Hi, lurker and been a silent reader in this thread for a while na. I am planning to start Day Trading sa PSE. I recently moved back in the Philippines to get married and stay here for good. We have more than enough EF naman and substantial savings and income monthly. We are planning to diversify our long term investment in stocks. So at the same time, I would like to explore the option of day trading. Writing here today to ask for help and advice from you all; What is the best stock broker/brokerage that you can suggest? I am looking at BPI Trade since I have BPI account. Willing to use other brokerage naman. How much initial fund do I need to start Day Trading? For Day Traders here, how do you pick which stocks are for day trading? Perhaps, even strategies to earn profit in day trading? :) Any suggestion or things that I should know? Again, I understand the risk in what I am about to do, might even lose a lot of money, and I don't expect overnight success to happen. I am willing to learn and do this for a period of time if possible.
Aside from a complete inability to pay, credit counseling agencies are willing to work with most incomes to create affordable payments and program participation. Is consolidating debt a bad idea? While lenders may be temporarily deterred from lending to someone who has consolidated debt because of closed accounts or credit report notations, these marks will fade, never lasting longer the repayment program itself. Lenders then will be more willing to offer credit or loans due to increased credit scores. Many clients are even able to purchase homes shortly after completing their debt repayment.
And if i end up filing for bankruptcy and lose my home (as might happen in the next month or two, to be honest), I'll need it to sleep in. So if anyone to help out even a little bit with this $575, I could really use it. Thank you! Update: I gave him and his full sister (he has halves) the option of simply signing a document (called a Hold Harmless Agreement) to get his creditors off of my back and would have considered all debts resolved and would have even helped him out a little bit at that point (because I can give him a couple of bucks of month out of charity, not hundreds and hundreds). They were malicious and dumb enough to not do even this to make restitution. So I'm done with being taken advantage of by him and giving him chances. I'm taking him to two different courts (small claims, which may not be able to help, but if they can, their judgment is even stronger than divorce court) and divorce for contempt. It is my hope that they will get him to provide proper information/documentation so that this can finally be resolved, will force him to sell the car that I so nicely gave him without a lien so that he could work (and claims he isn't working) to pay off all debts, and/or if he decides to continue valuing hurting me over what's even financially beneficial to himself, I will ask for jail time for him (contempt).
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