Please do not set yourself any target. When I first started trading futures, i always wanted to make LOTS of money in one trade. Sometimes i make it, sometimes the opposite happen. IF you rush and become greedy, you have yourself only to blame when your capital drops to 50%. Trust me, it's better to earn USD 50 then to lose USD 50 a day.
Don't set any goals, but trade your plan, and trade to win. NO matter how small the amount, you will still be successful if YOU NEVER LOSE more than 1% of your account.
Added on September 7, 2008, 9:16 pmQUOTE(jc_shino @ Sep 6 2008, 09:41 PM)
ya agree, but i had invest in KLCI stock year ago, the foreign investor tend to pull off $ when RM depreciate, volatility and liquidity low summore. the FA & TA become useless those time.
for fututres, after i open the acc, i realize the market are control by big player, the average volume = 1000/2 = 500 contract per day, plus 1 minimum bid is rm25, daily fluatuate lik 5-9 point and price always constant after morning open & afternoon open. the commission also killing me. sometime i wan to hold contract overnite, but the FA and TA seem not effective for Malaysia futures...sometime even dunno where to find the TA for futures
i totally agree wat adam said, the margin is a double edge sword, so now i still set my margin at 10 time, and hold 1 postion at a time.
OT: i watch the Victoria Secret ad, Adrian Lima is killing me..... stil virgin summore ,ouch..
For futures, i only bet big when i know there's a huge uncertainty cloud over the Composite Index. I never want to waste my margin on FKLI especially when forex has good opportunities 24/5. However, when i am confident i will make that extra RM 1000, i will use my margin. Typically, i just wait for CI to rally, and then i short. FKLI never rallies more than 50 points, and then i will check on RSI and STOCHS to make sure its all in overbought area. I short, and hold it for overnight or 2 days.
There's no need to rush; and the same strategy applies for EURO/STERLING. All you have to do is wait for Euro and Sterling to have a relief rally of 90-100 pips, and then you short. Look at the candlestick and stochs, rsi. Check for any divergence. This way is safer because euro/sterling primary trend is a downtrend. Overnight it will not reverse the trend.
This post has been edited by AdamG1981: Sep 7 2008, 09:16 PM 
Sep 6 2008, 12:45 AM
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