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  1. W

    Full-time trader

    As you say, one's trading formula may not work anymroe in one day. But does it happen suddenly on one day, or are there some signs about that before your formula become useless (eg the risk/reward ratio becomes worse and worse)? Based on your experience, how often will it happen (roughly)...
  2. W

    Full-time trader

    Hey, do you trade full-time or part-time? If part-time, what do you do? I don't need to be very successful or get rich quick, as long as it can sufficiently fund my living, it is success to me. The main reason I would like to be a full-time trader is personal freedom and more free time to...
  3. W

    Full-time trader

    1) I read many books. But surely I couldn't be able to read EVERY book about investment. 2) Not yet, not to say read ALL posts! 3) Did. Already traded in market with real money.
  4. W

    Full-time trader

    What Mark Douglas' books shoud I read? If you ask me, I like to trade futures due to its leverage effect and high returns. I think I can get more from futures than from stocks. I know anything is possible, but it's not the main point. If you read my prevous messages, I did say I had...
  5. W

    Full-time trader

    Can you give an exmaple to illustrate your point? I couldn't get it very well. Yes, you are right. So we should plot an emotion level in the chart. 0 = pessimistic; 50 = neutral; 100 = optimistic. If the emotion level is within the safety area of 40-60, we can buy/sell position. If it...
  6. W

    Advice on data provider - historical & real-time

    Can you comment on these 2 providers? Are they good? Good customer service? Accept foreign customers? Reliable? Stable? etc. Thank you! :D
  7. W

    Full-time trader

    Sad to hear that. But why did you encounter such a big loss? Did you forget to put stop-loss, or is it just because you placed too much bets (so ten something point still make you lose a lot)? To me, I am eager to be a full-time trader. Imagine if I can manage to trade at home succesfully...
  8. W

    Newbie Q: Retail firm vs Pro firm vs Prop firm

    So it seems to me it is like a "bank" which will lend you money and trade. How do the firm and the person share profits/losses? Who can invest/work in a prop firm?
  9. W

    Full-time trader

    I did learn before trade. I have experiences in both stock and futures. I'm more confident in trading stocks (winning percentage is high, say 90%) than in futures. But it seems "futures" is more attractive, not really risky (if you know risk/money control), high returns. I'm still working...
  10. W

    Tradiny system & automated trade

    Tradiny system & automated trade Hi. I'm very new to tradiny system and automated trade. I would like to do so. 1) Sites Does anyone know if there's any site which discuss about them? I would like if they could teach me some concise step-by-step how to make it work, from finding brokers...
  11. W

    Advice on data provider - historical & real-time

    Hi. I live in Hong Kong. :) I need data to test my stratey and do analysis. I need to get both EOD & Intraday data all over the world, including index, index futures/options; currency, forex futures/options; commodities futures/options, stock & stock futures/options. For index, I mostly...
  12. W

    Full-time trader

    Hi. What do you think about being a ful-time trader? As an individual, Is it wise to do so? If I wish to be a full-time trader, which is better - individual trader only or join firm or get a broker qualification? After all, are you a ful-time or part-time trader? And why do you wish to...
  13. W

    Newbie Q: Retail firm vs Pro firm vs Prop firm

    Hi. I am a foreigner from HK. Maybe it is a stupid question. I have never heard about retail/pro/prop firms, and also similar terms like "prop trading", "retail account"... Very confused! :confused: What are they? What're the difference? Is "prop" short form? If so, what's its full...
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