Trading as a career .. advice please..

ValueInvestor

Banned
Joined
Jul 2, 2015
Messages
5,252
Reaction score
0
I have friends making 10k USD per day

Sent from Asus ASUS_Z00AD using GAGT

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
 
Last edited:

ValueInvestor

Banned
Joined
Jul 2, 2015
Messages
5,252
Reaction score
0
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

very well said man~
 

Sinkie

Greater Supremacy Member
Deluxe Member
Joined
Jan 20, 2009
Messages
86,078
Reaction score
21
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
 

ValueInvestor

Banned
Joined
Jul 2, 2015
Messages
5,252
Reaction score
0
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

hahahahaha very well said

even ronald K... cant even make 200k a year lor

he trading for 10 years, the trading account inside still 500k nia
zero growth at all

LOL

10 year ago ronald K the limit 500k

10 years later, now 2015... limit still 500k....... hard to believe he made 2 mil.. 200k or even any profits LOL

more likely lost a lot of $$ so much con some students to top up his accounts LOL
 

mrwonderful

Senior Member
Joined
Aug 27, 2005
Messages
1,165
Reaction score
49
Now 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.
 
Joined
Nov 3, 2011
Messages
150,461
Reaction score
11
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.

I 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 ?
 

Perisher

Greater Supremacy Member
Deluxe Member
Joined
Jan 5, 2015
Messages
84,276
Reaction score
10,137
This Icornwhisky dude last time always talk about R.k... so far never see him GPGT.
Now got new target K.L.
 

lcornwisky

Supremacy Member
Joined
Aug 29, 2013
Messages
5,009
Reaction score
0
Now 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.
Yea trend is yr friend think could last till the end of the year

Sent from Asus ASUS_Z00AD using GAGT
 

lcornwisky

Supremacy Member
Joined
Aug 29, 2013
Messages
5,009
Reaction score
0
I 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 ?
sgx market not as mature as us find it easier n more profitable to trade U.S. but that is just me

Sent from Asus ASUS_Z00AD using GAGT
 

maxinger

Senior Member
Joined
Oct 12, 2007
Messages
754
Reaction score
8
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.

u are being honest mister.
I presume yours is T session.

there are periods of time where NK day range was bad.
anyway all the best to u.
 
Last edited:

alexchia01

Senior Member
Joined
Jan 24, 2013
Messages
1,945
Reaction score
2
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.

I think you already know. You need to control your losses.

Either your RRR is not optimized or your risk management need some adjustment.

Your RRR should be at least 3 to 1.

You may want to use trailing stop at a lower time-frame to manage your risk.

These are my rules. They works pretty good for me. Just sharing.
 
Last edited:

wondrdoggie

Senior Member
Joined
Nov 13, 2006
Messages
739
Reaction score
1
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? :)
 

maxinger

Senior Member
Joined
Oct 12, 2007
Messages
754
Reaction score
8
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? :)

now I can write becos market is dead.

good question.
I started trading way before home computers was invented.
during those days, I personally use graph paper and do my own charting.

before I went full time trading, I spent less than 5 hours a day sleeping for one solid year practicing trading with real money.
so for those who want quick solution, forget about trading.


some people likes to spend say 2 hours per day trading.
some likes to trade 24X7 (like me).

if u find trading is stressful, don't trade!
improve your mind and emotional control / management first.
do yoga, meditation, psycho cybernectics, .....
 
Last edited:

lcornwisky

Supremacy Member
Joined
Aug 29, 2013
Messages
5,009
Reaction score
0
I used to gamble but now trading is the new entertainment for me its true stocks and currencies are cyclic and yes you have to find the holy grail by urself its like bodybuilding where u haf to find out what works for u and yes copying is a big no no
 

Sinkie

Greater Supremacy Member
Deluxe Member
Joined
Jan 20, 2009
Messages
86,078
Reaction score
21
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? :)

that depends on what instrument u trading ba..
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top