AMA: Self Trade to $1M

[TONGDODO]

Please feel free to ask any questions！

Purpose of thread is to share information, get new perspectives from people and to kill time.

Did it on Binance futures trading with capital of about $30K.

Edit: Updated a post from 2013 to share that I’ve started for almost 10 years. For the purpose of honest and meaningful discussions.

https://forums.hardwarezone.com.sg/...-account-with-18-year-old-unemployed.4515034/
Update 1:

Lost almost 80% (From 857K USDT) on the night of FTX where BTC and crypto fell by 20-50% a night. Got whipped sawed.

Decided to move to futures trading on Index for better sustainability, as movements are not as wide as Crypto.

Update 2:

Managed to withdraw 1M SGD from CFD account to UOB account, mainly trading on US futures, started with about 50k SGD and took about 3 months.

 

[toolbox03]

Your full time job

 

[Tony.Manero]

Play crypto sibo?

 

[Dark.Horizon]

can teach?


Sent by a cotton-making sheep

 

[Seah.tt]

in b4 create private grp chat and sell training/calls

 

[toolbox03]

Took how long to trade to $1m

 

[TONGDODO]

Your full time job

Not my full time job, just a hobby that I started 10 years ago when I was 17. Never very confident about Trading in overall. Still learning despite having some wins.

 

[TONGDODO]

Play crypto sibo?

This is on Binance, solely on Crypto. I started with FX, Index CFD and shares trading.

 

[I want to be Your Canary]

paper gain or actual gain?

 

[TONGDODO]

can teach?


Sent by a cotton-making sheep

Not qualified to teach, I can only share my experiences.

 

[TONGDODO]

in b4 create private grp chat and sell training/calls

Not posting the thread with any agenda aside from what was mention on my 1st post.

 

[rackgen]

This is on Binance, solely on Crypto. I started with FX, Index CFD and shares trading.

Is FX as risky as day trading in shares?

Need to master FX options?

 

[TONGDODO]

Took how long to trade to $1m

I traded for 10 years. The recent run was on done on a rough 3 months time frame.

 

[TONGDODO]

paper gain or actual gain?

Realised gains. Not much of a difference I’d say.

 

[Tony.Manero]

Every day spend how many hours preparing and how many trading?

 

[sAVaGEmP5]

u can take it out a not, havent end up in default posb saving acct no count wor

 

[sulpice]

Its a scam until you can take out all into your bank account or buy a house. No proof dont talk like a kid.

 

[TONGDODO]

Is FX as risky as day trading in shares?

Need to master FX options?

FX I think you may have to play with leverage.

I have not leveraged for shares trading but personally I feel in terms of risk level,

1. Crypto (daily movement about 1-10%)
2. Index (daily movement can go up to 3%)
3. FX will have lowest volatility compared to above 2. (Daily movement on average is just under 1%)

Of course, all with same level of leverage.

For shares trading, I think there is a limit on the amount of leverage you can go. Hence without leverage, it will actually be the least risky to me.

I mainly play futures, not experienced on options.

 

[TONGDODO]

Every day spend how many hours preparing and how many trading?

Practically always on the phone and charts all day.

 

[TONGDODO]

u can take it out a not, havent end up in default posb saving acct no count wor

I think the point here is really to share with people that even retail traders can have some wins. For people who are familiar with Binance, withdrawal via P2P is actually very efficient.