Back in early 2020 when we had that very short market crash, I responded by selling most of my shares, aiming to protect my capital based on historical wipe outs of the share market. As we now know, that was a quick downturn followed by a massive upturn. My estimate is selling when I did cost me $500k in lost profits (mostly from RAC & CMM. I'm now unable to even look at anything remotely related to RAC. I sold a 100k at 28c!) So this time around.... I'm unsure what to do. Do I sell and miss the profits? Or if I hold, will this be the real crash? Any STT thoughts on this? Is it a March 2020 crash, or a GFC crash? It's worth noting - I think there will be a few traders in my position that aren't selling out this time based on their 2020 experience. How / will that change in behaviour impact a downturn?
I'm going to spend today reassessing and maybe choosing a few to sell. Might come down to a coin toss!
