I didn’t realize that my only 2 stocks in my holding will be impacted so much. Although I was finally ‘happy’ when the stock market crash on 18 March 2020 (MCO 1.0), because we have been waiting for more than 12 years for the stock market to correct. Of course I am not ‘happy’ because so many people lost money, but happy that my wait (& many more investor’s wait) is finally over & can take opportunity to pick up undervalued stocks
This is a reminder to myself, because this 2 stocks (SLP & ULICORP) actually pass through the Hidden GEM System (HGS) – 5 criteria in 2018 during my analysis. But after I bought it, I left it to grow without realizing that it is not a ‘Long Term Buy & Wait’ stock but a cyclical ‘Buy & sell before the price goes down’ stock
So when I finally open my stock trading system to check my stock market value, 1 stock lost 50% & another lost 80%. It didn’t hit me so hard at that time, as I was focusing on what to buy, but looking back, it is very painful (sort of a heart attack). And I felt the pain, every time I review my portfolio (in July & Nov 2020 and every month after that) because when my HGS portfolio went up, I didn’t know whether to SELL the 2 stocks at a loss OR average it out, as fundamentally, they were not a STOCK that will thrive during the crisis.
Do I put my little money left to buy another stock which had the potential to profit & cover the losses of these 2 stocks OR do I use it to average out to PRAY & HOPE the 2 stocks will go up? I believe many investors will be caught in the same predicament.
And here’s what I did
And here’ what happen
So let me know have you been in the same situation before & share with me how did you navigate out of your situation.
*DISCLAIMER – All stocks listed here are not a recommendation. The article is written purely for the purpose of education and journaling only. The content of this article is an expression of my opinion and should not be taken as professional advise. If you are seeking for professional advise, please consult me personally . You should do your own research and/or seek expert’s advice when doing your investments.