Beware the Black Swan

"Nobody is bigger than the market."

"You are only as good as your last trade"

"90% of all futures will lose their money"

We need to be realistic, this is a zero sum game every RM won there is an RM lost.

There was a new trader who came into the futures market and was the "top volume" trader instantly on FKLI futures. The exchange was so proud of this individual for 11 months. Well on 6 May 2013, this trader took one one big gamble too many and lost 300k. He overleveraged and thus the account resulted in overloss which e could nt pay up. Nick Leeson eat your heart out. So, being te "top trader" in volume for 11 months probably did not garner any profits, as he cannot even fork out 300k to reactivate his trading activities as a Local. Moral: Trade for Profits, not for Volume and do't GAMBLE.

On the other side of the coin, one retail customer on that famous day made 800K. For every loser there is a winner. You don't have to churn volume as a Local to make $.