For the first time in my life, I played with stocks and dedicated it to the Philippine stock market, specifically to DIGIPLUS. I was initially told it could increase tenfold in a year, which made me extremely joyful. However, I entered the market when the stock was at a high of over 50, and now it has plummeted to just over 20, effectively halving its value. It feels like I've regressed to the starting point overnight.
I had intended to make a big move with a short-term trade aiming for a 10% increase and then pull out, but ended up fully committing to it. All this money was hard-earned over several years in the Philippines.
Alas, this teaches that one should not engage in matters beyond their understanding, as you cannot earn money beyond your knowledge.
My situation is even worse than when the Kuomintang troops entered the mainland in 1949.
Comments0
Being harvested by capital
Dare to buy Philippine stocks
Regretted
The government is also demanding that all gambling companies go public, which is crazy.
Nowadays, DGs no longer make money from gambling, but have turned to finance. This time, they suffered heavy losses, with their market value halving.
Why not let me earn a little bit?
You got trapped, didn't you? I knew this stock was no good, very hollow.
Does the Philippines actually have a stock market?
It is estimated that it will continue to fall, as they are currently the ones pulling the market.
Stock Guru
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