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Full Time Trader
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cathylmg
Elite |
05-Apr-2011 13:14
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Good point there. You always have something for us to learn.....
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alexchia01
Elite |
05-Apr-2011 12:50
Yells: "Catch The Stars And Ride With Them" |
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I agree with you. What I meant by " changing bad luck to good luck" is when a trader goes into a position and if the market turn against him, he should be able to switch his position so as to minimize his loses and capitalized on the market changes to make a profit. If the bad luck is personal i.e., he is emotionally effected by something and cannot see clearly. Whatever he trades he losses money and he don't know the reason why he is losing money, then he has to stop trading, take a step back and re-group himself first.
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warrenbegger
Elite |
05-Apr-2011 12:47
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Part 2 for u: Casino will win in long run because of their house edge %(51%+ to 75%+) and we cannot perform any skill that can help us win over casino even 0.5%. Stock market edge is zero sum game but with broker fees that we had to pay for every trade. But with years of knoweldge and experience we will win more and lose less in long run. Eg,  u bet a 100 horse race and u bet on 1 or 2 good strong fundamental  horse that u think will win out somedays. And the best part is u can bet and hold till your horse turn champion or runner up somedays without paying bet every round. Ya, in stock market our best odds % is holding, that why warren buffett become world no1 investor. Day trader give up their holding power a lot by hit and run(and with short term market is unpredictable while long term is much predictable) With every trade need to pay broker fees and everytime when they earn a bit and out make them bang wall if px keep going up. Or worse, when they buy  and px drop, they cut lose and bang wall again if px U-turn up laughing at them.  Be a investor can had more advantage and more profit in long run(100%+) but it can be very boring. A trader best part is everyday  had different sexy girl to play and very exciting, but u cant  earn that much compare to investor style, or worse  trading fees more than what u earn in the end. Different player different view/thinking/strategy that make up of world  stock market psychology, is either u eat others or others rape u. But there is another new kind of investor/player that had best of both world,  i wont said so much liao. The best advise i can give u is dont touch the market first, go study/read/research more and dont take up the what call $2000 to $5000 course that up on newspaper everday, u think less than 1 week can make u a super profitable trader to financial freedom? Dont be stupid dumb dumb, then we all skill player can all eat sai liao. If u got patience, go study well first( many investor book cheaply at bookstore and library). If u got discipline, dont touch market first after u had study well and know what to do(skill with foresight). If u dont had the 2 basic, i think u go casino better, and maybe 1 day u will top the newspaper notice bankrupt list(just joking :) Without skill u r wasting your bullet shooting at nothing, with skill u will shoot at what u want, what u like, and what u see...
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louis001
Master |
05-Apr-2011 12:35
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Quote " An experience trader can change bad luck into good luck." ....hello, a bad luck is still a bad luck, cannot change...when one has a series of bad luck, one has to pause/stop to observe and rethink, than hopefully, good luck will come, there is this thing call time lapse, let the time or market  change it, not the trader, if this is what you meant. whether it is 50/50 or 70/30 or 60/40, everyone is different, no two persons are the same. |
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alexchia01
Elite |
05-Apr-2011 12:24
Yells: "Catch The Stars And Ride With Them" |
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To me it's 70/30... 70% experience and 30% skills. An experience trader can change bad luck into good luck.
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des_khor
Supreme |
05-Apr-2011 11:40
Yells: "Tell me who is the God or MFT from this forum??" |
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I am still believe in 50/50 rule.... 50% luck and 50% skill.
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alexchia01
Elite |
05-Apr-2011 11:38
Yells: "Catch The Stars And Ride With Them" |
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It's possible, but not easy. It's not something that can be learned by going to school or read books. It's like riding a bicycle. You can get someone to teach you or you can read books, but ultimately, you still have get on the bicycle, fall many times, bleed (hopefully not fall or bleed to death) before you get a hang of it. But once you know it, you can ride for the rest of your life.
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rotijai
Supreme |
05-Apr-2011 11:38
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normally when u mau.. high chance tat u will get maued :P |
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hotokee
Veteran |
05-Apr-2011 11:30
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Not to scare you.   But many remisiers I know personally never had a good life. Always look depressed and broke.   Honest. None really like P.Lim, or can achieve the status of P. Lim because they have different stories in their lives.
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des_khor
Supreme |
05-Apr-2011 11:19
Yells: "Tell me who is the God or MFT from this forum??" |
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Agreed !! hair also drop !! so stress !!
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louis001
Master |
05-Apr-2011 11:14
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so if one's living expenses about $2500 per month,  and he can generate that equal or more monthly average income, than he is sucessful, and if one's living expenses about $6000 per month, and  he can only generate monthly average income of $5000, than  he is a failure, isn't it ? bear in mind that  average  to  mean  there are some high income months and some low or no income  months. trading for a living as full time trader is one of the toughest  in the world....no  company welfare benefits, no year-end bonus and dinner and dance....it's not for anyone or everyone. talk to those who conduct so called trading and investment  preview  seminars for public  to find out more for yourself...maybe these people can claim they are successful in the trading and can share their success  advice  ??
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rickyw
Master |
05-Apr-2011 11:00
Yells: "keep happy..." |
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I prefer marry rich, got pretty and sexy wife plus rich...wew...day dream 
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hotokee
Veteran |
05-Apr-2011 10:20
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Born rich, yes but try not to die poor for it becomes a waste. Hehehe.
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Salute
Master |
05-Apr-2011 10:18
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I prefer the born rich. look at the daughter and son of royal sporting house, they open a big candies store at their 20 something y-o. and many others. Born rich can have well balanced cooked food thus good complexion......and.....and...  
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hotokee
Veteran |
05-Apr-2011 10:16
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Superlative. More transparent.   Too transparent..Hehehe.
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rickyw
Master |
05-Apr-2011 10:12
Yells: "keep happy..." |
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what u meant  transparent? is sg market not transparent enough? hahaha
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artng25
Senior |
05-Apr-2011 10:09
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3 old fashion ways of getting filthy  rich quick,
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hotokee
Veteran |
05-Apr-2011 10:09
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I forgot to say that yes you can be rich and make as much money possible if you are under the 3 categories of people I mentioned earlier. | ||||
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hotokee
Veteran |
05-Apr-2011 10:03
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If this is possible, then many people also want it and retire early. I wish to add that even though the danger of investment in stocks lurks, if one's hand is itchy and he has some spare money, then putting a small amount in good stocks as a long term investment, it should be ok, but it would not make him rich, unless you are very lucky and hit the right patch..   To be rich, one has to depend on hard work and savings and not the Sg stock market.   Maybe in other more transparent markets, I don't know if there are such markets., as I have not explore that. 
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Valtron
Member |
05-Apr-2011 09:57
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Seem like this topic is getting alot of replies which bring in alot of opinions from everyone and is very good to hear that. I'm thinking of whether is there anyone who actually do trading and not investing successfully as a living. I'm not asking for much, maybe one month achieve $2.5k to $4k? If it is too difficult as sometimes the market is up sometimes it is down, then how about $30k annually? I am curious does anyone who had actually did it. I had friend who is trading fulltime but I am not sure how successful is him as he does not share his secret of trading, that's why I post this question to everybody. | ||||
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