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SleepWalk
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« Reply #60 on: November 01, 2007, 09:33:50 AM » |
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dont show us your 2 dot lah, very very very - can not say lah.
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suredie2
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« Reply #61 on: November 01, 2007, 10:15:52 AM » |
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dont show us your 2 dot lah, very very very - can not say lah.
hehe, just sexy no others |
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Don't make Bursa as Your graveyard, Make it As a ETC card
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PlayPlay
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« Reply #62 on: November 02, 2007, 02:07:47 PM » |
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You don't need big capital to trade futures and make it big there. What u need is the skills. U must have the skills and u have seen how market behaves during high volatility market.
People say that u need big capital to make money in futures it's not true. I did it with less than RM 5000.
And i turned it into 300 times return. In just a matter of 8 months.
The key is trade small first get the correct skill set. Then when u r confident of your consistent profit. U pyramid all the way. If your accuray is around 70% that will do with appropriate cut loss skills.
The trick to make a lot of money in index futures is use your unrealized profit to ride the trend. It's not like stocks u need to realize your profit to buy another stock. In futures trading unrealized profit can be used to buy another lot of contract if u think the trend is favorable to you.
Trend trading is the key.
Regards,
alanpei
Alan Pei, now market start to down and may be the end of bull, why no comment already?? |
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Doom
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« Reply #63 on: December 14, 2007, 02:40:06 PM » |
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Just wanna share my personnal idea of trading for living.
In order to trade for living you must have sufficient capital, mentally prepared and basic knowledge about the market. Capital refer to how much money you can put in for initial start and this must be a risk capital(capital that even u lost it all and i will not affect your lifestyle). While you need to be prepared to take pressure and mentally strong. Market is volitile and unpredictable, up and down, win and lose like roller coaster.
It takes me few year for me to start trading for living which virtually what i'm doing rite now(So far so good but not as good as those in US). Secondly do you really like to trade for living? It's not as simple as we read in article or any where you see. If you're earning 5k a month now, how much would you like to achieve in trading? Can you maintain it all year long? Your life will be different from now, if you are intraday trader, do you have the time (no holiday man). If you are position holder, do you have sufficient fund? Once you are professional, you got no EPF, no Medical benefit no colleague and it's only you. From the day u start trade, everyday is tension and how are you going to handle (unless you have a system or a strategy with 90% winning rate, but still the 10% losing trade make you headache). Since last year FCPO and FKLI have good trend which most people can make a lot of money how about sideway time? No one know how long is the sideway period, that time is your equity drawdown time ( you will start thinking, did something went wrong). My personal opinion, if you can handle all of this then you can start go ahead. I saw many people trying to do that and they wanna start fast and rush in. 99% of then canot sustain, only 1% can really make it(not sure how long i can stand in the market lol).
I always agree trading is fun and can make big buck, if you trade for living then you are the boss. No need to face your stupid boss sour face. Ya one more thing i wanna add once you grow big, problem and pressure will grow as well (imagine you buy 1 contract and lose 10 point vs you enter 50 contracts and lose 10 points each and buying one contract at specific price is not that hard but 50 contract in one time price will be a bit diff).
Feel free to add comment, i'm still in the learning curve like others.
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Semi Professional Trader cos money not enough.
</noscript>
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desmond
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« Reply #64 on: December 14, 2007, 09:26:31 PM » |
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My definition of "trading for a living" is this:
How much gained must be able to pay for living expenses (food, rental, recurring debts, etc...). Trading is the main source of income. That's all.
If u have a day job or other sources of income from business (rental, etc..), then not really considered "trading for a living". That's why it's so damn difficult to do just that.
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Doom
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« Reply #65 on: December 15, 2007, 12:28:10 PM » |
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Ya, very difficult especially if you dun have sufficient capital. You dun always get so high ROI. 20%-50% constantis good enuf for me. More than that i consider bonus.
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Semi Professional Trader cos money not enough.
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smallcap
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« Reply #66 on: December 16, 2007, 01:46:34 PM » |
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Good post Doom  Agreed what u mentioned. I still couldn't take such pressure as i got no confidence to earn my monthly living expenses via Stocks Market... I dare not to touch Futures yet  Not much ppl willing to leave their salary and take the high risk in finance market for living. Good luck! |
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High Risk High Return
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Doom
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« Reply #67 on: December 16, 2007, 06:12:32 PM » |
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Normally i will divide my fund into 3 part. 40% into long term and lower risk investment 30% for mid term like stocks (not those dividen type more for capital gain) and the last 30% into high risk vs return FUTURE. I think this way will maybe my equity chart more smoothly
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Semi Professional Trader cos money not enough.
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littlefish
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« Reply #68 on: December 16, 2007, 06:33:46 PM » |
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ya, i divide my capital also.
but if your skill is very good , then can focus on one or two high return counter. i think that will be better.
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要是没有IT或Programmer，就不会有网络，电脑和软件。
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Doom
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« Reply #69 on: December 18, 2007, 02:56:02 PM » |
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Ya, it's important to do that so that your porfolio will grow more smoothly. How about others? ANy better advice?
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Semi Professional Trader cos money not enough.
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