DALLAS -- The stock market roller coaster ride was certainly felt in Dallas Monday.
“Not a great day,” said investor Gary Fowler. “I think I'm about two or three percent lower.”
Even though it may be tempting, financial experts know freaking out is not the appropriate reaction.
“Certainly panicking in the market never makes sense,” said Tom Caufield, owner of the Online Trading Academy: Dallas.
Caufield teaches investment straggles, like how to make money when everyone else is losing it.
“For every buyer, there is a seller. And when the market is going down, individual investors do have the opportunity to make money if they get educated and know what they are doing,” he explained.
But for those who aren’t as aggressive, doing nothing can be the safest plan of action.
“I rode out the last storm, I'll ride out this one too,” Fowler said. “The market has highs and lows. Don't sell in a panic.”
So, even when things get crazy, the best move is as the British say, “Keep calm and carry on.”