Sorry guys, my predictions last night were all wrong, the Philippine stock market fell hard and lost 39.70 points! 
I’m not surprised though since the Dow Jones Industrial Average was much worse than ours. Tonight, US stocks opened lower at 10,305 points and continues to slide after weak jobless figures.
It has been almost two years since Lehman Brothers’ bankruptcy (Sept 13, 2008), and we’re still in the global recession. This is my first time that I’ve experienced a recession since I didn’t care about the Asian financial crisis when I was in college (freshman year). I didn’t even care if investors, traders, businesses are getting burned or wiped out during those times since my parents are my financers haha!
I’ve been eagerly waiting for the bull market. People say that on a bull market, you just close your eyes and pick any stock, and no matter what, your stock pick will go up!? LoL I wish that’s true…
Good thing I was able to “cut loss” or sell my shares at a lower price early and stayed out for now. I really don’t believe in “lost opportunities” I just know that in order for you to survive in any trades (forex or stocks) you need to master the art of cutting losses. As Juanis Barredo, CitisecOnline’s VP, says, “cutting losses should be a no-brainer for you.” I strongly believe that there are still other opportunities on other stocks so don’t be afraid to cut your losses on your favorite stock or any stocks when the trend is not on your favor. The gains from your profits and your hard work from past trades will be worthless if you’re always praying for the trend to reverse. One of the mentors from Chartnexus here in Singapore once told us that a friend of his didn’t want to cut her losses on a particular stock that she got at around S$5/share until it went down to as small as 50-25 cents/share and lost her millions, I’m not sure of the true figures but I hope you get the picture. Regardless, the lesson learned here was, don’t hesitate to cut your losses early.
If you don’t want to do a “cut loss,” you can just wait for your stock to go up, but the question is… how long can you wait?
Good luck for our PSE tomorrow, let’s just hope for the best! Goodnight! 
Anyway, I’ll let you know what will happen later when PSE opens. If it continues to go down, i’ll pull out immediately, stop loss is really important. However, if there’s a retracement at 0.027, i’ll gain big time! We’ll see…
