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My Trading Life

  • #281
  • Nov 12, 2015 2:50am Nov 12, 2015 2:50am
Quoting MarkChew
While waiting for EURUSD / NZDUSD to come in to play ...... I thought I might want to take a short break and kill the stress...... Always good to know there is a 5 star hotel near your work place............... #suana #steambath #rainshowersmakemehappy #ifonlythemonehfallsdownlikethewaterfromtherainshowers #5star_tradingplan {image} {image} {image} {image}
Time off the charts!!! Always good!
  • #282
  • Nov 12, 2015 2:59am Nov 12, 2015 2:59am
Quoting MarkChew
While waiting for EURUSD / NZDUSD to come in to play ...... I thought I might want to take a short break and kill the stress...... Always good to know there is a 5 star hotel near your work place............... #suana #steambath #rainshowersmakemehappy #ifonlythemonehfallsdownlikethewaterfromtherainshowers #5star_tradingplan {image} {image} {image} {image}
nice hotel but why sould you trade in a hotel
patience is a virtue
  • #283
  • Nov 12, 2015 3:19am Nov 12, 2015 3:19am
Quoting blueseahorse
{quote} nice hotel but why sould you trade in a hotel

I don't trade in the hotel ..... The hotel is just beside my office.............. So I thought I go there a while to chill.......
  • #284
  • Nov 16, 2015 2:09am Nov 16, 2015 2:09am
300% with 50:1 leverage in one day ?????

I suspect some one is cheating in the competition.

Front side 6k and backside 9k of my account also doesn't tally....................
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  • #285
  • Nov 16, 2015 2:19am Nov 16, 2015 2:19am
May the best money-making athelete win
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  • #286
  • Nov 16, 2015 2:57am Nov 16, 2015 2:57am
Quoting MarkChew
May the best money-making athelete win {image}
The only question is.. Who is on the better drugs>?
Time hides Nothing
  • #287
  • Nov 16, 2015 6:50am Nov 16, 2015 6:50am
Man........ Now the dashboard function is gone too ?

Seriously .....was the company even prepared to launch the competition ?

And with people appearing to make 1 million with 50:1 leverage on first day of the competition?

Platform seems bogus...
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  • #288
  • Nov 16, 2015 9:01pm Nov 16, 2015 9:01pm
Ok man the competition is starting to become a joke...........

Upgrading the platform in the midst of the competition???

They should have gotten their act together before the competition.....Esp when you are suppose to be one of the more branded companies....... with more resources............

Sheesh .... I think I am better off focusing on my real trading........
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  • #289
  • Nov 17, 2015 4:02pm Nov 17, 2015 4:02pm
Nice to know that someone successfully trading for living consistently. Thanks for being an example. Keep it up!
  • #290
  • Edited 8:04pm Nov 17, 2015 7:53pm | Edited 8:04pm
Quoting phongvu12
Nice to know that someone successfully trading for living consistently. Thanks for being an example. Keep it up!
Hi phongvu12 , thank you for your kind words. I just try my best........... Conditions are harsh in Hong Kong especially when I am a foreigner with no social welfare to fall back on , if I didnt' invest my time in learning forex ........ I would have ended up as a McRefugee.

I thank God for his day by day provision.
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  • #291
  • Nov 17, 2015 8:10pm Nov 17, 2015 8:10pm
hmm... hongkong, capital gain tax free city, wish i would move there someday.
just curious, are you a native or not ? any condition for foreiners to move in ?
patience is a virtue
  • #292
  • Edited 8:41pm Nov 17, 2015 8:14pm | Edited 8:41pm
Quoting blueseahorse
hmm... hongkong, capital gain tax free city, wish i would move there someday. just curious, are you a native or not ? any condition for foreiners to move in ?

I am not native blueseashorse. I am from Singapore , married a Hong Kong wife. Well I think there shouldn't be any problem for you as you are a professional engineer from your profile...........


All you have to do is the ability to pay the rent.... In my ex-company I knew of China guys with a salary around 10k to 12k hkd and paying 6k rent in Hung Hom......

You can try this : http://www.immd.gov.hk/eng/services/...on_scheme.html

or this: http://www.immd.gov.hk/eng/services/visas/overseas-chinese-entry-arrangement.html


Also from what I understand, Hong Kong government has be pretty supportive of its reunion with China



Its also because I am not native .... Lousy spoken and listening cantonese ..... Either I find a job in an international firm or a higher managerial post like my previous Hong Kong firm .... If not its quite impossible for me to survive........ Hence..... thankfully 10 years ago in my exchange program in HKU , I had foresight to to pick up trading................. If not I would have been financially crucified in this country...........

By the way, from the stats I gathered from my Grad friends..... they are still around 20k to 40k hkd salary after working 5-7 years...... So if you don't have anything specialized or if you are not smart in climbing ladders/bootlick/sleepwiththeboss .... hard to get higher salary.....

Reality is harsh........
  • #293
  • Nov 17, 2015 8:26pm Nov 17, 2015 8:26pm
Quoting MarkChew
{quote} I am not native blueseashorse. I am from Singapore , married a Hong Kong wife. Well I think there shouldn't be any problem for you as you are a professional engineer from your profile........... All you have to do is the ability to pay the rent.... In my ex-company I knew of China guys with a salary around 10k to 12k hkd and paying 6k rent in Hung Hom...... You can try this : http://www.immd.gov.hk/eng/services/...on_scheme.html or this:...
thanks man.
i have heard renting and food are quite expensive there.
maybe get a high salary job would be easier.
but full time trading.. you must be quite a good professional trader to get a comfortable living in hongkong
patience is a virtue
  • #294
  • Nov 17, 2015 8:44pm Nov 17, 2015 8:44pm
Quoting blueseahorse
{quote} thanks man. i have heard renting and food are quite expensive there. maybe get a high salary job would be easier. but full time trading.. you must be quite a good professional trader to get a comfortable living in hongkong
Ha ..... Like I said I try my best and let God do the rest................... Honestly , I am not a fantastic trader....... but I learnt quite abit in managing self employed people.............. You need to manage your cashflow properly and manage it like a business.......... not as an employee........which revenue is not = to salary
  • #295
  • Nov 17, 2015 10:15pm Nov 17, 2015 10:15pm
MarkChew, good luck in ur trading.
  • #296
  • Nov 18, 2015 6:12am Nov 18, 2015 6:12am
Quoting warbee
MarkChew, good luck in ur trading.

Thanks, you too
  • #297
  • Nov 18, 2015 9:17am Nov 18, 2015 9:17am
Hey Mark,

If you feel comfortable, could you share what your average return on your trading for the last 8 years? I'm developing my trading plan and want to have some benchmark to go about.

If you're not feeling like sharing those info, no worry!

Thanks
  • #298
  • Edited 8:40pm Nov 18, 2015 8:19pm | Edited 8:40pm
Quoting phongvu12
Hey Mark, If you feel comfortable, could you share what your average return on your trading for the last 8 years? I'm developing my trading plan and want to have some benchmark to go about. If you're not feeling like sharing those info, no worry! Thanks

Hi Phongvu,



Typically , I was finding my 'grail' for the first 4-5 years , 5th-7th made 240% ~~ odd , 8th - 9th year repeated the same process but this time in a shorter time frame (like 6th to 8 months ) before leaving my previous company. Thats all I have to say about what has happen so far. If you are wondering why there is no average return , I can roughly calculate the sum of my entire revenue plus I 'lost/invested' almost equals to net zero since the beginning.

I think from a personal point of view , you might want to bench-mark your personal results against the market structure (trend - retracement opportunities / or range opportunities (I am sure most traders here don't earn by being a market-maker) ) rather than against someone's else performance. This is because every one has a different level of risk / psychological make-up and even style of play as I observed some forumers are basket traders whacking 5 to 10 pairs at one go.... and some making 600% plus in one month and giving back all to market at the end ....

On the ('disheartening nett zero' after so many years), then what makes me so sure about things...... ? The market has a predictable structure after a while. There is a retracement to be found in every trend......... and even if its not .... then ........ move on to another pair. I am in the 'cashflow' biz , growth is just a bonus. If it comes , thanks to God. If it doesn't , then I will just continue my own 'salary'. And in a worst case scenario of another "SNB catastrophe" , find a job and start again. Trading is nothing more but a revenue generating function in my life , not all my life.

Even in a real business or startup , the only reason why your company grew 10000% was some one injecting funds or even your products went viral , I am pretty sure you will be normalized by competition.
  • #299
  • Nov 18, 2015 8:54pm Nov 18, 2015 8:54pm
Oanda's Top Trader dashboard still down ..... wonder if my demo profits are even legit now............

#sigh
#gaveup
#competitiondisaster
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  • #300
  • Edited 10:00pm Nov 25, 2015 7:18pm | Edited 10:00pm
#whykoreanfriedchickenisbetterthanKFC
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#intheheartofseoul
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#workingonaholiday
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#eatyourkimchi-ginsengchickensoupisbest
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#freezingat1degrees
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#nokoreantripiscompletewithoutvisitingtheBBQshop
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