Sure, if you invest during a bull market that will give you profits. But bear markets are where the real money is made.

We all know the saying "be fearful when others are greedy, and greedy when others are fearful". It is cliché, but the saying really does hold a kernel of truth.

Contrarian investing is a strategy of going against prevailing market trends or sentiment. The idea is that markets are subject to herding behavior augmented by fear and greed, making markets periodically over- and under-priced.

Historically, market panics can be a great chance for low-priced investments. Being a contrarian can be rewarding, but it is often a risky strategy that may take a long period of time to pay off.

It’s easy to make money (and be a genius) in a bullmarket, because everything is going up. But will you get rich in a bullmarket by only investing in a bullmarket? Probably not.

We may have not seen the end of this bear. Heck, this could only be the beginning. Nobody knows. These red candles should not concern you if you’re in it for the long term.

If you are worried by these red candles: stop checking charts every day. I hope you didn’t invest what you could not afford to lose. DCA’ing and a long term vision really helped me through bear markets.