You have heard of individuals bringing in the big bucks from the stock market. Easy millions for sitting on a super stock and selling at just the right time. Yet, you have also heard of thousands others stock investors and traders who lost fortunes to the market. Why is it that one gains in the 3,4,5 digits’ percentages, yet another one get wipes out? What spells the difference between these two?
Stock Market Education Newbie Guide
Much like in real warfare, you’ve got to be ready. You’ve got to have the right weapons that will turn the tides in your favor. Stock investing and trading is like this too. The stock market is chaotic, vicious, and unforgiving for those who comes to the scene unarmed. Don’t lose your sanity!
How to arm yourself especially if you are a newbie or someone who is planning of entering the stock market? Education. Be hungry to learn. LEARN MORE. And implement what you learn. ACTION is very important, because it is only in action that we get to store up experiences. And experiences will aid in developing the instinct for the kill.
Experiences honed over hundreds of completed trades will aid you in developing stock market acumen. Experiences borne of battles will teach you if it is a good move to position on a stock which the current market sentiment marks as losers. Experience will teach you the best time to enter and exit and to spot potential trades.
Attend stock trading conferences, join gatherings of like-minded individuals, watch youtube videos on stock investing, buy books about stocks. If you have to buy ‘stocks for dummies’ books, do. It doesn’t matter if one material is superior to the other, over time, you will learn to distinguish which stock analysis principles to follow, what market indicators to watch out for.
Learn too about the company and industry you’ve chosen to position in. Read company reports, quarterly, annually. Read and digest. Attend annual stock holders meeting. Details gathered will help you in decision making whether to hold on or to cut loss or to add more to your position.
Find a STOCK MENTOR. This is mayhap the most challenging to do, to find a mentor whose experience in the stock market is time – tested and who can give you valuable advises on your stock market journey.
Stock Strategy for Beginners
This is my ongoing diskarte; it is recommended you find the stock strategy that will work best for you. Disclosure: I have not made a fortune yet but I intend to. I’ll be making periodic reports of my investment status to record the highs and lows of iSensey stock market journey. You are welcome to follow on Facebook, and better yet, share your own trading recommendations, analysis, etc in the community too.
I am a net long investor in the Philippine Stock Exchange. Currently portfolio only have 1 bluechip and that is JFC or Jollibee Corp. I have another bluechip stock EDC or the PNOC Energy Development Corporation but my TP or trading plan for this is short term.
I am pegging ACR and HOUSE as my #dutertestocks, hold for at least 5 to 7 years. The rest of my stock positions (CNPF, CEMEX, NOW) are for medium to long term, adding more shares on dips. If there is an opportunity to trade other stocks, I’ll do it especially if there is a fresh funding.
Before signing up for a stock investment account, I did these:
Attended the PIFA Mutual Fund Awareness Week free seminar to know more about MF since I was planning then to make a small placement on this investment vehicle. Currently, I have monthly placement going for peso cost averaging for mutual fund. Bulk of investment fund will be allocated to the stock market.
Watched the Youtube investing videos of Pesos and Sense. If you are new to the market, you’ll have basic understanding of investments after watching.
Attended the FREE Stock Investment seminars of COL Financial – Easy Investment Plan. Planning to attend the discussion on ‘A Primer Technical Analysis’ seminar soon, target this August.
After signing up an account with COL, my next stock education moves were these:
I joined Philippines stock market groups on Facebook. Of all the FB groups I have joined, the most useful has been TAP or Traders Apprentice Pilipinas and PISO. But before you do that, join FB groups be aware that there are tons of noise in fb groups, stock bashers and hypers alike. Practice due diligence and learn to do your own analysis.
I also follow Traders Apprentice website and more investment related websites.
I attended a TAP Overview seminar even though I was only a 2-weeks-old member of Traders Apprentice at that time. This is perhaps the longest seminar I attended (10 hours!) that is non-school or non-work related and it’s all worth it including the P1,500 fee. Kaso sa totoo lang sumakit konti ulo ko sa daming insights and info to absorb. Lol.
**From my blogging journey to this stock market investment journey, going for paid seminars over free seminars, paying for software and tools as opposed to the free ones on the market, etc. gives the biggest, highest return. Napatunayan ko na to many times over with respect to web publishing, and I’ll be doing this moving forward with stocks. You’ve got to part with your cash, you’ve got to spend if you want to progress in leaps and bounds.
Wag manghinayang sa cash-outs, consider is as investment din.
Meet up with friends who entered the stock market years earlier than I for investment experiences sharing.
Watched some episodes of SWAG Soul of the Market Youtube Videos of Jared Odulio.
I have downloaded ChartNexus and is trying to learn more about charting and looking at patterns. My tech analysis knowledge at this point is still very basic. Huge room for improvement. I am still on the free ChartNexus account, hopefully I can migrate to the paid ChartNexus stock charting software soonest. I am just familiarizing myself with what the software can do, then I’ll be jumping to the paid subscription.
For inspirations, I sneak a peek at stock market quotes for #hugot. 😀
My ultimate stock strategy is to be open and welcoming to new learning in whatever form they come. To push on and take risk, because the stock market is High Risk, High Reward. This is not a gamble; this is a legit investment.
So what pays the biggest dividend? Stock Market Education and Experiences.
The stock market can make you a fortune or can wipe you out. Stack the odds in your favor. Aim for stock market knowledge, get more experience. These pays the biggest dividend!
Can you enter the market with little money? Yes, you can! For just P5,000 initial funding you can sign up for stock trading account with COL Financial, Philstocks, BPI Trade, etc..
Follow iSensey investment journey on Facebook. Let’s create wealth for ourselves and our family!
SHARE to other newbies and those who wants to enter the stock market!