[Napoleon Porlumpar]

What is the one thing you would tell someone who wants to trade for a living? I asked my sifu.

He gave a deep thought and told me. Throw away your old outdated beliefs in trading.

What do you mean? I asked.

He told me when he first met his sifu, he faced this problem on how to trade profitably. His sifu asked him how much he expect to earn from his investment per year. He replied around 5-10% per year. Then his sifu asked how much money he has. He say around $100k. Then his sifu tell him, he better quit. How can he survive, if he can only earn $10k from his $100k.

Wow... I exclaimed. Quite true.

But I did not quit. I asked him, how do I trade with little money.

His sifu told him, don't believe what you know. Build on what you can develop for yourself.

His sifu advise him to throw away your old beliefs. See below
1) Throw away the limiting beliefs you can only get 5-10% return per year.
2) You don't need big money to make decent profits for a living.
3) You don't need charts or even fundamental analysis to trade.

Huh...these 3 beliefs are what many investors are told to follow. I told sifu.

I have to start from nothing. He smiled. Starting with point 3. No charts or fundamental analysis.

Wah lau, I have always used charts for trading. Now you tell me they are useless? I exclaimed.

I can only tell you, you don't need them. He laughed.

FARK Lah.....................

all these CRAP....................what FARK course you're peddling .........................

FARK  OFF  ....................