RETIRE RICH - OFWs deserve to retire rich

Saturday, June 5

What's your trading goals in 2021?

Hello guys, welcome back to my channel and please... don't tell me na naniniwala ka doon sa una kong sinabi. Zero to Billions? Seriously? Baka thousands to Zero pwede pa? Realistic pa. Well, I'm just kidding with you guys no pun intended. Kasi kalokohan yang Zero to billions na sinasabi ko sa inyo guys sa mga kagaya kong baguhan lamang. 

Seryoso tayo, what I going to share with you in this video is regarding my trading goals ngayong 2021. As you know natapos ko na yong second year ko sa pag trade. At ibinahagi ko sa inyo ang trading results ko sa last na upload ko. Kung hindi mo pa napanood yong mangiyak ngiyak ako dahil sa losses ko ay mapapanood mo ang video na yan sa link sa itaas. Yann... dyan. 

So, a brief summary lang sa aking two years na experience sa pagtrade kagaya mo noong una kong sabak sa trading eh talagang roller coaster yong first year. Kahit sabihin mo sa akin na sa una mong pasok sa stocks trading ay nataon na bull market, maaaring yong unang few trades mo ay panalo. Pero I'm pretty sure na mas marami sa ating mga newbie ang first year overall result talaga is a stunning, if not a horrible loss. Minsan pa nga ay may mga na wipe out na account and you will never see them trade again. Meron pong study about sa topic na yan. But if you survive your first year and decided to commit yourself to learn the skill of stocks trading and getting the monetary reward, later on, sure you will come up with a goal the following year. 

On my second year, talagang I noted down lahat ng mga mistakes na nagawa ko during my first year at yon ang aking iniwasan during my second year. At ang resulta, hindi na na nadadagdaan yong mga talo ko noong first year. Although di ko pa nabawi lahat ng mga talo ko sa trading during my first year, but I came up na may green na port this year. 

Ito yong mga mistakes na iniwasan ko during my second year na nagawa ko noong first year. 

1. Trading without plan or strategy.

2. Overtrading slash revenge trading

3. No risk management

4. Not respecting stop loss.

5. Unable to control FOMO. 

In addition to avoiding those mistakes ay nagaral ako more about stocks trading and the stock market in general. Basa ng libro, maraming libro at marami pang libro.

Malaking bagay din na nag reduce ako ng trading capital at salamat sa Marge, dahil the bulk of my portfolio ay nilipat ko sa Marge. If you want to know more about marge, silipin nyo na lang sa retire rich channel at meron akong video na ginawa about marge. 

Going back to the video, so, I completed my second year sa pag trade. Please note guys that I consider stocks trading as a bachelor's degree. I completed my second year. I started April 2019. So here's my trading goal for my third year.

1. I would like to increase my trading capital as the economy recovers, pero sinong nakakalaam kong hanggang kailan pa matatapos itong pandemic or kong makasurvive ako nito. By the way guys na Covid nga pala ako noong november 2020. Thanks God naka survive. 

2. I will be studying and digging deeper about CALMA strategy which is I found na bagay sa aking bilang isang OFW dahil wala akong time to monitor the entire trading day. Isa isahin ko ang mga indicators ng CALMA and I will explore also other strategies na ma longer time frame like CALMA.

3. I will read again all the books na nabasa ko na kasi nga when I read those books during my first two years sa pag trade.. there are terms na hindi ko pa ma gets. Pero kong basahin ko ulit siguro ito ngayon ay mas maintindihan ko ito. 

4. I will keep journaling my trades sa quicken, sa excel, sa PL trades and uploading videos here on youtube dahil this channel serves as my journal also sa aking pag nanais na matutung mag trade.

So guys, ikaw? ano ang trading goals mo nitong 2021? let me know sa comments below baka pwede kung idagdag sa mga goals ko din. 

And to end this video, let's answer the question bakit kailangang may goals tayo? Para sa aking this is my way of tracking my progress. Kasi kung wala kang goals or targets, para bang wala kang specific na pupuntahan. So, we need to have goals para meron kang direction na pupuntahan, but remember also, that before you plan for your goals you need to establish first kung nasaan ka ngayon. That is your point of reference going to where or what you want to achieve.

Thank you so much for watching. See you on my next video.