Real life trades
When the market goes south, I "go away". I curb my emotions by largely ignoring what's happening, just checking in once a week or so in case one of my stocks is rapidly tanking (obviously I'm a buy-and-hold guy, not a trader). It's just too easy to make a bad emotional play when things go down. I make fewer mistakes when I do too little than when I do too much.
But now I'm looking again. It looks like most stocks are priced for their short-term, rather than long-term value, though I'd wait until August or so to be fully invested. Here's what I've been finding and doing in real life:
I sold the rest of my Garmin, having sold half of it at its top last fall. Moat issues.
Big mistake buying KHD near its top last October ($41!), I think I'll double my holdings now that it's on sale.
Buy Apple before their upcoming earnings report!
I put LUK on my watch list last spring and it soared before I could buy it. I just bought it last week. I also just re-invested in Vanguard's REIT fund after selling it near the peak 14 months ago (and even though I expect housing prices to drop another 10%).
My favorite stocks on my watch list: MTW, BUCY, FCX.
I like WFR long term as a solar play, but not at the moment. August? Summer or fall should also be a good time to pile up the financial stocks too, though they could begin to soar (or they could continue to collapse) before then.
2nd tier: NVDA, GFA, GOOG
3rd tier: See my Caps list.
Wild card (fund): CGMFX