10 Rules for Surviving This Bear Market

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Bear-Market Rule #6: Your stop-losses are YOUR stop-losses

The pain of being down 8% in a bull market is no different than being down 8% in a bear market. If your risk tolerance requires you stopping out at 8%, then be consistent in any market you trade.

It takes greater emotional balance to trade a bear than a bull. So, always manage your risk -- just remember that, in the markets, your money is always at risk.

Great traders manage emotions and risk. Only you know your risk tolerance, and it's you who controls what happens between the keyboard and chair.