Some learnings from past few months:

1) Handling bear markets finally boils down to psychology
2) Having a pre-defined what if things go wrong plan (when to invest + how much to invest + where to invest) creates the much needed 'feeling of control'

3) Having some debt allocation which can be moved to equities partially at lower levels - can help you change your frame of reference - you are suddenly waiting for the markets to fall to your pre determined levels
4) This is illogical as your remaining amount is down but works!

5) Inherent conviction on entrepreneurship (read as equities) to create long term wealth is a must
6) As things get bad and after each fall, the lure to predict exponentially increases - you utter the most dangerous words "the markets will fall further let me wait for clarity"

7) Keep reminding yourself that no one knows
8) Pessimism will sound more intellectual and convincing
9) Experts + Confidence + Extrapolation of current scenario --> might lead you to forget that 'no one knows'

10) Your salary and job might be at risk. This needs to be a part of what if things go wrong plan
11) Keep emergency savings to cover 12 month spending
12) 5 year goals in debt/FD

13) Markets will always move ahead of the real economy - so a disconnect with economy is a given during recovery
14) Initial bear market recovery is usually very sharp in magnitude and extremely fast

15) Bear markets have several false rallies - this makes it even more difficult to figure out if the current one is for real or a false one
16) Even the recovery has a lot of false declines
17) Best to focus on valuations - better to use a combination rather than a single one

18) Extrapolation of current scenario will not factor human ingenuity, govt+central bank response - never underestimate them.
19) My bear market approach: 'I dont know what will happen but I have a plan for different outcomes'