Easy as it is, good news buy, bad news short. No need stay at monitor all day, Not even every day. Just stay at the right time and made money.
To become profitable day trader you need nerve like a steel or made lot of profits already. Eliminate gambler's alert, that's it. You know why prop trader make more money? Because they trade other people's money. No emotional involved with the money.
I can become sucessful day trader if I want to. But why need the urge? I can easily made 3-5 percent monthly without risk too.
I saw other blog made resolution every time they made bad trade, just to break it over and over again. Very few profitable traders that blogging regularly. Only aspiring trader like me before who think become better and better each day. You are not. You just made rat race on your trading account. I have experienced that too. If you still have a regret missing the big move, you are not ready.
The urge to trade every day also reasoned why begineers failed. Trade when there's only movement. Don't trade when price is dull. That's it. You will make money if you trade only when there is good volatility in market even only with simple MACD signal. Now you just need a good indicator to identify early volatility. For me, if I have so many requotes on my Gold Trade then it means volatile.
Now I spent more money for my pleasure then on market. It's much much cheaper really :)
Thursday, March 22, 2012
Monday, March 19, 2012
No Trade, So What?
I have been learning that not everyday give same opportunity. I gave up all my manual trades to Automatic Trading or Methodical Trading such as news. If there is no big news or no trade on my Robot so what. I did trade for making money not trading for the sake of trading.
I spent some of my profit for my personal pleasure. And it is even much much cheaper than trading recklessly. Sometimes I trade lightly if there is some 80% probability from my signal. I detached completely with the money on the trade. I trade for making money, not even slightly bad emotion if my trade gone bad. I already preserve so much that it won't hurt unless I choose to hurt myself.
I used to despised robotic trading but now I did it. Some brokers won't let robot and I wonder why. It's because robot can defeat the bucketshop. So, why not using robot?
I spent some of my profit for my personal pleasure. And it is even much much cheaper than trading recklessly. Sometimes I trade lightly if there is some 80% probability from my signal. I detached completely with the money on the trade. I trade for making money, not even slightly bad emotion if my trade gone bad. I already preserve so much that it won't hurt unless I choose to hurt myself.
I used to despised robotic trading but now I did it. Some brokers won't let robot and I wonder why. It's because robot can defeat the bucketshop. So, why not using robot?
Thursday, February 16, 2012
Thursday, February 9, 2012
Saturday, January 21, 2012
Why we don't need SOPA and PIPA
As we can see, the SOPA and PIPA polemic is finished with delayed voting. The main purpose for these new rules is for preventing piracy from the internet especially movies. Practically, the US Government can use these new laws to kill every sites they don't like. This is another acts to prevent us know about the truth.
The Hollywood Movies Business is very uncreative to sell their product. Why not using strategy like itunes who make mp3 piracy madness to a whole newworld. Broadband streaming is so common right now and downloading movies is so easy to do.
Here is my thought to make movies download business to the next level, though I know some of my idea already implemented.
1. Diversified product and price. Selling downloadable movies with different price. Low Res, High Res, HD.
2. Make the buyer proud. You can see why iTunes so success? Because the fans make it success. They are proud if their favorite songs become the most downloadable song on iTune.
3. Forget about DVD or BlueRay. Like era of CD music, it will be over soon. High Speed internet will let us download everything easy. DVDand Blue Ray production is so not effective anymore. Leave it to the collectors or fans.
4. Tradable watchable movies. The mainstream client like to rent movies. So if we can pay,download, watch it, done, why don't we can sell it back or trade in with other movies? The trade in moviescan be sold cheaper and cheaper and can reach more people. Internet cannot be fight with rules, embrace and follow it.
With some idea Holywood industry can grow with the internet.No need of neckbreaking rules to prevent it because Internet industry now is bigger than Holywood itself.
The Hollywood Movies Business is very uncreative to sell their product. Why not using strategy like itunes who make mp3 piracy madness to a whole newworld. Broadband streaming is so common right now and downloading movies is so easy to do.
Here is my thought to make movies download business to the next level, though I know some of my idea already implemented.
1. Diversified product and price. Selling downloadable movies with different price. Low Res, High Res, HD.
2. Make the buyer proud. You can see why iTunes so success? Because the fans make it success. They are proud if their favorite songs become the most downloadable song on iTune.
3. Forget about DVD or BlueRay. Like era of CD music, it will be over soon. High Speed internet will let us download everything easy. DVDand Blue Ray production is so not effective anymore. Leave it to the collectors or fans.
4. Tradable watchable movies. The mainstream client like to rent movies. So if we can pay,download, watch it, done, why don't we can sell it back or trade in with other movies? The trade in moviescan be sold cheaper and cheaper and can reach more people. Internet cannot be fight with rules, embrace and follow it.
With some idea Holywood industry can grow with the internet.No need of neckbreaking rules to prevent it because Internet industry now is bigger than Holywood itself.
Thursday, January 19, 2012
2012 So Far
As usual, shocking data release will give me money. Also for today's NZD CPI and AUD Unemployment. And I proudly announce if there is no failure system that caused my account evaporate like MBTrading, another consequtive green month for the 9th in a row.
Today's trade is the biggest profit for the month so far: $6000++ and include the commission is almost $10000++ :)
Beside, my arbitrage trading system working very well yesterday due to error system at my broker. More than 60 trades in 5 minutes!!
Now it is time for the trader to win against the broker.
Today's trade is the biggest profit for the month so far: $6000++ and include the commission is almost $10000++ :)
Beside, my arbitrage trading system working very well yesterday due to error system at my broker. More than 60 trades in 5 minutes!!
Now it is time for the trader to win against the broker.
Saturday, December 31, 2011
Year Result 2011 Getting Ahead 2012
2011 is the best year of my trading journey so far. I profit far more than I loss for the last 3 years of trading. And there is none of my three years learning contribute the success.
Market change all the time. No trading technique that can be used forever and produce consistent result. Traders also common human, hard to change. They just stubbornly stick with their method or trading style. They felt like if they work hard enough it will come to fruition. Sadly market don't work that way.
Unlike other business trading the financial market took almost no effort to work. Only click buy and sell is not a work at all imo. So traders think if they work the market analysis they could do better. Well, if market don't change conditions so fast it may right. But the real dact is market change.
Most of people brain is destined to find a secure or comfort zone. Like if you find something that working, just do it over and over again till it is not working anymore. In business it can be done but in trading, it may cost you a fortune before you realized it.
In most of business when you work properly you wouldn't lost so much money. In trading business even if you work on its best you may still losing money. No other business require patience than become a trader in financial market.
So what is the secret of my success? Maybe it is luck, or just coincidence, or other? My answer is persistent at the right path. I also have confidence in my method that it can be done for long term. The logic is because now I never fight against the market. I fight the broker. And choosing your opponent may decide between life and death. Market is a big gigantic entity who move based on transaction,bid ask, everything. They settle and become the market. While broker is like a casion who gambling the price feed of the market. They are not directly participate the market but using the market as a model for their business. They create their own market but with world price market.
It is obvious fighting the smaller enemy will be much easier and so it seem. Most of traders looked like a John Wayne Cowboy fighting the real market with a bunch of ancient tools will never win in the long term. But me, picked the virtual market as my opponent and I study not the price or technical stuff or news, I studied the behaviour of my enemy and looked for a weakness which is never be existed at real market.
It is that time when I become a succesfull news trader and later...maybe an arbitrage trader :)
So my advice is " If you find something that make money even you don't like how it works, just do it. This is a business, not a hobby."
Wish you a better year of 2012 :)
Market change all the time. No trading technique that can be used forever and produce consistent result. Traders also common human, hard to change. They just stubbornly stick with their method or trading style. They felt like if they work hard enough it will come to fruition. Sadly market don't work that way.
Unlike other business trading the financial market took almost no effort to work. Only click buy and sell is not a work at all imo. So traders think if they work the market analysis they could do better. Well, if market don't change conditions so fast it may right. But the real dact is market change.
Most of people brain is destined to find a secure or comfort zone. Like if you find something that working, just do it over and over again till it is not working anymore. In business it can be done but in trading, it may cost you a fortune before you realized it.
In most of business when you work properly you wouldn't lost so much money. In trading business even if you work on its best you may still losing money. No other business require patience than become a trader in financial market.
So what is the secret of my success? Maybe it is luck, or just coincidence, or other? My answer is persistent at the right path. I also have confidence in my method that it can be done for long term. The logic is because now I never fight against the market. I fight the broker. And choosing your opponent may decide between life and death. Market is a big gigantic entity who move based on transaction,bid ask, everything. They settle and become the market. While broker is like a casion who gambling the price feed of the market. They are not directly participate the market but using the market as a model for their business. They create their own market but with world price market.
It is obvious fighting the smaller enemy will be much easier and so it seem. Most of traders looked like a John Wayne Cowboy fighting the real market with a bunch of ancient tools will never win in the long term. But me, picked the virtual market as my opponent and I study not the price or technical stuff or news, I studied the behaviour of my enemy and looked for a weakness which is never be existed at real market.
It is that time when I become a succesfull news trader and later...maybe an arbitrage trader :)
So my advice is " If you find something that make money even you don't like how it works, just do it. This is a business, not a hobby."
Wish you a better year of 2012 :)
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