Friday, June 18, 2010
Monday, May 31, 2010
Stock Picks/Recommendations - May 31
1. BANCO DE ORO UNIBANK,INC (BDO)
May 28 closing price - 43.50
2. SM INVESTMENTS CORP. (SM)
May 28 closing price - 397.50
May 28 closing price - 43.50
2. SM INVESTMENTS CORP. (SM)
May 28 closing price - 397.50
Sunday, May 30, 2010
end of week review
May 21 PSEi - 3,179.36
May 28 PSEi - 3,252.63
Percentage gain/(loss) - 2.30%
May 24 picks:
1. PHIL. LONG DIS TEL CO. (TEL)
May 21 Opening price - 2460.00
May 28 Closing price - 2400.00
Week High - 2465.00
Percentage gain/(loss) - (2.43%)
%age gain if sold on week high price - 0.20%
2. OMICO CORPORATION (OM)
May 21 Opening price - 0.013
May 28 Closing price - 0.013
Week High - 0.014
Percentage gain/(loss) - 0.00%
%age gain if sold on week high price - 7.69%
May 28 PSEi - 3,252.63
Percentage gain/(loss) - 2.30%
May 24 picks:
1. PHIL. LONG DIS TEL CO. (TEL)
May 21 Opening price - 2460.00
May 28 Closing price - 2400.00
Week High - 2465.00
Percentage gain/(loss) - (2.43%)
%age gain if sold on week high price - 0.20%
2. OMICO CORPORATION (OM)
May 21 Opening price - 0.013
May 28 Closing price - 0.013
Week High - 0.014
Percentage gain/(loss) - 0.00%
%age gain if sold on week high price - 7.69%
Monday, May 24, 2010
Stock Picks/Recommendations - May 24
Stock picks/recommendation for May 24-28
1. PHIL. LONG DIS TEL CO. (TEL)
May 21 closing price - 2460.00
2. OMICO CORPORATION (oM)
May 21 closing price - 0.013
1. PHIL. LONG DIS TEL CO. (TEL)
May 21 closing price - 2460.00
2. OMICO CORPORATION (oM)
May 21 closing price - 0.013
Sunday, May 23, 2010
end of week review
May 14 PSEi - 3,330.42
May 21 PSEi - 3,179.36
Percentage gain/(loss) - (4.53%)
May 17 Stock picks
1. J.G. SUMMIT HOLDINGS, INC (JGS)
May 17 Opening price - 12.00
May 21 Closing price - 12.00
Week High - 13.25
Percentage gain/(loss) - 0.00%
%age gain if sold on week high price - 10.41%
2. SECURITY BANK CORPORATION (SECB)
May 17 Opening price - 65.50
May 21 Closing price - 62.00
Week High - 65.50
Percentage gain/(loss) - (5.34%)
May 21 PSEi - 3,179.36
Percentage gain/(loss) - (4.53%)
May 17 Stock picks
1. J.G. SUMMIT HOLDINGS, INC (JGS)
May 17 Opening price - 12.00
May 21 Closing price - 12.00
Week High - 13.25
Percentage gain/(loss) - 0.00%
%age gain if sold on week high price - 10.41%
2. SECURITY BANK CORPORATION (SECB)
May 17 Opening price - 65.50
May 21 Closing price - 62.00
Week High - 65.50
Percentage gain/(loss) - (5.34%)
Monday, May 17, 2010
PSEi Outlook for May 17 - 21
http://www.absolutetraders.com/newsletter/2010/05/17/psei-outlook-for-may-17-21-2010/
Stock Picks/Recommendations - May 17
Stock picks/recommendation for May 17 - 21
1. J.G. SUMMIT HOLDINGS, INC (JGS)
May 14 Closing Price - 12.00
2. SECURITY BANK CORPORATION (SECB)
May 14 Closing Price - 66.5
1. J.G. SUMMIT HOLDINGS, INC (JGS)
May 14 Closing Price - 12.00
2. SECURITY BANK CORPORATION (SECB)
May 14 Closing Price - 66.5
Saturday, May 15, 2010
end of week review
May 7 PSEi - 3,142.06
May 14 PSEi - 3,330.42
Percentage gain/(loss) - 5.99%
May 11 Stock picks
1. ABOITIZ POWER CORPORATION (APC)
May 11 Opening price - 16.50
May 14 Closing price - 17.50
Week High - 18.00
Percentage gain/(loss) - 6.06%
%age gain if sold on week high price - 9.09%
2. SM INVESTMENTS CORP. (SM)
May 11 Opening price - 400.00
May 14 Closing price - 400.00
Week High - 400.00
Percentage gain/(loss) - 0.00%
May 14 PSEi - 3,330.42
Percentage gain/(loss) - 5.99%
May 11 Stock picks
1. ABOITIZ POWER CORPORATION (APC)
May 11 Opening price - 16.50
May 14 Closing price - 17.50
Week High - 18.00
Percentage gain/(loss) - 6.06%
%age gain if sold on week high price - 9.09%
2. SM INVESTMENTS CORP. (SM)
May 11 Opening price - 400.00
May 14 Closing price - 400.00
Week High - 400.00
Percentage gain/(loss) - 0.00%
Tuesday, May 11, 2010
Stock Picks/Recommendation - May 11
Stock picks/recommendation for May 11 - 14
1. ABOITIZ POWER CORPORATION (AP) - 15
2. SM INVESTMENTS CORP. (SM) - 382.50
1. ABOITIZ POWER CORPORATION (AP) - 15
2. SM INVESTMENTS CORP. (SM) - 382.50
Saturday, May 8, 2010
im back
It's been more than a year since i last posted an entry here. the drop in the financial market during 2008 had affected my portfolio and had discouraged me from trading actively. trading on a margin has its disadvantage. if you expect to double your gain trading on a margin during a bull market, your loss also doubles when the market falls.
The market though made a good run last 2009. Made some fine tuning on my trading strategies/techniques. I stopped day trading. im doing more of swing trading lately. i started technical analysis as well. And yes, i'm still doing margin trading.
I did travel a lot during my trading break. went around China in August 2008, Japan in November 2009 and US in March 2010. i try to visit the stock market building in places i go.


And now im back. i'm still trying to find some good trades lately. i'll continue to post my forecast and stock picks but now on a weekly basis. happy trading.
Thursday, May 14, 2009
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Sunday, March 30, 2008
Stock market investing for beginners
Many people find it exciting to invest in the stock market. Think about it — the concept of owning a portion of the fast-food outlet you go to, the airline you patronize, and the bank you have an account with and so forth makes you feel that you’re on the right track when it comes to finances. You “own” something big and that feels good.
And that’s exactly what owning shares of stock is — owning a portion of a company. You can be a stockholder by joining a corporation that’s being put up, in that case, you will also be an incorporator, or by buying shares of stock of existing corporations either privately, through a pooled fund, or via the stock market. A stockholder is also called a shareholder.
If you buy shares of stock yourself (via the stock market or by directly buying from other shareholders or by being one of the incorporators), you will be given a stock certificate saying how many shares of stock you hold in your name. Depending on the kind of stock you hold, you may be given voting rights whereby you may vote for the company officers during stockholders’ meetings, or preferred rights, where you will be given preference in decisions affecting stockholders’ holdings.
The nature of stocks
Because stocks are traded every day, their prices change a lot. The price of one share of stock at 9 a.m. when the trading day opens at the stock market may be different from its price at 12 noon. Think of the stock market as a bazaar where sellers offer goods at a certain price and buyers offer to buy them at a different price.
The stock market is very volatile. It reacts to market forces and to the political and economic climate. Thus when there is perceived political instability, the prices of stock more often than not goes down. This is because nervous stockholders dump or sell their stocks in the market so they can take their money somewhere they perceive to be safer.
In the same vein, when investors get wind of bad news about a certain corporation whose shares of stock are traded in the stock market, some of them may sell off their holdings driving the price of stock down.
On the other hand, when investors hear of something good happening in the economy or the government or in the company itself, they will buy more stocks, driving the price of stocks up. This is the law of demand and supply at work.
Since the stock prices fluctuate widely, stock market investing is recommended only for:
1. Brave hearts who are aggressive and won’t mind taking high risks for the chance to earn high returns
2. People who would like to invest in the long term, as doing so would let them ride out the market fluctuations and realize a gain in the long run
Getting into stock market investing
If you decide to invest in the stock market, there are two ways to do it:
1. Choose a licensed stockbroker. This broker will handle your “orders” and buy and sell stocks for you. You may also ask your broker for advice as brokerages employ stock market analysts who study the markets. You may choose to deal with a licensed broker who does the transactions by phone with you, or with an online broker you contact.
2. Join a mutual fund or unit investment trust fund (UITF) investing in stocks or equities. These pooled funds gather the small investments of several people then invest the money in a mix of stocks that fund managers think will do well.
Take note that investing in the stock market comes with additional fees: broker’s commission, fund fee, and documentary stamps tax.
As to how much money to put in, you may want to start with the minimum investment required first since you are still a beginning investor. Some mutual funds and UITFs accept investments for as low as P5,000 or P10,000. If you will directly invest with a broker, you may be able to put in an amount as low as P3,000 depending on the minimum board lot or the minimum number of stocks one can hold.
Although you may realize high gains by investing in a specific stock, your investment may be safer if you invest in a pooled fund. This is because your holdings will be diversified—the fund will invest in a number of stocks, not just that of one company. By doing so, investors may be better shielded from greater loss should one company stock go down; the other stocks may compensate with gains.
About IPOs
When companies want to offer their stocks in the stock market for the first time, they do an “initial public offering” (IPO). The public is given the chance to buy shares of stock at a predetermined price before the stocks are put on the stock market.
A lot of investors look out for IPOs expecting to make a quick profit. In the past, prices of IPOs go up on the day the stocks were listed in the stock market.
Read the business page to see what companies will be having IPOs soon.
Other tips
You may potentially gain a lot in the stock market, but you may also lose a lot. Go into it only after determining if you are comfortable with taking high risks in your investment.
Hold your investment in the long term to maximize the possibility of having gains. If you trade often to go after short-term gains, there’s a risk you may lose out on bigger gains offered later, such as when the company gives out high dividends or stock options, or its stock price rockets up. Returns from short-term gains should be enough to compensate for the higher fees associated with such trading.
Don’t put all your savings in stocks. Diversify and have a good mix of safe and risky investments to have an overall better yield.
And since this article isn’t enough to cover the intricacies of stock market investing, talk to a financial planner who will give you sound tips and guidelines on what are the market choices and what could best work for you.
And that’s exactly what owning shares of stock is — owning a portion of a company. You can be a stockholder by joining a corporation that’s being put up, in that case, you will also be an incorporator, or by buying shares of stock of existing corporations either privately, through a pooled fund, or via the stock market. A stockholder is also called a shareholder.
If you buy shares of stock yourself (via the stock market or by directly buying from other shareholders or by being one of the incorporators), you will be given a stock certificate saying how many shares of stock you hold in your name. Depending on the kind of stock you hold, you may be given voting rights whereby you may vote for the company officers during stockholders’ meetings, or preferred rights, where you will be given preference in decisions affecting stockholders’ holdings.
The nature of stocks
Because stocks are traded every day, their prices change a lot. The price of one share of stock at 9 a.m. when the trading day opens at the stock market may be different from its price at 12 noon. Think of the stock market as a bazaar where sellers offer goods at a certain price and buyers offer to buy them at a different price.
The stock market is very volatile. It reacts to market forces and to the political and economic climate. Thus when there is perceived political instability, the prices of stock more often than not goes down. This is because nervous stockholders dump or sell their stocks in the market so they can take their money somewhere they perceive to be safer.
In the same vein, when investors get wind of bad news about a certain corporation whose shares of stock are traded in the stock market, some of them may sell off their holdings driving the price of stock down.
On the other hand, when investors hear of something good happening in the economy or the government or in the company itself, they will buy more stocks, driving the price of stocks up. This is the law of demand and supply at work.
Since the stock prices fluctuate widely, stock market investing is recommended only for:
1. Brave hearts who are aggressive and won’t mind taking high risks for the chance to earn high returns
2. People who would like to invest in the long term, as doing so would let them ride out the market fluctuations and realize a gain in the long run
Getting into stock market investing
If you decide to invest in the stock market, there are two ways to do it:
1. Choose a licensed stockbroker. This broker will handle your “orders” and buy and sell stocks for you. You may also ask your broker for advice as brokerages employ stock market analysts who study the markets. You may choose to deal with a licensed broker who does the transactions by phone with you, or with an online broker you contact.
2. Join a mutual fund or unit investment trust fund (UITF) investing in stocks or equities. These pooled funds gather the small investments of several people then invest the money in a mix of stocks that fund managers think will do well.
Take note that investing in the stock market comes with additional fees: broker’s commission, fund fee, and documentary stamps tax.
As to how much money to put in, you may want to start with the minimum investment required first since you are still a beginning investor. Some mutual funds and UITFs accept investments for as low as P5,000 or P10,000. If you will directly invest with a broker, you may be able to put in an amount as low as P3,000 depending on the minimum board lot or the minimum number of stocks one can hold.
Although you may realize high gains by investing in a specific stock, your investment may be safer if you invest in a pooled fund. This is because your holdings will be diversified—the fund will invest in a number of stocks, not just that of one company. By doing so, investors may be better shielded from greater loss should one company stock go down; the other stocks may compensate with gains.
About IPOs
When companies want to offer their stocks in the stock market for the first time, they do an “initial public offering” (IPO). The public is given the chance to buy shares of stock at a predetermined price before the stocks are put on the stock market.
A lot of investors look out for IPOs expecting to make a quick profit. In the past, prices of IPOs go up on the day the stocks were listed in the stock market.
Read the business page to see what companies will be having IPOs soon.
Other tips
You may potentially gain a lot in the stock market, but you may also lose a lot. Go into it only after determining if you are comfortable with taking high risks in your investment.
Hold your investment in the long term to maximize the possibility of having gains. If you trade often to go after short-term gains, there’s a risk you may lose out on bigger gains offered later, such as when the company gives out high dividends or stock options, or its stock price rockets up. Returns from short-term gains should be enough to compensate for the higher fees associated with such trading.
Don’t put all your savings in stocks. Diversify and have a good mix of safe and risky investments to have an overall better yield.
And since this article isn’t enough to cover the intricacies of stock market investing, talk to a financial planner who will give you sound tips and guidelines on what are the market choices and what could best work for you.
Saturday, December 1, 2007
Nov 29
Stock Position (Start of day)
RCB 1,300 shares at 23.75 = 30,875.00
MEG 9,000 shareas at 3.80 = 34,200.00
AC 60 shares at 565.00 = 33,900.00
TOTAL PORTFOLIO = 98,975.00
TOTAL CASH = 2,510.00
TOTAL EQUITY = 101,485.00
Transactions for the day
Sold MEG 9,000 shareas at 3.95 = 35,550.00
Stock Position (End of day)
RCB 1,300 shares at 24.25 = 31,525.00
AC 60 shares at 560.00 = 33,600.00
TOTAL PORTFOLIO = 65,125.00
TOTAL CASH = 38,060.00
TOTAL EQUITY = 103,185.00
Gain/Loss = P 3,185.00
%age Gain/Loss = 3.18%
PSEi Gain/Loss = 2.39%
My stock hot picks for Dec 3
1. I-REMIT, INC. (I) - 4.80
2. SM INVESTMENTS CORP. (SM) - 327.50
3. TKC STEEL CORPORATION (T) - 8.80
RCB 1,300 shares at 23.75 = 30,875.00
MEG 9,000 shareas at 3.80 = 34,200.00
AC 60 shares at 565.00 = 33,900.00
TOTAL PORTFOLIO = 98,975.00
TOTAL CASH = 2,510.00
TOTAL EQUITY = 101,485.00
Transactions for the day
Sold MEG 9,000 shareas at 3.95 = 35,550.00
Stock Position (End of day)
RCB 1,300 shares at 24.25 = 31,525.00
AC 60 shares at 560.00 = 33,600.00
TOTAL PORTFOLIO = 65,125.00
TOTAL CASH = 38,060.00
TOTAL EQUITY = 103,185.00
Gain/Loss = P 3,185.00
%age Gain/Loss = 3.18%
PSEi Gain/Loss = 2.39%
My stock hot picks for Dec 3
1. I-REMIT, INC. (I) - 4.80
2. SM INVESTMENTS CORP. (SM) - 327.50
3. TKC STEEL CORPORATION (T) - 8.80
Wednesday, November 28, 2007
Nov 28
Stock Position (Start of day)
RCB 1,300 shares at 23.50 = 30,550.00
MER 500 shares at 69.50 = 34,750.00
MEG 9,000 shareas at 3.85 = 34,650.00
TOTAL PORTFOLIO = 99,950.00
TOTAL CASH = 1,410.00
TOTAL EQUITY = 101,360.00
Transactions for the day
Sold MER 500 shares at 70.00 = 35,000.00
Stock Position (End of day)
RCB 1,300 shares at 23.75 = 30,875.00
MEG 9,000 shareas at 3.80 = 34,200.00
TOTAL PORTFOLIO = 65,075.00
TOTAL CASH = 36,410.00
TOTAL EQUITY = 101,485.00
Gain/Loss = P 1,485.00
%age Gain/Loss = 1.48%
PSEi Gain/Loss = 1.22%
My stock hot picks for Nov 29
1. AYALA CORPORATION (AC) - 550.00
BN AC 60 shares at 550.00
RCB 1,300 shares at 23.50 = 30,550.00
MER 500 shares at 69.50 = 34,750.00
MEG 9,000 shareas at 3.85 = 34,650.00
TOTAL PORTFOLIO = 99,950.00
TOTAL CASH = 1,410.00
TOTAL EQUITY = 101,360.00
Transactions for the day
Sold MER 500 shares at 70.00 = 35,000.00
Stock Position (End of day)
RCB 1,300 shares at 23.75 = 30,875.00
MEG 9,000 shareas at 3.80 = 34,200.00
TOTAL PORTFOLIO = 65,075.00
TOTAL CASH = 36,410.00
TOTAL EQUITY = 101,485.00
Gain/Loss = P 1,485.00
%age Gain/Loss = 1.48%
PSEi Gain/Loss = 1.22%
My stock hot picks for Nov 29
1. AYALA CORPORATION (AC) - 550.00
BN AC 60 shares at 550.00
Tuesday, November 27, 2007
Nov 27
Stock Position (Start of day)
RCB 1,300 shares at 24.25 = 31,525.00
MER 500 shares at 68.50 = 34,250.00
MEG 9,000 shareas at 3.85 = 34,650.00
TOTAL PORTFOLIO = 100,425.00
TOTAL CASH = 1,410.00
TOTAL EQUITY = 101,835.00
Stock Position (End of day)
RCB 1,300 shares at 23.50 = 30,550.00
MER 500 shares at 69.50 = 34,750.00
MEG 9,000 shareas at 3.85 = 34,650.00
TOTAL PORTFOLIO = 99,950.00
TOTAL CASH = 1,410.00
TOTAL EQUITY = 101,360.00
Gain/Loss = P 1,360.00
%age Gain/Loss = 1.36%
PSEi Gain/Loss = 0.86%
Transactions for Nov 28
SN MER 500 shares at 70.00
SN MEG 9,000 shareas at 3.95
SN RCB 1,300 shares at 25.00
My stock hot picks for Nov 28
1. FILINVEST LAND, INC. (FLI) - 1.50
2. RIZAL COMM. BANKING CORP. (RCB) - 23.50
RCB 1,300 shares at 24.25 = 31,525.00
MER 500 shares at 68.50 = 34,250.00
MEG 9,000 shareas at 3.85 = 34,650.00
TOTAL PORTFOLIO = 100,425.00
TOTAL CASH = 1,410.00
TOTAL EQUITY = 101,835.00
Stock Position (End of day)
RCB 1,300 shares at 23.50 = 30,550.00
MER 500 shares at 69.50 = 34,750.00
MEG 9,000 shareas at 3.85 = 34,650.00
TOTAL PORTFOLIO = 99,950.00
TOTAL CASH = 1,410.00
TOTAL EQUITY = 101,360.00
Gain/Loss = P 1,360.00
%age Gain/Loss = 1.36%
PSEi Gain/Loss = 0.86%
Transactions for Nov 28
SN MER 500 shares at 70.00
SN MEG 9,000 shareas at 3.95
SN RCB 1,300 shares at 25.00
My stock hot picks for Nov 28
1. FILINVEST LAND, INC. (FLI) - 1.50
2. RIZAL COMM. BANKING CORP. (RCB) - 23.50
Monday, November 26, 2007
Nov 26
Stock Position (Start of day)
PA 150,000 shares at 0.22 = 33,000.00
GEO 19,000 shares at 1.82 = 34,580.00
RCB 1,300 shares at 24.00 = 31,200.00
TOTAL PORTFOLIO = 98,780.00
TOTAL CASH = 1.220.00
TOTAL EQUITY = 100,000.00
Transactions for the day
Sold PA 150,000 shares at .225 = 33,750.00
Sold GEO 19,000 shareas at 1.86 = 35,340.00
Stock Position (End of day)
RCB 1,300 shares at 24.25 = 31,525.00
TOTAL PORTFOLIO = 31,525.00
TOTAL CASH = 70,310.00
TOTAL EQUITY = 101,835.00
Gain/Loss = P 1,835.00
%age Gain/Loss = 1.84%
PSEi Gain/Loss = 1.23%
My stock hot picks for Nov 27
1. MANILA ELECTRIC COMPANY (MER) - 70.00
2. MEGAWORLD CORPORATION (MEG) - 3.85
Transactions for Nov 27
BN MER 500 shares at 70.00
BN MEG 9,000 shareas at 3.85
SN RCB 1,300 shares at 25.00
PA 150,000 shares at 0.22 = 33,000.00
GEO 19,000 shares at 1.82 = 34,580.00
RCB 1,300 shares at 24.00 = 31,200.00
TOTAL PORTFOLIO = 98,780.00
TOTAL CASH = 1.220.00
TOTAL EQUITY = 100,000.00
Transactions for the day
Sold PA 150,000 shares at .225 = 33,750.00
Sold GEO 19,000 shareas at 1.86 = 35,340.00
Stock Position (End of day)
RCB 1,300 shares at 24.25 = 31,525.00
TOTAL PORTFOLIO = 31,525.00
TOTAL CASH = 70,310.00
TOTAL EQUITY = 101,835.00
Gain/Loss = P 1,835.00
%age Gain/Loss = 1.84%
PSEi Gain/Loss = 1.23%
My stock hot picks for Nov 27
1. MANILA ELECTRIC COMPANY (MER) - 70.00
2. MEGAWORLD CORPORATION (MEG) - 3.85
Transactions for Nov 27
BN MER 500 shares at 70.00
BN MEG 9,000 shareas at 3.85
SN RCB 1,300 shares at 25.00
Saturday, November 24, 2007
What is Day Trading?
Day trading (and trading in general) is the buying and selling of various financial instruments, such as futures, options, currencies , and stocks, with the goal of making a profit from the difference between the buying price and the selling price. Day trading differs slightly from other styles of trading in that positions are rarely (if ever) held overnight or when the market being traded is closed.
Day trading was originally only available to financial companies (such as banks), because only they had access to the exchanges and market data, but with recent technology such as the Internet, individual traders now have direct access to the same exchanges and market data, and can make the same trades at very low cost.
Trading Styles
There are several different styles of day trading, suited to different day trader personalities.
The styles range from short term scalping where positions are only held for a few seconds or minutes, to longer term swing and position trading where a position may be held throughout the trading day. Most day trading systems have a lot of flexibility, and can have open positions for anywhere from a few minutes to a few hours, depending upon how the trade is doing (whether it is in profit). Some day traders will trade multiple styles, but most traders will choose a single style and only take that type of trade.
Day trading also has different types of trade, such as trend trades, counter-trend trades, and ranging trades. Trend trades are trades in the direction of the current price movement (i.e. buying if the price is moving up), and counter-trend trades are trades against the direction of the current price movement (i.e. selling if the price is moving up). Ranging trades are trades that go back and forth between two prices, and are used when the market is moving sideways. Most day traders will choose a single type of trade, but some traders will take different types, and choose which one to trade depending upon the current condition of the market.
In addition to the style and type of day trading, there are other variances between day traders. Some day traders like to make many trades throughout the trading day, while others prefer to wait for what they consider the best conditions for their trade, and perhaps only make one trade per day. However many trades are made, the trading process that is used, and the desired goal of making a profit, are the same.
http://daytrading.about.com/od/daytradingbasics/a/WhatIsDayTradin.htm
Day trading was originally only available to financial companies (such as banks), because only they had access to the exchanges and market data, but with recent technology such as the Internet, individual traders now have direct access to the same exchanges and market data, and can make the same trades at very low cost.
Trading Styles
There are several different styles of day trading, suited to different day trader personalities.
The styles range from short term scalping where positions are only held for a few seconds or minutes, to longer term swing and position trading where a position may be held throughout the trading day. Most day trading systems have a lot of flexibility, and can have open positions for anywhere from a few minutes to a few hours, depending upon how the trade is doing (whether it is in profit). Some day traders will trade multiple styles, but most traders will choose a single style and only take that type of trade.
Day trading also has different types of trade, such as trend trades, counter-trend trades, and ranging trades. Trend trades are trades in the direction of the current price movement (i.e. buying if the price is moving up), and counter-trend trades are trades against the direction of the current price movement (i.e. selling if the price is moving up). Ranging trades are trades that go back and forth between two prices, and are used when the market is moving sideways. Most day traders will choose a single type of trade, but some traders will take different types, and choose which one to trade depending upon the current condition of the market.
In addition to the style and type of day trading, there are other variances between day traders. Some day traders like to make many trades throughout the trading day, while others prefer to wait for what they consider the best conditions for their trade, and perhaps only make one trade per day. However many trades are made, the trading process that is used, and the desired goal of making a profit, are the same.
http://daytrading.about.com/od/daytradingbasics/a/WhatIsDayTradin.htm
Nov 23
How my hot picks performed:
1. 1. SM INVESTMENTS CORP. (SM) - 330.00
Open - 327.50
High - 332.50
Close - 330.00
%age gain - 1.53%
2. GLOBE TELECOM, INC. (GLO) - 1,405.00
Open - 1,405.00
High - 1,425.00
Close - 1,420.00
%age gain - 1.42%
3. FIRST PHIL HLDGS CORP (FPH) - 61.00
Open - 61.50
High - 61.50
Close - 60.00
4. VISTA LAND & LIFESCAPES (VLL) - 4.75
Open - 4.75
High - 4.90
Close - 4.90
%age gain - 3.15%
Stock Position (Start of day)
FPH 400 shares at 61.00 = 24,400.00
GEO 19,000 shares at 1.80 = 34,200.00
SM 110 shares at 327.50 = 36,025.00
TOTAL PORTFOLIO = 94,625.00
TOTAL CASH = 2,515.00
TOTAL EQUITY = 97,140.00
Transactions for the day
Sold GEO 19,000 shares at 1.80 = 35,340.00
Stock Position (End of day)
FPH 400 shares at 60.00 = 24,000.00
SM 110 shares at 330.00 = 36,300.00
TOTAL PORTFOLIO = 60,300.00
TOTAL CASH = 37,855.00
TOTAL EQUITY = 98,155.00
Gain/Loss = (1,8450.00) - (1.85%)
PSEi Gain/Loss = (4.14%)
My stock hot picks for Nov 26
1. PACIFICA (PA) - 0.215
2. GEOGRACE RES. PHIL., INC. (GEO) - 1.76
3. RIZAL COMM. BANKING CORP. (RCB) - 23.50
Transactions for Nov 26
BN PA 150,000 shares at 0.215 = 32,250.00
BN GEO 19,000 shares at 1.76 = 33,440.00
BN RCB 1,400 shares at 23.50 = 32,900.00
1. 1. SM INVESTMENTS CORP. (SM) - 330.00
Open - 327.50
High - 332.50
Close - 330.00
%age gain - 1.53%
2. GLOBE TELECOM, INC. (GLO) - 1,405.00
Open - 1,405.00
High - 1,425.00
Close - 1,420.00
%age gain - 1.42%
3. FIRST PHIL HLDGS CORP (FPH) - 61.00
Open - 61.50
High - 61.50
Close - 60.00
4. VISTA LAND & LIFESCAPES (VLL) - 4.75
Open - 4.75
High - 4.90
Close - 4.90
%age gain - 3.15%
Stock Position (Start of day)
FPH 400 shares at 61.00 = 24,400.00
GEO 19,000 shares at 1.80 = 34,200.00
SM 110 shares at 327.50 = 36,025.00
TOTAL PORTFOLIO = 94,625.00
TOTAL CASH = 2,515.00
TOTAL EQUITY = 97,140.00
Transactions for the day
Sold GEO 19,000 shares at 1.80 = 35,340.00
Stock Position (End of day)
FPH 400 shares at 60.00 = 24,000.00
SM 110 shares at 330.00 = 36,300.00
TOTAL PORTFOLIO = 60,300.00
TOTAL CASH = 37,855.00
TOTAL EQUITY = 98,155.00
Gain/Loss = (1,8450.00) - (1.85%)
PSEi Gain/Loss = (4.14%)
My stock hot picks for Nov 26
1. PACIFICA (PA) - 0.215
2. GEOGRACE RES. PHIL., INC. (GEO) - 1.76
3. RIZAL COMM. BANKING CORP. (RCB) - 23.50
Transactions for Nov 26
BN PA 150,000 shares at 0.215 = 32,250.00
BN GEO 19,000 shares at 1.76 = 33,440.00
BN RCB 1,400 shares at 23.50 = 32,900.00
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