After enjoying the heat of summer in Samar and Leyte, I’m officially back home in Manila. Yes, back to reality…
I was very excited and positive! The very first thing I did when I got home was check my portfolio. And guess what???
It broke my heart to see that most of my stocks were in red and my total account equity value was 15% down!
Imagine how you’d feel to see that your portfolio lost quite much. Oh well yes, it’s only paper loss, but it’s the same feeling.
Is this what they call the “roller coaster emotion” in the stock market? Now I understand how it feels when the stock market is not at your side.
It’s sad and frustrating but I was aware that even before I started on this venture, circumstances like this happen in the stock market. And that’s the reason why a lot of people prefer to just put their money in the bank because it’s safer and it’s liquid. Investing in the stock market is indeed risky.
And for a poor newbie like me, there’s nothing much I can do for now. But I definitely need to do something about it.
I spent the entire week reviewing my stocks, researching, and thinking about what I need to do to recover from my paper losses. Inasmuch as I wanted to recover the soonest, I did nothing on my portfolio. The constant movement of the stock values goes up and down much like the roller coaster emotions in me. And that kept my fingers away from the trading buttons on the platform of my online broker.
I didn’t want to touch any of my stocks until my emotions get back to normal. That’s one thing I learned in the seminars that I’ve attended. Never let your emotion dictate you when making decisions in the stock market. More so, don’t invest in the stock market if you still feel bad about your losses (if you had any). Stock market is not the right place to take revenge. 🙂
Instead, learn from your mistakes and continue learning by attending seminars and expos. You can also watch stock market-related tv programs like ANC On The Money and Bloomberg. Or if you prefer reading, you can read newspapers, books or even blogs that are related to investing.
Click this link to read My Portfolio BEFORE my 2-week Vacation