I started as short
to medium term investor, my plan was to make a quick in the market. As a newbie
I searched the internet for something that is worthwhile reading and came
across the Truly Rich Club’s Strategic Averaging Method (SAM). That time I realized
that I can possibly gain quick money by using this method. So I read all the
things that I can read in COL financials’ investment and technical guide and
came across few good picks like FGEN, VLL and UBP. After two months, my FGEN
gave me a 20% gain which I bought using COL’s Buy Below Price recommendation. I
was astonished by it, I felt like I can be rich quick.
After that
‘monster’ gain, I read the investment guide religiously. And when a stock does
not behave according to their recommendation, I held on to it as I know that it
might a temporary breakdown because the stock is fundamentally good. I held on
to it and little did I know that the company’s revenue is projected to go down
because of a court decision. It did not bother me at first because I was able
to sell that losing stock for only 6% loss. I continue to trade more and have a
mindset that I can recover my loss in just a jiffy. And then a new stock came
to surface, a memorial related stock. After its debut it is up by 100% and I
hastily buy it hoping that it will still continue to rise. But right after I
bought it, the price dropped giving me a double digit percentage loss at the
end of the day.
Revenge trade
after revenge trade. I gain small and lose big. I wanted to recover the hard
earned money that I loss. I look for a trading group, forum, etc. I joined
financemanila, looking for rumors, advice, trading system and reading all the
news I can feed my mind almost every day. This event gave me gains. I feel that
I should always read what information I can get from that forum. Started my day
browsing the forum for possible recommendations. I became a trading addict. I
was glued to the ticker on my screen. I overtrade even without a concrete
trading system. I did have my cut loss point but my entry point strategy is
nil. I felt that I am doing alright because I have a cut loss plan if things go
wrong. But most of the time I didn’t obey that plan and I loss as high as 50%
of my position on a certain stocks.
I also became
a gambler. I speculated that things will happen to a particular stock. Some did
happen and gave me small gains but some did not happen and gave me a large
loss.
I also became a fundamentalist and wait for a blue chip stock to break down and buy it for a cheap price. Little did I know that the drop just started and I just bought it during the start of the baby bear market.
I failed to store snapshots of my portfolio last year but I have this journal that can summarize what have transpired since day one.
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| Trading Journal as of January 5, 2017 |
My trades
just started to have a system when I stumbled the link to zeefreaks blogs in
Tsupitero Facebook page. I read about what is technical trading and did gain
from it. Most of the time I did gain but did not really know what contributed
to that success even if I keep a trading journal since I started. I guess it is
pure luck.
Let me end my first blog with this....
"The minute you think of giving up, think of the reason why you held on so long."
- Etherious Natsu Dragneel (E.N.D.)
