It is painful to see the stock prices fall if one have money invested. It will never be pain free to see money disappear.

Some people try to fool themselves and only look at the cost price of the stocks they have bought and try the best they can to avoid seeing how much money they have lost. The market price is at anytime the right price and it says how much money you now have. One should take responsibility for the losses and be honest to oneself.

Turn off the ticker machine
But looking to much on the stock price can be painful; people don’t like to be in pain. If falling prices gives you more pain there is a bigger chance you will sell out. The only clue is to not look to much on the movement of the price. Warren Buffet says he has abstracted himself away from all ticker machines and stock quotes. In some way not knowing is helping, but it can be difficult today when every news broadcast has stock reports and tickers on the corner.

In the end it is the price when you sell that counts, and the price right now do not matter unless one are trying to sell right now.