Trading the Philippine Stock Market

[mckoy_slipstream]

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If mag cost averaging me, unsa nindot na stocks paliton? I think aftr all cnsideration, il get first metro as my online broker.

[jeanz]

Wala unta ka nisulod sa SFI bro coz that's what they called catching a falling knife. But anyway, maayo nalang that you have cut your losses short.

Regarding URC kay same ta naa sad ko ani niya. I bought it also last friday.
Check out my blog nalang for the reason why i bought it.

Here is the link: Trader's Academy

Lage, sayup au tong SFI sir EP - mao raba ning isa sa akung mga first trades..hahah.. samad2 jud..
at least ang AP murag pasaka and JFC sd murag nindot pa i.hold kai murag ni build ug new base.
Ang URC sah, kai wala ka-naog jd sa iya support, priha tag g.bantayan ani.. Di pa au ko maayug mata aning mga trends, just starting pa..hehe.. Nabiktima gani ko's SFI..haha.
I think ang bantayan aning SFI kai iyang support around 0.22...
Ang SLI sd bro ni layat, ga hilum2 lng.., nindot pa ba ni sudlon mga ing.ani nga style?

Murag guba lage ila off-line orders run tungod sa ilang mga changes. Sa NTS, naa na diay cut-loss option? kai murag sa old trading system, wala mai ing.ana..

[jeanz]

If mag cost averaging me, unsa nindot na stocks paliton? I think aftr all cnsideration, il get first metro as my online broker.

Sa aku nahibawan bro, naay mga suggestion ang citiseconline kung ing.ani nga style of investing imuha. Naa silay g.tawag nga EIP, nga you can program kung how often and how much imu i.invest. Naa silay mga suggestion nga stocks sd - I THINK, based on fundamentals, which is pang long-term jud.. Mu e-mail ang system nimu but naa ra nimu if imu ba tumanon, no fees for not following it. Another thing sd kai minimum of 5K ra imu starting ani..
Nawa gani ni nga video ai:
YouTube - COL-EIP Startup Guide!

[epgarias]

boss.. whats your opinion about BPI?

Nindot pud ni si BPI.. This is a buy for long term.. Isa pud ni sa mga EIP na recommended sa citiseconline.. I think musaka ni siya ugma coz of good earnings report.

[epgarias]

Lage, sayup au tong SFI sir EP - mao raba ning isa sa akung mga first trades..hahah.. samad2 jud..
at least ang AP murag pasaka and JFC sd murag nindot pa i.hold kai murag ni build ug new base.
Ang URC sah, kai wala ka-naog jd sa iya support, priha tag g.bantayan ani.. Di pa au ko maayug mata aning mga trends, just starting pa..hehe.. Nabiktima gani ko's SFI..haha.
I think ang bantayan aning SFI kai iyang support around 0.22...
Ang SLI sd bro ni layat, ga hilum2 lng.., nindot pa ba ni sudlon mga ing.ani nga style?

Murag guba lage ila off-line orders run tungod sa ilang mga changes. Sa NTS, naa na diay cut-loss option? kai murag sa old trading system, wala mai ing.ana..

I will not enter SLI sa iyaha current situation kay toppish na siya.. Don't want maipit lang ko sa itaas.. Will wait for consolidation.. Besides I would rather stick to the top performing blue chips na mga stocks to be more safer..

[jeanz]

I will not enter SLI sa iyaha current situation kay toppish na siya.. Don't want maipit lang ko sa itaas.. Will wait for consolidation.. Besides I would rather stick to the top performing blue chips na mga stocks to be more safer..

Sakto sd sah, mao ni iyang high for more than a year., big chance mu correct pa xa. This is somewhat dako jd nga risk f m.sakay pa.. Basig priha ni mahitabo sa SOC, saka, with volume, then nawala rasad, balik sd naog.. Murag naay institutional buying...
Safe and sound sd if dd2 rka mag sakay2 sa mga blue chips companies, besides nindot na silag fundamentals..hehe
Thanks for d advice sir EP..

[epgarias]

Sakto sd sah, mao ni iyang high for more than a year., big chance mu correct pa xa. This is somewhat dako jd nga risk f m.sakay pa.. Basig priha ni mahitabo sa SOC, saka, with volume, then nawala rasad, balik sd naog.. Murag naay institutional buying...
Safe and sound sd if dd2 rka mag sakay2 sa mga blue chips companies, besides nindot na silag fundamentals..hehe
Thanks for d advice sir EP..

Your welcome bai.. I can sense naa jud ka some trading knowledge on the way you answer.. How long have you been trading?

[MoD]

@epgarias - ako gi baligya gahapon akong BPI bro.. hehe.. cge man gud ka lugi.. hadlok ko basin samot mu ubos.. then after seeing the reports from COL last night sa youtube through their 7 day demo.. murag nagmahay ko kay pang long term daw na investment.. hihi.. anyways , maayo gani FICTIONAL pa ang kwarta gamit nako run.. atleast naa nko idea gamay.. lamat nimo boss..

question:

angay ba mag invest long term investment then at the same time naa pud ka stocks na pang swing trading? or pang daily/weekly baligya? in your situation now.. gi unsa nimo pag invest tanan imo wawart sir if it is ok to share here? TIA

[jeanz]

Your welcome bai.. I can sense naa jud ka some trading knowledge on the way you answer.. How long have you been trading?

haha tnx..
Sa actual jud nga trading last week pa tawn ko nag start, na timingan lage pag migrate nila's NTS...haha.. pro nag basa2 nasd ko'g mga materials online. Once nga kita ko ani nga blog, na ganahan nko m.proceed kai at least naa tay ka-share-an bah..
Before sd tig duwa kog virtual tycoon sa citisec pro di man to technical approach aku, mata2 rato, di to mu count..heheh..

murag offline ang site sa citisec run ai..

Mga bro, what can u say about sa ila NTS?

[vondave]

mga bro,
Got my first tuition fee sa SFI...
Enter ko 0.25 pag july 28. Sa dihang ni lapas sa iyang support ug ni naog. Ambot lng kaha'g sakto bato akung g.himu nga support.. Baligya nlng nkog 0.225, ingun pa nila cut your losses short.. Murag di nana xa short.
Sayop to aku entry da..
tsk.tsk.tsk..
Naka sud sd kog URC pag friday at closing price, unsay tanaw ninyu ani mga bro?

Thanks!

Jeanz, you got the right idea na man bro. Cutting your losses is the most important skill to winning in the stock market. The problem lang is that you may have set your cutloss level too close to your entry point. But if that was exactly the maximum amount of risk you wanted to take, then you did right. Di ba they say, plan your trade, and trade your plan. If you followed your plan to the letter, then that's great. You lost in the trade but that's normal. You don't win it all. Move on to the next trade na lang. If in many of your future trades, your cutloss level is often touched and later the stock proceeds to go up, then try setting cutloss level further down from the support level.

The lessons you can take away from this trade are:

1. I think you chose right in terms of general chart features for the stock because, looking at it myself, I can see that it has a strong, clearly defined upward trend, and it recently went down and was very near the support levels of the trend when you bought it. Well done.

2. I suspect you bought your stock early in the day. Maybe before 10am. Am I right? Before buying a stock at or near support levels, it might be a better idea to wait first for strong signs that the support is respected. The stock should bounce on support or at least stay there and not go under it. If it bounces, buy it right away because that usually signals the support is strong. In this case though, it fell further down. That it did should have told you that support was weak and therefore might not have been a good stock to buy, at least not yet. It might be a good idea to buy a stock in the later hours of the trading day after much of the stock's movement has played out. That way, you read the trend better.

3. Yesterday, the price seemed to hold at .23 which seems to signal it has reached its true support level. Today, the stock opened higher but gradually went down although it ended higher than yesterday's closing price. Volume wasn't strong so it's a weak rise. If it shows more conviction tomorrow, then it might be a good buy. Of course you could just decide to not wait for the clear bounce and buy it right away, but most technicians prefer to buy on a confirmed bounce. What you do is up to you. No hard and fast rule here.

You can still decide to buy this stock as long as you set a good cutloss level. It certainly looks to me like it has a good swing trade potential.

Good luck bro and hope that helps.