Day Trade – Profit Taking Buying and Selling Same Day on the Philippine Stock Exchange

Finally, I’ve tried Day Trading and have profits to show for it. Thank you for the opportunity Philippine Stock Exchange and COL Financial. 🙂

New small-time investor here, I started with stock market investing about 3 weeks ago. I have made my first buy order, my first sell order, my first O-H buy order, and now my first day trade in that short span of time.

It is scary to engage and invest in the stock market in the Philippines? No. It’s not as long as you know what you are getting into, what your limitations are, you are aware and accept the risks, and you learn as much as you can about the industry /company you are planning to invest in and after knowing the result you continue to be happy and confident about the company’s future outlook.

Is the potential reward worth the risk in stock investing: DEFINITELY YES! Especially if you compare the potential stock earnings to say traditional bank time deposit. My BDO TD placement for 2 years now only earned Php 518.81. Nalugi pa if analyzed versus inflation, check the TD earnings versus Inflation comparison.

READ, UNDERSTAND, ANALYZE, Before DECIDING

Every morning I read all the reports available on my COL member’s dashboard from the Morning Notes, Technical Guide, Investment Guide, news reports, etc. I try my best to understand the info presented, the analysis of stock market by COL’s research team. I researched too about the company I am planning to buy stocks shares of, the movement of the stock prices over time, etc., before I make any buy or sell order for the day.

For today, I am sharing my new milestone and that is taking profits for a day trade.

DAY TRADER Experience of a New Investor

Earlier in the morning, I noticed one stock was vigorously trading with highs and lows every few minutes with around Php 3 to Php 8 margins. So since I have some funds left in my account with COL Financial, I’ve decided to buy this stock.

The last price for completed transaction then was at Php 53; the highest bidding price before I placed my Buy Order was Php 52.80 while the lowest ask price was P54.70. I’ve decided to set my bidding price for 160 shares of TFC at Php 53.10. Ten cents higher than the last price of Php 53.

I placed a buy order at 11:54 AM, my order was executed after 2 minutes, and the shares of stocks were reflected in my equity portfolio soon after. Before having lunch, I’ve decided to place a GTC SELL ORDER for the same stocks I just bought a few minutes before for Php 57.00 per share. I was confident that I will be able to sell the stock at that price. I was hoping too that the sell transaction will be executed today but I was also okay if it will be process on next days.

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A minute before PSE stop for recess, at 11:59 my GTC SELL ORDER for TFC was posted.

After lunch, I wrote a post about COL Financial’s bank payment charges. Then I checked again status of my pending sell order on TFC. Lo and behold! My shares of TFC stocks were sold at 1:44 PM. It’s a successful day trading in the Philippine Stock Exchange! 🙂

There is profit to be had for timing the market!

Stock Code: TFC

Company Full Name: PTFC REDEVELOPMENT CORPORATION

Buy price: Php 53.10

Net Buying Amount (including all buying charges): P8,521.06

Sell price: Php 57

Net Selling Proceeds (including all selling fees and charges): P9.047.49

NET PROFIT: Php 526.43

There! Another milestone of my stock market journey.

Here is the acknowledgment transaction confirmation request from COL Financial for this day trade on TFC stocks:

**The TFC stock closed at Php 47 on today’s trading day May 19,2016. High at Php 102.90 and Low at P46.00. On market status it’s indicated as ‘Surveillance Intervention’.

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Read further if you also want to know HOW TO READ STOCKS , paano himayin ang stock listing details and what are the different prices you see on the ticker.

If you want to start investing in the stock market, you have to understand that there are risks involve and that the risk are real. But if you are invested for the long term, short-term paper-loses shouldn’t bother you. If it bothers you, the Philippine Stock Exchange may not be a fitting investment vehicle for you. The highs and lows are realities of the stock market. But if the company you have invested in have good fundamentals and valuations, you should be looking at good profits in the future.

The stock market best fit the risk-taker with willingness to learn in order to have informed-decisions every time.

Start investing and participating in the Philippine Stock Exchange. It can be truly rewarding! Cheers to creating and building wealth!