lcornwisky
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If you are in your twenties freshly out of college and want to get into trading, join a firm to do it, can be banks, hedge funds, market makers, HFT firms. Join the right firm - must be an established firm. Look at the credentials of their current employees.
If you are in your thirties and have been working for sometime in other profession and is thinking about getting into trading, trade part time while holding your full time job. When you are profitable consistently for a year then consider going full time. You would probably not be employed by any firm to as a trader since they prefer people who are young and who can work night shifts. They generally want fresh people who don't have their own style of trading already; so they have a clean slate to train.
If you are in your late forties/fifties with families and financial responsibilities and have never been profitable for an extended amount of time, to be honest it is really unlikely you will make it in trading. You would not have the energy and time and even health to devote yourself to master trading. It is wiser to explore other options
give u discount
200 days times 10k = 2 mil
so u have a few friends making 2 mil per year?
LOL
if u said making 1k per day or 200k per year, still can believe la
a few friends making 2 mil year is really LMAO
its like slapping your own face in public hahahaha
even many CEOs of public listed companies don't make 2 mil a year leh LOL LOL LOL
big cannon fairy
This guy is ronald k biggest fan right? Lol
If he said "I have friends who ever made $10,000 in a day", will sound more logical
Below is my daily futures trading profits for the month of Jul 15, trading with 1 lot per click of the mouse. I am a full time self employed futures day trader with 11 years experience. My trading capital is about $110K. Most of my daily profits/losses comes from Nikkei 225 futures contract, which is my main focus. Once a while I would scalp other contracts like HSI, SIMSCI, NQ & DAX for quick profits.
Week Ending 03 Jul 15
Wednesday $50.00
Thursday $450.00
Friday $0.00
Week Ending 10 Jul 15
Monday $850.00
Tuesday $600.00
Wednesday $1,250.00
Thursday $2,000.00
Friday $700.00
Week Ending 17 Jul 15
Monday $1400.00
Tuesday $600.00
Wednesday $200.00
Thursday $500.00
Friday $0.00
Week Ending 24 Jul 15
Monday $400.00
Tuesday $50.00
Wednesday $50.00
Thursday -$150.00
Friday $50.00
Week Ending 31 Jul 15
Monday $350.00
Tuesday $250.00
Wednesday $50.00
Thursday -$50.00
Friday $150.00
Total profits for Jul15 is $9,750.00.
As I did not hold more than 10 lots Nikkei 225 futures at a time and traded with 1 lot per click default size, the results shown above can be achieved with S$30K trading capital, provided you are an SGX derivatives trading member clearing through a local broker like Phillips Futures or KGI Ong.
For most new full time traders, their chances of being a net winner is probably less than 5% within the first 1-2 years.
Local market is like " supper ".
I curious you have experience any one just trade local market SGX yet their return not bad every month ?
Yea trend is yr friend think could last till the end of the yearNow is a rare opportunity to short and make a killing. So many vulnerable stocks in STI:
Genting - Bad results, China high rollers slowdown affecting it greatly;
Noble, GAR, Olam - Commo slump;
Kepcorp, Sembmar - Oil slump;
Jardines - Indonesia slump & IR hike;
Thaibev - Also think it's ripe for pullback (this one not sure);
Singtel, Starhub - I/R hike & upcoming 4th telco will affect them. Singtel also has forex risk exposure;
Ascendas REIT - I/R hike will affect it badly;
Capitaland family - Exposure to slowing China market;
GLP, HPH - Exposure to slowing China market
And not taking into account all the even more fragile mid cap stocks.
When everything hits bottom then fish for quality stocks and make an even bigger round of gains. Anyway, just my 2 cents.
sgx market not as mature as us find it easier n more profitable to trade U.S. but that is just meI think you also trade in SGX?
What I observe many " full time trader , investor like you " will trade more at US , etc oversea markets.
Local market is like " supper ".
I curious you have experience any one just trade local market SGX yet their return not bad every month ?
My main focus for my day trading is SGX Nikkei 225 contract.
I showed my daily profits for last month, Jul 15. I took more risks in the first two weeks of Jul 15 and less risks in the last two weeks of Jul 15, as can be seen from my daily profits.
For the last 3 days, I made about $50 a day and I made S$250 today, scalping the Nikkei 225 futures contract.
My monthly profits for this year:
January $4,800.00
February $6,200.00
March $12,700.00
April -$15,550.00
May $1,900.00
June -$42,550.00
July $9,750.00
YTD 2015 -$22,750.00
I have records of my daily trading profits from 2005.
My main focus for my day trading is SGX Nikkei 225 contract.
I showed my daily profits for last month, Jul 15. I took more risks in the first two weeks of Jul 15 and less risks in the last two weeks of Jul 15, as can be seen from my daily profits.
For the last 3 days, I made about $50 a day and I made S$250 today, scalping the Nikkei 225 futures contract.
My monthly profits for this year:
January $4,800.00
February $6,200.00
March $12,700.00
April -$15,550.00
May $1,900.00
June -$42,550.00
July $9,750.00
YTD 2015 -$22,750.00
I have records of my daily trading profits from 2005.
Just curious, those of you that trade as a living using your own money and have been successfully doing it for many years, how much time do you spend trading a day? Full market hours or just a few hours?
Bimbo question but how stressful is it? Like have to keep looking at the screen and click furiously or do you just key in all your trades and just watch?
Just curious, those of you that trade as a living using your own money and have been successfully doing it for many years, how much time do you spend trading a day? Full market hours or just a few hours?
Bimbo question but how stressful is it? Like have to keep looking at the screen and click furiously or do you just key in all your trades and just watch?