Why I decided Not to Day Trade for a Living

I like the idea of day trading. I feel joy when my trade goes in my favor.
I feel like I'm the greatest trader in the world (even if I'm not). I feel like I won the lottery (even if I just gained a few hundred pesos)

I want to do it every hour and every day.  I want to trade more but I know I should not.
My reason is not related to the piling of commission or brokerage fees but more on my productiveness. My reason is not related to risk either.

 I might gain in day trading but even I have profits, I know deep inside that I didn't produce anything.
It's not all about the money.  I know that I exerted time and effort to execute the trade but I didn't produced any product or service for the benefit of the people.  Of course, I helped the broker to earn a little commission and the government to have taxes but I consider it as minimal. I provided service and entertainment for myself because I did what I like but I wanted to serve more.

My point is I can be more productive and earn at the same time compared when I just sitting down, doing manual trades and wait for stock prices to change. If I avoid my manual trades, I can be more productive and produce greater impact for society !  This may also apply with you. Try to think about it.

How to start investing in stocks in the Philippines

Stock Investing is getting more and more popular for Filipinos. But even if there is an increase in awareness level, many are still confused on how to start investing in Philippine Stocks.

When I'm assisting a beginner, I always tell them to study and practice first because they might lose a huge part of their hard earned money in just a few days or few months.  I don't want them to feel bad towards stock investing.  However, if I feel that they are fully prepared or can take risks, I always suggest to open an online broker account immediately. There are many online broker account in the Philippines and the famous ones are COL, BPI, and First Metro.

Don't be afraid in opening an account. You won't learn all of the things in just one week in the world of stocks but once you open an account, a new world will open to you. You will think of questions which you never thought before and you will seek and find the answers for every one of them.
One of my tips for beginners with small capital is to start with the minimum amount of investment.
The minimum amount will differ for every online broker but you can find a minimum account for 5,000 pesos only.  This 5000 pesos will serve as your key in learning more about stocks and securities. Don't worry for your 5000 pesos amount because the whole amount will not be consumed as payment for opening your account. It can be credited as fund or deposit to your account. This means that you can use the 5000 pesos to buy shares of your desired company. Although, please note that when you buy and sell you will be charged with a small fee for taxes, commissions, etc.

 Before you get drowned on the idea of getting rich, please assess your risk tolerance first. Is it ok for you to lose 20% of your money in stocks after 1 month?  Try to focus on both the good side and bad side of stock investing. Don't focus solely on what you can gain because realistically there are people who loose money on stock investing.

There are many things to know about stock investing such as when to buy and when to sell, market psychology and even your own emotions like your fear, wants, and greed but don't be afraid to start.
If you don't start, you won't win!

Double Dragon DD moves up again

DD
Double Dragon DD moves up 7.65% and this May 23 it is now priced at 9.85.  Cheers to DD holders again!  Will DD reach the 10 pesos mark next week?


COAL
COAL  recovers some of its losses yesterday. COAL was up by 3.50% this May 23


BDO 
BDO stock price increase is hard to miss because it has an extreme 2.87% increase among the top traded stocks. Is this increase related to the story that BDO bank scouts for more acquisitions?

PSE
Overall, the PSEi didn't move much today. The index is almost unchanged with its -.28% movement.

MA
I saw a stock rights offering (1 Right Share for every 3.56 common shares of MA/MAB.. This is priced at  0.012 per share) of Manila Mining (MA) and today I also found a 5 percent decrease with this stock.  Is this the normal reaction when there is stocks rights offering?
I dont know and I don't know why companies are offering stock rights offering.  I'll search for the reason next week.

Why Filipinos do not Invest on Stock Market?

I talked to a lot of people regarding investing stock market. I had  short conversation with my family, workmates, friends,  past classmates and teachers and here are some of the reasons that they cited