Thursday, June 2, 2016

stok tots: what is a "short term trend follower?" (02 JUNE 2016)

first, a brief introducton about myself ...

im a trader whose been trading for about 25 years ... 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 macd as a prinary indicator (moving average convergence divergence) ...

-  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 ...