Q&A: Bear market

I've gotten several PMs asking what I did during the past couple of months. In the real world and in the PSE. 

For the whole latter part of May I took a break from the market. A well deserved vacation with the family right before the little one starts school again. Always a good idea to recharge and get back to your WHYs. 

In the PSE, it was more of the same. After looking at the charts when I got back, I didn't miss much.

The general sense of weakness is still prevailing. Dozens of stocks hitting 52 week lows. iZS and iAOTS galore. 

So what's the best strategy during this time?

- Take some time off. Maybe this is Ms Market's way of telling you to recharge.

- Do some practice trades on unfamiliar setups. There are so many possible divergence or downtrend setups to work on. 

- Or even take up a new hobby!

- For part time traders, get a sideline or do well at work. 

- You can even try looking at other markets or alternatives. There is a whole other world out there. The PSE is just one market out of dozens.

Crypto. US/HK/China/SG/European market. FOREX. 

Here's something I told the current proj seed batch when they asked if I changed how I filter or choose stocks right now. 

Again, you don't need to trade just for the sake of trading. That is foolishness. We should be able to survive during bull and bear seasons. If limiting your trades to protect your capital is your strategy for now, then do it. 

If there are others showing green ports during this time, do not be pressured. You don't know their journey. Maybe their system is more on buy on support or purely momentum based. This is their market. Their time to shine.

Your time will come. Remember that.

Your. 

Time.

Will. 

COME. 

and when it does you have to be ready to take advantage.