Market Sense

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CK Choy.

Market Sense 市场意识: life of a trader - tradebandit
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in this are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
Unless otherwise specified, all charts' sources are from POEMS(Phillip Online Electronic Mart System)

Saturday, 9 March 2013

life of a trader - tradebandit

life of a trader - tradebandit

Ok guys, straight up when it comes to trading. It's difficult. Who ever says otherwise is already a millionaire or just trying to lure you into some "follow me and I'll make you rich" scheme.

The only truth that I can tell you from my own experience is that if you want to become successful then don't think that only by signing up to some online trading room or having some software, or just blindly following someone's calls will automatically make you consistent. Sure you may have a winning streak, but hey guess what, sooner or later you will have an even bigger losing streak unless you develop your own proper structure and discipline. Sure all these things (trade-room, mentors..) do help and greatly speed up your learning curve, absolutely, and it can give you an edge, but any edge is useless unless you understand how to use it correctly.

Trading is a reflection of who you are, and the only person who can make you into a successful trader is YOU and you alone. Sure you can have mentors, and someone to lead you and show you the right path, and be a part of a really profitable online trade room, but in the end unless you can trade successfully on your own without someone else's signals all the time, you will sooner or later fail. I can say this now because I had to learn the hard way until I became successful. Trial and error, over and over and over again, making same mistakes, losing more and more money, until one day it finally all just clicked. That day had to come on its own, and it had to come from within. I had it all, professional mentors, I was, and still am a part of a very very profitable online trade room where the moderators are really amazing traders, great people and helpful mentors.

Today, trading is a profitable career for me, and I'm making a very descent living from trading, but it took a lot of hard work, patience, ambition, and time to get to this stage. So my point is: if you find the right edge and the right mentors and the right place to be, in order to become independent and successful, you must understand that it is a learning process and requires a lot of energy and hard work on your part to get there. It is absolutely possible, but it is not easy until you learn some things on your own skin.

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