It looks like the domestic stock market is over for a while
Today, it felt like it was pretending to rise bit by bit only to drop again—a "strong start, weak finish"—and I have a feeling this pattern will repeat for a while...
It seems like foreign and institutional investors will keep buying the dips and then dumping everything as soon as it rises slightly, leaving the retail investors who jumped in at that time stuck. It looks difficult to escape this tedious sideways market.
My total average return across all holdings is already down more than -30%, so it's hard to cut losses, but there's also no sign of a trend reversal, so I can't even average down. I'm just staying on the sidelines.
At this point, the stock market isn't just a matter of one or two months; it feels like a test of patience where you might have to endure 1 or 2 years just to break even...
The only silver lining is that I only invested with my assets after setting aside a minimum amount of emergency funds, and I didn't increase my exposure by clumsily averaging down on stocks that were already underwater before this major crash.
I'm planning not to even open my stock app or PC until next year.
I'll check back only when I hear news that the KOSPI has surpassed 7,000. haha
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