With limited capital, my strategy is nibbling one or two stocks every month. So it is good that at my buy in time, the market is on a downtrend rather than an uptrend.
Today it was an ocean of red. All my current holdings, except three, are in red. Many have reached my accumulation prices.
And all stocks on my watchlist are in red. With limited investment capital, usually I have just a handful of counters to choose from every month. Of course, I do not want to open the warchest yet.
However, today I am spoilt for choice with so many attractive counters. I entered buy orders for a couple counters, but unfortunately ended the day empty handed.
Opportunity or risk?
Well, let's see tomorrow......