Retire Rich

Medyo napadami sinasabi ko dito, but bear with me guys as I shared my trading journey so far and... and... a strategy that helped me somehow offset my losses on my active trading, while learning and mastering a strategy. 

Below are the 17 parts of a stock chart, (not necessarily 17, but I numbered it this way) and I will be providing the link of each video as soon as it is uploaded on our YouTube Channel. Each discussion will be 3 minutes only but the entire video could be between 5 to 8 minutes. 

So, please consider subscribing so that you will not miss a thing. 

Below are the 17 parts of s stock chart and links to each video will be provided as soon as it is uploaded.

In this video, I discussed the first part (stock ticker) out of the 17 parts of a stock chart in a 3-minute video.

Below are the 17 parts of a stock chart, (not necessarily 17, but I numbered it this way) and I will be providing the link of each video as soon as it is uploaded on our YouTube Channel. Each discussion will be 3 minutes only but the entire video could be between 5 to 8 minutes. 

So, please consider subscribing so that you will not miss a thing. 

Below are the 17 parts of s stock chart and links to each video will be provided as soon as it is uploaded.

As I mentioned in the latest episode of the Stock Market 101 series, I will be discussing each part of a stock chart. I numbered each part as shown in the below illustration.

So, I will be discussing each part (total of 17 nos.) in one video. The duration of each video will be only three minutes long so as not to waste your time.

Make sure to check the description box in each video because I will provide more information such as:

Let's learn together and if you are new to our channel, please consider subscribing. 

I don't want to waste your time. I valued time more than anything. Instead of going live, I will be recording this video and then I will stream it live on Friday, 28 August 2020 at 2PM (Kuwait) 7PM (Manila) time. 

In this way, I will cut during post-production the unnecessary things I might say or those moments when I pause to think of the next words that I needed to say. I will only stream the recorded video, which is concise, compact with the information I needed to share with you.

The topic is all about the anatomy of a chart. I'm talking about the kind of chart that contains technical data/information on a stock. In this way, you will be able to navigate and understand what are the basic data, tools, available on a typical chart. 

As you go on exploring a stock chart, questions will definitely come to your mind, and I encourage you to ask questions in the comment section to enable me to answer them or by creating another video answering those questions.

If you are new here, please consider subscribing to our RR channel.

In this video, I will discuss about the right mindset before you are going to deep dive into the realms of stock market investing/trading.

Let us frame our mind in the right perspective and expectation of the financial market enabling us not to be frustrated if our expectations are not met. 

Ano pagkakaiba ng mayaman at hindi mayaman kung magbasa ng news or diyaryo?

Ang mga mayaman kapag nagbabasa ng news, inuuna ang "business" section. Pero ang hindi mayaman inuuna ang "intertainment" o di kaya ang "sports" section ng newspaper.

Well, that's just my observation when I was working in Manila sa Ongpin, Binondo. My boss used to read the newspaper every morning and I noticed, he will always go to the business section first and meticulously read the stock prices of companies na nasa chart. 

When he finished reading, I snatched the newspaper and look at what's in the business section of the newspaper. Promise wala talaga akong maintindihan. Well, not anymore these days because I somehow understood na about business news and my favorite online business news portal ay ang Business World, Business Mirror, Inquirer Business, CNBC, Yahoo Finance etc. Kaso nga lang hindi pa din ako mayaman eh!

Gusto mo ba matutung magbasa ng price charts later on? 

 

If you guys are available tonight 23 Aug. 2020, 11:30 PM (Manila Time) join me, via Retire Rich YouTube channel discussing (live broadcast) regarding the basics of the stock market. 

In this video, join me to explore trading strategies available at Trader's Lounge that were designed to fit those who are not able to monitor the PSE trading hours. Strategies that have longer timeframes that may fit for you and me being an OFW.

As an OFW, I do have problems with regard to a trading strategy that requires me to monitor the trading hours from opening to closing like MAMA Strategy. So, let's look at other strategies inside TL. Watch the video to learn more. 

In this video, join me screen potential MAMA Setup stocks that I will add in my watchlist for the coming trading week. Those stocks that will be screened and added in my watchlist will be reviewed by Saturday, so that we will know if its a successful or failed MAMA. 

In this video, join me in reviewing the stocks I included in my watchlist, if it successfully moved to a MAMA setup or failed. Similar type of this video will be coming out every Saturday. 

The aim of this video is to review our watchlist and ultimately review also my trades in the previous week.

In this video, I shared a trading strategy that I used that let me earned consistently even in this bear market.

I learned this strategy at Trader Lounge PH. This strategy is not as popular as MAMA Strategy, it is actually very underrated but it really works for me, especially at this pandemic wherein the overall market sentiment is negative.

Click and watch the video to find out what is this strategy and consider subscribing...

In this video, I talked about the biggest mistake I did in trading that really hurt my portfolio. I also shared my trade results from April till June 2020.

Click the video to find out the result and what was that mistake. Consider subscribing...

In this video, I shared my weekend routine to keep a sharp mind in trading. I do this every Friday as it is my day-off. It's non-negotiable.

If it's Friday, my day begins at 5 AM when it's summer, and you'll find me at the seaside either walking, jogging, and physical exercising. Watch the video to find more and consider subscribing.

In this video, I talked not about a trading strategy, but about the best gears that I'm using to trade.

Minsan sinasabi natin sa ating mga sarili, "ah kaya ko rin sanang kumita ng ganun sa stock market, kaso ang bagal ng computer ko eh" or "mobile lang kasi gamit ko."

Well, para sa akin, if you are still a newbie, the best gear/set-up sa pagtrade is to have a reliable/stable internet connection and the gear that you have right now na kayang mag open ng app ng iyong online broker. That's it! No need to have now those dream set-up.

Eventually, we need to upgrade lalong lalo na pag consistent na winnability ng trades mo. Siyempre dahil meron ka ng pambili. But for now, we need to keep our hard cash, dahil all we need during this time na may pandemic is to use what we have pagdating sa trading. Keep your hard cash as your emergency fund because we don't know what lies ahead habang nandiyan pa ang virus.

This virus teach us to go back to basics and pay attention only to those things essential to live our daily lives. Food (isama mo na ang meds), shelter and clothing. Be practical my friend.  

MyTrade was the recommended broker by Trader’s Lounge, So I opened MyTrade account, not because it is highly recommended by TL, but because of the blazing speed of Mytrade online broker portal.

Speed is very important for me in trading. This is not a sponsored video, but I can say based on experience that MyTrade is really fast. In this video, I will show to you guys the settings I used to start trading immediately using MyTrade even before I was able to familiarize the whole MyTrade features.

Check the video out. If this one helps you in any way, consider subscribing to my YouTube channel.

This is it guys, the last and the final piece of the 5-video series on "How to Use Mama Strategy, A Complete Guide". This is the exit strategy when the price rally during the next trading day after you entered a position using Mama Strategy at EOD. This is the link of my blog: http://retechson.blogspot.com/ MAMA Strategy is a trading setup I learned from Trader's Lounge. https://www.youtube.com/channel/UCowf... Below are the links of the 5-video series: 1. Introduction - MAMA strategy complete guide: https://youtu.be/ONNSj8mlghw 2. First Part - MAMA Parameters: https://youtu.be/s5-LSqKTmyg 3. Second Part - How to screen stocks properly: https://youtu.be/xRGExwKJmbc 4. Third Part - Entry: https://youtu.be/BoFFNTr_AVk a. reinforce video: Calculating Risk MAMA Set-up: https://youtu.be/eshp4B0QQCc 5. 4th Part - How to Monitor a stock position: https://youtu.be/_9DR2hZfLEM 6. Last Part - Exit Strategy: a. Gap-up: https://youtu.be/08JlkrvVzxs b. Bullish and bearish market condition: https://youtu.be/uKkLuh2X7aM c. Rally - https://youtu.be/QwK1Ju53QWs My free stock list - a list of tradable PSE stocks composed of 80 stocks out of 320+. I selected only those stocks that liquid and having clear (not chappy) price candle formation. Free Stock List for screening: https://youtu.be/C0sjHVaaEQA TL's video on BID and Ask Basic. This includes the technique on how to buy or sell at EOD and ATO. https://www.youtube.com/watch?v=VsscJ...

In this video, I shared my execution on how I identify the market condition on a particular trading day and accordingly adjusted my time frame for exits. This is as per my interpretation and understanding of MAMA strategy, that I learned from Trader's Lounge PH. This video is part of the 5-video series on "How to Use Mama Strategy complete Guide." This is the second part of the Exit strategy. MAMA Strategy is a trading setup I learned from Trader's Lounge. https://www.youtube.com/channel/UCowf... Below are the links of the 5-video series: 1. Introduction - MAMA strategy complete guide: https://youtu.be/ONNSj8mlghw 2. First Part - MAMA Parameters: https://youtu.be/s5-LSqKTmyg 3. Second Part - How to screen stocks properly: https://youtu.be/xRGExwKJmbc 4. Third Part - Entry: https://youtu.be/BoFFNTr_AVk a. reinforce video: Calculating Risk MAMA Set-up: https://youtu.be/eshp4B0QQCc 5. 4th Part - How to Monitor a stock position: https://youtu.be/_9DR2hZfLEM 6. Last Part - Exit Strategy: a. Gap-up: https://youtu.be/08JlkrvVzxs b. Bullish and bearish market condition: https://youtu.be/uKkLuh2X7aM My free stock list - a list of tradable PSE stocks composed of 80 stocks out of 320+. I selected only those stocks that liquid and having clear (not chappy) price candle formation. Free Stock List for screening: https://youtu.be/C0sjHVaaEQA TL's video on BID and Ask Basic. This includes the technique on how to buy or sell at EOD and ATO. https://www.youtube.com/watch?v=VsscJ...

Overtrading, revenge trading are acts that most newbies tend to do. In this video, I shared how I avoid these things.

In the above video, I'm walking you through on how I traded MerryMart. In this video also, I discussed how I lost significant amount of my trading capital after buying the initial price of an IPO. I lost my capital on its first trading day.

So, I learned a lot about IPOs. I'm trading MerryMart differently now. So, watch the video and learn more.  

MyTrade broker an online stock brokerage of Abacus Securities Corporation just approved my account. They did the approval superfast and the platform also is superfast. I'm test driving it to at least get the feel out of it.

I really don't have a problem with my earlier broker. I opened up three accounts there. Just during this COVID-19 pandemic, as most were on lockdown and stayed at home. Maybe more Filipinos get their hands also in stock trading that made COL Financial trading platform become sluggish and lethargic.

MyTrade was recommended by Ms. Gandakoh, so I tried it. So far, so good. The registration process was fast. I was able to fund initially for just 5K. The layout is somehow new to me so I test-driving it.

If you want this to register to MyTrade here's the link. https://mytrade.com.ph/pre-registration

I'm not sponsored by MyTrade. I will not earn anything when you register. The thing is it is delivering its promise to be fast. This is the primary reason why I opened an account.

I'll be making a Youtube video/review/tutorial soon regarding my user-experience of this newly opened account of mine at MyTrade. 

This is the second part of a 5-video series on "MAMA Strategy Complete Guide." Make sure to subscribe to this channel to get notified as soon as each video is up. MAMA Strategy is a trading setup I learned from Trader's Lounge. https://www.youtube.com/channel/UCowfdeD1MfnxhYL9QRWIpEg Below are the links of the 5-video series: 1. Introduction - MAMA strategy complete guide: https://youtu.be/ONNSj8mlghw 2. First Part - MAMA Parameters: https://youtu.be/s5-LSqKTmyg 3. Second Part - How to screen stocks properly: https://youtu.be/xRGExwKJmbc 4. Third Part - Entry: https://youtu.be/BoFFNTr_AVk. a. How to Calculate Risk: https://youtu.be/eshp4B0QQCc 5. 4th Part - How to Monitor a stock position: https://youtu.be/_9DR2hZfLEM 6. Last Part - Exit Strategy: Coming Soon. Here's an earlier video on how to screen stocks with more charting time. How to screen stocks to trade?: https://youtu.be/CsBjEbuLyjk My free stock list - a list of tradable PSE stocks composed of 80 stocks out of 320+. I selected only those stocks that liquid and having clear (not chappy) price candle formation. Free Stock List for screening: https://youtu.be/C0sjHVaaEQA Important update: kisschart.com now has an unlimited watchlist.

In this video, I talked about the parameters of Mama Strategy. This video is the first part of a 5-video series of "Mama Strategy Complete Guide."

Here's the link to the videos of the "Mama Strategy Strategy Complete Guide" 5-video series.

Intro video: https://youtu.be/ONNSj8mlghw

1. Video #1: Mama Strategy Complete Guide - Parameters - https://youtu.be/s5-LSqKTmyg

2. Video #2: How to Screen Stocks using Mama Strategy? [Coming soon.]

3. Video #3: Mama Strategy Complete Guide - When to Enter a position? [Coming soon.]

4. Video #4: Mama Strategy Complete Guide - How to monitor open position? [Coming soon.] 

5. Video #5: Mama Strategy Complete Guide - Exit Strategy [Coming soon.]

When I started my journey in stocks trading back in April 2019, eight months later I stumbled upon a Facebook group called Trader's Lounge. It's a fantastic group. They offered free lessons on stocks trading. Absolutely free.

In stocks trading, you need to have a working system that will serve as your guiding light to navigate the risky travel in buying and selling stocks. Trader's Lounge provided me several trading systems geared towards each type of trading plays.

One of my favorite trading system/strategy/setups is called MAMA strategy. It is a combination of two indicators: ALMA and MACD. In the beginning, I have a hard time understanding how to execute MAMA strategy. After a few months of reading Trader's Lounge FB posts, blogs, and watching their Youtube videos, I somehow get it and executed several trades.

For newbies, I know it will be extremely difficult to understand a trading system especially if you are at a level wherein you are still learning even the most common terminologies used in trading. So, I decided to create a 5-video series on how to use "MAMA Strategy - A Complete Guide" where I will share my interpretation, understanding, and execution of MAMA Strategy.

If you are a TL member and you are still figuring out how to use MAMA strategy, feel free to follow this series of posts wherein I will embed the videos as soon as I uploaded them on my Youtube channel.

Below is the introductory video I uploaded on my Youtube Channel announcing my plan to create a 5-video series dissecting the MAMA Strategy. Please don't forget to subscribe, like, and share this video if you find this one helpful. Don't forget also to check the description box of the video as it contained links to the other videos of the entire 5-video series.

According to Investopedia, trading psychology refers to the emotions and mental state that help to dictate success or failure in trading securities. Trading psychology represents various aspects of an individual’s character and behaviors that influence their trading actions. Trading psychology can be as important as other attributes such as knowledge, experience and skill in determining trading success.

I've been trading in the Philippine Stock Market (PSE) for one year now and had the working knowledge required to trade. But why I'm still on the losing side?

The author talked about how our mind processes information and how we associated market information about our previous experience. This book is not about the technicalities of trading but instead teaches what should be the proper mindset of trading.

The author pointed out that every moment in the market is "unique" and "anything" can happen.

The lessons of this book is so simple to understand, yet very difficult to learn that is why you need to read it again and again.

After reading this book, I realized that the problem now of my trades is not the market, not the system, but it is ME!. The weakest link of trading itself---is the TRADER.

So, I have my system, I have my risk management plan. So it's on me now. I need to listen to my inner self and look at the market information exactly what it is at it's every "now moment".

Simple to understand yet hard to learn. I'll give my self one year to learn this one.

Stay safe everyone. 

Naniniwala ba kayo sa sinasabi ko? Napa believe ba kayo sa screen shot ng portfolio ko? Well, if you believed then most likely you did not read my previous post. Here is the link and this is the truth: https://retechson.blogspot.com/2020/04/things-i-learned-after-one-year-stocks-trading-what-mistake.html

What I'm telling you in the first two paragraphs of this post is a typical catchy line of gurus that offers seminars to scam newbie traders. I write this post to comply with the challenge that my mentor from Trader's Lounge asked us to edit our portfolio accounts and post online.

So mga kababayan kong OFW na gustong pumasok sa trader just because you just saw a very enticing and catchy headline. Never ever believe because trading is a long tedious process and I will give myself a chance here by going through the process.

If you read my previous post, I said that all traders start trading to get rich quick, according to a study. Gurus are exploiting this dream and will sell seminars. We call it in our group at TL as scaminars.

So take care not be a victim of this scams by just showing you something you wanted to see. A dream shown in an edited portfolio.

Our mentor cautioned us for teaching us how to edit our portfolio because we might use it to fool others. But of course, I will not be fooling anyone. I want to learn to trade well, and I will not offer you seminar at all.

I know na some of you might use this knowledge to fool others but I needed to do this blog. I needed to reveal what scammers do or use and hope na hindi kayo mabiktima, said Gandahko.

Kumusta mga kababayan kong OFWs? Stay safe.

COVID-19 is wreaking havoc around the world. As of this writing, there are 1.14 million cases, 63,000 deaths all over the world according to official data from the World Health Organization (WHO). Companies shut businesses down due to lockdown implemented by the government to contain the rapid spread of the pandemic. People unable to come to work. Some are wages against work employees---no work, no pay.

In this crucial time, it pays a lot we saved a few bucks from our monthly paychecks. We don't know exactly when a crisis like this would come. The thing we have control is to get ourselves ready when it is not here yet. Just like the story of "Tipaklong at si Langgam" we were told when we were young. We need to save something for the rainy season. Unfortunately, that rainy season is now. 

This is the time we could utilize what we've saved for if we don't have income. But I know this whole thing is beyond what I'm talking about here. Even the rich for sure will not be spared. Anong gagawin mo sa pera kung wala ka namang mabibili?

The economic impact of this virus could be more than the 2008 financial crisis. I think it is way too big than I could imagine. But the situation could drastically turn around to our favor once the vaccine is ready.

Anyway guys, please stay safe, as much as possible stay home and think positive. We can defeat this virus.


As for the title of this post, I can't say that it's a savings right now, but still, I continue to set aside the same amount of money as I did the last three succeeding months. But this time, it is for an emergency. I don't know when I'll stop receiving my salary also. It's just a matter of time that I will be spending my savings for the necessities in the coming months. I did not invest the amount but keep it in case I need it. So far, I still received the salary for March. Only the Almighty one knows till when.

Stay safe!

I lost 30% of my capital trading in the Philippine Stocks Exchange (PSE).

I'll be sharing with you the Things I learned after One Year of Stocks Trading.

Yes, I lost more than 30% of my capital.

That's the figure I paid since the day I decided to become a stocks trader in April 2019. It's been a year now. The figure might not be too huge as most, if not all, newbie traders wiped out their trading account completely in the first year. I started to trade cautiously during the first-month while still learning by reading blogs, books, and watching videos all about trading. Below is the result of my first month. This report was extracted from Quicken---a software I used journaling/recording my trades.

In the succeeding months, I became crazy. After learning a few things, I became overconfident and overtraded like a gambler trying to get back his losses. Mistakes after mistakes ranging from holding for so long on losing trades, taking profits too soon, averaging down on bad trades, overtrading, large position sizing, revenge trading, impulsive entry, trading with unchecked emotion, arguing with the market, listening to recommendations, FOMO, emotions and the list go on. Lahat na. In between, I participated in an IPO (with a trader mindset) with zero knowledge about it. This was where I incurred heavy losses. If only I was able to read this post from TL blog which I reblogged here with TL's permission: https://retechson.blogspot.com/2019/12/ipos-dirty-little-secret.html

In May, I traded aggressively and became overconfident after I completed reading the books of Mark Minervini; Think & Trade Like a Champion and Trade Like A Stock Market Wizard.

Earlier this year I withdrew 80% of my capital and kept the remaining 20%. I decided to trade a small position and traded again cautiously going forward to the second year of my trading journey.

As I said above, I will share with you what I learned so far with my one year of experience as an active online stock trader in the PSE. Here's what I learned so far:

1. Only 1% of all traders can profit net of fees - should I quit or continue?

After one year of trading, I'm still on the losing side. So I started to doubt and asked my self this question: Do stock traders earn money? I did a research and found out that only 1% out of all traders can profit (net of fees) according to the statistics discovered by Brad M. Barber and his team in their research. I said "huh! Itigil ko na tong kalokohang to!" How to be in that fucking 1% elite league of traders? I wanted to quit! It's a very discouraging figure, but my question was answered. So, 1% of traders earned money. So there's a chance. I have a chance. I decided to continue. I need to be in that 1%. Good luck to me.

Since I know where I wanted to be in (my goal is set). In order to where I want to be in, I need to figure out where am I now (my point of origin) so that I will arrive at my destination. I copied the summary of the research and outlined it on a whiteboard and figured out where I might be.

2. All traders start with a dream to "GET RICH QUICK". 

June was my only profitable month for the entire 2019.

• No big losses.
• Small losses.
• Small wins.
• Big wins.

So far, it's not the case for me in the succeeding months. Because I still do not have a trading system/strategy that works for me.

4. The need to have a trading system/strategy.

6. The need to have a risk management plan. 

It seemed the word "circuit breaker" is the vogue now on most financial markets around the world.

The PSEI gapped down to -12.4 % (from previous close 5335.37 to 4673.58) at the opening when PSE resumed trading on Thursday after two days it halted trading. The decline again triggered the circuit breaker's 10% decline threshold for the third time this month. The trading halted right after the opening bell and resumed 15 minuted thereafter.

When the trading resumed the index continued plummetting down to 4039.15 level or a staggering -24.29% decline from Monday's closing price. The market recovered slightly from the day's low and closed to 4623.42 level (-13.34% decline).

This week alone the market went down -20%. That's two trading days alone this week---the worst trading week we've seen in recent history. And yet the COVID-19 virus still in the rising trajectory, yet to reach its peak.

So where we will go from here?

On another front, the oil price succumbed to its lowest at USD20 per barrel.

Screenshot from PSE advisory.

How shortened trading hours affect OFW traders? Eh di lalong napuyat!

PSE President and CEO Ramon S. Monzon issued a public advisory through a memorandum to shortened the trading hours. The advisory was issued on Sunday, 15 March 2020 consistent with the COVID-19 preventive measures as stated above.

As an OFW, in a time zone, which is 5 hours behind from Philippine time---trading is tougher and more challenging now. Under normal trading hours, I used to get-up at 4:30AM. You know how it feels to wake up during this particular time. Because of the shortened timing, I need to get-up at 3:30AM starting 17 March 2020. This is a must for me if I have an open position to monitor.

So guys alam na this. If you want to trade, you need to sleep early and wake up early or find a strategy na hindi ka mapuyat. You know it's tough doing your day job without enough sleep.

Other OFWs in other parts of the world might not have the chance to catch the trading hours. So yong iba mukhang mapipilitang maging long term investor.

Anyway, good luck to all of us trading OFWs. Try to adjust accordingly and may the odds be with you.

Below is the full text of the advisory.

Market indices at the end of  12 March 2020 trading day.

The answer is to trade and catch the bounce. But how? Here's how.

In my previous post, I mentioned that this is the time to test strategies that you either developed or learned. In this case, I tried to test, apply and practice the "Fish Ball" strategy, which I learned from Trader's Lounge.

So let me walk you through. Note that this is how I understood from my readings and learnings at Traders Lounge. You may join the FB group, subject to their Admin's approval, read and interpret the strategy yourself. Click this link to go there: https://www.facebook.com/groups/504058690117433/

For the purpose of testing the strategy, I used my Investagrams virtual port.

What are the conditions required for a stock to qualify bounce play?

The following are the steps to screen a stock that has strong probabilities to bounce.

1. During non-trading hours, open Investagrams.
2. Look for a stock that's trending/rallied for 3 or more days and then made a sudden drop for one or two days (long red candles) with none or just having a short bottom tail/wick. 
3. Once you identified this stock put it in your watch list. 
4. Get ready to trade the bounce during the next trading day. 

Setting up the "Fish Ball" strategy.

My answer is to stop trading.

Maybe my above answer is not for you. It depends on your profile as a stock trader. I consider my self a quickie trader. I do not sit on a stock position for a long time. A swing or a bounce is enough for me. I sell quickly once my favorite progressive support line (a type of moving average indicator) is breached.

So far, whenever I entered a trade on any particular setup, my support line was breached. So, as you can see (above picture), I don't have any position.

I had a total of eight trades for the month of January and February 2020. I lost all eight. Minimal losses on each trade. My trading system/strategy protected me.

As you can see the global financial market is down. Most likely the reasons are the following:

• Trade War (between China and the US).
• COVID-19.
• Saudi Arabia, Russia Oil price war. 

After a few glitches from BDO, I still able to continue this challenge. I'm now in the third month! What about you?

We need to persevere whatever hindrance that comes on our way just to come up with our end goal. I'm having a hard time in the second month getting the one-time password from BDO. I made a video out of that experience, which you can view by clicking the link here: https://youtu.be/7k4DTJq4sG4

Well, in spite of the problem, I still able to continue. For the February 2020 salary, I have no problems saving 10 percent from it. I was able to access my BDO account smoothly this time. So, on the very same day, I got my salary, I transferred the savings to my COL Financial account (screenshot above).

As an OFW living off from my monthly paycheck, it is essential that I will have even a small amount of money set aside on a monthly basis. In this challenge, I oblige myself to save at least 10 percent. Then I invested the amount to a high dividend-paying stock or preferred stock.



I choose high dividend-paying stock because of the COVID19 virus the entire world is battling made companies stock price plummet. As a quick trader, (this is how I call myself as I hate to sit on a stock for an extended period of time) it seemed to me that the possibility for a stock price of a company to rise is less. So, for now, I opt to stop trading and just watching how the market move.

I still maintain a separate broker account intended for trading and from time to time if an opportunity exists to trade---I trade. In January 2020, I'm 0 wins out of 3 trades. In February 2020, 0 wins out of 5 trades. Damn, I did not do any trade this month so far.

The best thing to do, for me, in this situation is to save more money for capital. So what are you waiting for? Join me and take the "save 10% from your salary challenge". Months pass by so fast and it will never come back! I'm now in the third month. I hope I can continue this challenge until December 2020 to get my goal.