My Personal Stock Trading Goals

If we want to succeed in anything that we do, we need to set our goals so we can plan our actions to reach that goal.  It's just plain and simple ... we won’t know what to do if we don’t know what we want.

Same thing with stock trading, in order for us to develop an effective trading strategy, we need to set our goals first and it should be measurable and simple.  It is easier to develop a trading strategy if our goals are measurable and simple.

At first I don’t have measurable goals in my trading, all I want is to earn but later on I developed my trading goals which are measurable and simple.  Here are the two trading goals which I set:

a.       To trade stocks without losing any centavo in any transaction ... this may raise the eyebrows of a lot of stock traders out there but I have set it as my goal and so far I have satisfied this goal in all my transactions.

b.      To make a profit of 400 pesos minimum in any trade.  

Your goal may be different from mine but what is important is you have set your goal and you are happy with it.  From there you can develop the trading strategy that will help you achieve your trading goals.

Trading in the Stock Market

Trading in the stock market is just like buying and selling.  You buy stocks when the price is low and sell it when you already realize the profit you have targetted from it. There is no physical products involved, just the computer, internet connection and the broker's trading platform (this is applicable for on-line trading).

I'm not a professional stock trader who uses graphs and indicators to enter or exit a certain trade but I have developed my own strategy and so far, I'm earning decently from my trades although I don't earn daily but overall, at the end of the year, I am able to profit 30% to 40% of my capital.  Doesn't sound much for professional traders but for a simple mother who wants to augment the family's income, it's already a big thing for me ... payment for insurance premiums and other family expenditures which I don't need to get from my husband's pay check.

Aside from the earnings that I get from stock trading, I also enjoy exercising my skills on planning and decision making in making my trades, it just makes my mind working and I love it.

What is important in stock trading is that you have your plan and you have the fund so you can execute your plan but always remember this, trade only the extra money that you have ... not the money for your family's monthly budget, not the money for emergency purposes and most of all not the money that you have borrowed. 

How to Start Investing/Trading in the Stock Market

I have talked to some friends who have been interested in investing in the stock market for a long time it's just that, they don’t know how to start.  Well, I told them, if you’re really serious in getting involved with the stock market, have the extra money to invest or trade and you are willing to take the risks (which can actually be managed), getting started is just simple.

The only thing you have to do is to open an account with a stock broker.  It is the only way anyone can transact business with the stock exchange.

There are a lot of licensed stock brokers in the Philippine Stock Exchange, you can visit the PSE website and click on the trading participants to get the complete list.  The list is really long that if you’re new in the stock market, it would be a headache to choose which stock broker you are going to transact to so this is where information from friends and some research can help.

In my case, I chose the stock broker recommended by Bro. Bo of Truly Rich Club which is the Citiseconline.  I'd been reading books, articles and newsletters written by Bro. Bo, in fact, it is from his writings that I learned about the stock market so it's just natural for me to follow his recommendations.  But of course, before I opened my account with Citiseconline, I did my own research.  I browsed their website and attended the free seminars they offered and so far, two years after opening an account with them, I’m satisfied with their services.

Once you have opened an account with a stock broker, you can now buy your first shares of stocks of any listed company you want to.

Happy investing everyone.