Retire Rich

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.