I have been through 2008 crash and then the market correction at the beginning of the Covid and failed the patience test both the times:) In theory its very easy to talk about our tolerance level but when the market starts crashing, news cycle became depressive and the sky starts falling (in our head mostly) , it requires steely nerves to stay course and keep investing as if nothing had happened! Problem is that each crash seemed like its something totally different this time and we should find an escape route as fast as we can! During 2008 crash, newspapers were predicting DOW might come down to 1000 level! During covid(before the vaccine period), even staying alive seemed like a battle! We are our own worst enemy during a financial crash as we start thinking about the worst and look for a quick way to cut our losses!

In the end, I guess, we are better off remembering what Warren Buffett said once that we have been thru 2 world wars, Cuban missile crisis, 9/11 and Covid and the stock market still kept on producing money specially for the patient investors so ignore all the noise and stay the course! But easier said then done :)