I may say I really wanted something new, something practical, something progressive and important before 2017 begins. That is why I purposely invested 39,000 to Col Financial before 2016 ends. Here is my personal experience. I am still learning that is why I have to admit I did not consider lots of things before buying. Make sure you do. Ask me how, I would be very willing to assist you.
1. When buying stocks, make sure you check the previous price. Not just a day before, but seriously for the previous weeks or months! Not just because it shows
negative today, it means you have to buy it. It could be negative today because it was sold in the market at a very high cost
positive. You might be still be purchasing it at a high cost and would find it hard to sell with a higher cost than the amount you bought it.
2. What to buy? Stocks that cost much or cost little? So far, the stocks with little costs/prices worked well with me.
Example. You have 10,000 pesos. Prices of stocks are A 5.00 and B cost 0.50.
(not exact quantity because consider service charge)
So with 10,000 you could buy A : 2,000 stocks
So with 10,000 you could buy B : 20,000 stocks
Increase of 0.10 to both stocks
If the price of A increases from 5.00 to 5.10 and you will sell it, 5.10 x 2,000 = 10,200.00
If the price of B increases from 0.50 to 0.60 and you will sell it, 0.60 x 20,000 = 12,000.00
This shows that you earn 200 from A, while earned 2,000 from B.
The cost of the stocks is not the measure to make money at Col Financial.
It's the quantity of volume of stocks you have!
3. When buying stocks, make sure you are buying a stock that is very active. Do not buy a very cheap stock but nobody's interested in it. Always consider stocks that people are buying and selling always.
Don't just check the gainers and the losers. Check the ACTIVES too!
4. Decide your ideal earning and when you want to earn. It is easy to buy and sell daily, if you set a minimum earning. Like example, if you want at least 300 up to 500. But if you want to sell your stocks at a higher cost to gain 1,000 to 2,000 and you only have less than 50,000 pesos equity, that would mean that your stocks may be sold not on the same day, maybe after a day, two days sometimes a week and worst if it sells after a month.
I notice that I purchased stocks and set the selling price into an amount that I could earn 3,000.
It took me 1 month to sell it! I am happy it was sold and did not reach 2 months or more.
It would be wiser to sell it at a practical amount. For example. I sold it next day and earn 500.00 only. If could buy and sell every other day, earning only 500.00, this means =
20 days (Col Financial trading days, no Saturdays, Sundays and Holidays)
20 / 2 = 10 days x 500.00 = 5,000.00
I could have earned 5,000.00 when trading regularly with a low target income that waiting for the 3,000.00 income that have been sold after a MONTH. In short, my money just slept.
Do not be too opportunists. As long as you're earning, sell it. Then buy again, sell again!
5. If you have 10,000 pesos, divide the amount and buy different stocks or buy 10,000 worth of 1 type of stock? . It is better to use your outstanding balance to buy ONE type of stock. If you buy different stocks, every transaction has transaction fee. You may end up with a breakeven or even loss.
6. Let's say you're making income 3,000 up to 5,000 or even more per month. What will you do? Withdraw it? Naahhh. I suggest you just keep it there so you could buy more, sell more and gain more!
I will be sharing my earnings here. MONTHLY! Enjoy!
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