You have to look at what the broader market did last quarter. If the market did 20% and you did 7... then you may not be in good shape. You also have to look at the total BETA of your holdings and the risk you`re taking to get the 7% relative to the broader market.
If you`re well diversified you should`nt really care what the rest of the market is doing really. If you have several mutual funds, I would guess that you are diversified (without looking at them)
I`m alright. I trade for a quick few bucks here and there but I gambled on One stock and it tanked so I`m holding on to it for a while. Maybe until I`m Wodin`s age at this point.