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Collin Seow: Trading Like A Pro
Aspire, Thought Leaders | 12 June 2015
By: Vance Wong
Articles (74) Profile

The average trader often has the misconception that trading is a get-rich-quick scheme. Many of them do not understand that expert traders like Phillip Securities remisier Collin Seow, follows a strategy religiously with a disciplined mindset.

In a recent interview with Collin, he gave some insights into what kind of psychology and strategy traders should have. Collin will be speaking at the upcoming Investor Wealth Summit 2015, along with other experts like Ray Barros and Ken Chee.

Most Defining Moment As A Remisier And Trader

Collin: The most defining moment was when I just started off as a remisier. A client of mine of that time traded at very dangerous risk levels, incurring a huge loss of $250,000 that he could not pay. He decided to file for bankruptcy but as his remisier, I had to pay off the debt.

An easy way out at that time would be to declare bankruptcy as well, but I chose to not let this pin me down. Eventually, I managed to pay off the debts through hard work and the devising of a systematic trading strategy.

After years of being a remisier and trading ever since, I realised that the biggest key to be a successful trader is having the right psychology. Without the right mindset, any good strategy would fail. Cutting losses and maximising profits are the fundamentals that every good trader and retail investor should follow religiously, no matter how much or little is at stake.

Stock Trading As A Full-time Job

Collin: I am not a full-time trader but I would advise those that wants to trade full-time to find a good mentor. It is not impossible to do without a mentor, but the process would involve a lot more trial and error.

By having a good mentor to guide you, the chances of you making mistakes would be greatly reduced. In a way, you can learn from his experiences and avoid the common mistakes that other average trader or investor out there would make.

As for the psychology of a full-time trader, I think that it should be similar to that of an athlete. Trading is like a sport in the sense that you have to make sure that every move is right. Even if the results are not desirable, you have to be disciplined. Cut loss when the price falls, maximise your profits but do not get too greedy, sell off once you reach your targeted price.

The Systematic Trader

Collin: As I had mentioned above, I had developed a systematic trading strategy after the most defining moment in my remisier career many years ago. All the details about my systematic trading strategy and my experiences as a remisier are condensed within the pages of my book The Systematic Trader.

Furthermore, I would be speaking at the upcoming Investor Wealth Summit 2015, mainly about how to get in and out of the market profitably and safely. I will also teach you how to select the right stocks before they make a big move.

Click here to register for your FREE seat at the Investor Wealth Summit 2015! Speakers include Ray Barros, Ken Chee, and many more!
Date: 20 & 21 June 2015 (Sat & Sun)
Time: 9:00am – 6:00pm
Venue: Suntec Singapore, Convention & Exhibition Centre (Room 324), 1 Raffles Boulevard, Singapore 039593
With a Communications background, Vance has the passion to write with a purpose - to provide content supported with substantial evidence to vested readers.

Please click here for more information about this author.


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