Anyone trade full time?

[felixleong]

whats the statistics of client able to huat over long term?
less than 10%?

la la la

+1

 

[[[ForeverAlone]]]

I'm a full time trader. What do you want to know?

I just curious how full time trader ..works?

I forsee you must have a least " a strong funds back up of course " and " own various companies stocks "

in between trade daily as every day individual stocks movements are different...

I noticed most of the time ..just either increase one cent or two ..or drop...

some remind unchanged thus how to earn daily?

 

[Yxy]

trade index futures lor, sure got movement

I just curious how full time trader ..works?

I forsee you must have a least " a strong funds back up of course " and " own various companies stocks "

in between trade daily as every day individual stocks movements are different...

I noticed most of the time ..just either increase one cent or two ..or drop...

some remind unchanged thus how to earn daily?

 

[alexchia01]

I just curious how full time trader ..works?

I forsee you must have a least " a strong funds back up of course " and " own various companies stocks "

in between trade daily as every day individual stocks movements are different...

I noticed most of the time ..just either increase one cent or two ..or drop...

some remind unchanged thus how to earn daily?

1. I don't trade stocks. I trade Futures.

2. Although, I don't trade stocks, but I do invest in them.

3. Stocks is lousy for trading, but best for investing.

4. This is not to say you can't trade in stocks. There are strategies for stock trading, but given a choice to trade stocks, Forex or Futures, I'll never choose stocks.

5. Why don't trade stocks? Compare to forex, commodities and futures, it rank the worst in liquidity, trading hours and price fluctuation.

6. Why invest in stocks? Compare to forex, commodities and futures, it rank the best in stability, passive income and less action required.

 

[[[ForeverAlone]]]

trade index futures lor, sure got movement

sorry noobs here ...

futures mean ???

 

[focus1974]

sorry noobs here ...

futures mean ???

maybe alex can start a new thread like shiny on FUTURES Trading ..
Always good to learn more..

 

[focus1974]

if wanna go full time trading
can strongly consider being a remisier or house dealer

client trade u earn some commission to build up your capital
at the same time can focus on your own trades too

however that being said trading is really very hard
as I come from this industry, I have seen very few succeed in doing it for a living, you really must be able to find your niche market in this competitive market

cheers

remisier/house dealer needs to take client's risk of not paying?
can trade OTC bonds? do you all pay to access bloomberg and office desk?
can i be a remisier and don't take client at all and just invest with my own money? got minimum trades per year to meet?

cAn 40yr old join satki DBS or those banks brokerage ?

p/s : All serious question.. i am exploring this line.

 

[felixleong]

remisier/house dealer needs to take client's risk of not paying?
can trade OTC bonds? do you all pay to access bloomberg and office desk?
can i be a remisier and don't take client at all and just invest with my own money? got minimum trades per year to meet?

cAn 40yr old join satki DBS or those banks brokerage ?

p/s : All serious question.. i am exploring this line.

As remisier normally need put at least 30k deposit, if client cannot pay, u are liable.

OTC bonds got money should be able to trade, the bite size normally is in 250k wor, u have that much capital?

Some remisiers don't have clients one, just do their own trading only. As remisier your rates can be very compeitive, 8 basis points possible.

Usually they prefer mature workers with own capital to join as remisier, those 40s and up.

 

[felixleong]

Bloomberg alone cost a few k, so most people wouldnt get it. As for cost of using their space, different house different charges. Whether need to generate min comm or not, also differs among houses, if u really got interest u can always go for their career talk seminars

 

[felixleong]

Lastly can also choose to work as mobile broker, work from home, save cost of renting a place.

As for house dealer, nowadays the structure changed a lot already, example dbs vickers... If u work as house dealer u just help manage their clients, no different from doing customer service, just more niche market. However house dealer route if one is a fresh grad trying to learn the ropes during the first few years, save up some $$ and eventually doing your own business as a remisier

 

[focus1974]

Thanks Felix! Your replies are very informative.

Since most people are trading online, you still get commission for trading online?

Well, it does sound like being a remisier is only if you are interested in trading fulltime or getting customers. If investing, then better just accept the .25% comm rates..

 

[alexchia01]

I just curious how full time trader ..works?

I forsee you must have a least " a strong funds back up of course " and " own various companies stocks "

in between trade daily as every day individual stocks movements are different...

I noticed most of the time ..just either increase one cent or two ..or drop...

some remind unchanged thus how to earn daily?

There are a few types of trader.

1. Intra-day Traders. These traders looks at very short timeframe, usually in minutes. They buy and sell within minutes or hours. Their objective is to get daily income. This is also the most difficult technique to master and is the most stressful one.

2. Swing Traders. Contra players also falls into this category, but with no holding power. These traders looks for a specific setup in a chart. They can hold a position for couple of days and aim to capture sudden big movement. The disadvantage of this strategy is that you need to be quite good in selecting the right counter and this may requires some experience.

3. Trend Traders. I fall into this group of traders. We look for trends and ride the trend from start to end. We holds position from days to weeks depending on the trend. The objective is to get the maximum out of every market movement. The disadvantage of this strategy is that you'll get multiple losing trades, you must have a strong heart for it.

4. Pump and Dump Traders. These are the most hated traders, but they also have the most incredible returns. They look for worthless penny stock and pump it as high they can. When it reach the height they want, they'll dump the stock on unsuspecting newbie players. These traders can take months or up to a year to pump up a stock. But when they start dumping, it could only takes a couple of days to crash to the bottom. Although, it's illegal to spread rumours about a stock, but it's not illegal to piggy back on a pump and dump stock.

5. Long-Term Traders. These are the safest traders of all. They usually don't loss money. They only buy strong fundamental stocks after a market crash and can hold their positions for decades. The disadvantage of this strategy is that you must be patience and wait for the right time, which most youngster don't have. So these traders are usually the more mature individuals.

 

[Sinkie]

Thanks Felix! Your replies are very informative.

Since most people are trading online, you still get commission for trading online?

Well, it does sound like being a remisier is only if you are interested in trading fulltime or getting customers. If investing, then better just accept the .25% comm rates..

Remisers own trades does not add into your own sales and so u won't have a share of the comm.

 

[alexchia01]

Remisers own trades does not add into your own sales and so u won't have a share of the comm.

I wanted to be a remisier once, but when they told me I cannot own my private company if I join them, I told them to go fly kite.

Just for a little discount, I cannot expand my future. Why do it?

They called me a couple of times to join them when they discovered the amount I was trading, but I turn them all down.

You should know that when you signed up as a remisier for a company, you are tied to that company for as long as you are with them. You can use another company's platform even when yours sucked.

Unlike remisiers, I can use the best of all brokers.

 

[felixleong]

I wanted to be a remisier once, but when they told me I cannot own my private company if I join them, I told them to go fly kite.

Just for a little discount, I cannot expand my future. Why do it?

They called me a couple of times to join them when they discovered the amount I was trading, but I turn them all down.

You should know that when you signed up as a remisier for a company, you are tied to that company for as long as you are with them. You can use another company's platform even when yours sucked.

Unlike remisiers, I can use the best of all brokers.

Ya, one of the major down side of being a trading representative is the strict mas guildlines, when applying for liscense that time they will check if u own any companies

 

[felixleong]

Thanks Felix! Your replies are very informative.

Since most people are trading online, you still get commission for trading online?

Well, it does sound like being a remisier is only if you are interested in trading fulltime or getting customers. If investing, then better just accept the .25% comm rates..

Ya if the clients under u trade online u get a cut of the comm, typically 40%, the house gets 60%.

 

[Sinkie]

I wanted to be a remisier once, but when they told me I cannot own my private company if I join them, I told them to go fly kite.

Just for a little discount, I cannot expand my future. Why do it?

They called me a couple of times to join them when they discovered the amount I was trading, but I turn them all down.

You should know that when you signed up as a remisier for a company, you are tied to that company for as long as you are with them. You can use another company's platform even when yours sucked.

Unlike remisiers, I can use the best of all brokers.

It's their loss not to allow u to have a private limited company, u could have been the next Collin seow but fortunately you didn't join as Remisers then too since u don't trade stocks but futures now

 

[felixleong]

Remisers own trades does not add into your own sales and so u won't have a share of the comm.

Hmm.. Depends on package actually, if the remisier getting normal rates than his own trades counts towards sales and its rebated to him via his cut cut of total comm, however if its discounted rate then its probably not counted towards sales.

 

[Sinkie]

Hmm.. Depends on package actually, if the remisier getting normal rates than his own trades counts towards sales and its rebated to him via his cut cut of total comm, however if its discounted rate then its probably not counted towards sales.

Every Remisers has their own "staff" rate de which they can execute themselve (but not counted as sales), but usually Remisers just use their mother, father, spouse, brother, sister or mistress normal cash account to trade so that they can also hit their target given by their house

Now not easy anymore

 

[felixleong]

Every Remisers has their own "staff" rate de which they can execute themselve (but not counted as sales), but usually Remisers just use their mother, father, spouse, brother, sister or mistress normal cash account to trade so that they can also hit their target given by their house

Now not easy anymore

Ya now tough times for remisiers, read newspaper they say remisiers earning 1k on average from commission only, really have to be successful in trading to generate extra income else really is eat grass