$MCP Barat Bid

Yung di na pinansin ni MCP yung GTC Buy Order mo. Hahaha.

The First Rebirth

IMP Ipit Mode / Investor Mode

 

It was December 7, 2016 when I finally sold IMP at -42.79 loss leaving my port damaged down to  75% of my total capital.

It is not my first time to cut my losing trades. But this is one of the biggest cut I had during my first year in the market. I had my cut loss but I always tend to make exemptions. I adjusted it more and more. Then the time comes when it was to big for me to cut.  Hoping that it may still go back to a price that can make my position break-even or even gain some more. I waited for a month, then two and then comes the last month of the year when I realized that I finally need to let go.

I have made so many mistakes in just months of trading. I need to let go. I need to move on.

I said to myself that before the year ends I will push the reset button and also reset my trading log for all the bad memories that I had. I will not think of the hard earned money that I loss. That I will do my best to protect my capital and make it grow bigger. Then to my surprise, hitting that reset button work wonders to my port.

Here is the summary of what transpired during the first week of 2017.

Port Snap January 4, 2017

Port Snap January 5, 2017

Port Snap January 6, 2017

Love, Hate and Luck

What transpired during the month of August to September 2016

 See that 50% on August 25, 2016?

The stock opened and closed in that same spot the whole day.

Can't really remember what was the specific event when this stock made people cry, hope, laugh and be awesome.

All I know is. I joined the hyping, bashing and stalking of the most hated and equally most love stock of the year.

Haven't able to do port snap nor put too much details on my trading log. I don't even take notes of what did I see in the stock. But this is also the time I keep lurking in forums and social media in order to have some of those juicy disclosures, news, or even rumors.

Yes, I lose some, I won big. BUT still something is missing.

There is no learning. There is no reason. Only Luck.

If you will ask me what kind of 'Trader' I was back then. I will be like this guy.

A Luck Build Assassin.

Yeah. I may have able to live then. But I may also have ended like this guy....

Resu Please!!!!!!

So before that happens I needed to accept that I can be lucky most of the time but only one wrong move and I may end up like that guy.

To end up the story about the luckiest part of my trading life. Let me share this to you.

My Story of Pagiging Marupok

Let me tell you about my story about the girl I adored (more of I am seduced. lol) last year named - ARA. One of the stocks that broke my heart.

This trade happened right after the so-called 'AuGHOST' month. When almost all of my stock turned bloody red. A girl named ARA showed up and promised that I will have a better future with her. She said that I should forget about the past month. "Blame it to the Chinese for being so superstitious about August", she said.

A famous guru in finance manila forum posted in his lair that ARA will take a peek at 3.00 (a nip slip). I just ignored that at first. But seeing that it is at more than 3.00 and almost going to 4.00, I joined the crowd and got enticed to ARA's alluring body. Those that fell under her spell said all the good things about her. That she will benefit from the current administration's promise to fasten the construction of various government infrastructure projects and promise to lessen the traffic around the metro.

It was September 1, 2016 when I made my first move to court ARA and it felt so good because I almost bought her at her low. It felt so great that I was able to catch her when someone let her go. The next day, ARA bounced. I added some more attention to her. I chase her wherever she goes. I just bought her with all the money that was left in my pocket only to end up at loss at the end of the day. I didn't lose hope. I was so excited to see her after the weekends. I used whatever was left on my savings and said to myself that she will bounce again. I look at her almost everyday waiting for her promise to get fulfilled. I waited for a month but the promise was not fulfilled.

Naakit. Umasa. Nabigo.

Realized ARA with -37.67%. Port Damage around 7%.

I just realized that I did not know her to well. She was just introduced to me. I should have made some more effort in getting to her first before putting so much attention to her. I was enticed by her beauty that I forgot to think straight. I said to myself that I would never be seduced with ARA again.

Emotion Log: 01

A week ago,I just received a news that only 5 employees  (out of more than 30) will be promoted from SA1 to SA2.


Anger.
 I envied them and then I felt angry to those people behind in the selection process. I should be happy because some of my friends were included on the list. I take a deep breath and try to erase. And just say to myself the I will get a shot someday or maybe this year.

Sorrow.
Felt that I did not really deserved to be promoted. And thought that maybe that's the reason they were more qualified than myself.

Pride.
Said to myself that I will not aspire to be promoted anymore. I don't want that position. I don't want more responsibility. I can earn more if I just focused in trading. Maybe I am saying those things just to feed my pride.

I wanted to quit my job. I wanted to be appreciated more. I want to earn more.
But first I need to learn more. And be consistent in my trading.

Entered to stasis.
Result: Just work hard for the purpose of serving the country and myself. Time will come that I will also be promoted. Just do your best.

So even in real life or in trading. Always remember this.

“Don’t make any decisions when you’re emotional.”

A Battle with my Inner Demons

 "Knowing yourself is the beginning of Wisdom"

- Aristotle

With that in my mind. I needed to dive further into the abyss called MYSELF.

Know thy weakness.

Hope – I still remember the day where I was eagerly waiting for a disclosure in pse edge, rumors from finance manila and any kind of news in trading related page in facebook. Knowing the disclosure did help me once but it added more damage in my portfolio. Hope is also the culprit when I held on too long on my gaining trades because my pick is the same with the “Guru” I was following in finance manila. When I realized that those disclosures, news, and rumors are one of the culprits why my portfolio is getting smaller, I decided to lessen the noise by not opening those sites most of the time. 

Fear – I experienced this kind of emotion every time I see a stocks that is doing very well like closing at ceiling. I always wanted to enter that trade cause in my mind it will continuously go up. And guess what, it did go up but most of the time it didn’t and I ended up selling it at the bottom before bouncing up or sleep in consolidation. How did I challenged fear? Entering set up that I am confident with and not listening to the fear that I might missed out the plays that Ms. Market is using as a bait to consume my gains and even my hard earned initial capital.

 Anger – Did I ever got angry during past trades? Why should I? I mean, who to blame right? But little did I know that I am angry without even knowing that I am. Just realized that if I am not angry why would I want to avenge the thing that I loss. ‘Makakabawi din ako’ – the phrase that my mind always say when I lose big and gain small. To my mind I just need to repeat the things that I did in my previous winning trade and enter with a bigger position. But after having a bigger position, a winning trade ended up breakeven or even worse – ended up with a big loss. How did I ease my mind not to get angry? Well, I sell my losing trades and focus on the one that is gaining according to my bias. 

Sorrow – Felt this after I ended up giving Ms. Market a tuition fee equivalent to 25% of my portfolio. I was able to get out of that sorrow by talking to my wife about it. And her words is what kept me going to continue this love/hate relationship with Ms. Market.

Greed – I have an exit plan. I have a target price that was attained but ended up wanting more. Luckily, I ended up with a big gain but not too big if I just respect the target price that I set. What to do next time that greed knocks at my door again? Respect the target price and exit the trade according to plan. 

Pride – Feeling invulnerable after being right to play I tested and ended up going at it with too much confidence. When ‘Superman Syndrome’ have plagued my thinking, my gains were given back to the market with additional fees. How did I handle it when I feel that pride have taken over? Get out of the market and focus with my day job.

Know thy Strength.

Passion and Perseverance. Applying what works for me during school days as I realized after being humbled by Ms. Market that intelligence cannot be used in her territory. My only traits that I can use against her is passion and perseverance. The passion to learn more, earn more and give more; and the attitude to keep going and never give up no matter how many times I fall.

Plan of Action.

So going back reminiscing the past, Anger and Pride are the biggest threat to my mindset. If I haven’t knew boss ZF and other tribe members’ blog, I would have loss more of my capital. To counter this emotions, I will gladly use the following to combat my demons:

• Hope – Barricade oneself from the noise of the market.
•  Fear – Execute more paper trade, journalize and reflect on what had transpired.
• Anger – Cut mercilessly and move on. Enter into stasis or do something for one’s entertainment.
• Sorrow – Confess thy sorrow and focus on your inspiration.
• Greed – Respect the exit plan and never focus too much on an optimistic outcome.
• Pride – Be humble. Know thy limitation. Enter into stasis if needed.