Investment Feeling on 24-Feb-11

D-day! In the Morning, it still looked ranging & hovering between psychological support level at 3000 pts. Out of sudden, STI index slipped further for another 29 pts & close at 2973 pts. It's like a freefall of dark rain from the sky. Now it's really the moment for me to think deliberately before any decision made, either sold everything tomorrow before it's too late or expect technical rebound soon either on tomorrow or next week. For better understanding for STI index trend chart, please refer as below:

The psychology & emotion control is now bothering me to clear the hands or hold on it. At the moment, I may plan to realize some profits first before going to throw other losses stocks. I hope to secure my capital first before everything though I may suffer some losses or may regret if STI index is really rebound soon. But at the point of time, as a human, am I rational enough for the decision I'm going to make? Hope it works...

After all this, I've chat with my buddy regarding his current investment feeling. He just told me to assess my risk level whether I can tolerate the risk of dropping or intention to retain the capital. He shared after the previous 2 major corrections, which are subprime crisis & Europe crisis that are mainly related to the credit & debts by banks & countries. But this time round is actually the countries unrest & chaos and cause the oil price hiking & inflation concerns. So will it affect the fundamental of economy? Sure it will, but it's may only restricted to certain level but not the fundamental for overall economy to be grown.

So at last but not least, I would rather sit on tight to go thru this round of storm as I've realised that I'm still enjoying slim profit after today storm. What a relief! Stay tuned for tomorrow another roller coaster ride as I believe --> 否极泰来, 物极必反