Last January 3 and 4 of 2018, I bought 1,000 shares at 0.96 and 5,000 shares at 0.98 prices respectively. I was waiting for this day, January 8, 2018, Monday to see how it works as a day trader. So, this is what happened.
At 10 AM, it went up to 3% and suddenly down to 2%. I was afraid that I sold it at 2% ++ gain in few minutes.
I sold it at 1.02. From the gross amount of PHP5860 that I bought, the amount I earned is PHP260. But I still need to deduct some taxes. I will find out the total net earned later with a feeling of PHP100++.
Just observing after selling it, it gained 10% after few minutes.
Recess at 12 noon, back at 2 PM.
I am still observing the stock I already sold. Damn, it went up. Before the market closed, it was 20% at 1.19. I should have waited and observed the whole day.
I just realized whoever bought my shared is really lucky as he bought it at 1.02. If he sold it before the market closed, he has earned PHP1,000++.
Lesson Learned
Damn, I've been so emotional because I got scared. I should have just observed good for the whole day.
It's good to earn 5%. I should have waited.
Although I earned 2%, not bad for a first timer trading it after few days I bought it.
For traders out there, any insights you can give to me? I am just a first timer. Would love to hear your thoughts and what shall I do next time? Thank you.
Hey! Thought I'd drop ya a comment...
I would study up on market trend indicators... Elliot Waves, Support Lines, Resistance Lines, Buy/Sell Walls and Flags are all good places to start. You'll also learn to take emotion out of the exchange if you're wanting to be a good trader, and do your research on any company that you're wanting to buy into.
Best of luck!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! Thanks for dropping by. Your thoughts are very helpful. I'll take note of these. :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What stocks were you trading?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's NRCP, from the Philippine stock market.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
An insurance company .. I see.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi, Roxanne! How have you been studying for trading? I think it helps a lot to be able to have conviction in your trades.
I am a newbie, too, and I hope we can share ideas on trading. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit