What happens when the PSEi falls and the market is bleeding

Last April 25, upon checking my portfolio, I was appalled because all of my stocks were in red. Normally, majority are in red but some are in green. I checked the news and apparently, it is because the market was down. I'm not sure what is the root cause but I do know it was a result of large foreign selling.

Upon observation, I noticed that all of my stocks fell but did not exceed 10%. I did not put a trailing stop. I was not planning to sell at all no matter what the market does because I am supposedly a long term investor.
And long term investors are shopping (and happy) when stocks are low. Unfortunately, I do not have funds to buy stocks when they suddenly hit bottom low. People are guessing that the market will remain bearish/ down until May. Well, I hope so. So that by then I can have the funds to buy again. I am planning to reduce my stocks to 3 so that I can concentrate on just 3 companies. It is indeed tiring to follow a lot of stocks/companies.

 

 I was actually planning to sell my Puregold stocks but then I was surprised that it was not affected much by the index fall. It only fell by a few percentage. I should research about why. But most probably, I will sell it once it hit my target price. What concerned me though was that the people who are supposed to be long term investors got into panic selling when the market was falling. And because of that they lost a lot of money. They probably forgot that as long as they parked their money in good companies, they should not worry about the going down because it will eventually go up again. Anyway, as I observe, there's really no logic in the stock market and in the participants. Indeed, it is more of psychology and people's emotion  that motivates them,