Everyone is feeling the pain of the market's dramatic decline right now, but how you manage the situation can ultimately make a difference. These five steps can help you get your footing back: 1. Breathe. I'm not kidding. Take several, slow, deep breaths. This relaxation technique works by slowing your heart rate and your racing mind. 2. Take control. Separate things you can control from those you can't. Bank of America (NYSE: . The Dow drops 7% in a day. You have no control over these things, and there's no point in remaining fixated on the event. Once they've happened, the only productive use of your mental energy is to assess them in the context of the long-term health of your portfolio, and decide whether or not you want to make any adjustments. That's your sphere of control. 3. Always come back to the business. Nearly...
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