Loading ...Chartered Portfolio Manager (AAFM), Certified Financial Technician (CFTe ),MBA (UK), Member of MENSA Singapore , Member of Technical Analysts Society (Singapore),Member of American Academy of Financial Management.
Stock Broker, Trainer and Trader
Why I am I doing what I am doing now?
I was 8 years in Prudential as a Financial Adviser. Money for me was … not difficult to earn due to the renewal and such. In fact, I did my Million Dollar Round Table a couple of times and was also the 1st runner-up for rookie agent of the year in Prudential. (The first was a guy with a Ph.D and I was only 23-24)
After a few years,
churning and kickback of CPF monies was the name of the game and the people that does it were earning BIG money. The best products for the clients usually pay the least and the products that pay the most are usually not so good for clients.
I felt the industry was rewarding people who are not seeking the best interest for their clients.
Meanwhile, as I was trading doing contra and such but no success. I follow every brokers call and still consistently lose money.
About # years later, I learn about this thing called technical analysis. I became a student of technical analysis. I was reading 1 -3 books on technical analysis and set myself a goal to be excellent in it. I attend every course that I can afford and learn from many teachers.
By doing technical analysis, my trading became better. At least, I stop buying at the highest and selling at the lowest.( My perfected skill which I pick up in my first few years on trading)
Careerwise ,I felt that I couldn’t do it anymore. I needed to do something more in line with my values and long term goals . The goals of the company, clients and me should be more in-line.. I also decided to go and take the remisier test just in case things dont work out in insurance. Surprising, I passed but I did not immediately join as stockbroker. It was only after 2 years when my certificate was going to expire that I decided to join.I know for sure I am going to take a big pay cut but at least this was more in line with my values and I can be at peace with myself. This time the goals of the client, company and myself were more in line.
My view on money… …
When I was in insurance industry , image was everything. (Big car is a must) I felt I had to create a success image for marketing purpose. So even though I was making good money, I wasnt saving much. Money was my master and I had to work hard to maintain my ïmage as a successful financial adviser(insurance agent).
But through my years, I really felt the need to simplify my life. I dont need so much ‘things’ in life to be happy. I dont need so much to complicate my life. Money became my servant and I became a steward of money. This money is only given to me as a temporary holder. I dont own the money.
Surprising by doing this, my trading also became better as I no longer feel the ‘pinch’ when I cut loss. I just need to obey the rules else my “boss” wont be happy .
Trading is just a game, it doesnt matter if you lose so long as you play by the rules, you will win eventually. No luck involved
to be continued ……
Interests
- Technical Analysis - Playing with Metastock code , Research into stockmarket , understanding nature in markets
- Swimming & Long Walk
- Playing boardgames eg: Risk, Blokus,
- Wine
Favorite Books
- Bible
- Purpose driven life( Rick Warren)
- Confession of a happy christian.
- Trading for a living (Alexander Elder)
- Tool and Tactics of a Master Trader
- Technical Analysis by John Murphy
- Point and figure charting by Dorsey Wright
- Trading with DiNapoli Levels