Friday, June 11, 2010

Stock trading days - about over soon!!

Yes....I will slowing give up on this stock trading thingy and re-group/re-focus my energy to forex trading. Since I am more confident of doing better trading forex than in stocks.

Yes....I will put in "most of my focus/time" on forex trading in order to hone and sharpen my skill in charting/for entry and exit of a trade to bring my learning curve up to speed in order to meet my target on increasing my fund ( balance of it at
end of last month - May ) to at least 5 times that amount haha...now already 3 times so it is not a hard target. Maybe I should increase that to 10 times? Greedy? no...
I believed I can do it too if really put in all my focus.

Yes....to pull the trigger at the right time would make a huge different to one's profit level and at the same time to reduce the stress level in trading well haha.
This is also am important part of trading and it can be done thru having more confidence in one's gut feel for the trade. And the willingness to admit mistake and close a trade asap....when things/situation change.

I find it harder to do that in stock trading becoz of the amount in commission for trading in the first place then end-up with bigger loss. For forex....since the commission is already in the spread and if for major pairs eg EUR/USD, USD/JPY at so low it is fine to call it "wrong" and to exit a trade immediately.

On whether I will totally give up trading stocks....maybe not immediately but if I can confirmed my experiment works, then I think it is a matter of time to give up on that to concentrate on doing well for forex.

I have already told my wife that if this experiment works....I want to continue to stay at my present condo to enjoy the environment and for me to unwind after a hard day of cracking brain over making money!

Now....I found myself understanding why always my "chaim-see" predicted that the wealth is waiting for me to pick it up once the time comes! So....is this my true calling? Is forex trading the answer to all my future source of income??? If yes,
then I am "set" for this LIFE.....thank GOD for it's timely too esp since my company is going over to China soon. Selling insurance, driving taxi or running about as a housing agent may be getting too tough for me....as my mouth is getting hard to "anyhow let-go" as my age is catching up. Plus skin....getting thinner too, getting too sensitive as pocket gets lighter and I spending more time being alone!

3 comments:

wINtoTo N aLSo 4D...yEAh! said...

I shall go "ask" for advice come morning when I go praying at Waterloo temple.

Chaim-see again....to see whether this is the right direction to take. Once comfirmed....then will re-focus my time and brain power on it 100%.

wINtoTo N aLSo 4D...yEAh! said...

What a huge change...one day can bring about to one's fortune and outlook?

Yes...I was on fire last night when I blogged about the plan but one night later ( plus a chaim-see ) things changed, outlook changed, my future is more or less decided too.

Unknown said...

Yeah, Forex in my opinion is definitely a lot easier to digest than stocks.

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