The market is crashing, not only here in the Philippines but in the whole world. The virus outbreak is triggering investors to sell their investments even if it’s not the proper strategy. People are panicking. They are afraid that the environment might take some time to recover, which is very alarming. If people will be scared until the end of this pandemic, what will happen to the stock market? Do you really need to go with the flow with these investors? If you are losing in the market right now, here’s what you need to do.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
Today is not the best time to be emotional. The major reason why the stock market is going down is that people are panicking. They are afraid that this pandemic might not end. And because people around the world are scared, they influence other investors. If you get too emotional right now, you will be forced to sell all your stocks, which is not the best strategy especially if you are losing even before the pandemic. How would you be able to recover if you will sell all? Hold your emotions.
Once you have settled, study the current status of the market. This is actually the best way to deal with all the issues in the market today. You have to carefully study the volatility before you decide to sell and buy. You should still stick to the strategy you are using when trading. Your best friend at times like this is your trading plans and strategies. As much as possible, don’t make a big turn. Stick to what you have right now and use it to profit from the stock market.
If you think your stock is not fully at risk, wait for its recovery. If your strategy says that you should not sell them all, don’t sell. Hold for it until the market goes back to normal again. You have to trust your ability to evaluate what’s going to happen in the next days. If you will be affected by your emotions and the panic, your hard-earned money will be put into waste. The reason why you need solid trading strategies is that you need them at situations like this. You need something reliable to hold on to.