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Cut losses – The Truth, The Pain, and The Chance! (2)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  August 13, 2011
Read? Cut losses - The Truth, The Pain, and The Chance!
For the past two weeks, have you been cutting your losses in the stock market or you are preparing to cut losses soon and then stay sideline to wait for clearer confirmation of rebounding to re-enter. I am not sure how many of us are that technically savvy and seasoned enough now to spot that clear market reversal signal.
What looks like a Rebound may actually be a Dead Cat Bounce too.
In a full blown Bearish market, there will be several instances of Dead Cat bounces.
Cutting losses Classic textbooks advice that you should cut your losses fast and live to fight another day. Paper losses are real and they may cause you opportunity cost in the stock market. But, how sound are these classic advices? Actually, it will depend who are you in the stock market and your stocks pick strategy. ......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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