The first day was 7 Oct 2014.
I use the term adjustment, because at this point it is sure that this is an adjustment since KLCI index drop far below its 200MA, i.e. year line. I don't know if it is a bear or not at this point.
Small and medium capital shares adjust really a lot. In just a few days time, my buddy INARI has drop more than 30%.
My profit has evaporated significantly. It is what it is. I will take this as a good experience.
8-10-2014: First day GAP DOWN, continue holding, hoping it to get back. I told myself that if the coming rebound has no volume, I will sell it.
9-10-2014: Small rebound. YES, this rebound did not have the volume I expected. I convinced myself to hold. Why? I am longing it to get back to its "normal" position that it used to be.
10-10-2014: Second day GAP DOWN. It is painful, terribly painful. One day of plunge can get back to the price which is 4 months ago.
13-10-2014: Third day GAP DOWN. Horrible sell off. Price went back to 7 months ago. I can assure you that seeing your profit evaporate day by day is an extreme agony. I am totally lost.
14-10-2014: Fourth day GAP DOWN, cannot tahan (stand) anymore, SELL ALL.
15-10-2014: Continue going down, totally out of my expectation.
16-10-2014: Fifth day GAP DOWN. A total drop of 35%+ from 3.18 to today's low. All happen in 1 week time. The opening price is RM 2.04. Even though I know that this is a bargain price, even though I know that technically, the price is completely out of BB lower band (i.e. a rebound is very soon), even though I know that it will not continue to gap down everyday, yet the emotional fear stopped me from buying. And I am fear to buy in. I guess this gives me a taste of bearish market, that no matter how low the price is, that previously you've thought that you would have buy in at this bargain price, but the market will scare you from doing so. I admit that I am completely scared by the market at that time.
Logic says: hey, INARI 35% discount price, when will you see this bargain again?
Emotion says: OMG, it has been free fall for so many days, how dare you catch the falling knife? never die before?
At the decision moment, this time, my emotion won. I lost my logical thinking seeing the market can be red like that.
17-10-2014: Strong rebound, I couldn't believe what has happened.
In two weeks time, I witness how my unrealized profit evaporate in days.
In two weeks time, I experience the anguish feeling in seeing the profit gone.
After selling, I felt fortunate that the price continue going down.
After the rebound on 17-10-2014, what is my feeling then?
My emotion is completely controlled by the market, and I know this shouldn't be the case.
[to be continued]