Derivatives Trading

[maxinger]

My friends make money in 2mins

it is possible. this morning singapore simsci went down extremely fast ( see my earlier postings).
those who traded from trading arcade will be able to profit from it.
unfortunately I worked from home and unable to profit from it due to internet lagging problem.

 

[maxinger]

US Russell :
1200 and slightly below abit more also can consider as fib 50%， patterns wise is a bullish wedge. Well, a high probability long trade.


Of course, now awaiting for signal to get in.

yep. tonight it might continue to go down, or reverse up drastically, or remain as choopy like what happened yesterday.

 

[maxinger]

I traded in the arcade for about 10 years. Phillips Futures & KGI Ong trading arcade.

Nothing to envy as the way SIMSCI moved this morning, only those who can sell and hold can make good money.

I did 15 round turns on SIMSCI this morning, all long. Held 7 lots long at one time. Fist buy at 344.5, last sell at 337.2. Lost 22 ticks, total.

SIMSCI went one way down as the cash market opens at 9 am to a low of 336.6 at around 9.40 am, a drop of about 100 ticks from its open at 346.4.

SIMSCI did recover about 40 ticks from the low in the morning after the fierce sell off, but I already cut all before the 40 ticks rebound.

I trade from home using TT X-Trader through the internet using M1 1Gbps Fibre with Starhub Cable 100Mbs as my backup. No lag, no delay and no noticeable difference between what I seen on my screen at home compared to the arcade.

Internet speed at KGI Ong was much slower than my M1 IGbps at my home.

Just sharing my trading experience, from home.

thanks for the info. i should consider changing my singtel broadband to something much better.

 

[Sai777]

it is possible. this morning singapore simsci went down extremely fast ( see my earlier postings).
those who traded from trading arcade will be able to profit from it.
unfortunately I worked from home and unable to profit from it due to internet lagging problem.

Not easy....everything is about speed and accuracy. Unless you have overnight positions which I doubt you would take those risks.

Good for you...at least make some money along the way.

 

[Mecisteus]

yep. tonight it might continue to go down, or reverse up drastically, or remain as choopy like what happened yesterday.

you might as well say the market can go up or down tonight.

not easy to say on foresight but easy to say profit when already happened? like this morning you said it was easy for simsci to make money. you missed making money citing slow internet connection, toilet, sleep, etc.

what a bunch of bollock answers.

 

[maxinger]

you might as well say the market can go up or down tonight.

not easy to say on foresight but easy to say profit when already happened? like this morning you said it was easy for simsci to make money. you missed making money citing slow internet connection, toilet, sleep, etc.

what a bunch of bollock answers.

this is day trading mister.
and this is how day trading is done.

the way I trade very different from those
doing swing trading, position trading, or heavy scalping.

 

[ValueInvestor]

this is day trading mister.
and this is how day trading is done.

the way I trade very different from those
doing swing trading, position trading, or heavy scalping.

how have your annual returns been like for the past few years??

 

[ValueInvestor]

it is possible. this morning singapore simsci went down extremely fast ( see my earlier postings).
those who traded from trading arcade will be able to profit from it.
unfortunately I worked from home and unable to profit from it due to internet lagging problem.

LOL why u wanna blame the internet... SG market u use local fibre should be fast enough liao

trading US market then another thing ba... overseas... sure slower a bit compared to those americans in US

 

[ValueInvestor]

well. have to trade from home as I have to take care of my kids.
simsci volume and day range tends to be bad.
occassionally it will wake up.

what's your total capital like, as a full time trader

 

[maxinger]

LOL why u wanna blame the internet... SG market u use local fibre should be fast enough liao

trading US market then another thing ba... overseas... sure slower a bit compared to those americans in US

same problem with US / european markets when market are moving violently.
in those cases, we can just stare at computer and do nothing.
no point getting angry

 

[maxinger]

what's your total capital like, as a full time trader

not much actually compare with those who invest in stocks.


min should be around $20k to trade derivatives since u are using leverage.
obviously the greater the capital, the more lots u can trade with.

 

[ValueInvestor]

not much actually compare with those who invest in stocks.


min should be around $20k to trade derivatives since u are using leverage.
obviously the greater the capital, the more lots u can trade with.

I see, thanks for the info

btw what's your annual returns like for the past few years?

for new full time traders.. what annual returns should they aim for?

 

[maxinger]

I see, thanks for the info

btw what's your annual returns like for the past few years?

for new full time traders.. what annual returns should they aim for?

returns better than my previous full time job.
but this is after I have lost thousands upon thousands of dollars


for new full time traders, really no comment.
because not all can make it.

then for those who make it what is their returns? it depends on their confidence and their experience.
they can start trading with one lot. if ok,
then they can increase lot size to 2 lots, 3 lots ... tens of lots
and this is how to increase returns exponentially.

whether u trade with 1 lot or 100 lots,
the strategy, the technique, the effort needed will be quite the same.
but the confidence must improve.

 

[Sai777]

LOL why u wanna blame the internet... SG market u use local fibre should be fast enough liao

trading US market then another thing ba... overseas... sure slower a bit compared to those americans in US

On serious note, a good charting software and internet connection are very important factor to trade. He is right that slow internet connection makes him lose the opportunity to "catch" the price when it was moving very fast. Miss a tick or two is a big deal.....

Big traders build their server next to exchange to trade in micro-second.

 

[Mecisteus]

this is day trading mister.
and this is how day trading is done.

the way I trade very different from those
doing swing trading, position trading, or heavy scalping.

sorry to say this and to be honest. i dont see any value or foresight in your posts in this thread.

i guess you are a mobile remisier working from home? you mentioned that your internet is slow but you still do day trading?

 

[lcornwisky]

yes a fast connection is recommended but not necessary....

 

[ValueInvestor]

returns better than my previous full time job.
but this is after I have lost thousands upon thousands of dollars


for new full time traders, really no comment.
because not all can make it.

then for those who make it what is their returns? it depends on their confidence and their experience.
they can start trading with one lot. if ok,
then they can increase lot size to 2 lots, 3 lots ... tens of lots
and this is how to increase returns exponentially.

whether u trade with 1 lot or 100 lots,
the strategy, the technique, the effort needed will be quite the same.
but the confidence must improve.

i see

whats your returns in terms of %?

like for stocks, can get 8-10% long term returns

 

[maxinger]

i see

whats your returns in terms of %?

like for stocks, can get 8-10% long term returns

I will give u a very rough figure.
let's say a trader is rather good in trend analysis, mind control and has developed his own holy grail and managed to achieve 60% success rate only.
and he only trade with 1 lot (Nikkei, US Russell, dax or whatever)


Initial capital : $20 000

risk per trade : $200
reward per trade : $400 ( based on RR 1:2)

and he manages to catch 2 trades per day
ie about 40 trades per month


so one month,
- 24 successful trades (profit 24 * 400 = $9600)
- 16 unsuccessful trades ( loss 16 * 200 = $3200)
- so net profit $6400


So percent return per month = $6400 / $20 000
= 32% per month basis



why percent soo high even though success rate only 60%? becos you are using leverage when you trade futures.



of course if success rate is very bad, then return will be extremely negative.


do remember different traders got different % return.
so important to do our own calculation.

 

[ValueInvestor]

I will give u a very rough figure.
let's say a trader is rather good in trend analysis, mind control and has developed his own holy grail and managed to achieve 60% success rate only.
and he only trade with 1 lot (Nikkei, US Russell, dax or whatever)


Initial capital : $20 000

risk per trade : $200
reward per trade : $400 ( based on RR 1:2)

and he manages to catch 2 trades per day
ie about 40 trades per month


so one month,
- 24 successful trades (profit 24 * 400 = $9600)
- 16 unsuccessful trades ( loss 16 * 200 = $3200)
- so net profit $6400


So percent return per month = $6400 / $20 000
= 32% per month basis



why percent soo high even though success rate only 60%? becos you are using leverage when you trade futures.



of course if success rate is very bad, then return will be extremely negative.


do remember different traders got different % return.
so important to do our own calculation.

like that very good leh

20k capital can make a living off trading liao

even make 5k a month also shiok... confirm no need to work for others liao

 

[maxinger]

like that very good leh

20k capital can make a living off trading liao

even make 5k a month also shiok... confirm no need to work for others liao

as mentioned before, not many can make it.

for my case, I have lost thousands upon thousands of dollars before i make it. and my trading accounts had bursted countless times already.

those top few traders can easily earn 7 digits per year.
and those traders are very particular about getting maximum leverage.
I am not there yet.