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Search: Posts Made By: JacLau

Forum: Psychology and Money Management

April 18th, 2015, 07:06 PM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

Thanks for sharing some useful information. ...

Thanks for sharing some useful information.

From my own experience, traders can "invite getting whacked" if they use maximum leverage to park working orders to scalp futures contract.

I used to...

Forum: Psychology and Money Management

April 18th, 2015, 04:52 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

From the lessons learned from my past mistakes,...

From the lessons learned from my past mistakes, my present trading mindset says I should go all in when I see the opportunity because:

1. it would help me make enough money to continue trading...

Forum: Psychology and Money Management

April 17th, 2015, 07:21 PM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

Jesse Livermore Squandered More Than A Billion US$ In 5 Years

At 53, after the crash of 1929, Jesse Livermore has more than a billion US$ in today's worth. 5 years later he became bankrupt.

All his trading wisdom and rules could not stop him from losing his...

Forum: Psychology and Money Management

April 12th, 2015, 08:35 PM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

If I had traded HSI/HHI that morning with a "I...

If I had traded HSI/HHI that morning with a "I could sense that it is coming" mentality, I would have avoided the big loss.

Whenever I have that feeling which to you is a losing mentality, I...

Forum: Psychology and Money Management

April 12th, 2015, 05:40 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

fourtiwinks placed on my ignore list to block out...

fourtiwinks placed on my ignore list to block out negativity from my trading mindset. Sorry, no offense intended.

Forum: Psychology and Money Management

April 10th, 2015, 12:00 PM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

None of my big daily losses and my account blew...

None of my big daily losses and my account blew ups started with a predetermined plan to trade size.

The recent S$22.5K big loss started with 1 lot Mini HSI and 1 lot Mini HHI short position which...

Forum: Psychology and Money Management

April 10th, 2015, 12:48 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

Either give up 11 years or screen time or try to...

Either give up 11 years or screen time or try to make more money between the big daily losses.

I seldom trade HSI/HHI futures and this is the first time I went all in. I would have been profitable...

Forum: Psychology and Money Management

April 9th, 2015, 11:58 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

Big Daily Losses Just As Devastating, Lost 20% Today

I had 33 trading days where I lost more than S$20K a day.

Total losses from my 33 greater than S$20K losing days is about S$1,093,000 (excluding the S$191K, S$340K & S$570K account blew up...

Forum: Psychology and Money Management

March 28th, 2015, 06:15 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

Solvable? For myself, the answer is yes, if I...

Solvable? For myself, the answer is yes, if I stop trading altogether.

After I blew my account the second time, I have a program installed to liquidate all my position once the losses exceeds...

Forum: Psychology and Money Management

March 28th, 2015, 05:08 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

For the 2 "Near Miss" situations where my...

For the 2 "Near Miss" situations where my floating loss exceeded my trading capital before the market recovered, I was long.

I am more comfortable being short than long when I trade.

I do not...

Forum: Psychology and Money Management

March 28th, 2015, 01:43 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

You can ask and I will try to answer to the best...

You can ask and I will try to answer to the best of my recollection.

On the days or times that I blew my trading account or suffered huge losses, I have no risk control as I lost control.
...

Forum: Psychology and Money Management

March 26th, 2015, 09:43 AM

Replies: 155

Account blown up

Views: 38,109

Posted By JacLau

3 Wiped Outs, 2 Near Misses, Million $ Floating Loss Exceeding Net Worth

I lost control and blew up my trading account 3 times.

I started trading SGX derivatives full time from mid 2004 with S$200K capital after being retrenched at age 42 from my Engineering job with...

Showing results 1 to 12 of 12

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
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