Better days are coming…..
Lets wait for all the newbies and jokers retreat from the market first, then better days will come soon. Too many people thought their are investment king coz they will gain profit in whichever stock he bought, and when there is fear, king doesn’t know what to do next, only know how to sell sell and sell.
Is good for market to get rid of all these people, although we suffer at the same time, for long term wise impact will not be that significant.
I always wondering how come people can make money from the stock market and where does the money come from…… Now i know, those are from cut lose, margin call, failed contra, etc. As long as you know what stocks you are holding, all these nonsense correction shouldn’t be a very big problem, just that you need to pay some opportunity cost for not able to get them at a lower price. But as long as the price you get is low, that should be alright. You won’t know will there be a lower lower price afterall.
The only regret i have is not able to sell my short time holding – statschpac at a high price, now it become a red in my portfolio, the rest i’m ready to go for long. But my greed in china stocks really will lock my cash for awhile more….. ai….. at least china paper’s dividend came, waiting for CG Tech one.
Stay cool, better days are coming.
