When Time to Cut Loss in Stock Trading, Do It!

Remember my post on 6 May that says "recently I read that we should not give up the stocks too early as they tend to bounce back. Plus the economy is still going strong. So, let's see if this saying is correct." ?

This is half correct. Just like the stock market, it is either going up or down :p I think it all depends on the sentiment of the stock market. If the market sentiment is good, then tendency is it will carry on with an uptrend, and it is worth waiting. But if the market sentiment is lousy like today for Singapore Stock Market and other Asia stock markets, or like last Monday, then tendency is it will turn into a bearish downtrend, and we better cut loss!

I should have listened to the expert's advice, ie. "Sell in May and Go Away!" Plus this is a world cup year. Probably the stock market will only picked up in July!

Got to stay put and observe further before I enter the stock market and start trading again. Now my short term stock investment will become long term...

Fortunately, I have world cup to keep me occupied in June and July, while waiting for English Premiere League (EPL) to resume in August, and waiting for the stock market to resume its uptrend in July...

Link to Stock Wealth blog