Share Your Blessings Guys, DONATE To This Year's Charity. Details Have Been Emailed/Messaged To You Weeks Ago Already
 photo TheDailyHINT01_zpsae8386eb.png

Post Reply 
LESSONS LEARNED
05-26-2012, 12:21 PM
Post: #31
RE: LESSONS LEARNED
0
0
Top of the morning to you, Sir Onerockstar! Up to now starstruck ako sa inyo. Can't shake it off. Big Grin

“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Find all posts by this user
Quote this message in a reply
 photo TheDailyHINT01_zpsae8386eb.png
05-26-2012, 04:32 PM
Post: #32
RE: LESSONS LEARNED
2
0
Mag-1 year na pala akong nagt-trade sa stock market ngayong June 2012. So, I ran through my monthly report courtesy of my online stock broker, COL. I lost an estimated 8700 Php on my first year. If I would included the brokers fee on both transactions (buying and selling), the amount would be an estimated total of 10500 Php. So, that's my total loss for my first year.

I guess I can contribute a few pointers for myself, and for the fellow newbies:
1. When you're trading, leave your emotions out of the door.
2. If you bough a stock based on your trading system, don't sell it because another trading system tells you to SELL.
3. Never listen to hype artists, and market rumors.
Bloggers stating that the stock has great fundamentals and it's good for a long position, are people waiting to sell their shares. (Remember Tra**** Ops's hype about ABG during the first TIE EB?)
Disclosures can be faked, or retracted (remember the DIZ SRO sh** by P**k Trough?)
Everything should be based on facts, and by that, I mean financial statements.

4. You are responsible for placing the BUY and SELL order, so don't get all hyped-up.
Decisions are INFLUENCED by internal and external factors. If a newbie traders does his research, and finds a number of "dubious" facts that they post on FB groups, blogs, and stock market forums. He is most likely get swayed and join the herd.

How many times have you read this "at the end of the day, you are responsible for your own trades"? (courtesy of the R** King and other Japostles who prey on gullible newbies). These guys are like Pontious Pilate, who washed his hands for any possible consequences during Jesus's inquisition. My middle finger points to you hype artists.

5. Respect the chart and the trend.
One of the useful thing that I've heard is from a trader from Nieves, just after EDC took a dive last March 2012:
When the price of EDC did not go back to 6.20, I could tell there's definitely something wrong. Volume is already picking up but the price keeps on falling down. So basically, the chart is telling me there's no way EDC would go back to 6.20. I don't care about the news and stuffs posted in the net. If the chart tells you, you need to go, you need to go. So, I sold.

*Just an FYI, EDC fell to almost 4 php.

News came out that the people in EDC were the ones selling the shares at 6.XX level, which is the reason that the price did not go back to the 6.20 level. They DID NOT disclose it to the PSE but to the reported in Business Mirror.

I hope this helps. Big Grin

Mash THAT POTATO!
My blog: Jaydee Says So
Visit this user's website Find all posts by this user
Quote this message in a reply
05-31-2012, 11:57 PM
Post: #33
RE: LESSONS LEARNED
0
0
SABI MO BASURA, ANG IMPORTANTE KUMITA KA NG MAGANDA, KAHIT NAMAN BLUE CHIPS PAG MALI ANG TIMING MO AT NAINIP KA YOU SELL AT A LOSS DI BA. LESSONS LEARNED SA CALATA.winking
Find all posts by this user
Quote this message in a reply
06-01-2012, 04:35 PM
Post: #34
RE: LESSONS LEARNED
0
0
(05-31-2012 11:57 PM)Onerockstar Wrote:  SABI MO BASURA, ANG IMPORTANTE KUMITA KA NG MAGANDA, KAHIT NAMAN BLUE CHIPS PAG MALI ANG TIMING MO AT NAINIP KA YOU SELL AT A LOSS DI BA. LESSONS LEARNED SA CALATA.winking

Big Grin Guilty rin ako jan... naglaro ako ng bazura stock (DIZ) nung Feb to March. Kumita talaga ako dun. Lufet kasi ng chismis ni Frank eh. Big Grin

Mash THAT POTATO!
My blog: Jaydee Says So
Visit this user's website Find all posts by this user
Quote this message in a reply
06-06-2012, 08:07 PM
Post: #35
RE: LESSONS LEARNED
0
0
HAVE WE LEARNED SOMETHING SA CALATA? "PERA NA NAGING BATO PA".Big GrinBig GrinBig Grin
Find all posts by this user
Quote this message in a reply
06-08-2012, 05:11 PM
Post: #36
RE: LESSONS LEARNED
0
0
Well, I've learned something sa CAL... si Patatas pala yung bagong jockey nun. Big Grin

Mash THAT POTATO!
My blog: Jaydee Says So
Visit this user's website Find all posts by this user
Quote this message in a reply
06-13-2012, 05:44 PM
Post: #37
RE: LESSONS LEARNED
0
0
WALANG BAD STOCK, ONLY BAD TIMING.winking
Find all posts by this user
Quote this message in a reply
06-19-2012, 06:22 PM
Post: #38
RE: LESSONS LEARNED
0
0
I am a newbie of 2 months duration. Matagal ko na gusto mag stocks. I started with blue chips muna. And then I discovered the dark side. So here is my trilogy of epic fails from which I hope you learn something.

1. I went against the trend, my friend.

I bought ORE last May when it first dipped from its level of 8 to around 7. No analysis whatsover. I was just assuming that it would go back up to its usual level the following day. And it continued going down. So I bought some more to average down. And it went down some more until its current level of 5. So i thought I could just wait it out. Eventually nainip ko and I decided to transfer to what appeared a rising star...

2. Hello VMC

I was looking at the trend. 3 straight days of green candles. I also read somewhere of its possible tp. Since the price was also low, I could buy a lot of stocks.

Some other registered member mentioned his/her 30 minute rule. He/she would not make any trading during the first 30 minutes of the trading day and just observe the sentiment of the market first. Of course hindi ako makapagpigil and so I bought at opening price because I wanted to get the lowest price possible before it skyrocketed. Siyempre after a couple of hours, bumamaba na price. As usual, buy again to average down and eventually naipit na ako at 1.97 while the price went down to 1.5. Eventually, I decided to transfer (again at a loss) to another stock I had that was ipit (again) also...

3. CAL, the ongoing saga

The first time I bought this, I made some money. But due to the negative vibe I was reading in the forums, after 1 day I disposed of it. Then I followed it to see how it would go, hoping to learn something. But it kept going up. So I decided, one more time. I bought on a friday afternoon thinking that it would still go up by monday. It did for a while then it fell. Thinking that this was the dreaded dump, I sold all my stocks. But when I saw it was going up again, I decided to buy at a lower price and try recover my losses. At the end of the day, I had recovered some but I decided to stay put, thinking that this stock will just resume its journey upward. And so here I am, ipit pa rin at 15. Akala ko makakalaya na ako bukas, but well the stock had other plans.

At this point, I will probably just wait it out or eventually cut my losses. Sana happy ending naman. Please.
Find all posts by this user
Quote this message in a reply
06-21-2012, 07:56 AM
Post: #39
RE: LESSONS LEARNED
0
0
BUY SPECULATIVE STOCK LIKE CAL IF YOU CAN MONITOR ALWAYS. I LOST MY PAPER PROFIT WHILE ON TRAINING. SAYANG DIBA KASI I CAN BUY AT LOWER PRICES NOW AND STILL PURSUE MY LONG TERM INVESTMENT WITH IT. LESSONS LEARNED.winking
Find all posts by this user
Quote this message in a reply
07-05-2012, 04:51 PM
Post: #40
RE: LESSONS LEARNED
1
0
Hi to all,
I would like to share "My Rules for Stock Market Investing," which come from the viewpoint of a fundamentalist analyst/investor with over two decades of observing, analyzing, and talking about the markets:
1. Keep your eye on the long-term growth of the company (earnings and cash flow); don't get distracted by short-term hiccups.
2. Have strategic intent and commitment. Stay committed to the strategy, through fire and rain, unless developments really prove this idea to be wrong. Have the courage of your convictions.
3. Avoid correlated trades (do look for uncorrelated stocks/positions). Correlated trades would refer to two stocks or companies that are in the same industry or are affected by the same trends (e.g. ABS and GMA7).
4. Do not over-diversify -- there is such a thing as diversifying too much just for the sake of diversifying, which is the one true path towards portfolio returns underperformance. Limit stocks in portfolio to 10 or 15 (less is better).
5. Take advantage of "special situations" (high risk stocks) but do not overweight these speculative side bets.
6. Avoid market orders, especially for illiquid stocks.
7. Avoid companies controlled or led by second-, third-, etc. generation scions -- they've lost their entrepreneurial spirit a long time ago. Corollary: avoid all Lopez-controlled companies.
8. Ignore the national leadership -- they're part of the statistical noise, loud but empty and ephemeral. A good investor must be able to make money regardless of who or what sits on the seat of power.
9. It takes courage to be a pig.
10. Illiquidity is not necessarily a turn-off -- liquidity will improve as prices rise.

I keep adding to this list as I learn something new about the market.
Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)


Disclaimer: All trademarks and company logos appearing herein are the properties of their respective owners, and that StockMarketPILIPINAS disclaims any ownership in such third-party marks. The use of any third party trademarks and logos are for informational and visual enhancement purposes only, and does not imply nor constitute an actual endorsement by the admin of StockMarketPILIPINAS to buy or sell the said stocks. Furthermore, that the views and opinions expressed herein are solely those of the writer and not of the admin of StockMarketPILIPINAS in general. Readers discretion is advised at all times.