Thursday, September 18, 2014

Forex Trading Day 11


A little like back to the good old days on the floor where we made money almost everyday. A fellow trader once reviewed to me his track record that he had not a single losing day in more than a year. And I told him I had not a single losing month in 19 years as a floor trader.  Those were the days.

8 comments:

Singapore Man of Leisure said...

Fat,

19 years without a losing month!?

Technology is indeed a double-edged sword...

Outside of the markets, I've seen quite a few of my contemporaries struggle or having angst on the future as technology changes quite a lot how we used to work...

Unknown said...

I started trading futures full time from mid 2004 with a S$200K capital. I made money 4 out of the last 10 years. I have 59 days where I lost more than S$10K and all these big daily losses add up to S$2,570,000.

Last year I had no big losses. I stop trading. I am glad I did.

This year I started trading again, with S$100K capital. Most days small losses except for 2 exceptional days where I lost a total of S$70K.

I wonder whether those good old days where we can make money most days will ever return to the futures market. If it returns, I hope I will be around to participate.

Jac

Fat88Trader said...

Those good old days are gone forever for the small time futures traders. That's why I am hanging up my jacket, it's not worth my time.

Fat88Trader said...

And yes, I am proud of that 19 years record.

coconut said...

if its not for the fun of trading, i would probably stop also.

with the liquidity and volatility drop to new low, i wonder is it still worth picking peanuts instead of durain where we use to.

the volume now drop as much as 70% in the stock market, not too sure about futures but i guess is the same.

coconut said...

fat at least you have a jacket to hang.

i'll have to hang my....

shorts and underwear!

coconut said...

don't look so nice haha..

Fat88Trader said...

Jac, that's not the way to trade, I feel painful for you. Losing 70% of your capital in 2 days shows clearly that you are a very emotional trader. There is no more thrill in trading when every trade executed is a gamble that have all the odds stake against you.

The risk is not worth taking, do something else.