"No tips. No news. No rumors.
Just the charts too you!"
I'm certain you've heard me country this before.
I soundless do.
Let me only country this for the Records.
Fundamentals work. It only isn't for me. Not yet at least.
Allow me to explain.
A few months ago, I was able to read Alexander Elder's Trading For a Living too Momentum Masters yesteryear Super Traders inward the US. I got to involve heed too read nearly my peer's trading strategies - JC Bisnar (Imbang Klase) too Javi Medina (Taylor). I too had a serial of conversations alongside COLFinancial's chairman Sir Edward Lee. And all of them had a mutual belief inward ane Fundamental Concept:
Company Earnings
Let me give yous something to visualize on.
On May 16, 2018, FOOD released their net study for the 1st Quarter of 2018. The results were astounding! But non much displace happened, until 3-4 months later!
There's a lot to a greater extent than of these examples equally I did my research. But I'll allow yous respect them on your own.
These events led me to re-evaluate my trading system.
"With my electrical current port size, do I straightaway accept to innovate fundamentals into my system? Should I laid out to await for youtube vids explaining funda for dummies? Where should I start?"
"Where produce my beliefs come upwards from?"
When I started out my trading journey, It wasn't a smoothen road. The really starting fourth dimension trading grouping I joined was a skillful back upwards group. But it was non the best influence inward damage of learning. We were all trying to acquire from each other. But to live completely honest, it was only approximately other instance of The blind leading The blind.
We got linked too joined alongside "BIG" names inward the stock marketplace community. And eventually, nosotros learned nearly the fine art of speculation, the ability of rumors too of course, the black basis of Insider Trading.
"Rumors are good! Disclosures are bad! That's why it's called Sell on News!"
It was exciting.
Every fourth dimension nosotros got a fresh tip or bits of insider info, nosotros felt that nosotros were a operate of the Big Boys Club! Before everyone else, we acquire to witness the details of these so-called game changers. We felt powerful. We felt similar gods!
But I was wrong.
Even first-hand information from Company Owners themselves turned out to live curses for us. We held on to fake hopes that turned our ports too dreams into nightmares. But that wasn't hence bad - because nosotros had each other. What turned me 180 degrees was the 2d a few of our ain inward our grouping spun a story. It was all out of their heads. And nosotros believed them.
That fantasy cost me my 2nd [psychological] wipeout too my starting fourth dimension trek to to a greater extent than than one-half a ane grand one thousand pesos worth of losses. And after recovering from that Psychological trauma, I decided to purge approximately beliefs too stick to what I tin command too understand.
"No tips. No news. No rumors.
Just the charts too you!"
Here are my other personal beliefs:
In the Philippine markets, there's a delay inward cost activity towards "Good" Fundamentals too Earnings. I intend Fundamentals piece of occupation improve inward other liquid Markets similar the New York Stock Exchange (NYSE) where there's a large chunk of marketplace participants, who have significant buying-power, that believe inward the ability of Fundamentals too Investing.
I innovation to merchandise the States markets adjacent year. By then, I intend I would accept integrated approximately fundamentals into my trading system. Techs would soundless accept the end country inward my trading decisions.
-----
"Hindi ba magiging ineffective yung isang strategy if marami nang nakakaalam?"
This is a half-truth.
Imagine a room alongside 100 traders. 99 of which believe that buying PXP on the adjacent breakout would brand them coin - they all accept P10,000 each. The lastly remaining trader, however, believes he should sell all his remaining PXP shares at the breakout levels for it is already overbought. He entirely has 100 ane grand one thousand worth of PXP shares.
With this setup where there's an overwhelming belief inward favor of the breakout, too entirely ane somebody believing it is a sell, which side produce yous intend is right?
Except for universal laws too truths, beliefs alongside people who accept to a greater extent than ability too influence acquire to create upwards one's heed over-all direction.
You may non concur alongside me. And that is OKAY.
For nosotros are all prisoners of our ain truths.
Now tell me, What are your truths?
Just the charts too you!"
I'm certain you've heard me country this before.
I soundless do.
Let me only country this for the Records.
Fundamentals work. It only isn't for me. Not yet at least.
Allow me to explain.
A few months ago, I was able to read Alexander Elder's Trading For a Living too Momentum Masters yesteryear Super Traders inward the US. I got to involve heed too read nearly my peer's trading strategies - JC Bisnar (Imbang Klase) too Javi Medina (Taylor). I too had a serial of conversations alongside COLFinancial's chairman Sir Edward Lee. And all of them had a mutual belief inward ane Fundamental Concept:
Company Earnings
Let me give yous something to visualize on.
On May 16, 2018, FOOD released their net study for the 1st Quarter of 2018. The results were astounding! But non much displace happened, until 3-4 months later!
There's a lot to a greater extent than of these examples equally I did my research. But I'll allow yous respect them on your own.
These events led me to re-evaluate my trading system.
"With my electrical current port size, do I straightaway accept to innovate fundamentals into my system? Should I laid out to await for youtube vids explaining funda for dummies? Where should I start?"
"Where produce my beliefs come upwards from?"
When I started out my trading journey, It wasn't a smoothen road. The really starting fourth dimension trading grouping I joined was a skillful back upwards group. But it was non the best influence inward damage of learning. We were all trying to acquire from each other. But to live completely honest, it was only approximately other instance of The blind leading The blind.
We got linked too joined alongside "BIG" names inward the stock marketplace community. And eventually, nosotros learned nearly the fine art of speculation, the ability of rumors too of course, the black basis of Insider Trading.
"Rumors are good! Disclosures are bad! That's why it's called Sell on News!"
It was exciting.
Every fourth dimension nosotros got a fresh tip or bits of insider info, nosotros felt that nosotros were a operate of the Big Boys Club! Before everyone else, we acquire to witness the details of these so-called game changers. We felt powerful. We felt similar gods!
But I was wrong.
Even first-hand information from Company Owners themselves turned out to live curses for us. We held on to fake hopes that turned our ports too dreams into nightmares. But that wasn't hence bad - because nosotros had each other. What turned me 180 degrees was the 2d a few of our ain inward our grouping spun a story. It was all out of their heads. And nosotros believed them.
That fantasy cost me my 2nd [psychological] wipeout too my starting fourth dimension trek to to a greater extent than than one-half a ane grand one thousand pesos worth of losses. And after recovering from that Psychological trauma, I decided to purge approximately beliefs too stick to what I tin command too understand.
"No tips. No news. No rumors.
Just the charts too you!"
Here are my other personal beliefs:
In the Philippine markets, there's a delay inward cost activity towards "Good" Fundamentals too Earnings. I intend Fundamentals piece of occupation improve inward other liquid Markets similar the New York Stock Exchange (NYSE) where there's a large chunk of marketplace participants, who have significant buying-power, that believe inward the ability of Fundamentals too Investing.
I innovation to merchandise the States markets adjacent year. By then, I intend I would accept integrated approximately fundamentals into my trading system. Techs would soundless accept the end country inward my trading decisions.
-----
"Hindi ba magiging ineffective yung isang strategy if marami nang nakakaalam?"
This is a half-truth.
Imagine a room alongside 100 traders. 99 of which believe that buying PXP on the adjacent breakout would brand them coin - they all accept P10,000 each. The lastly remaining trader, however, believes he should sell all his remaining PXP shares at the breakout levels for it is already overbought. He entirely has 100 ane grand one thousand worth of PXP shares.
With this setup where there's an overwhelming belief inward favor of the breakout, too entirely ane somebody believing it is a sell, which side produce yous intend is right?
Except for universal laws too truths, beliefs alongside people who accept to a greater extent than ability too influence acquire to create upwards one's heed over-all direction.
You may non concur alongside me. And that is OKAY.
For nosotros are all prisoners of our ain truths.
Now tell me, What are your truths?
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