what i read today: Everyone’s Becoming Too Short Term (31 dec 2013)

http://joefahmy.com/2013/12/30/short-term/

just charts: MER/Manila Electric Company (31 dec 2013)

mer chart as of 27 dec 2013 

(click on the chart to enlarge)

remarks: 

what i watched today: Applying Warren Buffett's Advice (29 dec 2013)

https://www.youtube.com/watch?v=fJaehCq50GM

just charts: MBT/Metropolitan Bank and Trust Company (27 dec 2013)

mbt chart as of 27 dec 2013 

(click on the chart to enlarge)

remarks:

1. mbt closes 2013 @75.55 .... just a bit below its current resistance @75.70 ...

2. the macd histogram is still rising ... same with the sts ... which is also still within the trading zone ...

3. im just continuing to hold ... possibly adding a few more mbt's if the price closes above 75.70 in the coming days  ...

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

just charts: AGI/Alliance Global Group, Inc. (24 dec 2013)

agi chart as of 23 dec 2013 

(click on the chart to enlarge)

remarks: 

what i read today: Ignore market predictions, react instead (24 dec 2015)

What works best for most investors is to not be predictive at all. Instead, be reactive, at least with your nest-egg money.

....

I work with a few other money managers who use this scary thing called "math" to help follow the trends of the markets. What the best quantitative tactical-asset managers have been able to do for my clients is, in fact, ride the markets most of the way up, while ducking away from most of the downside in corrections. They're not perfect of course, but they tend to beat both mutual fund managers and the passive indexes.

http://www.marketwatch.com/story/ignore-market-predictions-react-instead-2013-12-19

what i watched today: Stock Manipulation: Profit From Others Duplicity (22 dec 2013)

http://www.smbtraining.com/blog/stock-manipulation-profit-from-others-duplicity

what i read today: Warren Buffett's Secrets Uncovered by New Study (17 dec 2013)

http://www.fool.com/investing/general/2013/12/07/warren-buffetts-secrets-finally-uncovered-by-hedge.aspx

just charts: PHISIX (15 dec 2013)

phisix chart as of 13 dec 2013 

(click on the chart to enlarge)

remarks: 

what i read today: 10 Things You Need To Know Before You Start Trading Every Morning (15 dec 2013)

http://zortrades.com/10-things-you-need-to-know-before-you-start-trading-every-morning/

just charts: JFC/Jollibee Foods Corporation (08 dec 2013)

jfc chart as of 06 dec 2013 

(click on the chart to enlarge)

remarks: 

what i watched today: The Wall Street Code (30 nov 2013)

https://www.youtube.com/watch?v=kFQJNeQDDHA#t=234

just charts: PCKH/Pancake House, Inc. (28 nov 2013)

PCKH chart as of 28 nov 2013 

(click on the chart to enlarge)

remarks: 

what i read today: Warren Buffett's Greatest Wisdom (22 nov 2013)

http://www.fool.com/free-report/stock-advisor/warren-buffetts-greatest-wisdom/page1?iid=51553406&vsaid=6680&email=shoyu_ramen%40yahoo.com&dest_url=%2Ffree-report%2Fstock-advisor%2Fwarren-buffetts-greatest-wisdom%2Fpage1&src=isaeditxt0900069

what i read today: Trading Rules: Strategies for Success (17 nov 2013)

http://www.michaelcovel.com/2013/11/17/trading-rules-strategies-for-success/

just charts: GLO/Globe Telecom, Inc. (16 nov 2013)

GLO chart as of 15 nov 2013 

(click on the chart to enlarge)

remarks: 

just charts: GTCAP/GT Capital Holdings, Inc. (15 nov 2013)

gtcap chart as of 15 nov 2013 

(click on the chart to enlarge)

remarks: 

just charts: MARC/Marcventures (12 nov 2013)

marc chart as of 12 nov 2013 

(click on the chart to enlarge)

remarks:

1. marc closes past the 4-peso border .... reaching 4.04 before ending the session@4.01 ...

2. the macd histogram continues to rise ... the sts still @oberbot levels  ...

3. keeping my supports @4 pesos and @3.90 ...

4. still holding my position .... just adjusting my trailing stops ...

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

what i read today: Why Traders Must Play Championship Defense (10 nov 2013)

http://newtraderu.com/?p=5521

just charts: LTG/LT Group Inc (09 nov 2013)

ltg chart as of 08 nov 2013 

(click on the chart to enlarge)

remarks:

1. ltg breached the 15.30 and 15.00 supports yesterday ... finally settling at its lows @14.52 ...

2. the macd histogram reversed direction after altready improving the past few days ....

3. the sts which is already at the obersold territory ... went further down ...

4. im just monitoring ltg .... next supports: 14.50 and 14 pesos ...

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

just charts: MARC/Marcventures (08 nov 2013)

marc chart as of 08 nov 2013 

(click on the chart to enlarge)

remarks:

1. marc continued its ascent after a day's retreat last wednesday ...closing near its high today @3.89 ... after momentarily hitting its intraday top of 3.92 ...

2. the macd histogram is up for the second day .. after a 10-day decline the past week and just changing direction yesterday ...

3. the sts is still oberbot...

4. im just holding on to my position .... adjusting my trailing stops ...

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

what i read today: Playing Bridge & Investing: Is There a Connection? (01 nov 2013)

http://www.warrenbuffett.com/playing-bridge-investing-is-there-a-connection/

what i read today: 12 or 13 Things I Learned About Life From Daytrading Millions (31 oct 2013)

http://jamesaltucher.quora.com/12-or-13-Things-I-Learned-About-Life-From-Daytrading-Millions-of-Dollars

what i watched today: 3 Trading Rules That Lead to Success (30 oct 2013)

- 3 Trading Rules That Lead To Success

- 3 Trading Rules That Lead To Success (Part 2) 

- The Rule That Makes It All Happen

what i read today: Market Myth: You Have To Be Right More Times Than You’re Wrong (29 oct 2013)

http://allstarcharts.com/market-myth-right-youre-wrong/

what i read today: SMB U; Ivanhoff Capital (25 oct 2013)

- Adapting The Technical Perspective

- Musings About Bubbles

today's log: marc, urc, jfc (23 oct 2013)

sold all my urc's last week

sold all my marc's this week

bot some jfc's today

just charts: JFC/Jollibee Foods Corporation (23 oct 2013)

jfc chart as of 23 oct 2013 

(click on the chart to enlarge)

remarks: 

just charts: MARC/Marcventures (21 oct 2013)

marc chart as of 21 oct 2013 

(click on the chart to enlarge)

remarks:

1. marc closed 3 cents up to 3.27 ... but on a doji ...reaching 3.36 intraday ...

2. the macd histogram is still rising ... but the sts is down ... tho still in oberbot territory ..

3. still holdng my marcs .. tho il be more watchful now with the doji ..

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

what i read today: The Top 10 Mistakes Most New Traders Make

http://newtraderu.com/?p=5303

just charts: GLO/Globe Telecom, Inc. (19 oct 2013)

GLO chart as of 18 oct 2013 

(click on the chart to enlarge)

remarks: 

just charts: MARC/Marcventures (18 oct 2013)

marc chart as of 18 oct 2013 

(click on the chart to enlarge)

remarks:

1. marc broke past the 3 pesos psych resistance ... closing @3.24 ... just a tick off its intraday high .. a gain of 9.46% over is 2.96 close yesterday ...

2. both the histogram and sts are still rising ...

3. i sold all my marc's last wednesday ... in case the us default issue was not resolved .. but bot bak my marc's and some more the next day when the us senate temporarily resolved the ceiling matter ... 

4. im continuing to hold my marc's now .. merely adjusting my trailing stops ...

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

what i read today: The Eight Principles of Elite Traders (14 oct 2013)

http://www.smbtraining.com/blog/the-eight-principles-of-elite-traders?utm_source=rss&utm_medium=rss&utm_campaign=the-eight-principles-of-elite-traders

just charts: MARC/Marcventures (14 oct 2013)

marc chart as of 14 oct 2013 

(click on the chart to enlarge)

remarks:

1. marc surged past the 2.50 psych resistance ... reaching an intraday high of 2.69 before closing@2.65 ... up 13.73% for the day ... 

2. the macd histogram and the sts both continue to rise ... the sts is already oberbot ...

3. i still have my marc's .. just adjusting my trailing stop .... possibly sell half my position next trading day and hold onto to the other half until my stop is hit ..

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

what i read today The Principle of Non-Action (11 oct 2013)

http://www.mercenarytrader.com/2013/10/the-principle-of-non-action/

just charts: URC/Universal Robina Corporation (10 oct 2013)

urc chart as of 10 oct 2013 

(click on the chart to enlarge)

remarks:

1. urc breached the 120 barrier and closed @120.80 after hitting a high of 122.60 intraday ...

2. the macd histogram continues to go up ...  altho no buy signal yet ... same with the sts .. it is advancing but also no buy signal still ...

3. im just holding my urc's ... adjusting my trailing stops ... will sell when these stops are hit ..

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

just charts: MARC/Marcventures (08 oct 2013)

marc chart as of 08 oct 2013 

(click on the chart to enlarge)

remarks:

1. marc closed @2.38 .. on its 2nd-day of advance after more than 6 months of stay below the psychological 2-peso mark ...

2. the macd just gave a buy signal yesterday ... the sts gave a buy signal last week ..

3. anything goes from now on i guess ... its been up about 20% from friday's close last week ... tomoro is the 3rd day since the 2 peso breakout .. so im expecting some profit taking from the t+3 traders ...  im just holding and adjusting my stops ..

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

video: Where to Place Your Trading Stop (06 oct 2013)

https://www.youtube.com/watch?v=C9rfeg7Oa4o&feature=c4-overview&list=UU1yO8vn--DSU_MCXH-hQ4Dw

what i read today: Twenty Reasons Why My Trading is Profitable (03 oct 2013)

http://newtraderu.com/?p=5123

just charts: MBT/Metropolitan Bank and Trust Company (28 sept 2013)

mbt chart as of 27 sept 2013 

(click on the chart to enlarge)

remarks:

1. mbt has been declining the entire week ... closing last friday @88.50 ..

2. the macd histogram and the sts have been going down likewise in sympathy with the price ... altho both have not yet given sell signals ..

3. seems ive been lucky in selling my mbt friday the week before ... will just continue waiting and monitoring for the next reentry ...

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

what i read today: Do We Actually Buy A Piece of A Business When We Buy Stocks? (28 sept 2013)

http://ivanhoff.com/2013/09/27/actually-buy-piece-business-buy-stocks/

what i read today: Why the Mega-Rich Get Richer (23 sept 2013)

http://www.investmentu.com/2013/September/why-the-mega-rich-get-richer.html

just charts: MBT/Metropolitan Bank and Trust Company (22 sept 2013)

mbt chart as of 20 sept 2013 

(click on the chart to enlarge)

remarks:

1. mbt breaks past the 90 pesos resistance .. closing @90.80 after even going above 91 intraday ... 

2. the macd histogram is still rising .. with the sts already at oberbot levels the entire week ..

3. i already closed my position last friday ... just content with a modest gain ... 

for an explanation of the indicators ... click: here 

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

what i read today: 25 Market Insights From Jesse Livermore (20 sept 2013)

http://stocktwits50.com/2013/09/15/25-market-insights-from-jesse-livermore/

what i read today: Livermore and Living with Risk (17 sept 2013)

http://www.spiketrade.com/blog/?p=2531

what i listened to today: Mike Bellafiore Interview with Michael Covel on Trend Following Radio (17 sept 2013)

http://www.michaelcovel.com/2013/09/15/ep-157-mike-bellafiore-interview-with-michael-covel-on-trend-following-radio/

what i read today: On the immorality of stake-free forecasts (10 sept 2013)

http://abnormalreturns.com/on-the-immorality-of-stake-free-forecasts/

what i read today: Reacting versus Predicting in Trading (10 sept 2013)

http://newtraderu.com/?p=4884

just charts: GTCAP/GT CAPITAL HOLDINGS, INC. (08 sept 2013)

gtcap chart as of 06 sept 2013 

(click on the chart to enlarge)

remarks: 

what i read today: David Stockman on his Book and the Bailouts (07 sept 2013)

http://www.lewrockwell.com/2013/09/david-stockman/exposing-crony-capitalists/

stok tots: exits (07 sept 2013)

The key above all else is always to have a plan to get out of every trade before you get in. Before each trading day begins think about what you will do based on the price levels your open trade is at and where it may go.

 7 Good Ways To Exit a Trade

http://newtraderu.com/?p=4870

what i read today: Lessons Learned From A Million Dollar Loser (06 sept 2013)

http://howoftrading.com/lessons-learned-million-dollar-loser/

what i read today: A Few Lessons From Sherlock Holmes (06 sept 2013)

http://www.farnamstreetblog.com/2013/09/a-few-lessons-from-sherlock-holmes/

stok tots munger (05 sept 2013)

“…It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”

- Charlie Munger

http://www.mercenarytrader.com/2013/09/the-too-hard-bucket/

what i read today: A Trader’s Most Important Question (05 sept 2013)

http://newtraderu.com/?p=4835

what i listened to today: The Faceless Trader: Chicken nuggets Of Wisdom #1 (05 sept 2013)

The Faceless Trader
Chicken Nuggets of Wisdom #1 – George Horace Lorimer
http://facelesstrader.wordpress.com/2013/08/21/chicken-nuggets-of-wisdom-1-george-horace-lorimer/
http://www.educreations.com/lesson/view/chicken-nuggets-of-wisdom-1/9676110/?ref=appfb

stok tots (04 sept 2013)

1. Coat tailing is when a trader follows a guru’s trades instead of learning to trade correctly themselves.

http://newtraderu.com/?p=4823

what i read today: Trade Like A Casino, Not A Gambler (02 sept 2013)

http://newtraderu.com/?p=1764

just charts: AGI/Alliance Global Group, Inc. (02 sept 2013)

agi chart as of 02 sept 2013 

(click on the chart to enlarge)

remarks: 

what i read today: The Top Ten Trades of All Time (01 sept 2013)

 Letting the right winner run can change a traders life. Do not set a target but instead let the price take us out of the trade.

http://newtraderu.com/?p=4773

just charts: GTCAP/GT CAPITAL HOLDINGS, INC. (01 sept 2013)

gtcap chart as of 30 aug 2013 

(click on the chart to enlarge)

remarks: 

what i read today: Financial Statement Analysis for Beginners (01 sept 2013)

http://www.investinganswers.com/education/financial-statement-analysis/financial-statement-analysis-beginners-1984

what i read today: 42 Ways To Trade Like A Market Wizard (31 aug 2013)

http://newtraderu.com/?p=4766

just charts: AGI/Alliance Global Group, Inc. (31 aug 2013)

agi chart as of 30 aug 2013 

(click on the chart to enlarge)

remarks: 

just charts: GTCAP/GT CAPITAL HOLDINGS, INC. (28 aug 2013)

gtcap chart as of 28 aug 2013 

(click on the chart to enlarge)

remarks: 

what i read today: Ditch the Hedonic Treadmill (28 aug 2013)

i find this a great read .. i hope u do too ;)

http://www.bullfax.com/?q=node-ditch-hedonic-treadmill

just charts: quikie (27 aug 2013)

phisix chart as of 12 pm lunchtime, 27 aug 2013 

(click on the chart to enlarge)

remarks: 

what i read today: Getting on the Path to Greatness: “Talent is Overrated” Review (27 aug 2013)

 Whatever it is you like (or love) to do, the fact that you don’t hate it means you probably have the basic tools — and so there’s no reason you can’t get better, maybe a lot better. And so, at the end of the day, there is simply no real excuse for not being great.

Greatness requires dedication and sacrifice, period. Being good at something requires a fair amount… being great requires a huge amount. If you truly desire greatness — or simply to be great at what you do — then much sacrifice is required.

 Is it true that talent is overrated? Well, yes. Based on these findings, absolutely. But that doesn’t mean talent plays no role in success. It simply means that having some modicum of talent (whether imparted by genes or favorable early developments) is often a necessary, but not sufficient, condition for success. That lack of sufficiency, i.e. talent alone not being “enough,” or even anywhere close to enough, is an absolutely critical point.

It’s no statistical accident, for example, that the less flashy “work horses” of the baseball and basketball worlds tend to have longer careers than their flashier co-players, thanks to a tighter regime of working hard on the fundamentals to make up for lesser natural gifts.


http://www.mercenarytrader.com/2013/08/getting-on-the-path-to-greatness-talent-is-overrated-review/

what i read today: We were right, and it sucks (26 aug 2013).

http://www.jessicarulestheuniverse.com/2013/08/26/we-were-right-and-it-sucks/

TARA LET'S DO THE MILLION PEOPLE MARCH TO LUNETA! AUGUST 26, ARAW NG MGA BAYANI

WE, THE TAXPAYERS, WANT: 
1. THE PORK BARREL SCRAPPED. 
2. THE SENATORS AND CONGRESSMEN IN THE PORK BARREL FUND SCAM INVESTIGATED AND CHARGED ACCORDINGLY, WITH FULL MEDIA COVERAGE FOR THE PEOPLE TO SEE.

HOW: With a massive "pocket picnic" get together

WHEN: 26 August 2013, 9am

WHERE: In front of the LUNETA Grandstand

COLOR: ANY COLOR YOU CHOOSE, NOT DICTATED BY ANYONE OR ANY GROUP.

STATUS/MEME/TWEET: I am *NAME* PINOY ako. I pay my taxes, on-time & in-full. YOU, my government, owe me a full explanation. @ProtestaNgBayan

HASHTAG:#TayoAngBoss #OnePinoy #MillionPeopleMarch #ProtestaNgBayan

No group banners. No political colors. No Speeches.
Just ALL OF US ordinary, tax-paying people showing GOV'T THEY ANSWER TO US. TAYO ANG BOSS DITO.

We need this outrage, anger to reach critical mass. SPREAD THE WORD. REPOST."


'Yan ang Power ng Pinoy!

"PASINTABI na po , pasasalamat, at pahiram sa kung sinoman po ang nagdisenyo ng KAMAO na unang ginamit sa "Pass the RH Bill" Campaign. Angkop-angkop po lamang para sa protesta kaya naglakas-loob na po kaming gamitin. SALAMAT PO NG MARAMI."


https://www.facebook.com/events/406846762761075/

video: Michael Covel 002: The Urban Legends of Stock Trading (26 aug 2013)

https://www.youtube.com/watch?v=cwAhsxOtzNY&list=UUgNN2gokp6U4bQCG8R5T6Iw

just charts: LTG/LT Group Inc (26 aug 2013)

ltg chart as of 23 aug 2013 

(click on the chart to enlarge)

remarks: 

in the news: gtcap, mbt (26 aug 2013)

Power shift

After selling a 20-percent stake in power generation unit global Business Power Corp. (GBPC) to Orix Corp. of Japan for P7.15 billion last June, the group of taipan George Ty is likely to consolidate the remaining stake held by the Metrobank group into conglomerate GT Capital Holdings.

Metrobank, through investment banking unit First Metro Investment Corp., has a remaining interest of 29.11 percent in GBPC, which means that it can still unlock more than P10 billion (based on the pricing of the most recent deal with Orix) in extraordinary gains this year by selling the residue to the parent.

The banking unit can choose to defer the sale to GT Capital until next year so as to cushion the expected decline in net profit next year after this year’s hefty extraordinary gains. But our sources say the more likely scenario is to complete the restructuring this year ahead of the implementation of stiffer capital adequacy ratio requirements under the Basel 3 framework.

The prospective transfer of the remaining stake in GBPC to parent firm GT Capital, which already controls 50.89 percent of the power-generation unit, relieves Metrobank from large capital calls inherent in a capital-intensive business like power generation. It also allows the Metrobank group to focus on its core business of banking, whereas previously serving as the de facto holding firm for the Tys’ non-allied businesses. GT Capital now aptly serves such purpose.

This 2013 is also the year that Metrobank could end the year as the most profitable bank in the country, dislodging Bank of the Philippine Islands. Full-year net profit this year is widely expected to exceed P20 billion, partly due to one-time gains from the sale of shares in the car and power-generation businesses. Doris C. Dumlao

http://business.inquirer.net/140257/biz-buzz-15