ABS, GMA7 and Your Greed
CEASE-AND-DESIST ORDER
The government’s telecommunications commission issued ABS-CBN Corp. a cease-and-desist order one day after the media giant’s broadcast franchise, which is granted by Congress, expired.
PUBLIC/CELEBRITY REACTIONS
Before I proceed let me share with you some of the reactions some people/celebrities had regarding this issue.
I find the comments/reactions funny and sad at the same time. I wished most of them took time to understand our laws about franchises/licenses before they make a comment on the issue.
Let’s proceed.
The government’s telecommunications commission issued ABS-CBN Corp. a cease-and-desist order one day after the media giant’s broadcast franchise, which is granted by Congress, expired.
The news was delivered after trading hours so kanya knyang form ng opinion ang traders. Let me walk you through some of our interaction in our newly launched Trader’s Lounge Forum.
TRADER'S CONVERSATIONS
This is where our forum becomes useful kasi traders with more experienced can guide or advise newbies on how to approach certain scenarios. I, for one, made some comments as well.
You will often find me there sa forum guiding traders about trading.
WHAT WAS THE PROPER APPROACH?
Ok, at that time we know na ABS will be affected hard by the news. We also know na maraming traders want a piece of the action so instead pagsabihan sila na “uyy wag ka jan delikado” minabuti na lang namin na bigyan sila ng payo and make them understand the situation.
Greed ang only reason nagugustuhin mo makisali sa ABS trade. Wala ng ibang dahilan but greed. The thought of you trying to earn a quick buck.
GENIUS IDEA
“Bagsak si ABS nito bukas malamang aangat si GMA7”
If iniisip mo na ikaw lang nakafigure out niyan naku you are dead wrong! Lahat halos ganyan din asa isip.
TRADING DAY
Sa umaga nag announce na nagkaroon Trading Suspension ang ABS at ABSP
Trading Suspension will be lifted one day after.
Yung plan so trade it using fishball canceled since suspended.
AT OPENING
Pag open ng market nag ceiling agas ang GMA7.
I feel sorry sa mga traders na bumili at ceiling price which is 7.15 pesos.
WHAT WERE THEY THINKING?
What were they thinking? Zero reward with a lot of risk ang pagbili sa ceiling price at open. Look here:
If bumili ka sa 7.15 which is the ceiling price wala kang reward that day unless next day umangat ulit. All you have were risks.
You risk losing 50% plus tax/fees if bumalik ang price sa closing price kahapon at risk of losing 80%plus tax/fees if nag floor price siya which is -30% ng closing price kahapon.
THE VICTIMS
Yan yung mga bumili sa tuktok. They had more than 17% loss if naghold sila until now.
FORUM CONVO AT TRADING DAY
Here are our conversation sa forum during the day.
DAYTRADING GMA7
I did trade GMA7 but let me walk you through some important process. For video reference here is how traded this GMA7.
I was preparing to trade ABS the night before. I plan to let the selloff subside then make an entry using fishball. New event took place sa umaga kasi nagka trading suspension si ABS.
GMA7 caught my attention since nag open siya at ceiling price. I had been day trading for a while so I have some set-ups ready. I wanted to trade GMA7. I also know na its me being greedy is yung only reason bakit ko gusto eh trade si GMA7. Meaning lahat ng decision ko compromised na ng greed.
WHAT DO YOU DO WHEN YOU ARE GREEDY BUT YOU WANT TO TRADE?
REEEEEEEEEEEEDDDDUUUCCCCEEEE SIZE!!!
I had my buying power or my available buying power. Since alam ko na driven by greed itong trade na to I reduced my buying power to 20%. Meaning 80% ng intended ko na pera pang day trade hindi ko ginamit. In that case masunog man ako hindi siya masakit.
If nabasa ninyo blog ko or napanood ang video about day trading I always tell you na use 10% lang ng port ninyo if gusto ninyo mag day trade. I do believe that. So yung 10% na intended ko for day trade ay nireduced ko. I used 20% of that 10% para kung yung greed ko ay maging source na masunog ako, hindi masakit.
“Ma’am bakit mo ginawa yun?”
Hehe. Experience. Di ko na mabilang sunog na naranasan ko sa greedy trades.
I reduced my size. If magkalose man tolerable na. Hindi ako mafrefreeze if mahit exits ko.
I looked at the chart as the trade went on. Default day trade set up ko is Alma at 15 min time frame.
I did not like what I saw. Masyadong mabilis ang execution ng trades compared sa timeframe kaya I reduced.
Ginawa ko na 5 minutes.
Mabilis pa rin masyado. I reduced. Ginawa ko 3 min time frame.
Ok na sa 3 min time frame but nag reduce pa ak sa 1 minute time frame. It was just based sa observation ko sa galaw ng candles that time.
When ALMA that acted as resistance was broken I hit buy. Lipat sa sell order at abang sa chart. When ALMA as support got broken I hit sell.
Get in, get out. Punta withdrawal form at withdraw gains.
I created a forum to help traders especially sa mga important actual trades.
If TL FAMILY ko kayo at wala pa kayo sa loob ng forum natin I’m inviting you to come. It will be your edge compared sa ibang traders. I do trade for a living. Makikita ninyo ako parati na nagdidiscuss ng trades ko doon as it happens. I’m not an analyst, I’m a trader so habang nagtitrade ako usap usap tayo doon. I will give you inputs, advice at guide.
Join me sa TL Ph Forum.
If hindi ka naman TL Family I’m not inviting you to be there. You shouldn’t even be reading my blog post hehe.
If you want to learn more about stock trading join our Facebook Group called Trader’s Lounge.
Our advocacy is sharing ideas, experiences and, knowledge to traders for FREE. We offer free Technical/Fundamental Analysis and Market Psychology learning materials.
There are available weekly lessons inside. We created different trading strategies like MAMA which made a lot of traders profitable. Other trading strategies include FISHBALL, PAPA, CALMA and more. We want to offer OFW’s, Employees and all Filipino people a chance to learn without paying a cent.
Youtube Channel is also available where you can watch and listen to my discussions on strategies and trading related topics.
Come join us. Let us push free learning.
10 Comments
Elmer
Wow , simple lang but napaka-lupit….salamat po sa time na ginugol nyo pagse-share..God Bless..
bernie zobel
tnx po
Barkley
Booom.
Lester
Thanks sa inputs maam. Maka inspire talaga mga tinutoro mo. 🙂
Carding See sun
Thanks and nice execution of trade Mam Ganda Koh.
Roger
Expected ko na temporary lang ceiling ng GMA7 that day kaya hindi ako gumalaw.
Kashmira Barataman
Thanks Maam GandaKoh!
Bakit nyu po winiwithdraw agad ung gains?
baijohn
Jimson
Amazing! Nung nanood ako sa YT channel yung second napanood ko is yung day trading section or video. First is tabula rasa. Natandaan ko talaga na if mag day trade ay hindi 100% talaga ilalaban. Para if mag loss man ay hindi talaga gaanong masakit than 10% . Thanks Ganda koh.
Fightress33
Thanks a lot for this mam GK.. learning a lot