Online stock broker
BPI Trade, however, presents a limitation being our online broker because of its provision that cash proceeds from the sale of stocks will be credited to your BPITrade Bank Account (your settlement account) only on settlement date, which is T+3 (three business days after the transaction date) and thus, will not be immediately available for reinvestment.
Settlement date
Indeed, BPI Trade may have used for basis the Philippine Stock Exchange (PSE) rule on equities trading. That equity trades are settled on the third day after trade date, i.e., T+3 through Delivery-versus-Payment (DVP) Settlement System.
As such, cash and/or securities obligations must be paid and/or delivered to the settlement banks (either Equitable PCI Bank, Inc. or Rizal Commercial Banking Corporation) and the Philippine Central Depository not later than 12:00 noon of the settlement date.
Weekly Trader
Like what we said in a previous post, our Marginal Stock Trader is at best, a weekly stock trader. Nevertheless, for as long as practicable, we are going to apply the strategies and techniques allowed for day trading.
by Markus Heitkoetter. This book offers a lot of sense to the beginning day trader. I found the book while searching the Internet for articles about day trading. Get your free PDF version today or buy your own hard copy at Amazon.com.Trading Journal
After reading the book, I decided to act on what I learned. Consequently, this website Marginal Stock Trader shall keep track of my progress being an online stock trader. "Start a trading journal," the book says. "Most successful traders have one."
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.