lost a bit to a lot in this market

Following on from another thread for those that have lost a little bit to a lot in this market. What have u learnt , what strategies do u now have in place, ive taken a small hit but saw the train wreck coming and adjusted early and have more $$$$ now to buy on the rebound.

But anyone else out there leaving out any extreme woe is me type stuff what are youre thoughts where are we going, what should u be looking at buying holding or staying out of certain areas.