Good morning folks.
Last week, I predicted that there will be panic selling this Monday if the glove stocks continue to trend downwards. Unfortunately, my prediction came true. It looks like the panic selling is in full force this week and all the weak traders are being flushed out.
However, I don't think this will be the end of the bull run for the glove stocks. The reasons are stated in one of my previous posts after the sell down for glove stocks in August 2020 (which subsequently rebounded).
I still maintain that now is a good buying opportunity for investors/traders with ammo. However, for those holding glove stocks who are having sleepless nights, it is time to sell to your sleeping point. No amount of money in this world is worth your mental or physical health. Money is a means, not an end.
My unrealised loss is going to hit 6 figure if the losses continue. I know, I know. Some of you will say,
"But it is only a small percentage of your portfolio, it is an unrealised loss and you have still not lost all the profits that you gained over these past few months". But to me, a loss is a loss, whether it is a realised loss or unrealised loss.
Do I plan to sell my glove stocks completely? No, I plan to wait out the storm.
Is this foolish? Maybe.
Is it my own decision after weighing all the risks? Yes.
Do I have any regrets if it becomes a realised loss? Not really, in the long run. I just treat it as part of my experience and journey in the investment world.
Good luck to all, whether you are holding glove stocks or not.
P/S: If you think I am talking c*ck, then please just press the ignore button.

I am with you. Currently still stick to kossan and guess we are not alone.