要錢要命？

小丁

I like eating and sleeping too..... cause I am a PIG.
piggy3616 發表於 2010-4-29 11:01 AM

I like sleep rather than eat, because I'm FAT . . .
But I always sleep few hours a day, so tire . . .
I like your post becasue the topic not only Gold / Silver, but others, like cook, dance, MJ . . .

piggy3616

I'm trading at Hxxx Sxxx Bank now, their trading time is 6:00am to 3:30am, but the spead at least  ...
小丁 發表於 2010-4-29 11:36 AM

I only know about gold ar.......
In MW801, US$1,500 margin money is needed if you want to buy / sell 100 Oz order.
No matter at what time, you have to maintain your margin level be 10% up of your required margin.

Take current price US$1,165 as an example.
You pay US$1,500 to buy 100 Oz order, that mean you leverage = 1,165 x 100 / 1,500 = 77.6
This leverage is much higher than Bank and therefore you must control your lose very carefully.

If you make a buying order at US$1,165, for 100 Oz order..... you required margin will be US$1,500.
Gold movement of US$1 = you will earn or lose US$100
If you only deposit US$1,500 into your account, that mean your money can allow you to make wrong direction trade for US$13.5 at most!

If gold drop from US$1,165 to US$1151.5, your margin money will become US$150 (as gold drop US$13.5, mean you will lose US$1,350).  Once your margin is less than 10%, MW801 will cut off all your order at the first price after your margin is less than 10%.  After they cut your order............ that mean your money will be gone.

Therefore, if you want to make 100 Oz order, it is better you have US$3,000 - US$5,000 as capital, it will give your more confidence when trading.

If you buy at US$1,165..... and the price go up and you square the trade (make a selling order to settle the trade) at US$1,170, your profit will be US$1,170 - US$1,165 = US$5.  As you are trading in 100 Oz, your profit amount will be US$5 x 100 = US$500.

Gold trade is fast.......... you can earn a lot at daytime......and lose all at night.
Therefore, set cut loss price is a very crucial step you must take.
We are human, lose some money in some trades, that is usual.
Minimize your loss......... secure your capital........and try to earn more when there is a one side trend........ that can make you rich <---- actually I am talking to myself!!!

If you want to open account at MW801, please call MW801 to look for Mr. Chris Hui, he is my Agent also, saying you are introduced by 豬小姐 (then maybe my Agent will say thanks to me........hahaha)

(The above look like an Advertisement???  hahaha......it is not.....
but I want to explain to those who not familiar with gold trading........
I lost a lot of money.......because I didn' know gold moving range could be so fast....... and I didn't set cut loss........ I sold when the price was moving higher..... hoping it would drop soon...... or bought when falling...... but after I bought, it fell straight like water............not knowing resistance or support.............the money that I lost....... could buy a flat!)

piggy3616

我覺得MW801的人很有良心．

piggy3616

I did went to some other companies to listen to their financial talks, mostly on Saturday afternoon.  They talked to some elderly..... saying gold will only go up, will not fall down.  Saying to 'Ah Sim' (old woman, 60+, 70+)...... that they can set limit order, if lose, only lose few dollars; if win, can win more than US$10+.  But the trading hour of that hour is closed at 2 a.m. and resume on 8 a.m.  Gold is moving almost 24 hours a day!!!  When 'Ah Sim' wake up, she can earn a lot but can lose a lot also!

Another occasion (long time ago), an Agent asked me to buy at US$850...... he said, if gold fell down, then buy again at US$800....... I not talked to him anymore...... because in his mind he didn't have any thought of 'cut loss'.......... a loss of US$50..... can be a lot......

piggy3616

I like sleep rather than eat, because I'm FAT . . .
But I always sleep few hours a day, so tire . ...
小丁 發表於 2010-4-29 11:40 AM

Yes, I chatted with JL1 on a lot of things ar.............
Hope MW801 will have Saturday financial talk very soon......... so we can gather to meet, to exchange views on gold trading.

小丁

I only know about gold ar.......
In MW801, US$1,500 margin money is needed if you want to buy ...
piggy3616 發表於 2010-4-29 12:07 PM

I like you very much, you explained very clear and I'm the one usually don't set any cut-lost, therefore I take few dollars profit but lost 20-30 dollars at once, it's a lot, and lost a lot before . . .
That's why I put "嚴收止蝕" to remind me always . . .
It's Chris Hui working in Wanchai? I'm working in Hong Kong side . . .

piggy3616

I like you very much, you explained very clear and I'm the one usually don't set any cut-lost, the ...
小丁 發表於 2010-4-29 12:27 PM

Yes ar, Mr. Hui works in Room 801, Emperor Group Centre, 288 Hennessy Road, Wanchai, HK.

If you don't set cut loss, it is better that you not trade......... you will lose all your money anyway!

piggy3616

I like you very much, you explained very clear and I'm the one usually don't set any cut-lost, the ...
小丁 發表於 2010-4-29 12:27 PM

I know I have a lot of secret admirers la..........my post has more than 27K clicks la!!!

piggy3616

I'm trading at Hxxx Sxxx Bank now, their trading time is 6:00am to 3:30am, but the spead at least  ...
小丁 發表於 2010-4-29 11:36 AM

Maybe I am bad to ask.......... but I want to know how much you have in your Hxxg Sxxg Bank trading account now?
If you don't have any order on hand, you can call Chris after 3:30 p.m. today........ open an account, then transfer the money from ATM....then you can trade tonight at MW801 la!

I know nothing about Silver......... let me ask MW801 and ask them to write here la.

小丁

Maybe I am bad to ask.......... but I want to know how much you have in your Hxxg Sxxg Bank tr ...
piggy3616 發表於 2010-4-29 12:38 PM

You are so kind ah! If MW801 can write something about siliver, it should be good to everybody, of course including me la.
I still have some orders in Hxxx Sxxx Bank including CCY, but anyway I will call Chris to open account if I have time today, and transfer some money for trial trading.
I got a big problem is I can watch the Gold market everyday, especially in night time till 11:00pm, which missed 8:30pm and 10:00pm two important points of time. . .