Million Dollar Indices Trading (Options and Futures)

Crazy volatility after yesterday breaking on sadly Jo Cox murdered. Closed my oil position with some consider good profit yesterday and so far so good for the week. Will be flying to Malaysia on Monday, so probably will not update position on Monday. Staying there for a week and will be coming back Shanghai on Saturday. Enjoy and happy weekend.

Welcome to Malaysia.

Thanks and in Malaysia now.

Latest update on my today position. Just reach Malaysia yesterday night after almost 5 hours delayed on my flight so unable to update my position. Grab some profit yesterday after a big charge for 350 points yesterday. So you can see not much position left as Brexit Referendum soon. No point to start a war with those speculators now and it is better to sit on the sideline and watch the war just as watching EURO 2016 while eating popcorn.

Ok, this is my today position. As I said yesterday, no changes on position as I am preparing for Brexit and staying sideline. In fact in trading point of view, I hope a "Leave" will win as I see more opportunities of grabbing money. If "Remain" win as what I expected, nothing much change will change.

Ok, since nothing interesting to share on my position, let me share my happy statement update today. So far on this account, my profit hit USD 100k for the 1st time after all those hard work. So I think I should share my joy for those who did follow my journal.

Thanks for sharing

Thanks for following as well. Hopefully I can share larger account later if allow. But I expect this account will be adding more capital and more market by end of 2016, estimate USD 5 million or at least USD 3 million maybe. I might share a new account as well soon, still preparing on that. So everyone can know more how is actually my trading condition and growth.

1 hour from now opening counter for voting "Brexit". Still, nothing change on my today position. Getting ready everything no matter what the outcome tomorrow.

do you close your position to give way for the brexit?
if not, what is your plan if market go the other direction of your plan?

Just going to update my position today. Actually if you review in depth, I have already mitigate all the risk and therefore, I will just remain on the market even though a lot of unpredictable on Brexit. In fact, UK vote do give me some advantage on my trading point of view.

Frankly speaks, I already predict that UK vote "Leave" will win but I just doesn't want to believe this scenario would happen. Otherwise, I will just reverse my whole mindset to control my upside risk and downside unlimited profit, I will be at least a profit of 200k in this account. I did still grab some profit on OIL trading, just a tiny careless calculation on indices that suppose to grab big money.

Ok, this is my today update position after Brexit Vote. I believe it is just a first shot for UK and EU. But in fact on my research, Britain exit will not even near results as what those "Leave" campaign mislead those voter. Instead of what they mentioned the collapse of EU, I prefer to believe the fact that more likely the collapse of United Kingdom. The truth is, other EU countries are not likely to exit or any referendum, but the Scottish "highly likely" to held an independence vote, and Northern Ireland maybe back to Republic of Ireland. This means UK became smaller with only Wales and England. If you ask me what is my opinion on Pound or FTSE, I will give you only one answer, there are more downside to go with nowhere bottom.

So here my latest position update on European Indices and OIL trading for the week. As everyone notice that margin requirement start reducing which means probably market start to stabilize even though there are still a lot of uncertainties from UK leave. But I believe EU Indices start to stabilize, but UK not likely as they yet to know what to do after voting "Leave".

ChinaTraderz,
can i ask, you are a fund manager right?

Yup. I am also an arbitrager and strategist for European and American markets here in China. Therefore, I have to develop new strategy constantly for this two markets and implement it.

This is my today held position. Nothing much changes as market pretending to stabilize after Brexit vote. Do have some profit on yesterday trading and I believe choppy rodeo bull riding for a couple of weeks maybe.

ChinaTraderz, can i ask for a favor?
can you introduce yourself about your work before and now?
which company/bank your work for, and as what position you are in the company.
and what is the job/work about, example as an analyst or market maker etc.

i ask this because there is no way for me to know a fund manager, i would like to know how they do their work.
hope you don't mind.

I don't know why you will ask those question, but I believe it is not useful for you though if you are trying to become fund manager. I believe what you say is true, it is difficult to know one just same when I am yet to be one and dream to know one. In fact, it is still useless even to know one. Maybe because of privacy or they don't want to let other people know how much they earn. But I can share you my experience if you really intend to become one and why it is useless to know a fund manager now.

1) Even if you know a fund manager, actually they doesn't help you anything. Don't ever think they could teach you, it is useless. You have to depend yourself all the way to become a fund manager.

2) There are no shortcut neither in trading nor becoming a fund manager. You need a long long way to build your account, profitable strategies, reputation etc. Those so call holy grail that sell online for couple hundred bucks are all scam. You know how much money on average per day I am earning now on profitable strategy? Even you offer me a million, I wouldn't sell it. Another thing is, even I teach you also pointless. Every trader have their own behavior or pattern or whatsoever to describe, it is unique for his own trading. Therefore, you have to build yourself one if you want to become fund manager.

3) I am wondering have you heard about Sun Tzu. There are several quotes are very useful for instance " The opportunity to secure ourselves against defeat lies on our own hand, but the opportunity of defeating the enemy is provided by the enemy himself", "Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat", "If you know the enemy and know yourself you need not fear the results of a hundred battles", "You have to believe in yourself".

4) If you read all those quotes, all mentioning on each quotes is about yourself. Prepare yourself, gain your knowledge, trade with your own money no matter small or big and try to profit, then only proceed to next step. If you can't even manage your own money, which firm gonna let you manage their money? You want shortcut and hoping for a firm to hire you, teach you become a trader, give you fund to trade, day dreaming. They only hire those who are already profitable.

5) No matter what strategy you use, by the end it is maths to decide whether you are profit or loss, not those trend line or support lines. Improve your maths, improve all about trading psychological. (Van Tharp, Andrew Menaker, Rande Howell) All this people are expert in trading psychological. Don't waste time on those who teach you in technical, you just need basic when you are professional.

6) Once you have prepare yourself, then only by that time maybe you need to know some fund manager. Believe me, I spend 7 years to know all this thing. This is the most effective way and once you are profitable, funds will knock your door automatically. Why? Human born nature to be greedy and you help those who are lazy but rich or those without your knowledge to manage fund.

Good point.

Thanks ChinaTraderz.

China ....... (Aussie slang for good bloke ..."me old china " )