Trading the Philippine Stock Market

[vondave]

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vondave, congratz bro..
Hoping makaabot nako sa minimum nya na requirements aron maka upgrade nako pohon into COL2x..

By the way, share lang nako there is a more accurate way of computing for the interest per month sa COL2x.
Here is the formula:
Interest = ((Amount Borrowed or Negative Cash Balance * No. of Days utilized * 18%) / 365) + 12%VAT.

Now for the Equity Percentage na dapat nato e monitor here is the formula:
Equity % = (Marginable Stocks + Net Cash Balance) / Marginable Stocks

Thanks bai. Ahak, simple raman diay kaayo ang formula. How did I miss this? I realize now that one trick to successful margin trading is being conscious of the age of your trade, meaning the number of days since you entered. The short version of the tactic should be, go in, make money fast, then go out. If you can find good trades that allow you to do that, then go go go!!!. This is perfect for swing traders in my opinion. Hehe.

[vondave]

bago o pko ani bro. currently holding kay DGTL,EDC,MEG hehe
ganahan ko makat-on aning TA esp japanese candlestick charting.
mag patudlo ta dri aning mga bangiitan dri haha.
maau kay nka open og thread si sir ep nice ni para sa mga bisdak trader.

atot taas man ganina ang DOW ni ubos naman pero green pa gihapon.

Hi, If I may, here's my opinion on the stocks you mentioned. I looked at the DGTL chart, it seems like it has corrected and it is beginning to resume its bullish movement. I don't know the fundamentals on this stock though because ATR Kim Eng does not have advisory on DGTL but I've always liked Sun Cellular. I might buy this tomorrow as I recently liquidated my swing stock play and am looking for a new issue. hehe

For EDC, it has a buy rating with ATR Kim Eng. Problem is looking at its chart, you can immediately see that it has lost its momentum with the 32 SMA below the 65 and 130 SMA. The good news though is that it seems to be making a bullish breakout. You might want to buy right now or wait for a correction. But the bullishness might be too early for my tastes. Don't want to bite.

For MEG, i suggest you drop this stock. ATR Kim Eng classifies this stock as 'hold'. If you have it, I suggest you try to sell on strength. I actually had some meg just last week from offerings that I exercised.

Good luck.

[vondave]

to vondave:

bro unsaun pag apply ug margin account sa COL? dali ra ba sya ma approvan bro ig apply nato? murag ayus bitaw ni sya nga features bro... naa ra ba syay option didto to use margin account when you buy stocks?

Thanks kaayo bro ... ayus kaayo imo line bro magpadato nata

Hi kizj,

You can read about COL's margin facility here: https://www.citiseconline.com/Final2.../HOME_Faqs.asp

Requirements are all there. I applied by sending my documents via courier and i got approval after about 2 trading days. Actually, when you already have a margin account, by default, all your purchases will be made using your actual cash on hand. But in case you want to buy over and above your actual cash on hand, you can do so. So long as it is within your margin limits, pwede ra. No approvals needed. Ikaw bahala. Your cash balance then becomes negative. The negative amount is the amount you are trading on margin and that accrues interest every day computed based on the formula epgarias showed in this thread. thanks bro.

Then when you liquidate, like I just did today, the cash balance is adjusted automatically. In my case, nibalik siya ug positive.

Basta be careful lang jud with margin bro. Be sure you have a solid trading system and stick to it. To be fair, COL warns people as much in their website. But if you ask me, I am liking it very much. I have so much more flexibility. If your money management is meticulous and comprehensive, you shouldn't have a problem and might find the facility God-sent.

Magpadato na ta!!!!

[ya]

Hi kizj,

You can read about COL's margin facility here: https://www.citiseconline.com/Final2.../HOME_Faqs.asp

Requirements are all there. I applied by sending my documents via courier and i got approval after about 2 trading days. Actually, when you already have a margin account, by default, all your purchases will be made using your actual cash on hand. But in case you want to buy over and above your actual cash on hand, you can do so. So long as it is within your margin limits, pwede ra. No approvals needed. Ikaw bahala. Your cash balance then becomes negative. The negative amount is the amount you are trading on margin and that accrues interest every day computed based on the formula epgarias showed in this thread. thanks bro.

Then when you liquidate, like I just did today, the cash balance is adjusted automatically. In my case, nibalik siya ug positive.

Basta be careful lang jud with margin bro. Be sure you have a solid trading system and stick to it. To be fair, COL warns people as much in their website. But if you ask me, I am liking it very much. I have so much more flexibility. If your money management is meticulous and comprehensive, you shouldn't have a problem and might find the facility God-sent.

Magpadato na ta!!!!

Up to how much leverage does COL allow? 5X?

[epgarias]

Up to how much leverage does COL allow? 5X?

2x lang bro..

[wildfire1203]

@lorenzoleo...sir,thank you kaayo sa imo reply.anyway,i have your number already.i will just contact you whenever maka-uli nako diha sa atoa.naa pa ko diri sa gawas,naningkamot intawon nga makapuhunan.anyway,interested ko about stocks and mf investments.i hope you can guide me or teach me about these...thanks

[vondave]

Up to how much leverage does COL allow? 5X?

Sakto si epgarias, 2X is COL's limit. If you follow the rule of limiting your risk for every trade to 2% of your portfolio as maximum, you won't need over and above 2X. Besides, 5X would be way too dangerous not just for the margin trader but for the market in general. Imagine if we had a critical mass of traders trading on high leverage. If things go bad and margin calls are made, then the market is susceptible to a serious crash!! We don't want that. It is a healthy market where growth is steady and sustainable. Oki oki.

Magpadato na ta!!!

[lorenzoleo]

@lorenzoleo...sir,thank you kaayo sa imo reply.anyway,i have your number already.i will just contact you whenever maka-uli nako diha sa atoa.naa pa ko diri sa gawas,naningkamot intawon nga makapuhunan.anyway,interested ko about stocks and mf investments.i hope you can guide me or teach me about these...thanks

Sure, sir NP.

[ddemmon]

1:3 is standard R:R, you can do with as low as 1:1 as long as you have high precision of predicting probabilities. I don't have any special calculations sa TP, it's either this...If I'm wrong, ma igo akong SL and I'm out but If I'm right, ako na epadagan jd until ma spot nko na exhausted na ang trend. That's why I advice jd, as soon as you can take off your indicator, do it...learn trading price action. Ang indicator is like a training wheel sa bike, it's good if new paka but if later ganahan jd ka magpadagan ug paspas, syempre tangtangon jd nimu ang training wheel or better yet palit kag motor.

I just draw a line sa akong SL sa chart then as soon as ma break na then I sell before ma close ang market if maka tanaw but usually sa opening sa next day regardless if bounce mn after naka ma closed. A break is a break.

Then my brokers charge/trade.

Worst trade : loss 1% or @ $1
OK trade : Break even
better days : Gets stopped out with a profit of 1x or more
average days: >5,
best @ record so far : $20.

Ug a little secret lng, my TP jd is time based unless countertrend trading. When I enter a trade, I know what day to to exit unless PA dictates otherwise. Ug I'm a chartist at heart but I'm gonna look for a specific thing to determine the stocks volatility and it's not the Beta(beta is a calculation ghapon of past volatility in relation to the index mn guro, so I don't used it). I think it's about time everyone joins and discuss here on the thread kay murag wall of text kaau ko mu reply. Again, I wish the best jd sa tanan traders sa pinas.

=>>same here rescyth, i'm a chart pattern trader and for years have drop all other indicators in my trading. only price and volume and trendlines is the way to go.
i tell you guys, trading does not have to be complicated.

"The less effort, the faster and more powerful you will be." ~ Bruce Lee

[daredavid]

Kinsa'y naa'y kaila nga stock broker dinhi? Nangita mi ug stock broker kay gusto mi mopalit ug stock sa PSE nya mag pa explain pud mi sa mga pama agi ana. Thanks!