Become Wealthy With Day Trading

DAY TRADING IS A WAY ONE CAN BECOME WEALTHY. In the opinion of Markus Heitkoetter, author of the international bestselling book The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach day trading is the "perfect way to become wealthy." Three of the ten reasons why were as follows:

The time required is minimal
With day trading, you can trade either part-time or full-time. You can start trading for as little as one hour per week, or you can go for the maximum of 2 hours per day. Trading is done at the Philippine Stock Exchange (PSE) trading floor during weekdays from 9:30 a.m to 12:10 p.m. except during legal and special public holidays.

Low capital requirement
In trading, you can start with as little as 3,000 pesos. If you bought 10 shares of Ayala Corporation stock on 11 May 2009, it would have cost you a total of 2,515 pesos inclusive of fees and taxes, with BPI Trade for your online broker.

Low transaction cost
For stock transactions, BPITrade charges a commission of 0.25% on the gross value of each trade, or a minimum commission of 20 pesos. A Value-Added Tax (VAT) of 12% is levied on the commission charge.

• For both buy and sell transactions, a PSE Fee of 0.00012 peso for every 1.00 peso gross value traded, and a SCCP (Securities Clearing Corp. of the Philippines) Fee of 0.00011 peso for every 1.00 peso gross value traded is charged.


• For sell transactions, a Sales Tax of 0.5% of the gross value traded is charged.


• For buy transactions, a Documentary Stamp Tax will be charged beginning March 20, 2009 computed as follows: [(No. of Shares * Par Value)/200 pesos]*0.75.


• All fees and charges are for your account.

This website shall be updated with information about our progress in terms of learning and implementing the key concepts relevant to day trading .

Day Trading Stocks at the Philippine Stock Exchange

DAY TRADING STOCKS is at once an exciting game and a profitable way to make a living as well.

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.

For this enterprise, we shall refer largely to the book The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach 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."

From Novice to Expert: Marginal Stock Trader's Journey to Mastery and Financial Success

About Marginal Stock Trader

Updated April 9, 2023

MARGINAL means "close to the lower limit of qualification, acceptability, or function" according to one of the definitions given by the Merriam-Webster Online Dictionary. Being marginal is "barely exceeding the minimum requirements."

For purposes of this website, we may describe the marginal stock trader as one who is close to the lower limit of qualification or barely exceeding the minimum requirements for online stock trading. Let us also say this online stock trader has decided to use the services of BPI Trade for online broker in trading shares of stocks listed in the Philippine Stock Exchange (PSE).

Day Trading

Marginal Stock Trading is more about the application of the techniques and strategies for day trading. Day trading involves buying and selling securities within the same day.

BPI Trade FAQs

BPI Trade FAQs provides the following and we are quoting verbatim (italics and underscoring supplied):

Can I sell my investments on the same day that I bought them? 

Yes. Your matched/filled buy orders are immediately reflected in your online stock position and are available for sale. Your current stock position can be found in the HOMEPAGE under MAIN menu.

If I sell today, can I already use the proceeds of the sale to buy other stocks? 

Proceeds of your selling transaction will only be credited on the third trading day after the transaction date (T+3). However, if your sell transaction is matched/filled, sell proceeds will immediately be credited to your buying power which you may use to buy shares.

Mastering the Art of Day Trading: Building Expertise and Experience

It is a good thing that day trading is possible with our online stockbroker, so we can gain experience being a Marginal Stock Trader. 

Day trading can be a highly rewarding but challenging endeavor. To succeed as a day trader, one needs to develop expertise and experience. This requires a combination of knowledge, skills, discipline, and patience. Precisely, these are the main reasons why we created this blog. We could even consider this our mission statement. Moreover, it is also one of our goals to can help promote and make the financial markets inclusive through this blog.

Build expertise with education and training

To build expertise, aspiring day traders should start with a solid foundation of education and training. This can include learning the basics of trading, such as technical analysis, chart patterns, and risk management. It's also important to stay up-to-date on market news, trends, and events that may impact trading strategies. There are countless YouTube tutorials, websites, and blogs dealing with the topic of day trading. Any one or more of these sources of information could be providing the perfect match for you. But in our case, we have chosen Oliver Velez to be our main guide.

Oliver Velez is a renowned trader, entrepreneur, and author who has made a significant impact on the world of finance. With over three decades of experience in the industry, he has become one of the most sought-after educators and speakers on the subject of trading. Velez is the best-selling author of 5 trading books and has trained thousands of traders worldwide through his various educational programs.

Tips for Online Traders

For starters, let us share with you some tips lifter from Velez's YouTube presentation titled 5 Tips That You Should Not Forget While Trading. Here is a list of the 3 biggest things that contribute to a trader's failure:

• Tip #1 Not limiting your loss to 1 bar

• Tip #2 Not trading in the direction of the 20 MA

• Tip #3 Not making your entries near or at the 20 MA

Gain confidence through experience

Experience comes with practice, and new traders should start small and gradually increase their trading activity as they gain confidence and skill. It's important to keep a trading journal to track progress, identify strengths and weaknesses, and learn from mistakes. We shall have this trading journal available as part of our regular updates.

Essential qualities

Discipline and patience are also essential qualities for successful day traders. It's important to have a well-defined trading plan and stick to it, even in the face of volatile markets or unexpected events. Emotions such as fear, greed, and impatience can lead to costly mistakes, so it's crucial to stay focused and disciplined.

Journey to Mastery: Exploring the Path to Expertise

In conclusion, mastering the art of day trading takes time, effort, and dedication. By building expertise and experience, we can increase our chances of success and achieve our financial goals.