My main tools:
1. well diversified portfolio in non-correlated asset classes/across currencies. This should reduce the blows my portfolio will get overall.
2. mechanical re-balancing. This should also take the emotions out of buying and selling - I am still setting the rules for this - but believe a 10% drop/gain in single asset class could be the kicker - combined with a yearly re-balancing(not sure needed though). I have found this to have a VERY calming effect on me in bad times. I see my 10 asset classes as 10 cups that have to remain evenly full. Takes away a LOT of emotion here.
3. dividend/interest income stream. With a dividend/interest stream of about 3% after (foreign withholding 15%) taxes I could live of that alone - and still be safely in the middle of my needed W/R range (see pt. 4)
4. flexible spending budget (2-5% W/R)
5. seperate "playing" money.

You guys/girls have had any thoughts on this issue? Cheers!
PS.This is cross posted at http://www.raddr-pages.com/forums/index.php boards too - as would like input from all.