Trading the Philippine Stock Market

[rescyth]

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Imageshack - dji2.png

That's my chart. I trade na wala jd indicator, mugamit lng ko sometime ug trendline if naay sign na revesal (price action/PA) but in this case I use 3 to illustrate how I see a chart. Trading is simple ra jd if you want it to be. It's either UP or down. Go with the trend jd, buy FUll or Double your position on retracement then buy half on breakouts. Retracements are the safest place to enter a trade and most profitable. Don't complicate trading, life is hard enough already... or maybe be an artist like this Imageshack - porex.png

i hope makatabang ni

[epgarias]

wow... nindot ni nga thread da. Mga bisdak nga traders...hehe
Bag.o2 pasd ko aning stocks, I usually practice sa virtual tycoon sa citisec (https://www.citiseconline.com/citise...n/Frame/VT.asp). Sa mga beginners like me, if you want you can try ana but I think lahi rajd tong actual. Daghan pakog dapat kat.onon, mahal2 rabang initial investment..hehe..
Good to know naa diay mga bigatin nga bisdak trader nga naa dris forum..

You guys do offshore trading? Like US market? Which is good, do an offshore or dri lng sa atong PSE?

jeanz, you can open an EIP account sa Citiseconline for as low as P5,000. Regular non EIP account is at P25,000.

For my case, I am only investing/trading the Philippine Stock Market.
Para sa koa I prefer our local market because of our timezone. Usually ang US market will be open sa gabii mga around 9PM until dawn sa atoa. Which maglisod jud ko ug monitor kay tulog ta ana na time. Unlike sa local market na ang schedule kay 9:00AM to 12:10 Noon. Then 9:00-9:30 is the pre-market time, and the 12:00-12:10 is the post market (wrap-up) time.

Unless siguro if your more into investing na pwede ra nimo e hold and monitor lang from time to time imo mga stocks. Then my group TrulyRichClub is more into local market investing.

[epgarias]

Imageshack - dji2.png

That's my chart. I trade na wala jd indicator, mugamit lng ko sometime ug trendline if naay sign na revesal (price action/PA) but in this case I use 3 to illustrate how I see a chart. Trading is simple ra jd if you want it to be. It's either UP or down. Go with the trend jd, buy FUll or Double your position on retracement then buy half on breakouts. Retracements are the safest place to enter a trade and most profitable. Don't complicate trading, life is hard enough already... or maybe be an artist like this Imageshack - porex.png

i hope makatabang ni

Nice one rescyth.. Totally agreed with you.. Especially on the part about retracements. This is where swing traders like me make huge profits. We never chase a stock who went up significantly coz the tendency is it will retrace or much worse mubagsak na ang price coz of profit taking by those traders nga duna na earnings and maipit lang ta taas. Exception ani are those blue chip stocks with very good fundamentals such as AP, AEV, JGS, DMC, and URC nga pwede ra nato e hold for they are strongly trending up.

[jeanz]

jeanz, you can open an EIP account sa Citiseconline for as low as P5,000. Regular non EIP account is at P25,000.

For my case, I am only investing/trading the Philippine Stock Market.
Para sa koa I prefer our local market because of our timezone. Usually ang US market will be open sa gabii mga around 9PM until dawn sa atoa. Which maglisod jud ko ug monitor kay tulog ta ana na time. Unlike sa local market na ang schedule kay 9:00AM to 12:10 Noon. Then 9:00-9:30 is the pre-market time, and the 12:00-12:10 is the post market (wrap-up) time.

Unless siguro if your more into investing na pwede ra nimo e hold and monitor lang from time to time imo mga stocks. Then my group TrulyRichClub is more into local market investing.

Thanks for the advice epgarias!

I've read sa ila EIP sa Citisec, nice! M.hatag pa silag advice to which stocks ang naay potential for growth and its up to you if you'll take their advice. And best of all 5K ra starting. But, cost averaging lng nuon ila advice. I'm not sure lng nuon if pwde bka k.buy ug other stocks nga wala nila g.advice.

In my opinion nice man sd nang cost-averaging especially sa mga busy nga taw, your money can still grow but not that much compared sa mag trading jd ka regularly - dako lng nuon risk.

Mga bro, I've noticed naay mga specialized nga charts inyu g.pang post. Naa bana bayad? And I think sa mga charting kai US stocks ila g.dala, so inyu pa i.integrate sa atong PSE?

[barloval]

bai epgarias....pwede mag eb pud ta dire bai...like katong sa financemanila ba....ikaw nya organize bai if pwede...para magkahimamat pud tang mga hilig sa stock trading...

[epgarias]

Thanks for the advice epgarias!

I've read sa ila EIP sa Citisec, nice! M.hatag pa silag advice to which stocks ang naay potential for growth and its up to you if you'll take their advice. And best of all 5K ra starting. But, cost averaging lng nuon ila advice. I'm not sure lng nuon if pwde bka k.buy ug other stocks nga wala nila g.advice.

In my opinion nice man sd nang cost-averaging especially sa mga busy nga taw, your money can still grow but not that much compared sa mag trading jd ka regularly - dako lng nuon risk.

Mga bro, I've noticed naay mga specialized nga charts inyu g.pang post. Naa bana bayad? And I think sa mga charting kai US stocks ila g.dala, so inyu pa i.integrate sa atong PSE?

Regarding on buying stocks na wala nila gi advise kay pwede ra ayo ka makapalit as long as you have enough capital to buy those other stocks.

Regarding sa trading, this is not for everyone. Risk can be minimize if you know how and it will take some practice and experience aron masuccessful ka sa trading. Unlike sa investing which is far more easier, imo lang ibutang imo money sa mga stocks with high potential growth as provided by citiseconline.

Most charting software aron mafully utilized nimo ila features kay duna jud bayad. Pero worth it ra pud ayo imo money. Pero if citiseconline user ka dili naka necessary to have a charting software kay provided nani sa ilaha site. Naa sila integrated na charting software na ready na nimo magamit. Pag open lang ug trial account aron makita nimo ang inside sa ilaha site.

For my case since ganahan man jud ko to have more features sa koa charting. Nipalit ko ug amibroker sa AmiBroker - Technical Analysis Software. Charting, Backtesting, Scanning of stocks, futures, mutual funds, forex (currencies). Alerts. Free quotes.. Then ga use ko ug PSEGet from this site: Yeahbah! - Downloads to integrate local stocks sa charting software.

[ya]

nindot ni na thread da. I have some questions:

About technical indicators:
Unsa inyo technical indicators gamit? Is Fibonacci retracement accurate? or MACD, Stoch?

About entry/exit:
What's your strategy?

You guys day traders, range or swing?

Let's keep the ball rolling, and make money work for us...

[rescyth]

Nice one rescyth.. Totally agreed with you.. Especially on the part about retracements. This is where swing traders like me make huge profits. We never chase a stock who went up significantly coz the tendency is it will retrace or much worse mubagsak na ang price coz of profit taking by those traders nga duna na earnings and maipit lang ta taas. Exception ani are those blue chip stocks with very good fundamentals such as AP, AEV, JGS, DMC, and URC nga pwede ra nato e hold for they are strongly trending up.

I got a different account for swing trading ug portfolio na pang long term para d ko malibug na mabaligya lng kalit. I swing trade using options (basic buy call and put) para leverage, ug kansi ta if mag swing trade then mag margin kay mahal bayad sa interest vs time decay sa contract. Then as for my portfolio, I average it in every dips and 1/2 position every breakout and pretty much work out great compare to fix positioning buying.

[epgarias]

I got a different account for swing trading ug portfolio na pang long term para d ko malibug na mabaligya lng kalit. I swing trade using options (basic buy call and put) para leverage, ug kansi ta if mag swing trade then mag margin kay mahal bayad sa interest vs time decay sa contract. Then as for my portfolio, I average it in every dips and 1/2 position every breakout and pretty much work out great compare to fix positioning buying.

I see. Never tried investing into options and dili ko familiar with regards to the ruling sa options trading. I'm more into equities/stocks diri sa Philippines. Anyway, either were playing into options, equities, or forex market. Technical analysis applies to all of them. Kinsa imo broker sa stock options?

For those who are not familiar lahi2x diay ni sila three. Options trading kay i think buying/selling rights on a company. Sakto ba ko rescyth? not that familiar with options.. Then for equities kay mao ni buying/selling some shares of the company. Then forex is for foreign exchange of once currency/money to another currency.

[epgarias]

nindot ni na thread da. I have some questions:

About technical indicators:
Unsa inyo technical indicators gamit? Is Fibonacci retracement accurate? or MACD, Stoch?

About entry/exit:
What's your strategy?

You guys day traders, range or swing?

Let's keep the ball rolling, and make money work for us...

Number one ruling nako for my trading system is to keep it simple to avoid confusion sa atoa analysis. Three most common technical indicators na mostly ginagamit sa mga traders are the MACD, RSI, and Stochastic.

MACD is a lagging indicator na usually ginagamit lang ni nako as confirmation sa current trend sa market. Gamit lang ni siya if the stock is trending. Never use ni siya sa stocks nga moving sideways kay it will generate many false signals.

RSI and Stochastic are oscillators or leading indicators that are very useful when ang isa ka stock is moving sideways. Do not use this on trending stocks kay it can produce whipsaws.

Fibonacci Retracement for me is good only for determining possible support and resistance levels sa isa ka stock.

I'm a swing trader, I usually enter stocks sa ilaha support area and I make sure that they are either in retracement/consolidation. I only buy the top performing or blue chip stocks. Exit criteria is similar to vondave. I make sure that my reward to risk ratio is at least 2:1, much better if kita ko stocks with 3:1 ratio.

Murag nagkadaghan na ang mga readers sa kani na thread. If we can create a group where we can discuss our stocks picks and analysis then the better. Actually I'm trying to look for one or create one but its hard to find people who are into stock trading.