Lies
They all lied to you. Your guru, your broker even your mentor.
But today I will tell you the truth!
If I asked you what type of trader are you? You will probably say “i’m a day trader” ” im a swing trader” “im a position trader”. What type ba yung best? None!
Anong set up o style ninyo mag trade? Trend follower? Breakout trader? Bounce trader? Momentum trader? Reversal Artist? Buy on support, sell on resistance? Ano ba best? NONE!
It’s crazy how traders think na all they need to improve their trade is a good system or strategy to follow. Kahit sa mga seminars. They will teach you paano mgplot Fibo ret. Paano mag identify different support at resistance, etc. And you sit there thinking na kapag natuto ka nyan gaganda trades mo. NOPE.
Most new traders napunta sa trading dahil sa idea na it could be a way for an ordinary person to get super rich in a short period of time. “It’s just buying and selling of stocks. How hard can that be? You buy it cheap and sell it expensive, easy!”. The moment you magtrade ka na you will surprisingly find it hard to succeed. Why?
Una. Your schedule. Yung trading set up mo ba or style eh fit ba sa schedule mo? OFW ka. May time diffirence sa Pilipinas. Gumigising ka madaling araw para lang bantayan trades mo. Dun pa lang dami kana errors sa decision-making dahil sa lack of sleep eh.
Sa Pinas ka naman pero may trabaho ka. Di ka halos nakakasilip sa market. Yung binibili mo pa mga basura stocks (penny stocks) Mahilig ka pa mag scalp or mgbounce trade.
Next. Ugali mo. Even Pagload pa lang ng videos sa FB mo di mo na mahintay tapos mgpoposition trader ka. Kapag nasa resto ka antagal mo nga makapili ng food sa menu na oorderin then nagdadaytrade ka na split second mostly pgdedecide.
Third. Kakayahan sa pagmanage. Dalawang stock pa lang di mo na mabantayan tapos bibili ka ng mga nasa SAM table ni Bo. Dalawang chart pa lang tinitingnan mo same time nalilito kana tapos 10 stock laman port mo.
Fourth. Emotion. Tumataya ka sa loto. Automatic greedy ka na nun. Tapos bibili ka pa ng mga high flyer. Gusto mo pa ceiling plays. Ganun din sa fear. Di mo nga ma cutloss cutloss CHP mo na 10 average mo tapos bibili ka basura stocks like T kung saan galaw nya eh lipad tapos buhos.
Ito yung mga ilan sa importanteng bagay sa pagiging trader. Kilalanin nyo sarili nyo.
E bagay nyo trading style nyo sa schedule nyo. If near closing ka lang pwede sumilip sa market, find a strategy na it takes days bago gumalaw or find a stock na days bago gumalaw. Umiwas sa mga volatile. If dami ka naman time umiwas sa mga mababagal ksi maiinip ka lang at mgbebenta ng wala sa oras.
Kapag mainipin ka naman. E design mo system mo sa ganun. Dont plan to buy a stock at e keep for months ksi mgsstruggle ka lang. Laging mgtatalo pgiging mainipin mo at patience and eventually mgbebenta ka early only to find out na si phen nasa 2.5 na na dati sa time na binili mo eh nagrange lang sa 0.9 pesos. If mabagal ka naman mgdecide wag ka sa trades na split second decision needed. Iba-iba tayo kakayahan pagmanage ng stock.
Ako kilala ko self ko at max 3 lang kaya ko e handle na effective ako kaya never mo ako mkikita more than 3 hawak kahit anong ganda ng set up.
Yung emotion naman. If hirap ka mgcut wag ka sa basura. Kamikaze lang yung walang exit strategy. Sa seminar sabay sabay kayo tinuturu.an not knowing na iba iba kayo personality, schedule at estado sa buhay. Most important sa pagtrade e kilalanin nyo self nyo. Personality ninyo. Then designed your system or strategy based doon.
If you know your personality but can’t find a system or set up that is fit sa inyo. Come visit Trader’s Lounge sa facebook. We have weekly lessons there. We have strategies and set ups for day trading, swing trading and position trading. Trader’s Lounge is a facebook group with an advocacy to help traders for free.
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 Analysis, Fundamental Analysis and Market Psychology learning materials for free.
We also have weekly lessons over there. 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.
We also have a Youtube Channel wherein I myself discuss strategies and trading related topics.
Come join us. Let us push free learning.
4 Comments
diejay baste
Thank ms GK sana noon pa ako napadpad sa dito. Pero gaya ng sabi mo hindi nauubusan ng opportunity ang market. TDS here
Mako Solano
Thank you!
Shela
Thank you maam Gandakoh!
Ralph
This is for me one of the best blogs written by you po. Thank you!