathews
Andrew’s online programs
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