hv u guys heard about full-time trader full make money by doing trading in home ??

if yes what is their average monthly income?

when i say trading i dont mean long term trading like fundamental investing ,not day trading as well, i mean momemtum trading, "goreng", and other short term trading..

thank u in advance

for me, long term investment is more profitable.

full time trader (personal, not company) is quite hard i think.
firstly you would need capital to invest. thats why u need to work 1st
secondly, when the economy worsen or disasters happen and you dont get profit from your stocks, how to survive

correct me if i'm wrong

short term investment is notorious because it is very risky, and , u know wat, it is the high risk tat make short term investment more profitable.
in short : the higher risk it is, the more potential reward it is.

firstly, i like long term investment as well, but u need considerable amount of capital in order to hv descent profit , this is why i opt to short term investment.

2ndly, ppl always goreng in stocks, that is why u can also make money even during economy crisis, but of course, not that much of chance lah..

Full time trader can earn up to 10k a month with a capital of 15k, that is with contra and cash multiplication. Since they are trader, they usually settle their contract by the end of the trading day (even at loss) or hold until tomorrow if the prospect is good. I used to be a full time trader before, some months I make good money and some months I eat roti kosong - especially if market is going south. At the end, I measure my performance against putting money in long term investment and from what I can see, long term investment yields more money and it's less risky. I don't have to commit to look at trading screen for the whole day to day trade.

Anyway, some can survive and make a wealthy progress from trading day by day while some makes too with long term investment. It's just a matter of personal preferences.

totally agree

You need to pay the "tuition fee" in short term trading to appreciate the benefits of long term investment.

day trading is too extreme for me, i never consider of doing day trading. i fancy trading which its duration around 5-10 days.

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Added on May 2, 2011, 11:22 pm
paying "tuition fee" is what i try to avoid. i practice n examine my strategy in previous shares' data , refine my tactic and then only i jump into the market.

This post has been edited by gon3wooha: May 2 2011, 11:26 PM

Short term trader?

i think everyone who's new to the market will surely pay a fee for human emotions lol.

for me i divide the portfolio into a few long n some short term strats, active that time then quite often do short term trading, market hot hot that time then sometimes daytrade with the spare cash. market no good then switch back to cash n bunker.

i havent heard of a full time trader but from my experience, it's workable.. just need to diversify to other markets than KLSE just because KLSE isn't dynamic enough.

dont forget you need to pay your broker commission every time u buy or sell

not really worth it if u keep on buying and selling while the profit is just little

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Regards

This post has been edited by rosdi1: May 3 2011, 01:09 PM

I think you can be a full time trader and earn consistent income if you trade in multiple markets. Trading only in Bursa will not survive as we can only play long but not short. Being able to play long and short ensure you to be able to beat the market, else what you going to eat in recession year when all markets are down? But still you need to have substantial capital to play in different markets. So for a start, save money every months to build your capital before starting the journey.

Also I think education on stock market know how is also very important just like you need to get an engineering degree before you can do engineering work. You may argue those Ahmad, Ah Beng or Muthusamy got no education but still earn good money doing construction work but they have gone through the ropes for many years before they aree successful. So either you use the money for education or you use the trial and error (hard knock way - lose a lot of money in stock market) before you can be consistently profitable.

Good luck!

My 28 year old friend trades forex from home.....today, his own cash money in broker and trade daily near to USD 450K already....not to mention other assets he got.....

everbody has to endure failures and pains before reaping any success. OR even making tons of money.

People only share their success, but rarely mention the hardship that they went through.


NO gain without pain.

Quite true.

delete

This post has been edited by sharesa: May 3 2011, 10:54 AM

yes




ya, it is true ,especially for those who buy on the market ,not on the company. i learn this sentence fr Warren Buffet..

what do u mean by "dynamic"? volume not great enough?
my plan is to target those shares in 10 top active list. even though when the market is cool, still there r somebody goreng (i think this is why still there r stocks which r very active for week, if not weeks) . i plan to spot the trend,of course, short term one, and then ride the trend, and then .





ya, winning by too small capital, after minus broker fee , stem fee,.... can only earn u 1 or 2 roti canai



seems like u r, partly, short term trader as well.

even though i m a short term trader, i m largely influenced by Warren Buffet. i practice his rule: not lending money..


thank u. are u a short term trader as well?




it changes my view on FOREX as i thought it is not that profitable since it is not volatile. since when he started to play forex??

not to be tempted by just the figs or the "success" side of story. Being a full time trader takes a lot of works and perseverance. not to mention mental strength.

This post has been edited by fttrader: Jul 29 2012, 06:46 PM

If you have to ask, then your not ready !!!

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due to uninspiring comment on day / short term trading

This post has been edited by asambuffett: Jul 30 2012, 12:53 AM