Newbie Investing in Stock Market

[dvfortuna]

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Hi graz, where did you attend the technical analysis seminar? how much is the seminar?
Is it still available as of today? or when will be the next seminar.

Ive been trying yo learn technical analysis from online tutorial. I want to learn more about it.

For me, technical analysis is better than fundamental analysis. you can project when and where the money goes.

[graz]

absolutetraders will conduct seminar twice a year here in cebu, mostly on 1st and 4th quarter. Murag naa last March (Complete Schedule: March 6, 6pm to 10pm; March 7 - 9am to 5pm; March 8 - 9am to 2pm) Registration fee that time was 6,000. Will PM you the contact persons.

[dvfortuna]

Thanks graz, Ive replied to your PM.

[enoveso]

Hi guys.

I'm trading stocks using my current broker which is ATR Kim Eng. But I also plan to open an online account in CitisecOnline - Philippines Online Stockbroker ( Philippines Online Trading )

If you guys want a quick reference, try that site. On the main page, they have a link at the bottom for a free simulation trading account where you're given 1 million pesos virtual money to start with. Its the best way to learn, without the risk! The link is called virtual tycoon. hehe.

Also, as a sort of answer to a lot of the issues raised regarding the risk involved in securities trading, let me just say that there will always be risks whatever form of investing you take. In stocks however, the more you invest and the wider your portfolio, the lesser the risk is.

I can tell you one thing for sure though: don't expect your money to grow if you don't do anything with it.

[enoveso]

I am still a newbie on stock market, attended technical analysis seminar and believe me it really helps. I’ve made an online account a month after the seminar (that was December 2008 ). So far, so good. I’ve made 30% (as of March 2008 ) of my investment. I take control of my portfolio so there’s no one to blame but me. Every trade I’ve made is a lesson. Win or loss, learn from it.

Just like what happened recently, I bought EDC at 3.85 last 3/30, my target is 4.2 but it whoops up last week and my greed overturned, I decided not to sell it yesterday at OPEN price, I thought it might still goes up but when I checked at 12:30pm, close is at 3.80. From 4.45 closing last Thursday(4/ to 3.8 closing yesterday(4/13). That’s 9.21% fall in a matter of two-day-trade. To think, if I sold it yesterday, I almost reached my quota of 10% per month. So, that’s another lesson learned.

Graz, good for you, you're portfolio has grown already. Me, i'm still getting there. I got burned with my purchase of MEG at 3.30. It sank to .48. Now its slowly coming back and currently trades around .60. But even with my loss, I didn't lose the stomach for stocks and kept on buying. Now, its slowly paying off. I bought Metrobank (MBT) weeks ago for P21. The price went to P30 where I sold. Made a tidy profit (around 30%). If I waited another day, i would have made more. But like your experience, I'm learning not to be greedy. Take modest gains when you can. That's my approach now. All of my stock holdings have grown now except for megaworld, but even that is getting there.

My long term goal is to reach 13million+ by the time I retire. My projections seem solid and this year, at this early, I've already surpassed my target amount. Really exciting.

Graz, in terms of percentage, how much is your target per year to grow your portfolio? Mine is around 17%. Is that realistic? Conservative?

[wealthyhead]

if your afraid of creating mistakes and learning from them, keep your job and be an employee forever and invest in safe investments like mutual funds ..thats playing it safe..but i suggest play to win....

better yet, do both and learn more - diversify

[neil11]

better yet, do both and learn more - diversify

i agree with learning more..thats your greatest asset..ur learning...not ur money...but i dnt suggest diversifying..i suggest focus.. innovate and create a competetive edge..work hard, save money ,invest in mutual funds and diversify is the worst thing you can do..you might not agree with me but savers are losers starting the year 1971 because of the change in economic policy regarding the U.S dollar from turning into a money into currency, thanks to president nixon..the reason why U.S is suffering....and once U.S suffers, the whole world suffers..

[jabez_rmc]

whew..nice thread here...

im having a test account in pse, i cant really break the 1000000 barrier..hai..need to learn from the expert like you guyz..

[neil11]

according to analyst, stock exchange will increase dis year due to economic rebound..lets cross our fingers and hope..

[bry_quin]

If you venture into stock market with little or no idea of how it works, then be ready for an expensive learning experience. I suggest you try the PSE online game for free. Just a tip: buy 2 or 3 times lower than the actual price. Price tends to fluctuate during trading period. Do not rely on news or disclosure. Study the charts of the companies. Then you would most likely see a trend on which months they are high.