Prop trader from Singapore

This is a discussion on Prop trader from Singapore within the Home Trader forums, part of the Trading Career category; Hi everybody, My name is Sean and I've just joined a prop trading firm for about 2 months and I've ...

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Old Jul 16, 2016, 5:02am   #1
Joined Jul 2016
Prop trader from Singapore

Hi everybody,

My name is Sean and I've just joined a prop trading firm for about 2 months and I've been given the option to trade from home which I have decided to because it'd save me 700SGD/mth and that's quite a sum for a new trader.

Main point of this post is to meet new people perhaps from Singapore itself or any other traders that would happen to be having a vacation in Singapore; I'd be glad to bring you guys around or something.

I'd also be sharing my potential trade positions if anybody is interested and just discuss about trading. Constructive criticism preferably.

I trade E-mini during the Asian/Euro hours, may delve into US opening hours in the near future. I also trade FOREX on a demo account to further decrease the learning period and perhaps delve into FOREX in the future when I am consistently profitable and satisfied.

Cheers!
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Old Jul 18, 2016, 4:14am   #2
 
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Joined Jul 2016
Hi faat,

I am from Indonesia, next year i have plan to going SG and join trading arcade/rent desk.
I am quite profitable and enjoy trading with my own money. I trade FX futures, not hft.

What is your prop firm? Do u have any suggestion?
I heard uob and philips futures have trading spaces.

Anyway good job faat for your trading! Hope u have the consistency
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Old Jul 18, 2016, 4:32am   #3
Joined Jul 2016
faat started this thread
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Originally Posted by rainhard View Post
Hi faat,

I am from Indonesia, next year i have plan to going SG and join trading arcade/rent desk.
I am quite profitable and enjoy trading with my own money. I trade FX futures, not hft.

What is your prop firm? Do u have any suggestion?
I heard uob and philips futures have trading spaces.

Anyway good job faat for your trading! Hope u have the consistency
Hi rainhard,

I'm currently at Phillips trading arcade and I have no big issues with it but I haven't seen the one at UOB. Both arcades are pretty nearby each other.
My firm isn't hiring anymore but there are quite a few prop firms in the vicinity. Given your profitability I think you wouldn't have much issues getting hired by them IMO.

this is a list of the firms in singapore and it is not exhaustive.
http://tradersingapore.blogspot.sg/p/prop-trading.html

Thanks and do drop me a message if you do happen to come by singapore. Would be glad to bring you around!

Cheers!
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Old Jul 19, 2016, 4:50am   #4
Joined Jul 2016
faat started this thread S&P has been pretty much ranging the past 2-3 days.
Very few and low probability trades.

My methodology of trading is mainly price action with the trend or with a clear market structure i.e. clearly defined S/R.

Made lousy trades the past few days so gonna sit the whipsaws out till then.

Great trading to all!
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Old Jul 19, 2016, 9:50am   #5
Joined Mar 2002
I think you need to ask yourself, wouldnt the 700SGD a month be a good investment. If you are a new trade surely it would be better to be in the trading office. 700SGD x X Months can be easily recovered once you are a consistently profitable trader but the extra time its takes you can never be replaced.
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Old Jul 19, 2016, 10:34am   #6
Joined Jul 2016
faat started this thread
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Originally Posted by dojistar View Post
I think you need to ask yourself, wouldnt the 700SGD a month be a good investment. If you are a new trade surely it would be better to be in the trading office. 700SGD x X Months can be easily recovered once you are a consistently profitable trader but the extra time its takes you can never be replaced.
I only see it as costs and nothing else because I am currently trading alone because the others that were together with me in the beginning has left. Hope that clears some stuff up!
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Old Jul 19, 2016, 1:29pm   #7
Joined Mar 2002
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I only see it as costs and nothing else because I am currently trading alone because the others that were together with me in the beginning has left. Hope that clears some stuff up!
Well what about the experienced Traders in the office, you got more chance of succeeding if you surround yourself with pro traders than being at home trying to re-invent the wheel. Look at the 700SGD as a business cost.
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Old Jul 19, 2016, 2:40pm   #8
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Originally Posted by dojistar View Post
Well what about the experienced Traders in the office, you got more chance of succeeding if you surround yourself with pro traders than being at home trying to re-invent the wheel. Look at the 700SGD as a business cost.
my office is basically a trading arcade so there is nobody who is under the same firm as me at the arcade. the only pro traders there would be those independent traders at the arcade. i get what you mean by like trying to learn from experienced traders but there isn't much opportunity to interact with the independent traders as everybody is always more or less glued to their screens.

i'm probably gonna be slower if i do it on my own but i know it can be done. i'm not really re-inventing the wheel but just using what alr seems to work and slowly tweaking them into a strategy of my own.

thanks a lot for your insight dojistar! i get where you're coming from and i definitely would trade in an office if there were senior traders i could look/learn from.

the reason why i've started in this forums is hopefully to learn from new people and make trading a little less lonely.

Cheers!
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