In my previous post i said , when market increase the probability of having a market dip will also increase and we should act accordingly.
So i thought for some members it will be valuable if i can share what i usually do (99% members , this is not important because they have build up their own strategy to address this, but for the rest this might be important ).
It is simple this is what i did. when market reached very close to 6000, that was one of action point according to my risk mitigating plan. my well planned action was liquidate 10% of my portfolio and keep cash ready.
I never saw this covid is coming or any sort of market dip. honestly i thought market will move to 6200 and then there will be a correction (that is not based on analysis, it is based on the momentum market gained in mid September)
But i can not deviate from the original plan (because that plan was created putting lot of things in to consideration, so my emotions are not important, i should execute the plan).
here is the proof , my cash statement.
10% of my portfolio is just 4.5 mn , so you can see what i sold
Why i sold RCL? my target price was 120 , so it came very close that is one of my pick
Why I sold dialog ? i can say the reason, it is unfair to people who invested in dialog (but dialog can be sold even for 11.60)
Why i sold SAMP? my target price was 145, but it develop negative short term momentum
Why i sold COMB? No i didn't sell it, only small portion were sold because i needed to make it 4.5 mn