Do you know of someone who does trading for a living

carey

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It is good to note that day trading essentially means that you need to make more correct decisions than wrong ones.

The more decisions you make, chances are that you will make many wrong ones too.

To make money, you will need at least 60% hit rate to factor in transaction and misc costs.

Without a regular income, or some savings set aside for living expenses, life can be stressful. Especially if you get emo, whack a big sum, and lost.
Yup, many of the "day traders" are what we call "jobbers"

They just scalp for a few ticks and call it a day once they make like 1k a day

Quite profitable if you are a good momentum trader
 

beano

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Yup, many of the "day traders" are what we call "jobbers"

They just scalp for a few ticks and call it a day once they make like 1k a day

Quite profitable if you are a good momentum trader
1k a day is 20k/mth.. meets the legendary criteria in this forum.
 

cyke69sg

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1k a day is 20k/mth.. meets the legendary criteria in this forum.
Too little for my liking.

It's also not passive.

20k a month passive is very doable.

If active I would want at least minimum $50k a month target $100k a month. Then put some into the passive until the passive also $50k a month then target $100k a month.

But after a while also Sian. Got all the money for what?
 

harbinger255

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Too little for my liking.

It's also not passive.

20k a month passive is very doable.

If active I would want at least minimum $50k a month target $100k a month. Then put some into the passive until the passive also $50k a month then target $100k a month.

But after a while also Sian. Got all the money for what?
I pm chiu my bank acccount details.... can send me your excess money :s34:
 

Hello_Kitty

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Too little for my liking.

It's also not passive.

20k a month passive is very doable.

If active I would want at least minimum $50k a month target $100k a month. Then put some into the passive until the passive also $50k a month then target $100k a month.

But after a while also Sian. Got all the money for what?
got money can help others. Our family is currently helping my neighbour who is very old, no money and living alone. She eat expired leftover food and her clothes never wash as want to save water bill
 

focus1974

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I have many relatives who have quit their jobs because they have made so much money in stock market. No need work anymore. There are also those who are very good at trading and use margin accounts and make $300k a day. yes THREE HUNDRED THOUSAND A DAY.

Tax free.

If you are still working in Singapore you know where you stand in society.

wow.
So just 100 days of trading will nett them $300k x 100 = $30 million a year?!? ..
crazy money.

for a 3% move daily , $300k will require $10 million in and out within the day. Really crazy money for normal people like me (cannot say us, coz later you feel offended..if you are not us. hehe).
 

cyke69sg

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got money can help others. Our family is currently helping my neighbour who is very old, no money and living alone. She eat expired leftover food and her clothes never wash as want to save water bill
I am not into helping people with my money. I pay taxes is good enough. Prefer not to deal with people at all in real life.
 

li9ht5peed

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i learnt trading by watching how stock prices move every night for over a decade. understanding ds/dt is very important, where ds is dependent variable s for stock price and dt is independent variable t for time. the dynamics of stock price movement is not fully captured in charts. you must watch how it moves dynamically during pre market hours, opening hours, closing hours and monday to friday dynamics. at any time, news and programmed institutional trading will cause prices to fluctuate. there's such a thing as a big change in response to disastrous financial reports and smaller movements due to programmatic / syndicated / professional trades. institutional traders have to unlock profits every month, quarter or year for distribution to investors. newbie traders frequently perceive this wrongly and release their stocks at low prices. that's how buy high sell low happens. it's a good idea to learn from richard wyckoff. understand price volume chart patterns such as traps, tests, professional selling, etc

there's no need to pay gurus for lessons. i learnt everything myself. you must study the company's business and check their financial reports for profitability too
 

cyke69sg

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wow.
So just 100 days of trading will nett them $300k x 100 = $30 million a year?!? ..
crazy money.

for a 3% move daily , $300k will require $10 million in and out within the day. Really crazy money for normal people like me (cannot say us, coz later you feel offended..if you are not us. hehe).
I am in your "us" for sure.

But those who make so much money this is small beans to them.

I think in EDMW only @dereth and @Bumperbee88 make so much money everyday
 

cyke69sg

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i learnt trading by watching how stock prices move every night for over a decade. understanding ds/dt is very important, where ds is dependent variable s for stock price and dt is independent variable t for time. the dynamics of stock price movement is not fully captured in charts. you must watch how it moves dynamically. at any time, news and programmed institutional trading will cause prices to fluctuate. there's such a thing as a big change in response to disastrous financial reports and smaller movements due to programmatic / syndicated / professional trades. institutional traders have to unlock profits every month, quarter or year for distribution to investors. newbie traders frequently perceive this wrongly and release their stocks at low prices. that's how buy high sell low happens. it's a good idea to learn from richard wyckoff. understand price volume chart patterns such as traps, tests, professional selling, etc

there's no need to pay gurus for lessons. i learnt everything myself. you must study the company's business and check their financial reports for profitability too
You also expert in trading too?
Respect man.
You really jack of all trades (pardon the pun)
 

Hello_Kitty

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i learnt trading by watching how stock prices move every night for over a decade. understanding ds/dt is very important, where ds is dependent variable s for stock price and dt is independent variable t for time. the dynamics of stock price movement is not fully captured in charts. you must watch how it moves dynamically during pre market hours, opening hours, closing hours and monday to friday dynamics. at any time, news and programmed institutional trading will cause prices to fluctuate. there's such a thing as a big change in response to disastrous financial reports and smaller movements due to programmatic / syndicated / professional trades. institutional traders have to unlock profits every month, quarter or year for distribution to investors. newbie traders frequently perceive this wrongly and release their stocks at low prices. that's how buy high sell low happens. it's a good idea to learn from richard wyckoff. understand price volume chart patterns such as traps, tests, professional selling, etc

there's no need to pay gurus for lessons. i learnt everything myself. you must study the company's business and check their financial reports for profitability too
will September still crash??? people say Sep will crash every year. as i waiting for the crash many years.
 

Sanguoshitaisen

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got money can help others. Our family is currently helping my neighbour who is very old, no money and living alone. She eat expired leftover food and her clothes never wash as want to save water bill
ok i help your number pls. btw, u r jie jie rite?
 

li9ht5peed

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You also expert in trading too?
Respect man.
You really jack of all trades (pardon the pun)
some life skills must be mastered, but in real life, it's wise to act low ses at times, and high ses at other times. low ses to obtain pauper's benefits. high ses to gain trust from elites. show your psle to ah bengs and phd to elites. be a chameleon. sometimes talk like an uneducated person. sometimes speak with class
 

redname

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Do you know of any full time trader?

meaning the person only do trading and don’t work? Or do trading with a lepak part time job?

how’s the person doing? Did he or she huat or end up losing n have to go back to work

know 2 brothers

older bro made it big, now living off dividends, property over 10 mill
 

Jian19

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It is good to note that day trading essentially means that you need to make more correct decisions than wrong ones.

The more decisions you make, chances are that you will make many wrong ones too.

To make money, you will need at least 60% hit rate to factor in transaction and misc costs.

Without a regular income, or some savings set aside for living expenses, life can be stressful. Especially if you get emo, whack a big sum, and lost.
We got 99% master wad toking chiu
 

cyke69sg

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some life skills must be mastered, but in real life, it's wise to act low ses at times, and high ses at other times. low ses to obtain pauper's benefits. high ses to gain trust from elites. show your psle to ah bengs and phd to elites. be a chameleon. sometimes talk like an uneducated person. sometimes speak with class
Thanks for reminding me bro!
I'm following it now.
 
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