Swing Trades for April

Just because i'm heavily invested in $LR doesn't mean i wont have quickie plays. Below are my post holy week plays (April Plays).

$ATN

ATN seems to be building a new base at 0.55 - 0.58 range. Buy on breakout or start accumulating? It really depends on your risk appetite. If i'm not that confident with this trade, i would buy if it breaks above this range. If i'm confident with it, then i would start accumulating near 0.55 to get that big volume. Technically speaking, i like its setup. Fundamentally speaking, i like its shift from Solar focused to Rock Crusher focus. The market will appreciate you soon. 

$ION

ION took a very huge hit after its equity restructuring disclosure on one of its arms. I would buy this stock at its current price level with a cutloss of 5% (Without tax) and would buy more if it breaks 2.50. Consecutive green closes despite the bad market. Interesting :D 

Struggles of a Student - Trader

Being a trader alone takes a lot of effort, time, patience, and practice. What more if you're a student trader? So why is being a Student-Trader hard?

#1 You are mastering two crafts at the same time (Your college course & Trading). We can always be a jack of all trades, but we should never let ourselves be master of none.

#2 Your professors don't care that you're a trader AT ALL & they bombard you with tons of assignments (It's their job so don't be upset) 

#3 The market sees everyone equally. The market doesn't care if you had a quiz during that time when your position was falling. The market will do whatever it wants to do.

So how do we overcome these hardships? Simple. TIME MANAGEMENT. I find time to be the hardest one to manage. I want to do so many things but time is not letting me to. I want to play Mobile Legends, World of Warcraft, Dota 2. I want to surf the internet, chill out with friends,etc., but i'm dead serious with being financially free once i hit 26. Games can wait. Chill outs with friends can wait but time is not waiting for us. It will come and go with or without us. So STOP PROCRASTINATING! 

Remember, everything you want in life is only a dream, unless you turn it into a plan. (Sa madaling salita, drawing lang yan lahat kung hindi ka seryoso & committed). Stop saying you'll TRY. Start saying you'll DO

The #Alpha

PSEi @ 7900 level and high possibility of going lower

Prepare for the gurus who will say "Go cash" "Go trim your positions" "Go rest for awhile and wait for the index to settle down." NOT ALL STOCKS are affected. In a sea of red stocks, lies an "Alpha" or "Outlier" stock. 

A bearish index doesn't mean you get out of the game. It simply means that we should be picky. Believe it or not, but a BEAR run will make you a better trader than a BULL run.

Moving on, here's where my port is focused on: $LR

A bullish pennant (continuation pattern) + didn't break any key support levels despite the index breakdown.

Many issues surround its current catalyst right now (Galaxy - LR Boracay Plan) but the price action is telling us that it is already a done deal. Remember $PXP at 3.00 per share and everyone was debating about the Joint Exploration? How about $NOW at 3.00 per share when the ginyuses were blabbing about its trash financial statements?

The Start

Who am i?

I'm a student - trader here in the Philippine Stock Exchange. Despite my young age ( Clue: I'm currently a college student), i have been trading for a year now and am currently managing funds for different people. 

I only have one goal for making this blog, to track my developments as a stock trader. Hopefully this will inspire future student - traders to not be afraid in entering the world of the behemoths.