<prompt> Human: I am being patient with my investments and havent moved any money yet. Initially, I had a pretty good gain and Ive only had my IRA open for a few months. But now I am down about 6 since the market has been taking a hit the last several weeks. When should I be concerned with my losses? What can I do to minimize substantial loss? I am not sure if the market is in correction or if this is a sign of worse to come. Im mainly looking for the thoughts of others, feedback and maybe some good examples of patience paying off in the long run.  <response>: Patience means letting your money sit for a few decades, not a few months. Patience is the way to go. 