Author: Chris Mayer, Chris Mayer's Focus

In short, in general, you want to own fewer stocks in which you have great conviction.

You have to sit on your stocks and give them time. Don’t look at stock quotes every day. Don’t fret when they don’t go anywhere. Focus on the business. If the business is good, time is on your side. Hang on.

If you’re doing the right things, you have no reason to fear volatility, or even a bear market. Just sit tight and stick to your plan.

Now is a great time to be a stock picker.

If you follow these three key points, you’ll get through better than most everyone else.