Ep.232: Stock Trading Basics You Have To Know The Leadership Stack Podcast

Sean: Thank you so much for being on the show. We have a question from Erika. How can I start stock trading in the Philippines? Very basic, but maybe a lot of people still don't know how to do that.


Marvin: It’s very, very simple. You just need a broker. I guess when you enter the stock market you need access, meaning you need a platform that will allow you to buy and sell the shares in the market. So it's as simple as opening a broker which is online. Which of course, when you open a broker, they will ask you for IDs to be able to verify who you are, then the mailing address, also the proof of where you live, and proof of billing. Then after that, they give you an account. When they start to give you an account, that’s already it.


Basically, it's as simple as that. When they give you an account already, you will have a password, then you'll have to fund it. Then as you start funding it already, that's what you can use to start buying stocks. So relatively straightforward as that, what’s needed to be studied, it's not about, in my opinion, not about starting, but it's more about analyzing what stocks fit you, and what stocks are meant for you as well. Because I think that's a bigger thing and a larger question because it’s easy to enter especially for app-based platforms where you can get to buy and sell stocks.


It’s like a game, but since it’s like a game, you have to realize that you need to study what you need to buy. So if you don't know what you're supposed to buy yet, don't get super excited because your time is long. You have enough time to be able to build the skills for it, so not as hard.


Sean: Erika asks a very basic but very profound question. How can I make a lot of money with stock trading?


Marvin: Based on what we talked about earlier that it's still based on the amount of skill that you put in. And then the term, a lot of money, I think that’s a bit subjective. For some people you would see that they are already happy with Php 2,000.00 a day, every day. That’s already okay for them. But there are people that don't get that Php 2,000.00 everyday, but in a year, they get a million pesos. But they're very, very passive also in their investments. So I think it depends also on what's a lot for you. It also depends on how big your capital is. It depends also on the proficiency that you have in it.


But this is what I've realized, that the larger your portfolio is, the more money you have also. You will notice it. For example, Sean, he doesn't care if he makes a thousand pesos, or two thousand pesos, or five thousand pesos, on a daily basis. What matters is, overall, the portfolio grows. Second is, he does not want his portfolio to drop. So what's important for him is the overall growth later on.


Because you have to realize that two thousand, two thousand, four thousand, four thousand earnings on a daily basis are all fine. But once your portfolio reaches as big as Sean with eight digits on his portfolio.


Sean: Fake news, bro. Fake news. Fake news.


Marvin: You just log it out that what’s more important is it grows larger over a stretch period of time. And then, you will notice that as your portfolio grows, it’s more important to preserve it than getting the jackpot. So I think getting those large swings and trades is very, very nice if your portfolio is smaller. But when you are in the Sean Si level already, it's more about storing that value.


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