Update: Buy More Time or Cut My Losses?

I made a blog about my port last February, here. I promised to give an update regarding my chosen strategy. Uhm, Where do I start? Let me make it direct to the point.

Remember that stock with a shy 11.38% loss? Guess what?

And that with whooping 69.60%?

And me?

NooOOOoo!!!

Let’s take time to digest that.

Oh, well. As I said with my previous blog, “However, the stock with the 11.38% loss was sitting in it’s long time support and the prices are stabilizing. If that support is broken, I will cut immediately.“

And So I did!

And I just sold the other one a few days ago because damn, its hard to sell through the odd lot.

I can’t be so proud of myself, sticking to my plans.

Though I must admit, it still cut me open. But hell yeah, whatever.

I don’t want to end this blog with a bad vibe so the last stock with a 48.45% loss? It went down up to 60%. Yes, you heard me right! I cut half of it when it recovered a bit and used the money to buy it back due to the Covid19 pandemic. This may not be a good move, definitely not recommended, but I was able to gain and sold all of it after.

I was not able to have a screenshot of it but here’s my ledger as of today, April 26, 2020:

I am still trading at a loss but with a few improvement I feel abit confirdent with my recent trades. I am still learning on how to control my emotions since learning virtual and real port is totally different when it comes to trading. I may just be lucky when the stock market did not fail my bias. I am being a contrarian to everything that has something to do with the stock market in order not to hope and be biased in the end.

So, I guess, it was not a bad update after all.

 

 

 

 

 

 

 

P.S.

Thank you, Miss Gandakoh for all your free learning!

If you want to learn about trading the Philippine Stock Market for free, join our facebook group, Traders Lounge. The group is totally free forever. Yes, forever. We do not recommend any reco, hype, bashing or scams.