Every correction is a little different, and it depends on your...

Every correction is a little different, and it depends on your focus - trader or investor, etc.

INMHO, as an investor with a bias to holding, there are only three rules:
(1) buy quality stocks only,
(2) earnings are the best (if not the only) proxy for quality in a bumpy market, and
(3) don't use borrowed money.

I sold two largish positions in companies last week cold - INT on Thursday because it looked shaky anyway and EPG on Friday morning on the open. I still think that they are good companies (INT of course being highly speculative) but earnings will be at least a year or more out.

In the afternoon I nibbled on a small company that should be making good money within 6 months (QOL) and will probably nibble again next week if the opportunity/value is there, and the outlook remains supportive.

Admittedly I have a fairly long investment horizon, but if you buy well there is not too much to worry about.