Forex Tradingwithrayner

[victorism]

Hi tradingwithrayner, what's your Average Profitability Per Trade(APPT)???

 

[tradingwithrayner]

Hi tradingwithrayner, what's your Average Profitability Per Trade(APPT)???

You can see my performance here.

Rayner

 

[victorism]

Hi! I've took the time to read this whole thread and you site. Very deep insights on TA! Thanks for the info.

 

[wahkao3]

I made next to nothing in the last 6 years from 2009 to 2014 due to a single S$570K loss in Nov 2012.

can share your experience how the loss happened? so we can learn?

 

[private_invest_sg]

I have never came across a young local self employed trader who have successfully traded and is still trading for a living, in my 10+ years in this business. You could be the first one, although I am doubtful.

Hi DayTrader

No comment on tradingwithrayner. Like to highlight there are more than a few people who are trading for a living for more than 20 years in Singapore. You just have to look at the right place. In some trading floor, the desk is occupied by the same group for decades!

I was shocked myself when I was conducting audits on my fund's traders at how much they are making. They prefer to be and stay low profile.

 

[wahkao3]

Hi DayTrader

No comment on tradingwithrayner. Like to highlight there are more than a few people who are trading for a living for more than 20 years in Singapore. You just have to look at the right place. In some trading floor, the desk is occupied by the same group for decades!

I was shocked myself when I was conducting audits on my fund's traders at how much they are making. They prefer to be and stay low profile.

yea make money quietly.....

 

[wahkao3]

How can you learn from my loss when I myself could not learn from it? I busted my trading account twice (first in 2007, second time in 2009) before that S$570K loss in 2012.

If you want to learn, read about Jessie Livermore. At 53, he made more than a billion USD (today's money). 5 years later he is a bankrupt.

is it leveraged? wadz the leverage?
did u cut loss?
which stock were u vested?

 

[tradingwithrayner]

Hi Rayner,

I am a full time self employed futures day trader.

I have been trading for a living as an SGX Derivatives Trading Member since 2005.

I made next to nothing in the last 6 years from 2009 to 2014 due to a single S$570K loss in Nov 2012.

Last year I made S$17K net profit with S$140K capital.

This year, I trade with a S$110K capital. I made S$4.8K in Jan, S$6.2K in Feb & S$12.7K in Mar trading Nikkei 225 futures using my own discretionary day trading & scalping strategies.

Would you mind telling us how much money you made last year and your monthly profits in Jan, Feb & Mar this year, since you claimed you are now a profitable trader?

I ask because I wonder how your trend following trading strategies could provide sufficient income for a young trader with limited capital ($30K to $50K) to trade for a living.

I have never came across a young local self employed trader who have successfully traded and is still trading for a living, in my 10+ years in this business. You could be the first one, although I am doubtful.

Thanks.

Hi Daytrader,

For obvious reasons i won't disclose how much i make from trading.

All i can say is I trade with a proprietary trading firm in Singapore.

And to me trend following isn't mean't to replace one's day job in terms of earning a regular income stream, it's more wealth building approach growing wealth consistently over the long haul.

And you are right 30 - 50k isn't enough to trade for a living, especially so if it's trend following from the higher time frame.

Yes you can be doubtful, after all this is the internet and anybody can claim to be anything they want to be. This is why i'm not here to prove or convince anyone of what what i do.

Rayner

 

[tradingwithrayner]

Hi! I've took the time to read this whole thread and you site. Very deep insights on TA! Thanks for the info.

You're most welcome victorism!

Thank you for taking time to go through the materials, cheers!

Rayner

 

[alexchia01]

Hi Daytrader,

For obvious reasons i won't disclose how much i make from trading.

All i can say is I trade with a proprietary trading firm in Singapore.

And to me trend following isn't mean't to replace one's day job in terms of earning a regular income stream, it's more wealth building approach growing wealth consistently over the long haul.

And you are right 30 - 50k isn't enough to trade for a living, especially so if it's trend following from the higher time frame.

Yes you can be doubtful, after all this is the internet and anybody can claim to be anything they want to be. This is why i'm not here to prove or convince anyone of what what i do.

Rayner

Well said.

 

[alexchia01]

How can you learn from my loss when I myself could not learn from it? I busted my trading account twice (first in 2007, second time in 2009) before that S$570K loss in 2012.

If you want to learn, read about Jessie Livermore. At 53, he made more than a billion USD (today's money). 5 years later he is a bankrupt.

After losing so much money and you have not learned anything from it?

This is sad and wasted.

To a good trader, every losing trade is a lesson. If you have not learn from them, how are you going to improve?

Anyway, I think you are too risky. I'll never encourage anyone to trade more than the minimum until they have at least a basic strategy, one that have a capital protection rules build into it.

 

[tradingwithrayner]

It is indeed sad and wasted.

Had I been able to learn from my mistakes, I would have extra S$2M cash with me now.

There were 32 trading days where I failed to learn from past mistakes and repeated them, resulting in losses greater than S$20K a day.

Total losses from those greater than S$20K losing days is about S$2,172,000.

This may surprise you - I wouldn't have it any other way.

I appreciate your sharing. You are a veteran trader and i probably have nothing more to add.

I wish you well and to have better trading days ahead. Thanks for stopping by

Rayner

 

[wahkao3]

10 years trading experience for myself doesn't make me a veteran trader, in my opinion.

Neither can I claim that I am a successful trader, based on my trading results for the past 6 years, with almost no profits.

What I have is just 10 years of learning and training, which may or may not make me profitable this year or the next.

The only reason I choose to post in this forum is to improve my trading knowledge, nothing else.

perhaps u like to try investing?
investing no need so much skill

 

[tradingwithrayner]

Thought this is a good read..

Discretionary traders VS systematic traders.

http://www.newtraderu.com/2015/03/24/discretionary-versus-systematic-trading/

Rayner

 

[prudent76]

Hi Rayner,

I am a full time self employed futures day trader.

I have been trading for a living as an SGX Derivatives Trading Member since 2005.

I made next to nothing in the last 6 years from 2009 to 2014 due to a single S$570K loss in Nov 2012.

Last year I made S$17K net profit with S$140K capital.

This year, I trade with a S$110K capital. I made S$4.8K in Jan, S$6.2K in Feb & S$12.7K in Mar trading Nikkei 225 futures using my own discretionary day trading & scalping strategies.

Would you mind telling us how much money you made last year and your monthly profits in Jan, Feb & Mar this year, since you claimed you are now a profitable trader?

I ask because I wonder how your trend following trading strategies could provide sufficient income for a young trader with limited capital ($30K to $50K) to trade for a living.

I have never came across a young local self employed trader who have successfully traded and is still trading for a living, in my 10+ years in this business. You could be the first one, although I am doubtful.

Thanks.

I have also traded for close to 10 years but at the retail level. I have never seen a profitable trend trader. Scalper yes, day trading also seen before, but I have never in my life seen a profitable trend trader. By seen, I mean actually seeing the actual broker statements. Which is why I follow this thread with great interest, even though simple back of napkin calculations tells me that his current strategy PROBABLY doesn't work. Like I said, PROBABLY. There's a first time for everything. Maybe this is the first profitable trend trader I will see? Who knows. I have an open mind and watch with keen interest. I wish Rayner all the best and hopes he proves me wrong, that you can be profitable as a trend trader.

 

[wahkao3]

I have also traded for close to 10 years but at the retail level. I have never seen a profitable trend trader. Scalper yes, day trading also seen before, but I have never in my life seen a profitable trend trader. By seen, I mean actually seeing the actual broker statements. Which is why I follow this thread with great interest, even though simple back of napkin calculations tells me that his current strategy PROBABLY doesn't work. Like I said, PROBABLY. There's a first time for everything. Maybe this is the first profitable trend trader I will see? Who knows. I have an open mind and watch with keen interest. I wish Rayner all the best and hopes he proves me wrong, that you can be profitable as a trend trader.

according to statistics on SGX market, it has periods of losers and winners
winners win big and few
losers lose small and plenty

long run is around 35% hit rate
CAGR around 11% over 20 yrs


where did I get these statistics? Its from my own computer simulations

 

[prudent76]

according to statistics on SGX market, it has periods of losers and winners
winners win big and few
losers lose small and plenty

long run is around 35% hit rate
CAGR around 11% over 20 yrs


where did I get these statistics? Its from my own computer simulations

Hello Wahkao3. Thank you for sharing your findings. Are you referring to the index or individual stocks?

I need to clarify what I said. I am referring to trend trading strategies on Forex specifically. Will trend trading work on commodities? I don't honestly know. Will trend trading work on Stocks? I don't know. Will trend trading work on the forex spot market? I am fairly certain that it doesn't.
I have a gut feel that trend trading strategies may work on indexes but you would really need a lot of time to do the testing...

 

[tradingwithrayner]

Hello Wahkao3. Thank you for sharing your findings. Are you referring to the index or individual stocks?

I need to clarify what I said. I am referring to trend trading strategies on Forex specifically. Will trend trading work on commodities? I don't honestly know. Will trend trading work on Stocks? I don't know. Will trend trading work on the forex spot market? I am fairly certain that it doesn't.
I have a gut feel that trend trading strategies may work on indexes but you would really need a lot of time to do the testing...

Something to share here. For me as a trend follower, i trade across all markets be it forex, bonds, indices, commodities etc.

I don't solely focus on one because you just never know when a trend will emerge. This is one of the key principles of trend following which is to trade all markets.

However that being said, i've also seen traders who apply a trend following approach solely on stocks only and is doing fine as well.

You can check out http://www.thetrendfollower.com/ and http://jonboorman.com/

Rayner

 

[prudent76]

Something to share here. For me as a trend follower, i trade across all markets be it forex, bonds, indices, commodities etc.

I don't solely focus on one because you just never know when a trend will emerge. This is one of the key principles of trend following which is to trade all markets.

However that being said, i've also seen traders who apply a trend following approach solely on stocks only and is doing fine as well.

You can check out http://www.thetrendfollower.com/ and http://jonboorman.com/

Rayner

Therein lies the problem. As markets are to some degree correlated where whipsawing is occurring in 1 market, other markets are also likely to be whipsawing. If you were trading multiple markets, you could likely be whipsawed to death. A prolonged whipsaw state, (you can see this on any random chart) would wipe you out or do massive damage to your account,even at 1% risk. No. position sizing and risk management are just position sizing and risk management. Let's be frank, its not an edge.

 

[wahkao3]

Therein lies the problem. As markets are to some degree correlated where whipsawing is occurring in 1 market, other markets are also likely to be whipsawing. If you were trading multiple markets, you could likely be whipsawed to death. A prolonged whipsaw state, (you can see this on any random chart) would wipe you out or do massive damage to your account,even at 1% risk. No. position sizing and risk management are just position sizing and risk management. Let's be frank, its not an edge.

yes true
whipsaws can kill

do you have any solution to this common problem?