Second Stock Trade: $BRN

So much for my beginner's luck which is also miniscule compared to other traders who earn above 8% before exiting the trade. I experienced my first and not my last defeat when I traded $BRN. I bought 1000 shares of the latter at 1.22 last August 31, 2017 when after a long downtrend, the price opened above the previous close.

I did this despite the indicators telling me not to do so. What could go wrong right? 

Using my RSI, MACD and Moving averages I could see that it's still on a downtrend. the only positive thing that I could see is the RSI that is almost at the bottom, and as the indicators are telling me, I lost. I sold $BRN at 1.19. That folks is how I lost 58.53 in two days. Using my panic selling no jutsu.

First Stock Trade: $IMI

The very first trade that I did with my plankton-level port of Php 6,000.00 is to buy 200 shares of IMI for 14.74 last August 25, 2017.

During that time I was using the following setup in my trading: RSI, SMA 20, EMA 13, MACD.

I know during that time that the MACD has already converged and the rally has already started, but I was waiting for the activation of my account in Philstocks and I was not able to enter during the convergence of the MACD. 

My trading technique during that time was that bullish convergence of my MACD (12,26), an RSI of not over 70 and the SMA 20 below the  EMA 13. I was targeting a short-term bullish trend. I exited my trade at 15.3 yielding P 73.84 profit after fees. Not so great considering that I panicked when the price dropped for a day I sold everything the next day. As of writing this post IMI is already closed at 19.90. I could have gained P 900.00 pesos more or less.

My very first trade was scary, my hands were cold when I pressed the buy order button. I was constantly checking IMI to see if my trade is doing well.

Starting my trading journey

Step 1 to Stock Market a.k.a. (Burning Money)

When I was reviewing for the 2016 bar exams, I was hooked into the concept of trading in the stock market. Also, this the the sole reason why it took me 4 weeks to finish my Merchantile Law review. I was able to read ebooks and watch youtube videos on how to invest in the Philippine Stock Exchange. I was able to read about the famed "Peso-Cost Averaging" and technical and fundamental analysis. As one of the (still) newbie to the stock market, I was introduced after a series of videos to the COL Financial trading platform, but was still skeptical if that was the platform for me. 

Fast forward to 2017 after I passed the bar, (yay!) I then again tried to learn the tricks of the trade. Thanks to "Investagrams" I was able to do paper trading and blow up my port from 100,000.00 to 87,000.00 in a span of 1 month. Because of Investagrams I was able to apply certain trading techniques an understand how the market works (work-in-progess) and how it doesn't work in my favor.

August came and was finally decided to open my account. After researching other trading platforms I decided to go with Philstocks because first, the minimum amount required is P 5,000.00 and second, the mobile app is cool.

So that's how I started my trading journey.