Basahin Ang Aming Manifesto:

THE LEAGUE OF PINOY STOCK MARKET STUDENTS' MANIFESTO

Monday, July 9, 2018

PORT SNAPSHOTS AND LIES [A BEGINNER'S THOUGHTS]

I once heard a mentor said the phrase "Analysis Paralysis" and I immediately could relate to it. I first knew about the Stock Market last May 5 2018, when there were only bears in the market. It was the day that I attended my first ever seminar about PSE and how it works.

The seminar broke our common misconceptions; it showed a totally different path away from the rat race; it gave me hope. Or so it seemed.

It's been two months from the day I first heard people talking about the opportunities to earn a lot of money from the stock market and a month since I received my login details from my broker, but until this very minute, I haven't touched my port. Why? Because I think I know better. Or do I?


This is a common challenge for people like me; I am an Owl. I have published a blog about this and its importance. I am an Owl from DOPE Personalities: D - Dove, O - Owl, P - Peacock, E - Eagle.

Reading Celeste's last blog early this morning, I thought I'm doing the right thing. Or am I? But still, I said to myself, "I knew it!” There must be a story behind those people posting their ports just like the candles that we try to decipher every day. Stories that are kept untold.

The overrated ports. The recommendations. The stories of losses in the past and now successes. The never-ending notifications from Facebook from people who seem to know what they're doing because they're gaining this and that.

The more I think of them all, the more I get paralyzed.

“Markets are actually set up so that most traders must lose money.” “Markets need a fresh supply of losers just as builders of the ancient pyramids needed a fresh supply of slaves. Losers bring money into the markets, which is necessary for the prosperity of the trading industry.” – Dr. Alexander Elder, The New Trading For A Living

There's seem to be too much noise but I always go back to that quiet place Dr. Elder provided for people like me. I want to earn a lot of money but I don't want to be just another loser to help the market prosper.

Should I follow my mentor's advice:

"You cannot gain that much in the first year of trading, kaya nga sabi ko sa'yo magsimula ka na because 1-2 years are all learning. There's little profit but still, the biggest source of your income will come from your salary."

But can I do that at this point? I don't need to relate myself and show off any gains. I don't need to share any experience for the sake of proving my wisdom. I just want to earn. "It's between me and my port." just like they always say. I want to be a free spirit. We all want financial freedom, right? It's not gonna be without the struggle for the means to meet this end requires a variety of experiences.

Am I missing the opportunity to learn because I'm not losing any money? Or am I doing the right thing because I am just protecting my precious capital?

The more I study about how this thing really works, the more I realize that I need to study more.

Just to give you a concrete example. My mentor rises up every single working day around 4-5AM [8-9AM in the Philippines] to do her charting, bring her analyses at work, buys and sells stocks on her way to the office, while working, on her lunch break and virtually any time in between. She'll do her charting for tomorrow on her way home, at home and before sleeping.

I cannot do that!

I am not a Chartist if that's how my life would look like. I prefer to be a Technical Analyst, someone who's constantly studying social psychology, probability, gain studies, and other applied sciences to perfect my system.

Sounds a lot of work, right? Pero kagaya ng bukambibig dito sa Middle East, "What to do, my friend?" It's too expensive to sign up to legit trading programs that will just lay down their "proven profitable system" and it's too risky to read and follow groups with their rather suspicious "recommendations".

I have seen a lot of pictures and snapshots of green ports in my two months in the market. What do I have to say about them?

A picture, like any work of art, is never finished not for its own dimension but because of our subjective consciousness creating indefinite and unlimited implications consistent to our intrinsic nature of putting meanings where there is none.

Let's all learn as much as we can. Let's read and listen to people who've been there but always keep a degree of healthy skepticism, ask others and more importantly, ask ourselves what really matters.

We, the newbies, can bear this bear market by playing the virtual trade, right? For those who make a living in the market, it's time to be more creative.

Indeed, it is a psychological game. And I am playing it safe. How about you?
Please find time to read our MANIFESTO: THE LEAGUE OF PINOY STOCK MARKET STUDENTS.
Para sa amin, hindi kailangan na maging boring at kumplikado ang pagaaral ng stock market investment at trading. Tara, group study tayo mga kabayan! Let's all INVESTINFUN!

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