Coach/Mentor in trading journey....

1. Today I met Michael & Vivian, they are my trading coach & person who guide me to be trend trader (there's one more guy actually, Jeffrey Yong).

2. Michael is a pioneer & most experienced from them all.

3. From them, I unlearn & learn everything on trading.

4. From them, I start my journey as trend trader.

5. I learn on phychology of trading,principle of "TREND FOLLOWING", trading system, entry and exit, what to trade, money management and etc.

6. From them I meet many other trend following traders too.

7. They are coach who trade their own money, they walk the talk..

8. Having coach/ mentor in trading is very important in your trading journey.

9. And finding the right and genuine coach is tough, and many traders lost their whole capital before they find them.

10. In the future posting I will share the criteria of genuine coach & fake coach.

Full time trader...

1. Every trader have dream of being a full time trader, where he/she does not have to do other things except trading.

2. I would like to put term full time trader as similar as reaching financial freedom, where you need to determine your lifestyle & minimal monthly cash required.

3. Let say you need $3,000 per month, it means you need total $36,000 per annum.

4. Since with "TREND FOLLOWING" trading you can expect between 50 - 150 % returns per annum ( However, always remember, market sometimes can give less and sometimes it can give more too)

5. You need at least $100,000 then on the next year your capital will grow to $150,000. Where you gain $50,000 from original amount of capital.

6. From $50,000 use only $36,000 and balance of $14,000 to be added back into trading capital.

7. With this approach, you are using your money for a living from last year gain to be used for the current year. While At the same time increasing your trading capital so that you can increase your trading size.

8. There's no such as daily or monthly withdrawal. I will share later why mentality of daily/monthly withdrawal is for losers.

9. "TREND FOLLOWING" trading is about focusing on current action & taste the fruit on the next year.

I trade in portfolio of currency pairs...

1. Trading is one of the most emotional game, it's torturing & painful to those who  trade wrongly.

2. What is one of the important element in trading?

3. One of them is, "TRADE IN PORTFOLIO" or trade more than one stock/currency pair in your portfolio.

4. I use to to trade only 1 commodities at one time, and the emotional stress is so great due to waiting, focusing, hoping for this single instrument.

5. As a result I exit prematurely & definitely with no monetary gain.

6. Not only that, the risk is also great when you trade on single instrument. Your risk is not well spread.

7. Now with "Trend Following", I trade 20 pairs of currency. I have peace of mind in trading, I am rewarded financially too.

Trend trading is a game of waiting...

1. Trend trading is a game of waiting, and only those who wait will emerge as a winner.

2. Waiting for what?

3. Definitely waiting for the odds to be in our favor

4. When are odds in our favor?

5. Odds are in our when equities curve is in the drawdown between 40 to 60 %.

6.So what should we do when odds are not in our favor?

7.The answer is WAIT!!!

Expectation on trading....

1.Everything we do, will always come with expectation & same goes with trading.

2.I used to have ridiculous expectation on trading especially when first introduced on "Day Trading"

3.Until I am adapting "Trend Following", I realized that Preservation of Capital is more important than return.

4.There should be no expectation at all in trading since it will create stress & emotional torture.

5.Always remember Market Adversity that it will always want to hurt any trader financially & emotionally.

6.Always remember that if market give you 20% then it is much much better compared to any return offered by fixed deposit, mutual fund, etc

7.However historically "Trend Following" trader usually get the return between 50 - 150 % return per year.

8. Some says 50% return per year is tiny, however we must look from different perspective.
    Eg.$10,000 capital with 50 % return will give you $1,297,463 in 12 years time.

9.If some says 12 years is such a long time, then think again.. Whether you like it or not, time will pass by & you will reach that 12 years.

10."Trend Following" is a philosophy that not everybody can follow, however those who can will accumulate wealth over certain period of time.

My tips on being unemotional in trading

a.Be a systematic trader and take position based on signal.

b.Take position and stay away from market.

c.Don't day trade.

d.Trade in portfolio and not single instruments.

e.Trade with additional money & not scared money

f.Do not have any expectation on the market, it gives what it want to gives.

g.Always remember that market will always want to hurt us emotionally, financially & full of surprises.

h.Trade with the right size that we will not worry us on margin call.

i.Have confidence with the system that we use, and this confidence only come after we trade/test the system for certain period of time either

j.Mix with the right group of people & stay away from day traders & losers.

k.Apply "Trend Following" in your system instead of day trading, Elliot's Wave, Fibonacci, candlestick etc.

l.Plan the trade & trade the plan

Money is an emotional subject and same goes to trading

1.Money is an emotional subject since it will make us sometimes irrational when we make decision on it.

2.Trading is an emotional subject since it involves money.

3.Greed of making more money and fear of losing money is influencing a lot of people in trading. They take unnecessary action like over trade or ignoring the signal from trading system. They end up losing money & losing the opportunity that they should had in the first place

4.I used to be so emotional in trading, during my early days in trading (including when I trade stocks, Futures, and Commodities). I made a lot of mistake and lost huge amount of money.

5.On that time, I trade using ridiculous time frame like 1 hour, 30 minutes and even 15 minutes. End up, I was following the market closely and creating unnecessary stress to me.

6.I was following news from CNN, Bloomberg and many other sources. Creates more confusion and sometimes news were contradicting each other and again made me indecisive.

7.Then I thought I found the holy grail when I saw the list of indicators like RSI, Bollinger Band, MACD etc. Yet I was exploring hundreds of them and have no faith in them and I cannot hold my position since I did not trust the indicators in the first place.

8.I am lucky because my persistency of looking for the right way to trade paid off when I trade using " Trend Following System".

9.To be honest, my confidence and trust in "Trend Following System" does not come overnight. I demo trade for one year, mix with the right people, start small with live account and increase the capital gradually.