Indian equity benchmarks have entered a correction zone, dropping over 12% from their September peak. Mid- and small-cap stocks have taken the biggest hit, with their benchmark indices falling more than 22%. Most stocks have declined due to weak Q2 and Q3 earnings, estimate cuts, expensive valuations, and continuous foreign portfolio investor (FPI) selloffs. The rupee has been hitting record lows, and gold has been surging to record highs, adding to market uncertainty.At times like these, people start asking complex questions:Will the US 10-year yield rise further?Will the Fed cut rates?Will the dollar reach 95?Can gold go to 1.5 lakh?Then, there are questions like:Where will this bottom out?Can we go to 19,000 or 18,000?How much more will foreign institutional investors sell?What if systematic investment plans stop?No one pauses to think whether the person they are asking has any idea about the answers. They just need answers, that’s all—because they don’t know and are hoping someone else does.The market is just one big collection of people who, mostly, don’t know. But they follow or mimic others who “appear” to know.So, these questions don’t help. Then what will? Maybe we need to ask different questions:How much damage can my portfolio take before I can’t bear it anymore? (Only you can answer.)Am I holding my stocks simply because I can’t bear to sell them? (Only you can answer.)Why am I seeking answers to the end of this decline? To buy fresh? To average my current holdings? (Only you can answer.)If the market falls further, do I have a plan for what to do next? (Only you can answer.)There are many more such questions that only you can answer. Are you asking them? If not, why not?Perhaps you are afraid to ask them—because once you supply the answers, you must act on them. As long as you keep asking irrelevant questions, you won’t have to do anything. You will get irrelevant answers, and no one will compel you to act.Sitting around and doing nothing never made life better—except in a roaring bull market, when you have loaded up at cheap valuations.Start asking the right questions. Face up to the answers. Then do what needs to be done. You will see immediate improvements.CK Narayan is an expert in technical analysis, the founder of Growth Avenues, Chartadvise, and NeoTrader, and the chief investment officer of Plus Delta Portfolios.The views expressed here are those of the author and do not necessarily represent the views of NDTV Profit or its editorial team.. Read more on Opinion by NDTV Profit.