“I’m a breakout trader” Äko bounce lang tinitrade ko” Äko pullback expert” “reversal lang gusto ko”
Ok please wag kayo magalit sa mga sasabihin ko. First of all nasa PSE tayo. Problema talaga liquidity dito kasi di interested mga foreign sa emerging markets like ours.
I hear traders often say na ganito or ganyan specialty niya. If you plan to trade for a living, it will be very very hard for you if you confned sa isang strategy. I know i know meron mga guru na nagpupush na maging specialized trader kayo. Pero listen. I will not talk about my experience. Lets talk about yours. From January to April… ilang successful breakout na nangyare? ilang successful reversal na nangyare? You could say 5 or 6..maybe less. So if you plan to have a steady income month in and month out you can’t rely on having one specialty sa trading. I know some old traders na iisa lang ang specialty or iisa lang na set up tinitrade but they have businesses at they don’t rely sa trading as their source of income plus they don’t even spend so much time sa trading. Breakout traders only look at the market kapag bullish sya. Rest of the year naka focus sila sa kani kaniyang business nila.
You may not have figured this out yet but momentum at breakout traders don’t do well sa market condition natin ngayon. You can observe that by the less amount of port gain post na nakikita nyo out from them.
If you want to have a single strategy na e master ninyo that is okey pero if you want to earn a living sa pagtrade try to have different strategy sa iba ibang market condition. Dito sa Trader’s Lounge i provided you with strategy or tools sa pagdeal sa iba ibang condition ng market o ng stock. You are all free to use or modify it. Gift ko yan sa mga members here.
Stock trading is not really about you or me. Market has its own movement. Product ng mga galaw ng mga buyers at sellers esp those with huge money. I remember myself trying to beat the market long time ago. I was so naive na its funny. You can never beat the market kasi its the market. Analogy siguro na best is if you are playing badminton. You can beat ur opponent but you can never beat badminton. Im not sure if clear. Its like this. bumili ka ng PXP kunyare dati at umangat. Yung index at that time eh bagsak. Did you beat the market?NOPE. PXP is part of that market you are trying to beat.
Ok, i know parang lumayo. I’m literally typing this lesson as im thinking it kasi nga nasa bakasyon ako.
To sum up try to understand the market more. Try to learn different movement ng stock. Para kahit walang breakout or walang bounce eh may laban pa rin kayo sa trading.
I will never tell u na maging expert like maging breakout trader lang na alam ko na halos 15% lang ng mga breakouts ang successful.
I apologize if marami kayong mga natutunan sa iba na kinocorrect ko. I want to be real kasi and tell you how are things dito sa stock market sa Pilipinas… Thank you.