Millionaire Traderswhich contributes to the reason why I began to change my trading
style in 1998. After experiencing many different types of markets,
I became more mature and realized that I shouldn’t risk all that I
have, and I should save some on the side. If I make a bad trade,
I have learned to just give up on the trade rather than pressing
further in hopes of making a quick recovery as I may have done
when I was younger.
Q: So you only started to make serious money after 1998?
A: Yes. By that time I developed my technique and system. How
much you make really depends on how much you invest. But if you
have a good system, even if you make one bad trade, you can feel
confident that your next ones may still lead to success. Your system
and technique are very important. Getting into a good trade really
involves having a good eye. None of us can guarantee that, so it
is important to learn how to analyze the markets and to have a
trading plan.
Q: Have you ever taken any classes that teach you how to create
a system or read charts?
A: When I started to get into the industry, there weren’t that many
classes available. These days, investment classes have become far
more popular in Hong Kong, and the desire to learn more about
investing has as well. But 20 years ago, this was not very popular. I
read newspapers, financial magazines. I used Reuters, read charts,
price levels, which was the way I learned myself.
Q: What is your normal trading day like? How often do you
trade?
A: I prefer a longer-term style. I will pick a direction, probably
based upon last night’s charts and then determine my entry point
based upon economic data and technical levels. I look at country
news or political news, but I don’t give much weight to it because,