The Responsible Trader

by Alfredo D. Miguel Jr.

Why is there a need for this book? Almost all new traders starting out just rely on other people’s advice and opinion and end up becoming victims of hype and burning their trading capital in the process. When I visited our office in the States, there was a cruel joke going on in Wall Street. They call it “The 90-90-90 Rule” – 90% of new traders lose 90% of their trading capital within 90 days. It is cruel but true and it also applies to 90% of new traders including myself when I was just beginning to trade. In Responsible Trading, we encourage independent thinking never blind following. This way a new trader is enabled to move from the darkness of misguided trading to the light of Responsible Trading.

The book cover reflects this theme as the new trader stops being a victim of hype, emerges to become a Responsible Trader and raises his hands in victory. The color scheme of the book cover are from the colors of the Philippine Flag to show the world that the book is written by a Filipino trader for the Philippine trading community.
Responsible Trading is my legacy to the Philippine Trading community. This book is my documentation of that legacy and I hope it will contribute in whatever small way to raise the present level of trading in the Philippines to a more professional level.

Unknown Binding

Reviews

[Helen Mary · Rating 5 out of 5]

This is one of the most useful books I have read recently. It discusses trading in the Philippine stock market in such a friendly manner. I think every beginner in the Philippine stock market should have this book on his shelf.