"Buy when there's blood in the streets" - have you heard the quote?
Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that “the time to buy is when there’s blood in the streets.”
He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon. But that’s not the whole story. The original quote is believed to be “Buy when there’s blood in the streets, even if the blood is your own.“
This is contrarian investing at its heart–the strongly held belief that the worse things seem in the market, the better the opportunities are for profit.
https://www.forbes.com/2009/02/23/contrarian-markets-boeing-personal-finance_investopedia.html_______________
I bring this up, because many people here seem to lack a lot of real world investment knowledge (which is ok). We're a community, and I hope that others will chime in with what they know, so that we can all benefit.
Some other basic things that experts always stress is to not let emotions get in the way, and most importantly, never invest more than you're willing to lose.