Prepare for the Next Stock Market Correction with This 1-Minute Guide

Many investors panicked over the August 2015 stock market correction. In the four days from Aug. 18-21, the Dow Jones Industrial Average plunged 1,300 points. Then on Aug. 24 – "Black Monday" – the DJIA opened 1,000 points lower.

Investors didn't know whether to join the selling spree or ride out the market dip.

Having a plan already in place to weather market volatility will soothe the mind and protect the wealth.

In the following video, Money Morning Capital Wave Strategist Shah Gilani explains exactly how investors can get ahead of the next stock market correction:

Watch Out for the Bear: There have been many stock market corrections throughout history – some worse than others. But all of them have been products of stock market cycles. Take a look at 10 of the worst S&P 500 pullbacks of all time…