One of an investor’s or trader’s worst nightmare happened to me earlier today, and is still happening now.
As everyone probably know, the US is officially in the bear market now, with the market dropping more than 20% from the recent high.
For Singapore, the index plunged from a high of 3281 in January to currently 2672, a 18.6% drop.
STI Index 12/3/20
We foresee that the market will drop even more as Singapore feels the aftereffect of the virus outbreak globally.
Earlier today, I wanted to take profit on some of my earlier positions simply because:
We expect price to drop even more. Hence it will be better to lock in the profits and then buy in later at the lower price since the current price of some stocks we are holding is near our entry price.We want to increase our war chest to double down on other...