Trading the Philippine Stock Market

[vondave]

my 5k with citiseconline has been sitting there for months now. i don't know what to buy...

Hi,

What's holding you back from choosing? It's ok to make a mistake, that's all part of the learning process. My suggestion lang is to base your choice on reports from citisec but please use their fundamental analysis reports. Stay away from their technical analysis reports. I believe in TA but citisec's technical analysts aren't too good in my opinion. You should only use TA after you've studied it yourself with a good level of thoroughness. At least enough that you can read charts yourself with confidence.

Also, before you buy anything, make sure you write down your trade plan. What is your buy price, your cut-loss level and then your target price. That way, you know exactly when to sell. Hopefully, your first trade is a success. In case it doesn't go your way, don't lose heart, just sell right away at your predetermined cutloss level and find another trade.

Lastly, keep growing your trading account by depositing regularly. Even 2 or 3k a month is a good start. You're very young so you have all the advantages of long years ahead of you to build your portfolio.

Good luck to you. Keep reading and learning.

[redhorse1L]

For those who are more knowledgable on this field.
I suggest you offer seminar for us noobs?

If we can organize for, let's sa 25 people, and naa lang gamay amutan for each.
I think sakto ra sad na nga maka-collect para sa talent fee for the speaker.
Kanang inamigo lang nga presyo ba.

What ya think? ? ?

[redhorse1L]

^^ Anyway, this was already answered by vondave =)


Originally Posted by vondave
Don't wait to join a seminar in order to act. There's so much free information on the net, and books are way cheaper than seminars. Trust me, I've been there and done that.

Go and open a trading account today and learn as you go. Don't be frozen to inaction by 'analysis paralysis'. The biggest stumbling block to successful investing isn't lack of knowledge, it is lack of drive.

Don't be a wimp. You must want it bad.

[vondave]

For those who are more knowledgable on this field.
I suggest you offer seminar for us noobs?

If we can organize for, let's sa 25 people, and naa lang gamay amutan for each.
I think sakto ra sad na nga maka-collect para sa talent fee for the speaker.
Kanang inamigo lang nga presyo ba.

What ya think? ? ?

That's an intriguing idea. If this pushes through, I'll join and mu-apil ko'g amot. I wish I could say I'll be the speaker, but the thing is I don't qualify, we're really all just newbies here, nag-una lang gamay ang uban. Do you think the really successful and knowledgeable traders would bother posting in forums like this? They'd probably be too rich to want to bother. hahaha.

The point lang I wanted to make to everyone is that I've been trading for almost 3 years na but not having joined any seminars or reading any books didn't stop me from starting. In fact, If I let my meticulous side make my decisions, I still wouldn't be trading today. Why? Because up to now, I still am learning so much. Right now I'm reading about US trading strategies, ETFs and options. Layo pa kaayo kos tinuod. But I'm already making money as I'm learning.

What I'm trying to point out is just go ahead and do it please. You don't have to throw in all your life's savings so far into stocks, you can start small, but you have to start right away to start learning. Reading books and attending seminars is one thing. But you will never be able to trade successfully by reading and seminars alone. You have to open an account and actually start trading. Actually trading puts you in a position to identify what you don't understand and then you start asking the right questions. From there, you'll seek out learning materials and advise from others.

Nobody learns how to drive a car by reading a book. At some point you have to get behind the wheel. For many, you'll probably hit the curb, or dent your fender, but you need to go through that to actually be a competent driver.

Just go to citiseconline.com and open an account and start trading single boardlots of blue chips. Build up your portfolio as you go. Don't overthink. Just do it. The problem with most people I know isn't lack of knowledge. It's lack of attitude. With the right attitude, knowledge will follow.

In closing, here's an analogy to put things in perspective. When you are making a night-time road trip, you make a general plan: where you start, where you end, and the general direction. You don't see the whole road ahead of you at night. You only see a few meters just ahead of your car with your headlights. But not seeing the whole route shouldn't stop you from making the trip. Because when you move forward, your view of what's ahead moves forward as well. You see more of the road as you go.

So start your engines and drive already and just keep your headlights on.

[Soggy2]

Anyone, whats your though on this.

MBT is nearing support on its channel with upward bias? I have really bad judgement with these things.



grabe selling pressure 0.98 sa FLI ganina. I think this is the fluc to beat para breakout.


Absolute traders sometimes conducts seminars here in cebu pero 6.6k ang bayad. Technical analysis ang topic and its not the type of seminar for complete noobs. It assumes that you already have some experience in trading or at least have the technical savvy for charts and graphs.

[ya]

That's an intriguing idea. If this pushes through, I'll join and mu-apil ko'g amot. I wish I could say I'll be the speaker, but the thing is I don't qualify, we're really all just newbies here, nag-una lang gamay ang uban. Do you think the really successful and knowledgeable traders would bother posting in forums like this? They'd probably be too rich to want to bother. hahaha.

The point lang I wanted to make to everyone is that I've been trading for almost 3 years na but not having joined any seminars or reading any books didn't stop me from starting. In fact, If I let my meticulous side make my decisions, I still wouldn't be trading today. Why? Because up to now, I still am learning so much. Right now I'm reading about US trading strategies, ETFs and options. Layo pa kaayo kos tinuod. But I'm already making money as I'm learning.

What I'm trying to point out is just go ahead and do it please. You don't have to throw in all your life's savings so far into stocks, you can start small, but you have to start right away to start learning. Reading books and attending seminars is one thing. But you will never be able to trade successfully by reading and seminars alone. You have to open an account and actually start trading. Actually trading puts you in a position to identify what you don't understand and then you start asking the right questions. From there, you'll seek out learning materials and advise from others.

Nobody learns how to drive a car by reading a book. At some point you have to get behind the wheel. For many, you'll probably hit the curb, or dent your fender, but you need to go through that to actually be a competent driver.

Just go to citiseconline.com and open an account and start trading single boardlots of blue chips. Build up your portfolio as you go. Don't overthink. Just do it. The problem with most people I know isn't lack of knowledge. It's lack of attitude. With the right attitude, knowledge will follow.

In closing, here's an analogy to put things in perspective. When you are making a night-time road trip, you make a general plan: where you start, where you end, and the general direction. You don't see the whole road ahead of you at night. You only see a few meters just ahead of your car with your headlights. But not seeing the whole route shouldn't stop you from making the trip. Because when you move forward, your view of what's ahead moves forward as well. You see more of the road as you go.

So start your engines and drive already and just keep your headlights on.

2nd d motion ko ni vondave, i am trading for 1.5 yrs now. Pero wala man ko naapilan na seminar sukad, sa internet raman nako nakat-unan tanan, ug sa mga forums pud sama ani. Sayon ra baya and concept sa stock market, palit ka ug stocks na ubos ang presyo, dayon ibaligya nimo nigmahal na. Dili man angay libogon. Sa akong kaagi, ni open raman ko trading account unya sugod dayon ug ginagmay, paglabay sa mga semana ug bulan, nisaka ang presyo ako gibaligya nikita rapud ko. Basta importante sa pag sugod nimo, pilion nimo kanang mga stable na company, para safe sa bankruptcy, kay ang presyo sa stocks mosaka mokanaog mura ug ligid, naa cya cycle. Mao rana ako ikatampo.

Kung desidido jud ka makat-on, open na account unya sugod ug ginagmay. Total naa man ni ang forum para makatubag sa mga pangutana

[epgarias]

Anyone, whats your though on this.

MBT is nearing support on its channel with upward bias? I have really bad judgement with these things.

grabe selling pressure 0.98 sa FLI ganina. I think this is the fluc to beat para breakout.

MBT is a buy for me..
Reasons are:
1. overall trend is upward.
2. currently standing near major support located at 57.50.
3. also located at the 40 MA which acted as area of support during the past.
4. expecting good earnings report to be release from MBT.

Agreed with you about FLI.. It must break 0.98 to breakout.. My thought is a broker is accumulating FLI real hard that is why ginablock pa niya to be able to accumulate more.
HINT: Check broker 121 transaction since July 23..

[epgarias]

Anyone, whats your though on this.

MBT is nearing support on its channel with upward bias? I have really bad judgement with these things.

grabe selling pressure 0.98 sa FLI ganina. I think this is the fluc to beat para breakout.

MBT is a buy for me..
Reasons are:
1. overall trend is upward.
2. currently standing near major support located at 57.50.
3. also located at the 40 MA which acted as area of support during the past.
4. expecting good earnings report to be release from MBT.

Agreed with you about FLI.. It must break 0.98 to breakout.. My thought is a broker is accumulating FLI real hard that is why ginablock pa niya to be able to accumulate more.
HINT: Check broker 121 transaction since July 23..

Bought FLI today @ 0.97..

[Soggy2]

MBT is a buy for me..
Reasons are:
1. overall trend is upward.
2. currently standing near major support located at 57.50.
3. also located at the 40 MA which acted as area of support during the past.
4. expecting good earnings report to be release from MBT.

Agreed with you about FLI.. It must break 0.98 to breakout.. My thought is a broker is accumulating FLI real hard that is why ginablock pa niya to be able to accumulate more.
HINT: Check broker 121 transaction since July 23..

Bought FLI today @ 0.97..

@epgarias, how or where do you get info regarding brokers' activity?

I think i will wait for a breakout lang para dili madaut ako plan.
Buy .99
Cut .97
TP 1.15
perme nako mapaso anang mo buy whilst inside the triangle.

[epgarias]

Broker activity can be found sa citiseconline website. Gamit ayo ni siya in analyzing their activities. Just go to Quotes->Broker Informatio, then enter either the stock or broker's ID on the field.

Regarding FLI, did not buy full yet.. Ni buy ra ko atleast half sa max possible shares na koa dapat paliton. Later on I can add more during the breakout.. Para atleast when I am wrong dili ayo dako ang damage. But even so ga expect gihapon ko good earnings report a continuation sa ilaha last March when nisaka ~14% ilaha ginansya sa company.