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Stock Trading as Part Time Income Generation

redyps · 10 · 3191

redyps

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Hi guys,
Just want to confirm my understanding on how it all works. I got some knowledge on Stock trading, Mutual Funds and UITF. But can I focus on these and use it as a part-time job/income generation activity?

I really need an additional income and currently looking into doing some online jobs or MLMs then invest my profit into stocks/mutual funds. Do I need to find a cash generating job/"raket" first or can I focus on stocks instead? Can I equate the income in stocks tradings with the income that I could get from a part-time job (let say P2000-3000 per month)? Is this possible with stocks or it really depends on how you play your portfolio (maybe talking it in general or what's your stock average  performance per month)?

AFAIK, you can only appreciate mutual funds/UITFS after some years and Stock Trading needs some research & a bit risky.

Thanks :cool2:



DonT

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Reply #1 on: Oct 16, 2011, 06:00 AM
Hi guys,
Just want to confirm my understanding on how it all works. I got some knowledge on Stock trading, Mutual Funds and UITF. But can I focus on these and use it as a part-time job/income generation activity?

All the above are ways to get passive income. Continue with your passive income, until such time that the earnings from your passive income is greater than your active income.


redyps

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Reply #2 on: Oct 16, 2011, 06:11 AM
Thanks sir! Are you into stocks trading? May I know which one is better?  A part-time online job (which so far I haven't find yet, I only got few cents from PTC, PTP, data entry) or focus & study on Stock Trading? How much can you earn on stocks for an average literate guy who selected an average performing stocks?

I really need some income until next year and my monthly saving is not enough.

Post Merge: Oct 16, 2011, 06:14 AM
In addition, I was inspired by the movie "Limitless" when Bradley Copper already become intelligent and he entered the world of Stocks trading although that was quite exagge
« Last Edit: Oct 16, 2011, 06:14 AM by redyps »


ervntps

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Reply #3 on: Oct 16, 2011, 11:35 AM
^^ Pagdating sa mga online jobs or stock trading kailangan talaga ng patience. Try mo pagsabayin muna and pag-aralan pareho, earning online can take months to years bago lumaki and like you said stock trading can also be risky so mahirap din kung magfofocus ka sa isa lang. For me sabay ang ginagawa ko, part of my online earnings nililipat ko sa stocks. Kasi para mas malaki ang kitain mo sa stock market kelangan mo din magdagdag ng capital or investment. Ngayon kung makakahanap ka nung NZT-48 at russian mafia na mauutangan katulad dun sa Limitless, mas maganda. :D


jjalfonso1

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Reply #4 on: Oct 19, 2011, 02:31 AM
Don't do it, unless you can handle monthly losses.
« Last Edit: Oct 19, 2011, 02:32 AM by jjalfonso1 »


redyps

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Reply #5 on: Oct 19, 2011, 07:38 AM
Don't do it, unless you can handle monthly losses.

Yup. Napag-isipan ko din yun. OK sya pag fulltime and you really dedicate your effort to it. I saw some posts by some expert Traders here and trading is really a serious venture. May mga analysis pa pala dun and you really need some strategy.

Mag Mutual Fund/UITF nalang ako which is more passive and I'll just focus more on other income generating things.


brokerbackgirl

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Reply #6 on: Oct 19, 2011, 08:14 AM
I joined the stock market to have passive income someday.. pero I dont think it should replace your work where you get your active income. Scary eh. You might be super rich this day, and then it all goes down the drain the other. If you have work at least may fall-back..

Nangangarap nga ako na kung umabot na mas malaki na passive income ko, hindi pa din ako magreresign..


akira0422

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Reply #7 on: Oct 19, 2011, 09:28 AM
in line with this being passive income... id really like to ask:
1. what ur favorite / best platform or broker for day trading?
2. how much is the total / net =deduction per trade?
3. how to open an account?
4. how safe?
5. how to replicate this for US stock market...
please pm me or post here... coz im very intrested to maximize my day trading potential. thanks.XD


ferrariEverest

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Reply #8 on: Oct 26, 2011, 12:06 AM
Hi guys,
Just want to confirm my understanding on how it all works. I got some knowledge on Stock trading, Mutual Funds and UITF. But can I focus on these and use it as a part-time job/income generation activity?
yes to trading (stocks, etc), but it takes commitment, capital & time (IMHO, 2 to 5 full years).

Quote
I really need an additional income
if u badly need extra income, best is to get a stable job/business

Quote
Do I need to find a cash generating job/"raket" first or can I focus on stocks instead?
u need a stable, income generating job/raket

Quote
Can I equate the income in stocks tradings with the income that I could get from a part-time job (let say P2000-3000 per month)?
sure u can. the question is, can u realistically do it?
walang limit sa potential profit, except your vision &/or experience.


tama yung naisip mo. trabaho muna, tapos part ng kita mo i-allocate mo sa stocks/trading. it goes without saying that u have to study thoroughly before u go live trading/investing.


in line with this being passive income... id really like to ask:....
please pm me or post here... coz im very interested to maximize my day trading potential.
to answer your questions, it's best that u find the answers yourself.
this way, u minimize getting fed misinformation &/or inadequate information.

isa pa, u are going to use the trading platform/s yourself, so dapat familiar ka sa paggamit nito.

if u wanna stay on the safe side, go with the reputable local & international stockbrokers.

if u really are very interested in maximizing your day trading potential, u have to think more about & prepare for the risks involved, rather than focus on the profit potentials. prepare to commit at least 2 to 5 full years to your trading business (studying, testing, trading, etc)

may kasabihan
"pro traders/investors focus on reducing risks; new traders/investors focus on (maximizing) returns"

unlimited ang potential sa trading, but u have to pass the acid test (+/-2 to 5 years, depending on the trader)

Good luck!
« Last Edit: Oct 26, 2011, 12:08 AM by ferrariEverest »


mps

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Reply #9 on: Nov 01, 2012, 10:04 PM
I suggest mag-trial online trading ka muna, then, sabayan mo ng aral para mas matutunan. Kapag pumasok ka na sa liev trading kailangan maliit lang muna ang capital. Kapag tingin mo ay kaya mo na, dun ka lang magdagdag.


 


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