Times have changed...so is the stock market. I hate to admit but its getting harder making profit from the stock market. My money got STUCKED in some shares i bought and i guess i have to bail out at a loss!
In the Philippines, one makes money only when the market is in bull run, so to speak. There is no shorting or puts unlike in other markets such as the US. Its solely a "buy & hold" strategy. However, with a patience of a saint, i might just be able to enter the US market soon. I love the Vegas-like excitement there; where i believe i could blend pretty well. With a meager capital, stock options will be the right path i should be treading.
Or i might dabble in Binary Options. It is trading in forex, equities, futures and commodities - where determining where the market might gonna go is far simpler and in shorter timeframe.
But this is putting the cart ahead of the horse...right now i gotta make some damage control. Those stocks that got stucked which humbled me in a sort of way, need to be saved to fight another day.
The market that seemed to get stucked in a bearish mode, could only hibernate. Maybe when the DOW and the world economy will bring in back the bull, i could hold it by its tail!
This blog is about my insights, thoughts, feelings, and experiences as a DayTrader, Traveller, a Grandpa and a Farmer/Businessman.
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