As an investor, we should strive to be better than ourselves.

This Coronavirus situation gave me an opportunity to relook at steps to take during market correction.
I had written 2 evergreen post in 2018 (post 1, post 2) where wrote about the situations and the possible actions to take during market correction. 
Nevertheless, the current situation allowed me to take a closer look at the steps. 
Basically, I have further broken down into a 4 step process: SELL, FOCUS, CONCENTRATE, PHASES.
This 4 steps basically meant that:
We should SELL our weak companies to increase our cash holdings. Then we should only FOCUS on companies in our portfolio and not our watchlist, unless those are more attractive (meaning margin of safety exceeded those companies on your portfolio). The idea is to reduce the number of holdings in your portfolio and increase your cash pile in order to CONCENTRATE on purchasing those companies in your portfolio...