Category: Trading Journey

My trading journey at the initial stage was a tough and lonely one. Fortunately , attending seminars allowed me to meet some new trader friends. Some were beginners just like me , and some already had some trading experience. When learning to trade , I must say that it is important to be able to spot some friends who have the “same frequencies”. In other words , my preference is to have someone who has about the same level of trading experience like me. Idea is to ensure that his focus and trading objectives are close to mine.

It is important that this partner has limited trading experience so that his thinking and actions is not clouded by too much information. Being a great market analyst or an accomplished stock market technician is not necessarily the passport to successful trading. Some of the best market analysts are also the worst traders. Good market analyis and forcasting ability is not equal to good trading ability. Just like in NLP - there is a difference …

I chanced upon this interesting article by Brett N. Steenbarger regarding trading journals.

My belief is that trading is a system , it is a process , just like a manufacturing or factory system. The trading system consists of various components , each of which are interlinked and they are interdependent , just like a car assembly line. My past experience in factory operations tells me that in order for a system to run efficiently and effectively , we need a checklist or a audit system to ensure all compliances are met. Most businesses are adopting the ISO standards for auditing purposes. Because of the Enron scandal , more stringent system like SOX ( Sarbanes Oxley Compliance ) is been implemented in many businesses.

Likewise in trading , I see the need to have a “self check”. As we know trading is a lonely journey. We need to self impose this check. No one is going to audit what we did right or did wrong. Keeping or writing a …

One of the key issues I encountered during my trading journey is information overload , especially during the initial stage of learning. I always felt as tough there were too many opportunities and too many so-called trading gurus , peddling off how-to-make-money with online trading. I believe this is a common problem faced by many beginners too. There are just too many available vehicles to trade … stocks , options , forex , commodities futures ; within which different gurus offer different strategies that they claimed to be world best. I started with the wrong foot , jumping and skipping from learning one thing to another. Eventually I settled down to learn to trade only forex and SP-500 futures. Key reason is the leverage these two trading vehicles provide.

For those who are beginners , considering to learn trading , the advice is to focus on one and only one area. The more information we get the less inclined we will be to act because we will have too many alternatives and , …

This blog is about my trading journey -  the journey begins here …

I started learning trading in year 2000. I remember this year clearly for some reasons. It is not a long time , but it was a tough journey. For most people the journey starts with a Dream - a dream to become rich instantly. All the great advertisements in the media and websites and free previews by so-called trading gurus really make us think that trading is the way to go. My dream started with some calculations as to how much I could make from trading per day and by which year I could quit from my job and gain financial freedom. Guess what ? I am still an employee …

Nonetheless my journey continues , and I am still learning and fine-tuning my trading strategies. I have confident to be able to trade for a living in the near future. This blog gives an account of the various stages of my trading journey I have gone through all …