In actuality, all religion has a single objective - for the physical being to get into alignment with their spiritual self... However, the issue is one of interpretation.... . And it is this interpretation of religion that gives rise to so many conflicts, disagreements and war..

I've read online and copied this succinctly beautiful differences between spirituality and religion..

"Being spiritual is having an interest in and an attraction to the spiritual dimension, where God (or soul, angel, holy spirit, Inner Being, source whatever you want to call it) is, and where everything that really matters comes from - love, honor, truth, beauty, compassion, etc.

Religion is the human attempt to control the spiritual (organizations, offices, titles, shame, blame, guilt, rules, condemnation).

For me, spiritual means an active, ongoing love relationship with my creator and is an integral part of my health.

Religion would be if I tried to shove that down other people's throats"


Religion has been the single most divisive creation of man, the other being politics

If anyone has a chance, listen to the law of attraction teachings espoused by abraham hicks.. The clarity is crystal

Good observation qqq... Many stocks have bombed out and when bad news can't mow it down, the next level is up... Was already taking sporadic positions since Thursday.. An excellent traders market

Can it sustain? I don't know but as long as one doesn't show signs of weakness, just ride if for awhile... Though volume in general is low, the bombed out stocks are showing good reversal volume buildup.. This is the time the smart money are averaging up slowly in anticipation.. Just be careful of abnormal price spikes and volumes.. Good luck and happy trading

No need to beware, got in at 2.91 on open . Yesterday's price action showed intention to push.. Today's fall is in sympathy with dow's fall, which means it's not a weakness of the stock per se (already scalped pos and muda for a quickie profit) . Prices are expected higher.. How high? Dunno.. Just watch... If an impending play is on, they will push thru supply at the 3 to 3.05 levels quickly to coax holders into not selling.. If they play within that range expect some consolidation later..

Wow! From owning nearly 33% of the company, he now owns less than 10%....the 20+% force sold must have been painful but necessary..

But an astute speculator like him will bounce back again.. This time he should play it smarter, humility and stealth are one of the speculator's strongest trait

Jon is still very raw.. Eventually, one way or another, he will learn.

Let's celebrate each other's flaws by making peace with our own intentions if coming to i3 in the first place.. To get trading ideas

In any event, if one still couldn't release their angst, consider jacky chan's reply to Chris tucker in Rush Hour

CT: how are you always so cool?

JC: that's because I don't argue with stupid people. Everytime I get into one with them, I just reply, 'You're Right!

CT: that's so wrong, man. You'll be a pussy to take shit lying down

JC: You're Right

I think it does not matter whether one has 87% confidence of a positive outcome for even with a 99% probability, that 1% may just turn true circa Murphys law...

For a simple person like myself, my laws of probability are made simple too.. Based on the what the eyes could see, there is a good probability (regardless of %, which is arbitrary anyway) of prices rising if I am right... Therefore, if x happens, do y else z - simple excel formula

@jonchoivo

As I said earlier, you may have some degree of competence in theoretical thinking and financial jargons but still much raw edges to polish in practical aspects

Putting a mathematical equation to computate what effectively is the tug of balance between something as complex as human emotions at play is self fulfilling, at best..

Here's a tip for you, Sharpen your edge on trading psychology and as a young trader then, I find these articles particularly helpful in my subsequent years in shaping my thinking and seeking an edge that worked for me

http://www.brettsteenbarger.com/articles.htm


After all, the markets is ultimately a battle between 3 people - me, myself and I - and not between anyone else, so make your own peace with what others do, for if a trade is not a profit, it was for well spent valuable information of how far you are to your goals and objectives

For a young head like Jon, I must say I'm very impressed with his thinking and incredible maturity on the markets. If you are prepared to polish your rough edges, for an example, tone down on brashness (for the markets have its way to pound you down to compliance), you will get very far in life... I've been trading the markets since I was 18,now 47 and I've never seen anyone with such passion at such age.. All the best

Funny some mindless comments for falls and spikes - you think the market is going to pay a single flying fcuk to what you think... Great real... ... Do not be influenced by these 2 sen opinions, no matter if the intent is ill or good - for that's what they are worth...
Form an opinion on its direction (based on any discipline or technique you are using) and then anticipate the reaction on Monday and take your action accordingly

No la, first hit, Uncle Lim's tomb... All started from there :)

If one has a position in jaks and who is not a trader, the litmus test whether one should hold on to it is either and/ or,

Is your original reasons to buy it still valid?
At this price point, do you consider it attractive to you buy in?

If your reasons are No to either of the above, then why are you still holding on to it? Should sell on the next technical rebound...

If the Vietnam project do take off, and analyst putting in tp of 1.80 and above, there is a huge margin in between, don't need to be a hero..

Remember that yongtai was given tp of 2.10 by many IB, look at it now... I personally know a tycoon of a listed company who went in big between 1.3 to 1.60 on his meetup with the the botak ceo.. Today, if you ask him about yongtai, he said he's the ngong Hai (crude profanity) instead

Goes to show the stock market is a great humbling teacher, regardless of who you are... When arrogance takes place of respect, it pounds you down to submission...

Possibly requested by auditors to make huge impairments for the fox theme park assets.. Haha

A short term selling climax today... Whacked 3.01..

Logically, whatever theme park genting may name it, it'll still attract crowds due primarily to its weather... And over the past few years, genting Highlands has been significantly transformed and school holiday crowds are still good

In order to succeed in this business and in fact, any businesses, is the need to commit, FULL TIME and RESOURCES, into it..

Trading part time can only be a means to hone your skills..

Don't do day trading in the strict sense of the word ie close all positions by the day... Time is your friend, try to learn setups for momentum trading within a 2 week time frame for market makers or syndicates have a plethora of skills to shake, rattle and roll your positions..

Try to make sense on how to spot inherent weakness (distribution) in a stock itself or is it falling in sympathy with market conditions?

You have to find your own edge in your trading style

Losses are an integral part of trading.. Much more than that, it serves as a great teacher for important lessons we must learn in order for us to elevate our skill sets.. . What the loss would have provided us is a clarity in the contrasting forces at play - what we could or should have done under the same circumstances in the future - then that loss is a gain in experience... It is when one continues to lament on self pity that the loss had been futile and wasted..

The only reason why you fall down is simply because you could get back up

Remember, the key to surviving in this business is to make money, not to be right all the time

There is a fundamental shift in the biz of gamuda... It'll get back the contract but the company will never be same as before... Contract values will be lowered and so does margins, cost pressures etc... And the drying up of new contracts....tough, tough operating environment moving forward..

A very strong reversal today and as it is, good for trading only.... Queued to buy at 2.14 but only did down to 2.15...haiz... Would have been an easy 4 to 5 sen scalp

All out between 222 and 224.....contra profit of 30k + for a day's work.. Not bad... Now, queue to buy back

Latest.... Gamuda willing to renegotiate.....

https://m.facebook.com/story.php?story_fbid=1029441387227862&id=163335377171805

I totally agree with probability.... The risk associated with completion a half baked product by an ex vendor is simply too risky... Taking into account, national interests are at heart, Tun M will probably step in as a mediator.. Gamuda reworks proposal and for a lower fee, LGE and MOF accepts it with face saving too....

Also, I see selling exhaustion today... Whacked heavily at 2.06 to 2.08... Let's see

When someone equates lost time with the opportunity cost of money, one becomes a slave to money... And since when a slave is ever happy?

Your work is going to fill a large part of your life and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking, don’t settle. As with all matters with the heart, you’ll know when you find it - Steve Jobs

Alex, kudos to you for having the testicular fortitude to venture beyond your comfort zone.. I read of many well meant advice and words of encouragement from the old birds... And I assure your that it's achievable but it's definitely NOT from buying off someone else's systems...

Grope around, make mistakes, and most importantly learn because the reason why we fall down is just so that we could get back up...

don't track your wins or trades too often and get blindsided by focusing on the trees for the forest.. The key to staying in this business is to ultimately win in the long run and not to be right all the time..

Just when I thought I lost some money this month, I actually made a neat 5 figure sum instead when I reconcile my statements (I only track my summary trades once a month for tax record purposes)... But I'm probably in deficit when I consider that I splurged on a 9k lazboy recliner from Harvey Norman and spent on tickets for my next Scandinavian trip (to avoid Sst) - not bragging but to show you the freedom one could never get from other forms of entrepreneurship or employment..

My one advice probably applies to anyone in general... Education can be acquired thru school (and books or teachers), knowledge can be acquired thru hard work but wisdom can only be acquired thru experience... And it is this wisdom that will propel you to a higher level in all aspects of life

Good luck to you and I sincerely wish you the best

Let's be honest.. Too much expectations have been built into the stock from over promotion... The results were in line with the poorer quarter other companies in the industry have reported too...

With these subdued results and dim outlook, the funds will sell into any rally... Will kyy be gung ho enough to ramp up the price since this has broken his so called Golden rule of rising quarterly profit?

Goes to show how difficult it is to trade quarterly releases.. I've swung to a loss this month as well.

The US is considering to revert back to 6 month reporting to prevent over emphasis of resources on short term results.. I think this idea is not too bad

Alex, my personal advice to you is to rethink your decision and revisit your ambition when you can truly make consistent profits from bursa..

I consider myself pretty good trading for a living and been immensely profitable.. However, when I tried a small hand at forex, I was crucified....

The point is this, if you can't make consistent money in your own home country, do not dabble in trading with the sharpest and most brutal minds in the world.. The violent shakeouts and gyrations will send your emotions on a roller coaster ride minus the seat belts

If you really must short, try your hand at the highly liquid CPO or bursa futures

Anyway, good luck with whatever is your final endeavor

Posted by Alex™ > Aug 25, 2018 12:20 PM | Report Abuse

Ayoyo yearly return 100% above, geng... Ayoyo got subscription?

≠====================

I'm not interested to teach nor do I want the headache of managing clients on subscription... Whats the point? If you are right, it's expected.. Wrong and you get crucified...

As I've said before, I have the best job in the world.. I don't report to nor be accountable for anyone except myself... I go for overseas holidays twice a year, and sends my son to an international school and a fully paid modest home and a conti sports sedan... What more could I ask for?

I'm not here in i3 to seek clients or validation of my skill or results but merely to get trading ideas and kill time

Charles, like Jon's friend, I don't keep tight records because to me, the objective of this game is to win, not to be right (also, I make too may trades in a month, to keep a record, I'd have to engage a book keeper to reconcile) ... $ is just a score and if you have the thinking that you must make x% minimum from your trades, you're setting yourself up for disaster...

The past 3 years, this being 4th year I trade this way, Ive done 150 to around 200% returns and this year, as I've said, had been the lowest so far for me

Jon choivo wrote..

He was willing to sell on the way up, and not feel bad, if he should have kept it and sell at top.


This is the hallmark of a good trader.. One who respects the market and understands that you can never sell the top nor buy the low... As you said, we are after the easy money, the 30 to 70% of the low to top movements and doing it consistently within these ranges, and not big money, 90% to 100% movements

Just like an investor who watches quarterly reports or deteriorating fundamentals for the reason to take positions to buy or sell, the trader watches the change in momentum and sentiment as his gauge... Upthrust, continuation, inherent weakness, lower on sympathy, effort with no results, volume spikes, failed moves etc are all some of these parameters

I have no qualms wagering 100k to 300k on a trade but if you ask me to out RM 50 on the big small table at the casinos, my palms sweat.. That's punting..however, Poker is a game of skill and probabilities, just like trading

Thanks Jon for the inspiring article.... Contrary to what most people think, there are successful traders around.. And their success is much less about technical capabilities than it is about having a plan and sticking steadfastly to it...

I trade for a living and have been very profitable and I can vouch that making 100% returns pa is not far fetched if you know what you are doing... Unless a speculator has the conviction of milking the wave for months ahead by holding positions, , traders seldom get the multi baggers because trading short term is essentially, taking food off the shark's mouth... Take too large a position and the syndicates have a repertoire of tricks to rattle and roll your emotions in the short term (you can only trade very largely during a bull run)

But To compensate for modest position sizing and returns per trade, you have the peace of mind of holding minimal positions and are usually, high in cash..

Of the recent 4 years, this year had been the poorest record for me..even then, it's at Around 80% returns so far, with 80% cash holdings .. I had an exceptional return last month but a very modest profit or even a small loss this month... Earnings season is bad for trading from my experience..

However, I don't regard trading as gambling... Gambling is where the result depended entirely on chance and cannot be replicated with a any degree of consistency.. Trading is just like any business, you buy a product for resale... Some of your stocks will sell well, some won't (and you lose some money)... Your acumen is in selecting and peddling the right products which in your opinion will be resale-able to your customers for a profit... That is the fundamental of all business

Saving, to me, is one of the most overrated financial planning advice... Don't talk about enjoying retirement when you can't even enjoy life now despite the fact that you could afford it..

You sacrificed health in order to gain wealth only to have to eventually sacrifice your wealth to regain your health

And the paradox of money is that, it seems to come to you more easily and effortlessly, if you allow it than you don't

Two stories stuck with me...

A boss who's a self made multi millionaire worked 18 hour days, never skipped a day, saved up, sacrificed his all to acquire assets... When he died, his wife married the long time driver employee and they both enjoyed the fruits of the ex husband's labour... The driver realised that instead of him working for the boss, the boss had in fact been working all his life for him (the driver) instead

You saw that BMW, your dream car, could afford it but chose to slug it out with your old jap.. The next day after your funeral, your son made a deposit for a new BMW


you only have one life and the reason you exist in this physical form is for you to experience joy espoused by your 5 senses... What does all those dollars in your assets mean when you leave this world one day?

KC, I'm humbled that you believe in me but to be honest, I'm not here to get any validation..I'm purely here to kill time when not trading . I have the utmost admiration for some forummers work here, yourself being ranked high in my list..

I believe fundamental investing is the best and most safest way forward.. And because of my style of trade, I'll never get those multi bagger calls as you, otb or others do..

But I make no apologies for it considering my returns this year is >60% and that is the worst in the 4 years that I'm started trading like that

And KC, looks like our age is pretty similar. I've gone thru every one of those crisis too.. Lost money, yes but luckily, not beyond redemption... It'd been another story if I had used MF considering my iffy record then... In those days, I was still a minion looking for the perfect Sifu to follow... Lost my pants and underwear

The reason I'm not using MF now is because there is no need for me to..

It's purely down to my technique now... I was a position trader, holding mid term, 1 to 6 months, which admittedly I'm not very good at.. If I had stuck with this method of trading, I'd needed MF to finance the many 'interesting' setups that I'd want in on...

I have finally honed my technique to be able to do short term with very holds (which was my goal to be able to trade like that) , from 3 minutes to usually less than 3 weeks (any longer means I'd been wrong on my original trade)...

And because, I close my positions so swiftly, I'm always in excess cash thus negating the need for MF... I'm 80% cash now (which is earning 2.5% in the brokers trust account) , yet still trading practically every day ,most of time, within contra period or usually, being able to close the position a few days thereafter

I'd love to be able to speculate like fong siling, otb or yourself but I don't have that skillsets to pore thru reports but I believe that I have a better grasp of reading human instinct and herd behavior

Having said that, in my current situation where I believe I've developed a profitable edge, I wouldn't hesitate to take on MF since I have a firm grasp on risk management

And MF is not a bad thing, if one knows how to manage it

3iii,the Jesse Livermore book was a classic for me that opened my eyes...the parts on how markets operate and his quotes were priceless although his techniques on tape reading were very vague... Richard Wyckoff and Neil Humphrey's book further expanded on tape reading

The guy who explicitly illustrated it in simplified detail were Tom Williams with his volume spread analysis, a former henchman of the syndicates..

After having traded since I was 18 years old, made and lost lots of money myself, I have to say I'd been wiped out beyond redemption had I used MF during the Asian financial crisis

When you are older and hopefully wiser, you'll realise that trading for profit is akin to running a marathon, you wanna pace yourself comfortably to complete the journey and reach your destination, not sprint in spurts and goes out of breath halfway

Here's a good, honest perspective on the realities of trading for a living


http://www.learntotradethemarket.com/blog/market-will-deceive-you-if-you-let-it

Successful speculation is not about follow you, follow me... It's about finding your own edge and sticking to it..

There will always be only one Livermore, just as there is only one Wyckoff.. To mimic them entirely is a sure recipe for disaster... Which is why one will only have muted results by paying and following blindly techniques taught from a guru or master

And I reiterate to newbies, not unless you have sponsorship from your parents, never attempt to start your trading with MF.. Learn the ropes, trade small, most importantly allow yourself to make mistakes and learn from them.. The day you stop losing money is the day you are on the path to profitability

Raider, Jack ma failed tens of times before he got his break..

Maybe I'm not as good as you... It was a long journey

For me, I wanted to be sure I reached my destination ultimately.. If I had taken MF, I'd been in the obituary announcements long ago, like many other speculators before me

To answer raider, why am I still adamant on trading despite my early losses of the past, it's my belief system

I believe that,
I wanted to hone my passion (for trading) into a career.. One that gives me total financial independence, away from the corporate world where I'm not answerable to or accountable for anyone

I can be the minority who can trade profitably

I believe it's doable because
markets are not random, but manipulated by humans to their profitable advantage

There are simple uncluttered ways to look into these smart money footprints.. And because human nature never changes, I was fascinated by the trading acumen of Jesse Livermore, Richard Wyckoff who can trade markets from reading the tape

I believe that in order to trade profitably, it's not the system but how I manage my risks, especially when I'm wrong

I believe that I don't have to shoot anything that moves but put probabilities in your favor by trading selectively.. Notice I used probabilities and not certainties

And many other reasons... The point being, it's your belief system and if you want it bad enough, you'll always be guided to resources or mentor who can help pave the path of least resistance to your goals, be it in life or trading

Raider, that thinking is very flawed.. Taking on debt with no acumen, edge and risk management plan but purely on the asset of youth?? ...

Do you know what the majority of people who have traded the markets all their life never turn profitable?

I have been screwed so many times in the past before turning profitable.. Had I taken MF during my learning years, I'd been 6 feet under now...

Raider, it is very reckless to advise newbies to take MF to trade the markets

KC, thanks for the clarification to which I agree they're sound advice for newbies

To be honest, like you, I do not use MF, firstly, because I don't have to.. As a trader, my trading velocity is very high (and holdings short term, 3 minutes to 3 weeks) . Sometimes, up to 7 times my collateral in an active month... My cash holdings are usually very high above 70% almost all the time (thus no need for MF) ... Then, if I'm so good, why don't I use leverage to maximize my profit?

it's due to my own risk management rule.. Contrary to popular belief, you are not in battle with syndicates but yourself.. I'd rather not over trade but do it sizeable enough, yet not too large that will have a detrimental effect on my temperament that ultimately affects my objective judgement on a trade

But trading, speculating or investing is a very interesting proposition for one, provided he does it right.. It truly gives one the independence, both financially and emotionally... The parent of a 15 year old student who is attending the same international school as my kid, is starting her son young on trading... Paying a mentor to guide her kid to trade forex... The parent even provided a small seed capital for him to trade and he's breaking even... The mom is a successful options trader who left the corporate world to go full time.

Success stories like that inspires...

While I have the utmost respect for KC's work, I don't agree with his one sided mindset on MF... To me, it's an excellent tool for someone who has developed his trading edge and acumen in risk management, to reap maximized returns with limited capital.. The only caveat being, is one competent enough to handle it?

Trading, just like any for profit venture, should be treated as that, a business... If one goes into business purely on the basis of the current or next sexy trends, takes on leverage with no insights into business management, then he's ultimately screwed

Much like trading, if one takes MF and start shooting anything popular that moves, margin or not, one is bound to get screwed many times over...

Take these 3 quotes from masters
A fool and his money will soon be parted

The objective is to make money, and not to being right all the time..

The key to success in the markets is not what you do when you Rae right but how you respond when you are wrong

Stockraider, I don't agree with your observations..

For a consummate speculator, syndicates or operator, the target is less about the Ikan bilis trader than it is about the large funds, institutions and big volume traders that are the ultimate targets..

We should count ourselves very fortunate to be able to move nimbly in and out of a stock.. Speculators like kyy wager millions upon millions, how much stock can 70% of i3 members absorb, so it's not mom and pop traders they are gunning for

If one loses money, wise up, learn and be a better man the next time, not lay the blame on someone else

Kyy biggest misstep is the need to soothe his ego by making his thinking public..

Sharks with large lines of credit will work to his detriment by his own exposures, much like jaks now

He'd have been able to speculate more successfully by adding an air of mystery to his moves, like fong siling...

Simply, keeping his transactions off the radar by not disclosing it in his blogs and buy below the 5% threshold via various nominees, would have worked better for him

I have nothing against him and like every promoter on i3, I'm just thankful for all your opinions, and commentaries, giving me the contrast as well as clarity to decide on a trade

I trade for a living and I do use the principles of VSA taught by Tom Williams in conjunction with what is essentially, tape reading methods of Jesse Livermore, Richard Wyckoff and I'm profitable..

The methods essentially try to follow the smart money footprints a d are sound but many people fail to realise this... Trading is an art, not science and when one tries to put an algorithm into human emotions, the results will always be iffy.

Take for instance, a breakout occurring... True VSA disciples will try to assess the quality of the breakout by what had happened towards the left of the chart, is it a consolidation breakout, is it an up thrust to catch traders, is it a low volume breakout after a high volume uptrend etc ie we try to assess whether the breakout is one of continuation or an inherent weakness of the stock or one with momentum intact but falling in sympathy with the overall market conditions.

After having made the assessment, you then wait in anticipation of what should happen... Understand that even the largest syndicates cannot fight the will of market.. And sometimes, a campaign can fail many times..

For an example, you try to ramp up Jaks and while on its way, Kyy decides to unload on you.. What do you do? Still Gung ho and ramp up or the logical thing is, to back off and shake out by buying lower?

Effort should produce result and if it doesn't, the dynamics of the stock must have temporarily changed.. One must then assess and decide whether the change is temporal or an inherent weakness and react accordingly..

The market is dynamic and fluid.. Your methods should be too

Personally, I won't waste a dime on any courses because it's ultimately you having to find your own edge and not blindly follow someone's methods.. What had worked on one doesn't guarantee it'll work on the majority and it is for this reasons that you only have one Warren buffet and George soros

There are many forummers in i3 engaged in 'my toothpick is longer than yours' kind of arguments.. Ultimately, whether yours is longer or shorter, as long as it gets the job done, it's served its purpose... There is no need to ridicule the other.. Why bear so much vengeful emotions?

When I was still in the corporate world, I was regarded as the top 'con'-sultant in my company in being able to market multi million dollar deals to listed companies... We were always in competition with 3 other top companies in the same space.

What set me apart from the other competitors? I simply focused on our strengths and never did a meticulous campaign to run down the competitors (which most of them did)... The clients acknowledged and appreciated this approach

Therefore, I am thankful for the contrast that qqq3 brings to the discussion but he has also made me realised what I should not be, if I am to elevate myself, both personally and professionally..

Thanks for the lessons, qqq3

Posted by shortinvestor77 > Jun 14, 2018 01:55 PM | Report Abuse

Can Ayoyo also share your experience and knowledge as a full time trader through an article? TQ.

==============================

I am a full time trader and write only for the fun and when I'm in the mood...

Here's the short of it...

The tools
MetaStock
Bursa station professional
Minimum brokerage with cash account (0.1% or some even get lower)

The pain
Download EOD data from bursa station every evening
Run MetaStock
Sift thru stock charts on breakout or on the verge of it with some self tweaked filters on MetaStock..
Run thru tick charts on Bursa station professional to determine 'quality' of the smart money breakout moves
Set traps or price alerts on bursa station professional on the stocks on watch
From 9 to 5 during market hours, sit and watch the screen like an idiot

The gain
70% of my trades are within contra period of which,
90% will give at least 2 bid gain
60% 5 bid gains
30% 8 to 10 bids
15% home run momentum trades of above 15 bids

Stop loss is dynamic and depends on my assessment of why it went wrong.. Example, I don't hold a rigid price stop... When you want to trade with the smart money, you must learn to trade LIKE the smart money... Was the stock down because of its inherent weakness or was it in sympathy with the poor market conditions at that moment?

Always remember, trading is an art, not science... You cannot affix rigid rules to human emotions

I rarely hold stocks for long term.. Long term to me is defined as more than T+3 LOL... More than 70% of my trades are closed within T+3 and usually no longer than within 2weeks ..so,im usually in cash

Even in these market conditions, I'm still up 40+% up to this year, and have 70% in cash up to now ...of course, the converse is also true, I will rarely, read probably never, get the multi baggers because I trade in out of momentum and never fall in love with any stock

Recommendation
Read up
Reminiscences of a stock operator (the book that started everything for me... Fascinated how Jesse Livermore traded without computers.. Discovered tape reading, read price and volume exclusively, NOT a single indicator)
Tape reading and market tactics
Volume spread analysis - written by Tom something? Who used to work for stock operators and he has detailed how to interpret some common operator moves
Lastly, your mindset... Tune the IMPOSSIBLE to I M POSSIBLE... I'm a ardent follower of Law of Attraction and what the mind can conceive, it can achieve, only if you ALLOW it...

Talk too much cock already... Good luck

To be honest, generating 7% returns pa is pretty meek for the risk taken.. But it's also an honest article on the daunting headwinds one face when trading for a living... Making 2% per trade is certainly easier than trying to do 200% bagger.... But if making that 2% makes for one to overtrade and shoots anything that moves, that'd be an early wake for your trading venture

I'm a scalper cum momentum trader.. My returns have averaged between 50 to 150% pa.. My Trading velocity (volume) is very high.. Sometimes, could be up to 4 times my capital in a month... I hold very little long term positions and I'm on cash 70% of the time... I will never bag the multi baggers of otb or kyy but that's alright.. I have my own edge and I'm not sorry about it

From someone who left the corporate world 8 years ago to trade for a living, I want to tell you guys that it's possible, despite the majority on record of losing who become detractors that it's not doable..

So, my contribution would be from the perspective of your mindset

- have the belief that it is possible and you do not want to be 95% that failed but the 5% who succeed

- you need to have information and knowledge to guide you on the type of trader you want to be, based on your 'dream' type (investor, momentum trader, scalper etc) and most importantly, your temperament, for each category calls for a completely different set of skills and risk profile

-read up on what it takes to make it... You will make many mistakes and that's good, for it is in the wrong moves that make you realise what you don't want in order for you achieve what you want

- absorb all knowledge in,do not be big headed and ridicule anyone, be thankful of their perspective, discard what's not in gel with your objectives and finally

- FIND YOUR OWN EDGE - what worked for otb, kyy and icon will work for them exclusively because they have developed the intuition to separate the wheat from the chaff... This is the most important point in your goal to trade for a living

- finally, trading for a living is still hard work.. If you read my old comments, you will realise the preparation work I do daily before trading starts.. You would also have read of otb hard work and perseverance in his daily routine to find the right trade... You gotta have passion for this business (in fact, any business) else you will drop off meekly and easily

Good luck

A fisherman who wants to catch more fish will cast one, two or more nets. This is akin to someone who works for money. He slogs day and night or jogs thru several jobs (nets) in the hope of making more money (fishes). The end result? By the end of the day, he's going to be exhausted with very little money to show (just like the fishermen)

The wealthy ones make money work for them in that they make the fishes (money) swim to them. How? They build coral reefs.

It is never too late to build your own coral reef, be it in starting your own business or passive income empire (properties, stocks etc), investment in education (to widen knowledge and increase your value) or leverage on other people (to complement your weaknesses), developing an edge in your techniques or methods to bring in consistent income etc

simple as they are, those are the secrets of the millionaire's success

- rewritten from Joey Yap's live events

Qqq3, I do hope and believe that your son will have bigger dreams than what his father had wished - that for him to make 12k per month by 30

And yes, love and hatred may be on the same stick but they are at the opposing ends.. Which means You can't be feeling both at the same time.. And outcomes vary upon which ends of the stick one is holding