Last updated on May 27th, 2018
It has been a long hiatus and don’t worry, I’m still alive and kicking. A lot of things have changed (look who’s taken over as the President of America…) and I have even completed two semesters of university since my ORD last year. The reason of the lack of updates is mainly due to my really hectic (by really hectic, I mean REALLYYY HECTIC). On top of me making best effort to cope with school work, I also accomplished few things I’ve kick-start.
Firstly, I’ve been trend and day trading (opening and closing of trades within the same day) since last year and have managed to build a good track record that I’m proud of. Markets I trade now are the FOREX market and Futures market. Futures is still new to me (Thank you Azrael for introducing me to it!) but learning this market has proved to be easier with my past experience in FX trading. This then led to the third item that I’ve been working on for the past 10 months – a startup fund. As Robert Kiyosaki once said, “The most important word in the world of money is cash flow. The second most important word is leverage.”. There are just too many myths out there about leveraging OTM (Other People’s Money). I’ll be sure to write a post about it, what is leverage, why you should have leverage in your endeavors, why you should not have it, who should use it, how to ensure you are safe leveraging OTM. Keep a look out for it.
Secondly, I’ve managed to start a small private fund since last year and got some investment capital from my family and friends. I even moved on to starting another one with one of my good friend (HouTian Tan) and having it registered as a consulting company. Due to the heavy licensing and staffing requirements, we are pushing out our services as a product – automatic trades copying. So to speak, trading accounts will be hosted on my server and my program will automatically replicate all of my trades to investors’ own trading accounts. This is a new concept and has been favorably accepted by my clients so far.
Because of these, it has been really hard to update you guys on my progress despite thinking about it many times. And now that things are more anchored, I’ll be updating more often. Probably even my weekly performance if you guys are interested.
Towards a richer living!