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.

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.

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...

Learn Not To Trade

I used to be a day trader for two years. Two years experience taught me very important things that may become the key to your successful tradings. And I deeply believe this one is a very important key and reason why lot of day traders failed.

Learn how to stay at the sideways....

Seemed easy but hard to do, especially if your income solely depends on your trading profit. As futures trader, we may stay not to trade for days, even weeks. Just stay at sideline. How convenient...this is true. For example price didn't move much if there will be big economy news or meeting coming. Price may stall 2-3 days before the big day. So why you wanna trade the obvious whipsawed price? Better just go to the beach and enjoy the vacation...But No!..we continue to trade because if we don't trade then we don't make money. Maybe your subconscious mind told you to take action, waiting make you look like a worthless lazy being. Then you get this brilliant idea to trade this whipsawed for the sake of trading. 

Professional trader only trade when there are trades, no need to attend every day, interpret all ticks coming, up and down, hoping become the master of tick reading. Some traders have dreams to mastering one type maybe S&P, Dow, and believe that's their ATM. Every single day try to crack the ATM, instead the opposite happens.

Honestly this is the worst finding..dull market is not suitable for trading, especially day trading. Few traders realize it. You can make more money just trading 3 months in a year than trading full 12 months. That is the fact, been there.

How is the solution? Create a filter to identify to trade or not. This is the key. You can use the volatility index, important release news, or ticker speed, volumes, anything that suits you.Before I used a surging fast volume to identify the good to trade or not. But too bad that my price feed service is bad so sometimes give wrong signal. Or you can use incoming news and see if result worth moving the price. And then stick with it..If there is no trade for two weeks, stick with it. Easy to say, difficult to do.

What kind of traders are you? Bet it is No.2

Contrary to general beliefs, trading is the most stress free, big income, less work job in the world. We need to set the mind straight, enter the zen state about money. Some people collecting hard earned money to trade so a lot of emotional attachment in it. Let it out. Don't treat trading like a business or office work like we did before. Treat it more like smart gambling. If you start traditional business, you expect to become bigger in long term. Quite impossible for business to grow have breakeven in one week while trading may reach 100% return in 3 days. It is different.

 I will classified the types of people into 3 categories:

 1. Impulsive Gambler, they treat trading like a casino. Trading only for fun, or try their lucks. Just like casino player, they are not afraid to lose. Doing it over and over again with no method whatsoever. Risk management is nil. This traders will reach fame or shame result. Rich or Die.


2. Management Trader.. traders in this category usually make blog about their trade, willing to learn how to trade. Have desire and dream to trade for a living. They use methods and rules to trade. They logged their trades, Analyze anything. Seem a good type of trader to success. Problem is in the end, this kind of trader will end up like gambler. Only longer pain and more hard work. They think they can crack the market with their method. They embrace the risk but actually it just illusion. The biggest problem here is they still have attachment to their money. Emotional cling that even the slightest breakdown will ruin your years hard work. I bet people will profit from demo account than real account because of this problems. Even with the exact same methods, I will bet my life in the end demo will have better results. The answer is attached of the money.

Some said they will discipline only allowed max losses at certain amount. Well take that 7 days in a row and see what happened to this guy. Physical pain, emotional pain, surely affect their next trades. We are human being, cannot kill those emotions fault. Embrace it and get ready anytime.


3. Smart gambler. This is what ideal traders should do. The attachment to money zero percent, but still trade with discipline and methods. What if they lose 7 days in a row? No effect. What if they win 100k? Maybe just smile. They enjoy lives, money for them is just tools. Sometime gained, sometime gone. Trading world is a big playground for them. They never calculated their floating profit, never watched the price tick by tick, they trust themselves, and managing trade with the let it go mindset. Don't care what the market will do. In their minds, there are no overprice or overbought. No cheap or expensive. All just numbers. They always trade the high odds chance. They knew market is not the same every time. They only trade when condition is good. They patiently wait their moment. While still enjoying their lives. The way they manage trading are different with others. They never wanted to be a hero to buy at lowest price and sell at highest price. If it happened, they considered it lucky guess and never want to analyze the lucky shot. Treat the money like bullets to shoot target. They never regret the bullet they spend if miss. They forget it. They are not focusing on how many bullets they wasted. They focus on how to hit the targets. And they are the winner in this trading world.
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Most of us stuck in number 2 and despised the number 1 type of trader. Well we are not better than them. Only die longer and more pain accumulated. All the trading book not setting your mind right. Only insane people can trade profitable consistently in first place.Our mind is not set to trade since we are born. We must tweaked our brain myself and it took time, confidence, and humbles. I already become the smart gambler, I can set my mind straight. I am not discipline every time but I can set my mind straight. Sometimes I fell to gambler area but I still limit my risk. One important key is not treat your profit as your money, unless you are quit trading forever. And trade never been so easy

Neverending Dark Trading

Dark Trading which I applied right now means I exploit broker weaknesses. I don't trade against the market. I trade against the broker. This trading is so secret include method, tools, software, EA, broker I used, and even the results. This is the best trading method for me. My trading is just looking for new broker almost every month, looking for its weakness and exploit it.Sometimes I found new method and my trading keep evolving. Regular trader usually depends on chart, price action, momentum, or event. While my trades depend on just say I made money at volatile market. And not trading at silent market. I am not a day trader, means I didn't trade everyday. I will illustrated myself with casino player who is cheating. That is me. I cheat the broker. How easy it is? So easy that I made tons of money unlike other struggling traders out there. I have losing trades too. I am not God. But in a long run if I kept searching new broker, evolved my method, and do it over and over again, there is no doubt 100% chance I am profitable. A lot of dumb traders out there looking for patterns, trying new methods years after years doing the same thing. New method, not working, demo, new method, profit, loss, back to demo, another new method... doing that for 5 years is insanity. I used to be like that too, but the difference is I am not a dumb headed guy. I am not doing what I like. I did what worked. I dumped all my methods that I honed for years. I threw off all my skills I experienced. I am back to zero and I win. Most traders out there do what they like, not what is working. Especially for day traders. Don't get me wrong. There are profitable day traders but not everybody have talent at it. And the most faulty philosophy about trading is never give up. That is so stupid. For example if you open a CD music shop, then you won't give up though 99% music lover buy from iTunes? Wake Up!!! If your methods not working for 5 years why you still loyal to it? But most of traders out there start from not discipline. They think after disciplined they can be profitable. Well, if your method sucks, you will still lose money. It is not about disciplined. Some traders said those dumb head traders needed at the market so we can earn their money. I told all of this because I didn't get your money if I win. I take broker's money. So this is my honest advice to all of struggling trader out there. I realized some traders don't like my post here but this is the hard truth. Human emotion is the worst content for trading. Give up, take back step, and come back with new you. Throw all the garbage that is not working, focus on what is working.

What works best in trading for me

13 months consequtive winning teach me what is works for me: 1. Focus on what is working, not on what you like. If you like day trading better but having better result on swing trade by all means trade the swing... Unless you are trading for fun not to make money. 2. Know what you are doing. Identify the trading result. Is it from mere luck or the methods you apply. I sometimes try my luck for few trades but definitely not my bread and butter trade. Usually those trades I took after secured gains on the month. Whatever the trade goes, I will still net profiting. 3. Explore more depth of your working method. There is no end of improvement. For example if your methods only working at volatile market, find ways how to avoid choppy market. There is no point you trade when the odds not in your favor. 4. Discipline and throw away the "gut feeling" when trading. Like I only buy when news are good and vice versa. Don't care of the rest. The results show themselves. Sometimes it's wrong but over the long term, it will prevail. 5. Automate the trade if you can. Human Brain is not always on top condition. But you don't want to miss opportunity when you are not fit. Robot is the answer for this. Using the robot will eliminate the need to discipline and reduced the brain work when trading. I find out my brain is working better when not trading. 6. Able to move on. If your method is not working, and improvement didn't help, move on to new method. I have seen lot of traders stick to the useless method all the time and refused to admit it. It is human nature, but trading is not the area of human nature. In facts, it opposed all the common behaviour of most humans. In the end trading is just tools to reach your better goals. Use the money from trading to reach another dream. Don't trade for the sakes of trade itself. The only reason I love to trade to make money because it is the easiest thing to gain big money legally. If there is easier way to make bigger money than trading I will gladly move on to it.