10 Stock Lessons I Had To Learn The Hard Way

Thursday, February 25, 2010

Here are 10 things that anybody trying stock trading should know. Most of these are fairly common sense, but you'd be surprised how many people violate them anyway, in the name of losing money for the sake of stupidity. I know I did. In any case, I'm going to try and save you the hassle of going through some of my most gut wrenching experiences. If you listen, good. If you don't well, treat this as a program brochure for the play "How The Fuck Do You Lose Your Money" starring your trading self.

Oh, yeah, it's written in Tagalog since I wrote it for another website.

1. Pag kumita, wag makati ang kamay at bili ng bili. lalong mawawaldas ang kita mo pag naexcite ka pumasok ulit. Bumili ka na lang ng dvd.

2. Pag nalulugi, wag maging desperado humanap ng ibang stock na makakabawi ng pagkalugi. Mahirap magisip ng tuwid pag desperado. Lalo ka lang mawawalan. Cut loss agad, tapos wag magpadala sa agos ng trading.

3. Wag sakim. Pag nakita mo na may kita ka na at medyo kuntento ka na dito, wag mo na hantayin pa na nasa tuktok na ang presyo. Pag nakalabas na at umakyat pa rin, wag na pumasok.

4. Speaking of labas-pasok, iwasan ito. Broker lang ang kikita. Matutong maging pirmi.

5. Pag maganda ang ekonomiya, buy and hold ang pinakasafe na paraan, except kung "wonderstock" ang usapan. Dapat dun lagi nasa labas na ang isang paa mo palagi. Ready to run palagi, parang si Erap.

6. Wag mangakit ng iba pang tao pumasok sa stock market dahil lang sa isang tip. Marami nang tanga na nalulugi sa market. Wag na paramihin pa. Dadami lang kaaway mo at dadami lang ang katulad ko.

7. Iwasan maging emosyonal. Kung gusto mo magventout, bumili ka ng punching bag, o di kaya makipaginuman ka sa kanto.

8. Wag maniwala sa kahit na sino. Kahit si Andres Bonifacio pa yan, pag may payong stock sayo, pagaralan muna. Hindi lahat ng bagay nabubuhay pagkatapos ng 3 araw.

9. Magbasa ng TP at dyaryo araw-araw. Hindi lang ng isang guru, lahat. Big picture dapat palagi, parang Imax.

10. Ugaliing magpasalamat. Sa dyos, sa mga bossing dito sa TP, sa broker mo, at higit sa sa lahat sa sarili mo, kasi ikaw ang sarili mong boss pagdating sa trading, wala nang iba.

Life, Love, The Works

It's been a while since I last updated this blog, and it seems to have been raped by enough robots to be able to sell the rights to a filmhouse making nerd porn. As is customary, I am now to enumerate updates on my life (i.e. best attempts at excuses why I wasn't posting anything noteworthy)

Actual excuses worthwhile endeavours after the jump.

1. I've been pouring extra effort in stock trading. My recent losses with MPI and LodeStar Mining have now gone down from six digits to a paltry four digits thanks to IPVG-E-Games and well, Loadstar Mining. With this I am glad to report that after all those stupid things I did, fate has been kind enough to ensure that I will not spend my latter years sleeping in the streets shirtless. Lately I'm tempted to go back to the stock market, but I'd like to take the time to reevaluate some of my personal trading advices (apart from "Just don't"). I'll post them later here, in case you also want to stake your future on a field as random as John Lloyd Cruz's dancing. Current position 30% cash, 10% stock, 60% canned goods. (SPAM does not devaluate, and worse comes to worst it's a good source of protein)

2. Chemical Manila, my ongoing apocalyptic speculative novel is still ongoing, now standing at 19 chapters, approximately 22,000 words, and a zero audience base. Apparently less people want to read about Chemical Manila that's actually set in Manila, compared to the earlier release that was set in Laguna. Maybe it's the hotsprings. Anyway it doesn't matter. The story will continue as I see fit. Meanwhile, if you're interested, link can be found here: CLICK HERE.

3. I've been writing for the soft reboot of the magazine I used to audition for. So far I've written three full articles already with another one coming up for the next issue. I'll be giving more information on this as the issue actually comes out, because even if I told everybody here that yes, some editor was crazy enough to actually thinks that the things I write here are fit for paid consumption (haha. hi pao), nobody would believe me. But yeah, it's been consuming my time and mostly creative energies. Kinda like Noynoy Aquino's gray material. When you work with very small amounts of something, you'd be surprised how often it gets drained.

4. I finally got myself a new computer, and seeing as my last computer's capabilities go only as far as 2003, I now have a backlog of 7 years worth of games to play. Just to demonstrate how far that goes, the only Call of Duty game I played until I finished Call of Duty World at War game a few days ago was Call of Duty 1. Without the expansion. So now I'm dunking myself headfirst into gaming again, although my body is now protesting against it, having been used to playing simple games that don't chuck photorealistic and highly dynamic environments in your eyes, which is the equivalent of trying to fit our First Gentleman into a handcarry luggage (forgive the comparisons, I can't really think of a lot of fat people analogies lately. They weigh me down)

5. Bonds. I've also gone into the bonds market now. My mother's been more than happy to teach me the ins and outs but so far, I've been as absorbent as a piece of marble. It's a whole different ballgame from the stock market and it moves at the pace of our economic development, and literally. Boring, but dependable I'd say. Still, you can't really beat 6% a year for dollar accounts.

6. Work. I can't really elaborate anymore how much work I have. I've long since given up trying to make sense out of all of it but I realize my job is still a whole lot better than Noynoy Aquino's PR staff. At least for my case, my problems aren't affecting national stability. I'm now open to any other major developments in my career, though in keeping with my principle that's exclusively based on the virtue of sloth, I'd rather stay here.

7. Digiworx and me are now officially part of the final roster of people who submitted movies to the Fully Booked Philippine Graphic Literature Awards. You can still vote for us (see post after this one) on the online poll thingie. We can get free IPod Touches for it. I'll be so generous to share you a free mp3 song if you vote for us and we win. (Download costs from 4shared not included)

8. My girlfriend, for if not for her my world would have long since crumbled. Well, maybe not really. I just thought it'd be awfully sweet if I said that, as though I'm dedicating a book to her, only I have no book yet, and I want instant gratification. Seriously though, we need more time together. Like we still haven't finished both Left 4 Dead installments. Maybe I need to put that on top of my things to do list. Yeah that.

Anyway, that's it for today. I have to go back to work now.


Thursday, February 18, 2010

Our Fully Booked Philippine Graphic Literature Awards 2009 entry for Short Film has been short listed. Story and script was written by me, while the film was directed by my cousin Gharawi Usman. Please vote for us using this link:


Lost and Found is a short film that plays with the ruinous irony of granted wishes. Filipinos are raised in a culture that demands respect for elders at the constant threat of karmic retribution. The story of Lost and Found is a take on this idea, delivering poetic justice to a disrespectful young woman simply too eager to skip out on her family duties.

We really worked hard on this. Like ass hard. So we appreciate any votes you can give.



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