Stock in focus: Meralco

**lazyfoot** · August 31st, 2010 03:32 PM

tidus you trade for a living?
CVT, i prefer not to watch any news since it affects my mindset.

**threx666** · August 31st, 2010 04:20 PM

sir Tidus,

is it possible if you can share some links or books on how to do stocks trading?

i am a newboie on this kind of thing but eager to learn , on local stocks po ba any recommendations?

usually po ba if long term ang plan ko sa money like maybe mga 1 year or more , maganda ba pag invest ko sa stocks?or time deposit na lang?

**safeorigin** · August 31st, 2010 09:47 PM

if you want free ebooks on economics, go to mises.org

if you wanna be a REALLY good trader, read the books of George Soros

generally, if you invest on stocks it's sort of a gamble to be honest. If you like an in-between approach, try mutual funds.

by news and trends, it doesn't really refer to our dysfunctional local media but to interweb media. from that, make an "analysis", speculate then decide the fate of your investment.

locally, it's more of long term investments since there's not much intervention and drama around. When you get to the US, well... it's really more of a casino there

**tidus1203** · September 1st, 2010 11:31 PM

Originally Posted by lazyfoot

tidus you trade for a living?

Partially. I still have businesses, pero I do trade also to compliment my earnings...

Making money in fact is not my motive for trading, I am having fun with it... Basta iomportante talaga sa lahat risk management. Ok lang matalo, basta wag masunog! Wag kayo maniwala sa BUY AND HOLD. Kalokohan yun! Dapat meron kayong PRE-DETERMINED (even before you make the trade dapat alam mo na) exit points either to cash in on profits or to stop the bleeding and cut your losses...

I know mahirap din, pero taking away emotions in trading will increase your chances of success. Dapat parang robot!

**tidus1203** · September 1st, 2010 11:39 PM

Originally Posted by threx666

sir Tidus,

is it possible if you can share some links or books on how to do stocks trading?

i am a newboie on this kind of thing but eager to learn , on local stocks po ba any recommendations?

usually po ba if long term ang plan ko sa money like maybe mga 1 year or more , maganda ba pag invest ko sa stocks?or time deposit na lang?

There is for me only the BIBLE OF TRADING (at least for me) and that is John J. Murphy's Technical Analysis of the Financial Markets. Its my opinion that even just reading this one book and a lot of practice and dedication one can already make money in the markets. In fact I have a copy in my bookshelf!

You can get it from Amazon, not sure kung meron locally. SULIT FOR EVERY DOLLAR YOU PAID FOR THE BOOK! Another book that IMO teaches more into the psychological side of trading is TRADING FOR A LIVING by Dr. Alexander Elder. I have it in audiobook...

Sorry I have not traded local stocks for I think 3 years na ata... Puro US stocks lang ako, commodities future contracts and FOREX. I use to trade Hong Kong pero sinara ko na account ko dun. Focus na ako sa US, commodities and FOREX.

1 year investment? Depende sa trend! Pero I don't believe in time frames when trading na it has to be 1 year or 6 months or 2 years etc etc. I only believe in price points. Meaning, basta tumama sa $100 benta na, pag bumagsak to $85 cut loss na etc etc. That is where technical trading will help you.

**lazyfoot** · September 2nd, 2010 05:15 PM

Agree, John Murphy's book is a must for any trader. I have a day job but i trade on the side, so far it has been giving me great returns on up market and still respectible returns on down markets. Stock trading is always a learning experience and is also fun as long as you follow certain rules and you don't follow your emotions.

**tidus1203** · September 2nd, 2010 05:45 PM

You guys should try trading US stocks once nag graduate na kayo sa local stocks... First the liquidity is very ample, unlike sa local stocks where trading is slow... And also you can short stocks in the US so you can take advantage of down moves...

**lazyfoot** · September 2nd, 2010 06:10 PM

tidus, who's your broker/info provider for US stocks. yeah, the 5 week range up down cycle of the local stock is quite slow, i'm also interested in trying foreign stocks too.

**tidus1203** · September 2nd, 2010 06:25 PM

TD Ameritrade bro.. (www.tdameritrade.com)

Actually I have been with them when Ameritrade pa sila and have not yet merged with Toronto Dominion... 2005 ata yun ako nag-start.

Very reliable broker. Walang downtime! Efficient sobra and executions!