first, a brief introducton about myself ...
im a trader whose been trading for about 25 years (around 1991) ... my first trades were a 2000 share bet on ans at 1 peso (which i sold six months later at 2 pesos ... ang saya ko nun) ... and an IPO on shang (two-1000 share bets ... nasa akin pa den yun stock certificate until today) ... also among my first trades was a 1000 share IPO of ali (the IPO price was 21 pesos which i subsequently sold for 27 pesos) ...
i was first a fundamentalist ... trading mostly using p/e ratios as my guide ... buying stocks with p/es below 10x ... i was a fundamentalist for quite a time ...
then i became unemployed january 2005 ... forcing me to focus on stock trading on a full-time basis (wala ako ginagawa sa bahay e ... so ano gagawin ko? e di nag stocks na lang ako tuloy tuloy) ..
only then did i slowly evolve into what i am now ... a "short term trend follower" ... matagal and mabagal ang aking pag-transform and i still am evolving ... .
so what is a short term trend follower? ... i do not know if there is anybody else calling himself a short term trend follower ... so i am making a definition that is only applicable to me ...
a short term trend follower is one who uses ...
- a daily chart as a tool (not a weekly or monthly chart ... nor a chart that has a shorter duration than 1-day (1- 5 -10-second etc charts) ...
- the stochastic oscillator as a secondary indicator (15, 3, 5 periods)
- a cut-loss and trailing stops ...
i will add on to the above listed definition as i further evolve in my trading journey ...