So far so good

My main target is to hit an income of RM 20K in this month and speaking about RM 20K in a month, it has been a while (about 2 years) since I last hit that threshold. Psychologically, RM 20 K in a month is achievable in both the sales industry and also in the financial market.Once this figure is reclaimed, I will try my very best to break my own record which is roughly about RM 30K.
So far so good this week ,it has been really fruitful.Relationships are getting better since I returned to the employment world. Moods are getting better too.
I have hit more than 25% of my targetted income so far and will continue to fight for that remaining 75%.

Although the market is the passion that I will never let go, I dont think that I will become a full time trader again anytime soon. Maybe about 3-4 years from now....

The return to FCPO!

It has been like ages since I get myself connected with world financial matters because I have been out of the market since a few months ago( almost a year already) and no matter how much I've tried to convince myself to return to my previous best, it was useless. The reason is that all of us believe that ignorance is bliss ...not all of us but losers like me. We live in denial and no matter how much I've tried to convince myself that I made money in the market but the fact is my expenses surpassed my cashflow. What happened is I went into the gaming euphoria ,playing games everyday and became one of the top 200 players in south east asia . What's the point? It has been useless because top 200 cant make money, only the top 5 or top 10 are able to.

Nothing is permanent and same goes to bad spells. I've returned to the sales industry and will once again command my 5 figure income. The anticipated return will occur in June where I will begin to trade in CPO again.

Whatever that doesnt kill me will make me stronger.

Return of The Jedi

Ladies and gentlemen,I have decided that it is time for a comeback to the bloggosphere and I have been in the market once in a while for the past 2 months of hiatus as well.Everything remains the same here...the passion for the market has never changed, the desire to succeed is always there and the mechanical system has always been profitable.Being lazy has always been a pleasure but this temporary pleasure has to be stopped,I realized. Life of a full time trader is a true test to one's discipline not only the market but also in life. For example, if the market that we trades opens at 9am, and we sleep at 4am in the morning ,that is a sign of indiscipline but then again, it's the choice we make.A position trader does not need to monitor the market as all he needs is to place stops at the right time and price.

I have seen a lot and been thinking a lot lately....and worse,I had a dream...yesterday..that I turned back time to the age of 21. Next year I am going to be 27 and I tell myself that next year is the final year I allow myself to live moderately. Plans have been drafted in my mind and a full force return to the market is imminent.
Glory will be reclaim and see you at the top !

Just a word or 2

Ladies and gentlemen, imagine a glass falling from the ceiling ...gets broken with a bang !
Recently, over the past 2-3 weeks, I have been smacked by the market badly to a level where I have no more ability to recover the losses in a short period of time. And because of this, I have also decided to take a break from the bloggosphere due to my non commitment to the market. I became a full time trader in August year 2009 and September 2010 might be the end of my career as a full time trader. Might be only,ya.
The rise to glorious trading is never an easy path and although I have lost majority of my trading capital, there is 1 thing that I have never lost which is my confidence.
The thing that I have discovered along my journey is that although long term trading yields slower profits but in the long run, it is safer than short term trading whatever system that we implement and not forgetting that long term trading outperforms its shorter term counterparts.

I would like to thank everyone who takes part of their time to come to my blog giving me criticisms and also encouragement ...... those mean a lot to me for me to be a better trader in the future. In this setback, I never blame any external factors that caused my downfall....except myself.

To those who are still trading, I wish u guys all the best!

And I will be back !

*DOWN BUT NOT OUT*

The lifespan of a financial blogger

Most financial bloggers will eventually die, especially futures bloggers. I can say that 99% of the futures bloggers out there are traders themselves. Eventually, they will lose money..and although it sounds cruel,this is the reality of the market. As we can see, there is this gentleman who commented on my cbox saying that some bloggers stopped blogging after some drawdowns. Well...seriously speaking, I don't think those are some drawdowns..those are huge drawdowns.
First,there is no financial benefit for us to gain by blogging and blogging is actually a hobby for most of us.So,when a trader reaches to a point where he couldn't accept his losses , he will take some time off from blogging. Actually, when I lose money,I don't like to blog too. Well, make it simple la...it is not easy to continue being a financial blogger. I'm sure that many people will be disappointed. But don't worry,ladies and gentlemen...
there are some bloggers who are very serious in what they do.

Kan H.S from http://klfutures.blogspot.com/ and Martin Wong from http://www.traderstruthrevealed.com/
and Bloodscalper from www.killingtrade.blogspot.com are 3 bloggers who are very serious in what they do. To be honest, I am their loyal follower.They provide valuable information to the public.

p/s: Of all the blogs that I follow, the one that made the biggest impact in my life is still http://www.cpotrader.blogspot.com ..I've read all his old posts till his latest posts ...and learned alot from there.

What is your biggest fear?

Death is the 6th most feared thing in the world. The number 1 most feared thing is Public Speaking. Logically this is the case.
I have been frightened many times and death is not one of the factors. I remember, there was once when I was walking pass ( I dunno what we call it ) an entrance to a condo parking space. There is a steel thingy that goes up for the car to pass ,then it comes down signalling the car to stop. I was walking pass that thing and jsut by LESS THAN A METRE, the thing fell down. Normally that thing is covered by something but in that old apartment, that steel was quite sharp. I was very calm at that time.

Second experience was in the open sea. I was trying hard to go underwater.....which means I did not wear any life jacket. The water wave was so strong that I went hard against it. My muscles were tired already because I have been swimming for 3 days in a row. I wasn't too far away and there were rocks somewhere. I 'dislocated' my right shoulder.......a normal injury for swimmers , badminton and tennis players. This injury comes from the rotator cuff ....one of the parts of our shoulders. I could not move my right arm AT ALL due to extreme pain. What I did was I thought I was going to die ....but pain is something normal to me.I swam using my legs of course and my left arm to a place that have rocks so that I can rest. After thinking how to solve this problem, suddenly , I pressed my rotator cuff . My right arm could move again.

* To those who do not know where the rotator cuff is , it is actually located on the back of the shoulder. If you play badminton after a long period of not playing, u will feel that your rotator cuff aching the next day.
The rotator cuff is one of the weakest links of a sportsman and is one of the most important group of muscles in sports.Try massaging your shoulder after you kena this type of injury because it could save lives.*

After that,of course I swam back to the shore....and things were alright again. We need a lot of time for full recovery. Partial recovery...erm..about 1-2 weeks time. I was working hard in the gym after that injury and suddenly when I reached plateau in weight lifting,I could feel pain on my right shoulder again. Maybe history repeats? I stopped gym until now.

So, death is definitely not one of the most feared things in the world ...because most of us live in suffering. To me, my most feared thing is not being able to survive in this world. I have gone thru a lot as a full time trader and to be honest, I have overcome my own greatest fear.

What about you?

I wish I could

Recently there was a comment stating that I can fool everyone but not myself. That is a figure of speech but to me, I won't be able to do that.
If I can fool everyone in the world,I would have been the richest man on earth.
To be honest, as a breakout trader myself, I make mistakes by exiting my long position in FKLI too early. If a person tells you that he is a true trend trader, ......he might be lying ..or he is a top trader. Imagine the early breakout of FKLI at 900 points up to 1300. And some minor losses along the way before another breakout to 1460 ! A trend trader would have profitted more than 300% ( my own assumptions ) in 1 1/2 year time.
Following the trend sounds easy but when we encounter a sideway market in FKLI in May, we might have lost confidence. Following the trend is the most simple thing but it is one of the hardest things to do in the world of trading because if one is disciplined enough to follow the market on continuous basis, he is destined for financial greatness !