Bilis ng pangyayari no?
Just a few weeks ago, people were talking about new highs as the PSE broke above 7,400. Now?
Biglang ninenerbiyos na mga tao kasi the index just went below 7,000.
From 7,500 or higher, biglang 6,500 or lower naman usapan ngayon. Kakahilo di ba? Lol.
Well, this is where your investment strategy will truly be tested.
First of all, do NOT dwell on what you COULD have or SHOULD have done. Tapos na yun. Focus instead on what you WILL be doing in the coming days. Kung tamaan ang cut-loss point mo — SELL.
At this point, HOPE is a cigarette, not a strategy.
Kung tamaan naman ang target buying price mo — BUY. If you TRULY believe in your analysis / mentor then put it into motion. Mahirap kasi pag sasabihin nating “I will buy at 7,000.” tapos pag nasa 7,000 magiging “I will buy at 6,800″. Pagdating naman ng 6,800; biglang “I will buy at 6,500″. Pag hindi naman umabot ng 6,500 magiging “Sayang, hindi ako nakabili. Hindi kasi umabot sa target ko eh.”
As you can see from the DOW, an entire year’s worth of gains can very easily be wiped out in a few days and the PSE is NOT immune to that.
So as we brace for a very trying week in the market, be sure you have your entry and exit points clearly marked and that you have the DISCIPLINE to implement them.
Good luck everyone.