Millionaire Traderstrading Swiss francs, I will only focus on the franc. Then if I want
to move on to yen, I will wait until I exit out of my franc trade
before taking a yen position.
Q: What kind of leverage do you use?
A: Usually the maximum leverage offered. In Hong Kong, that
is 20 to 1.
Q: When you first started trading, did you use your savings, or
did you borrow from the bank?
A: It was basically my savings. Personally, I do not believe in
borrowing money to fund my investments. I use my own funds.
Q: Do you have some sort of monetary or pip target every day
or week?
A: No, I do not have daily or weekly targets. The main reason is
because I do not want to stress myself out. If you have a daily or
weekly target, you are making trading a necessity. That is, every
day, you are forcing yourself to look for a trading opportunity even
if there may not be one. I prefer to wait for an opportunity and
then take it. I don’t want to be forced to trade to meet a target. I
would rather wait for an opportunity or setup to occur and then to
act on it. If I see opportunities, I may trade more. If I do not see
an opportunity, I will opt to preserve my capital and wait. I feel
that having targets could actually erode your performance.
Q: Have you ever traded full time?
A: Initially, I was an investment advisor. So trading was not my
full-time job or focus. Only in the past few years, after I have been
successful, have I switched over to giving education courses while
trading at the same time. As you have mentioned, there are indeed