Wednesday, November 13, 2013

Free yourselves from old habit

Most of us going through this life cycle. Go to school, college, then work. We are programmed to do this for almost our whole lifes.

As students, we are programmed to attend classes, study, and doing homework. As workers, pretty much the same. Attend to office, do assignment, etc. Our brains are forced to do this daily routine every day.

We also programmed to receive instant awards. We study, make homework done, then we will receive good grades. At work, we work hard, finish project, then we have our paid. Of course not all jobs like this, but most of it is.

While there is nothing wrong with all of this, it may become big problems in trading world.

This is not our regular world anymore. Hard working is useless, Full focus is dangerous, fully attachment is deadly. If you watch Oscar winner movies  "A Beautiful Mind" when Russel Crowe seeing weird things. That's may happen to us too. We seeing things look loke profit pattern while in fact it's just our halucination.

To be succesful in trading you must have patience beyond normal. You must withstand the pain of not doing anything while must standing guard. Embrace the pain of your long waiting did not pay at all. It is the mentality of a sniper you must have. Waiting the right moment when there is no guarantee the moment is right.

When your mind is wired to all of those, then you are ready to make money consistently.


Friday, October 4, 2013

What is the hardest aspect to overcome in trading? Emotion? Are You Really experienced the real emotion?

Yes, It's true. Psychological is the most important aspect in trading. But aspire traders maybe never experienced the real psychological revelation in trading. It cannot be described by word how to feel it. But I am sure I already experienced almost every emotional traits in trading.

I am not an expert in human psychology. I am just ordinary trader with few education. I start trading 2007 and only after early 2011 found my own holy grail. From that moment till now there is no turning back. I can wiped out my losses from 2007 - 2011 in 2 months. It seemed like profit is my middle name now. They keep coming like a free ATM machine. Best moment in my life is now.

I want to share some of my experience and how I can reach all my dreams till now. I cannot help you to overcome your psychology problems. Each people have different problem, different character, and also different solutions. But one thing is very important about all this trading stuff is only one:

mindset

Yes, mindset is the most important thing in trading and all other things in the world. Mindset that you are destined to be success. Sound cliche but it is true. Mindset is different with faked hope on market direction. It is more about what's inside you. What you believe most, but always have open mind. It means what you believe can be changed but one thing is not ever change that you believe you are destined to be success.

I saw some traders keep doing the same thing, tweak there, modify this, etc. While they missing what is true important things in trading. Their eyes is closed by illusion of trading world. Trading world is what I can see is the same with Business world. You success, everybody want piece of you. Competitors come out, Copycat everywhere. In my country it's worse because no copyright protection here so everybody can open same business like you.

Let's step aside for a moment. See with different persepctive. Trading is not just you vs the world. It's more than that. You must have confidence in you. And it is near impossible to get it if you still struggle in trading. Breakthrough is needed. You must profit first then keep it that way. Keep profiting. Keeping is very difficult. Sometimes there are stones. But still, you must keep profit, Manage your emotion. Keep profit till you have abundance mentality. This usually come when you earned more than you need. Right now I only need 10% of what I earned. It felt so secure and comfort. When market is dull, I keep low and sometimes not earned much or even nothing. But when there are good moments, it's payback time. I earned insanely like there is no tomorrow.

What is abundance mentality? It is not about living lavishly and hedonism. I still in modest living mode. But I kept giving what I earned to theirs who need more. Yes, I will hold my desire to buy cool gadget but I donate the same amount of money to others. Feel Strange isn't it?

Philantropist showed that they have more. And the attraction of abundance will give them more money, It worked. Now I don't really need that much I earned but it is always feel enlightened to share with others.

If you can start to give now, it's a quantum leap to your trading journey. If you showed the world you have more, than the more you will get.

PS : all losers trader are usually stinky, because the poor mentality. Changed it and see what you get.




Saturday, September 28, 2013

Are there easier job than trading?

I run 2 persons trading business. Both of us only need computer and internet connections. Most of my trades is managed by algo trade. Monthly I made 10k on average.

No employees,no office,no overhead cost,even very rare supervision on trades. I travel to europe and china and my loyal robot make money almost every working day.

Of course sometimes the stupid broker found out my scheme than they requoting or even worse bullying my trades. Then it's time to open new account with different name.

This method work just fine. But do not too gredy taking broker's money. Better steal 1k per month and run in long term than hit them 10k on one month then your robot is blocked forever.

Brokers also need time to recoup their loss. Give them time to recovery. You dont want your client out of business because of your greed.

Also keeping secret of your method. Because of supply and demand law. Money comes from the edge. If everybody knows, it is not edge. It is public information.

All big company biggest secret is their product ingredient. So they can monopoly the market. we should do the same things.

I saw almost everybody in my trader blog list either quit or struggling. Seriously, after six years of trading, what do you have? I have infinite time freedom, enough money, cars, house, savings. Trading is just tools to reach your goal. If the tools is not working.. find something else.





Saturday, February 9, 2013

Long time no see

Hello to all traders around the world. not updating my blog doesnt mean i quit trading. Life has never been easy. Money though not so much, I can live beyond my expectation. My ultimate goal is making 100k monthly from trading. I believe I can reach that level in two years. Today I still stuck around 10k monthly. But every month i made money for sure.

At this moment i am virtually have passive income with very little work to do. for me every day is sunday. I live comfortably and every month I picked up money like I have my own money tree. My job now is mainly growing more trees and pick the fruits every month. 

But with all this comfort and happiness I am still unease. I accumulate capital to start my own business. never satisfied what I have doesn't mean greedy.  There will be more and more dreams to achieve. 

Now I am in the state of not afraid of losing money. Because every month I will get it back. I experienced of have nothing. The only fear is temptation to spend money too much for personal pleasure or consumerism.

Lessons I learnt so far that make me today:
1. Keep secret the recipe. imagine if apple declared their iphone technology, every company will create the clone and of course will hurt their sales.

2. Be flexible. remember the world is runing fast. be agile too. Don't stuck too long at not working thing. I fast cut the unprofitable method even before they make tons of money. No loyalty for me. Cut the weak, exploit the strong. That's the law.

3. New idea every day. I cannot be like this if I am satisfied too soon. My mind always working for new ideas and method. new broker. New product. take action even when you are at the top of your performance. i always leave my competitors in terms of technology. That is why I keep outperform them.

4. Detailed monitoring. always analyze everything even when you profit. I did this recently and find out the broker cheat me even I make profit. next time i already have pre cautious move and avoid big losses.

5. Be smart. knowing your broker will never let u profiting forever so trick them!! Don't be naive.be paranoid every moment unless it prove otherwise. This tips only valid at dealing desk broker.

Trading is already become part of my life.And life never been so easy...