Do what we can control.
When I read Brexit is very likely at 12 p.m. I did the following:
Consider what size of equity to cash will I be comfortable with. Which are the counters that I am willing to sit through 20-30% loss.
Which are the low-dividends companys with high correlation with STI.
In 10 min, I took the following actions:
1) Take contra loss of Silverlake axis (recently bought)
2) Sold Singapore Shipping at a profit
3) Reduce ST engineering at break even price
4) Reduce SCI at 30% loss.
With earlier sale of FST and CMPH, I am now about 50% cash.
Again, luck played a part. I was ready to start buying if market goes down enough before the vote, but surprising market keep going up and I just start a small position on Silverlake which exited too.
Hey, I panic ......