Trading the Philippine Stock Market

[dodongisputing]

---

Mga idol, pila na inyong mga YTD returns? Curious lang ko if you don't mind me asking. TY in advance.

[MoD]

bro ep.. incase a deep correction will happen.. do we need to sell our stocks? then bottom fish it? or just hold dont mind with the losses? or observe cutloss.. hihi


the other day i violate my trading rule of cutloss.. and i lost a lot.. hihi.. gahi ulo man gud.. then after that ni rebound ang price.. may pa ni pugong na lng ko ato.. ni sagol jud ang emotion sa fear and hope.. may unta di na mahitabo next time... as of now observe cutloss na lng jud ko..

[macking67]

Apil ko ani para makaton gikan sa mga stock mentor EP diri sa Istorya

BUOT2 pud ta da.. Nag volunteer lng ta para ni boss EP.. ahahahaha


Originally Posted by dalmacio View Post
Swing trading Seminar by Bro Epgarias
(Amot amot sa Food, Free Redhorse beer)
Date and Venue - TBA

Attendance List
1. dalmacio
2. redhorse1L
3. xyberblue
4. vester
5. macking67



kinsa interested ani pa lista na para ma budget nato ang gasto ug pra professional fee ni bro Ep hehe
unya ma aghat pod ug conduct seminar si bro Ep kung daghan gyud interested.

[Theko]

grabehaaaa. 28% na akung gain for this month! stock simulator lng nuon tu sa investopedia. haha i hope in.ani ta ka swerti ig apply nku para COL nxt week.

[epgarias]

bro ep.. incase a deep correction will happen.. do we need to sell our stocks? then bottom fish it? or just hold dont mind with the losses? or observe cutloss.. hihi

the other day i violate my trading rule of cutloss.. and i lost a lot.. hihi.. gahi ulo man gud.. then after that ni rebound ang price.. may pa ni pugong na lng ko ato.. ni sagol jud ang emotion sa fear and hope.. may unta di na mahitabo next time... as of now observe cutloss na lng jud ko..

Ako suggestion is always, follow your trading plan particularly your cutloss level and risk management. Regarding risk management kay kaybalo naman mo about the 2% rule. The problem lang ana is how to properly set your stop loss nga dili ka prone into whipsaw.. On my case I am using a cut loss percentage of about 5% to 7%. Example if nipalit ka at P10 then 7% of P10 is 0.7. Your cut loss will be around 10 - 0.7 = 9.30. Most stocks kay ilaha usual movement lang kay mga around 2% to 5%, if they move greater than that then meaning momentum is picking up on that said particular direction.

[epgarias]

grabehaaaa. 28% na akung gain for this month! stock simulator lng nuon tu sa investopedia. haha i hope in.ani ta ka swerti ig apply nku para COL nxt week.

Its very much possible bro coz we are on a bull market right now.

[epgarias]

Guys, here is the information about the seminar of DKB:
Anyone interested to join? I am planning to attend this seminar. I hope I won't be busy on my work that day.

SWING-TRADING TOP DOWN APPROACH

I. Know your Market (short history/characteristic/rules and laws of PSEi)

II. Trading Strategy (top down)

a. Investment Process (Making a trading plan)

b. Macroeconomic Analysis (market forces) and Industry Analysis (life cycle etc)

c. Company/Fundamental Analysis (stock-picking) very basic and not into details like computing from financial statements.

d. Technical Analysis (when to buy/sell using swing trading)

III. Portfolio Management

IV. Changes in the new trading system

Tentative date: Dec 4, 2010
Time: 9:30-5pm
Seminar Fee: 5,000

If interested please email me at dkbtrade@yahoo.com

[TWINSCAN]

nice blog and music bro ep..^^
migawas na jud ang something big sa MEG. ^^

about sa MEG pattern double tops bro, forming pero layo pa sa tinood, lets see..dapat ang distance sa peak kay about a month or longer, which hapit na mag month(around oct 21) if mag fail cya break sa previous high(resistance) 2.55 and mo decline cya break sa low 2.21(given mao ni lowest point/support) then confirm na double top, otherwise..going to north ning MEG. ^^ sakto ba ni bro ep?

Bro, sa akong tan-aw di ni siya double top this is just a normal consolidation. Maybe this is the start of wave 4 correction of EWT if wave 3 will not be extended. If this is wave 4 then this pattern for MEG that you see now may develop into a rectangle or a bullish flag before it proceeds to wave 5 impulse. Why it is not a valid double top is because of volume. There should be a final very low volume in between the reaction low of previous high and in the area of recent high and this cannot be found in MEG. just my 2 cents....

[epgarias]

Bro, sa akong tan-aw di ni siya double top this is just a normal consolidation. Maybe this is the start of wave 4 correction of EWT if wave 3 will not be extended. If this is wave 4 then this pattern for MEG that you see now may develop into a rectangle or a bullish flag before it proceeds to wave 5 impulse. Why it is not a valid double top is because of volume. There should be a final very low volume in between the reaction low of previous high and in the area of recent high and this cannot be found in MEG. just my 2 cents....

Very nice insight bro.. Agree with you this is not yet a valid double top, not until support is broken and accompanied by huge volume.. I like the way your explaining thinks out using EWT.. Using EWT, what your TP for MEG?

[TWINSCAN]

bro ep.. incase a deep correction will happen.. do we need to sell our stocks? then bottom fish it? or just hold dont mind with the losses? or observe cutloss.. hihi


the other day i violate my trading rule of cutloss.. and i lost a lot.. hihi.. gahi ulo man gud.. then after that ni rebound ang price.. may pa ni pugong na lng ko ato.. ni sagol jud ang emotion sa fear and hope.. may unta di na mahitabo next time... as of now observe cutloss na lng jud ko..

Need to control the emotion bro. More of us need to be like Warren Buffett and train ourselves to "be greedy when others are fearful, and be fearful when others are greedy." Just want to share this for all traders and investors here.


Controlling Your Emotions During Tough Markets
By John Nyaradi

All year, investors have been fleeing the stock market for the perceived safety of the bond market, letting fear take control of their investing and financial future. But if you can learn to control your emotions, today's equity markets offer enormous opportunity.

Your biggest enemy for successful trading is not the "market," other traders or investors, the economy, or any outside force. You face your biggest danger in the mirror every morning, because your biggest danger is you -- your emotions and the human frailties that can easily lead to your financial ruin.

How many times have you read that the average investor has an uncanny knack to buy at the top and sell at the bottom? It's true -- and it's sad. People tend to chase bubble fads and the latest "hot" investment. And when they do, they invariably get burned.

Greed, Fear, and the Herd

Greed and fear are the two primary driving forces behind most investor decisions. Because though much has been written about markets being rational and investors making rational decisions based on earnings reports, price-to-earnings ratios, or technical analysis, the fact is that markets are not rational, as witnessed by the stock market's recent wild gyrations.

We've seen incredible global volatility, a flash crash, strong short-term rallies and declines -- and there's no rational reason for any of this in terms of corporate profits, economic reports, or political events. The explanation for what's happening in these crazy times is very simply that greed and fear are driving today's markets in very powerful and extreme ways.

Greed is simple to understand. People want to make money. But fear is a little more complex in that there are really two types of fear: fear of loss, which we all understand, but also fear of being left behind.

I believe a key to investment success is learning to control your greed and your fear.

You can control both of those emotions by following these rules:

1. Do not overtrade. In the search for better results or to limit loss, investors tend to overtrade and so wind up paying too much in commissions or getting whipsawed by short-term market gyrations.

2. Do not take on too much risk. Greed causes investors to take on too much risk, either through options, leverage, investing in risky companies, or by taking positions that are too large.

3. Do not look back. Successful traders don't go back and look at trades they have sold to see how they "would've done." When a trade is over, it's over. They don't do a postmortem to see if they were "right" or "wrong" about the market.

4. Do not sell your winners too soon. When you sell too soon, you miss out on further gains.

5. Do not hang on to losers too long. Most investors find it's hard to admit they were "wrong," and so lose more than they should or could. Ego plays a big role here. People want to be right. But "Hang on, it'll come back" is not an investment strategy. Just ask anyone who still owns some of the darlings of the dot.com boom and bust.

6. Keep your ego out of your trading. Pride in a good trade is as harmful as shame or anger or grief over a bad trade. Some trades will go well. Some trades won't go well. It has nothing to do with the investor's intellect or self worth.

7. Find a good plan and stick with it. A great batter in baseball only succeeds four out of 10 times at the plate. Investing is a marathon, not a sprint.

To be successful, you must use a trading system that suits you. It must fit your personality, your lifestyle, and your goals. A day trader, for example, is a totally different animal than a buy-and-hold investor.

Once you recognize who you are, you must apply discipline to your trading activities by having a written plan that you stick to unrelentingly. You must learn your market inside and out and become a specialist, not try to be an expert in all things. Today's markets are much too fast complex for anyone to be a generalist. Be a one-trick pony, and make it a very good trick.

I can tell you from personal, painful experience that if you violate the above rules, your chances for investing success are slim at best.

I've made all of the mistakes I mentioned at one time or another -- and, almost invariably, it's cost me money. The "trading gods" just seem to know when you violate the rules, and then smack you down for your transgression.

When I look around at people I know and have worked with who've made these mistakes, they, too, have usually lost money.

I know one guy who has lost money for three years running who spends his weekends watching the talking heads on financial television. By Sunday evening, he's so confused that he doesn't know where to turn. Recently, I watched one of the weekend talk shows for a few minutes at SeaTac International Airport between flights -- and I could almost feel the paralysis start to set in.

I know a woman who skips from advisor to advisor, managing to lose money with each one of them -- and she can't figure out why. I know more people than I care to count who trade by the seat of their pants or on a hunch or based on a tip that they read or heard about in the financial media. Frankly, they'd have about the same odds of winning and a lot more fun if they went to Las Vegas instead.

The bottom line is this: Trading and investing in our current climate is tough. Like the old saying goes, "Trading isn't rocket science, it's harder."

You can be like the herd, the "sheepies" who have fled to the bond market and are in the process of creating another bubble there. Or you can be different, a contrarian, and deploy a professional, unemotional trading plan that can take advantage of today's unique opportunities.

The choice is yours.