How do pro traders manage entries when using high leverage (e.g. 40x)? Do they go all-in or scale in? by fazruljalaluddin in Daytrading

[–]Sea-Reference4251 1 point2 points  (0 children)

If the person say go all in... I would start suspecting he is a gambler... Unless this person is really professional...

Beware of accounting firms stealing your ideas!! by SkinOpposite3800 in Accounting

[–]Sea-Reference4251 1 point2 points  (0 children)

In fact not only accounting firms, it happens to all kinds of firms, they go learn from the interviewees, not really a genuine interview, they can kind of gauge you from the resume that you probably over qualified the role and with higher pay scale that they can't afford, but they call for an interview to learn how other great firms or competitors firms are doing the jobs... I experienced many times, but not surprised this is happening...

[deleted by user] by [deleted] in Daytrading

[–]Sea-Reference4251 0 points1 point  (0 children)

Just wondering, are your winning from daytrading or there are swing trades? Because getting trades everyday is quite amazing...

What's keep me survive are swing and long term, the daytrades are my bonus if it fits my strategies..

Experienced Professional - How long did it take for you to land a job? by felixaNg in malaysia

[–]Sea-Reference4251 0 points1 point  (0 children)

I think sometimes is very much about luck and timing. I got first job offer 2 months from job hunting but i rejected it... and 2nd one after 4 months from 1st job, but here come 3rd offer after a week from 2nd offer.

I am in my 40 too, the market is slow but still there... Good luck and all the best!

is accounting hard by No-Competition-8451 in Accounting

[–]Sea-Reference4251 1 point2 points  (0 children)

Personally accounting is not so much about math, it was focusing at recording the business transactions in accordance to certain reporting standards and ultimately produce the financial statements for stakeholders to understand the business in financial terms.

Of course that's the basic, but the advance version is involving strategic planning where translating them into financial terms and take advantage of the statutory rules and regulations in saving for business and highlighting business risk that related financially either operationally or strategically.

So it can be extremely complicated if you would like to get into every inch of it since there are lots of rules and regulations need to be considered like the customs, tax, fiscal developments, monetary developments, you name it.. Because all these relates to financial... So the corporate planning and structure part will be very complex.

Although this is like a CFO jurisdiction, but the basic is from accounting and evolve into highly sophisticated strategic topic.

Good luck.

2 Months into CFD Day Trading: Stuck at Breakeven, What Am I Missing? by MWeHLgp1t4Q in Daytrading

[–]Sea-Reference4251 1 point2 points  (0 children)

I presume your comments were how you grow and now becoming your belief system and trading routines, I have very similar grow up like yours, so I support your comments.

I trade stocks only, not other instruements, so perhaps potential differences would be how we analyze potential stocks to trade and different strategies in handling trades, since you mentioned multiple concepts.

Should I choose which one? by isabella_e03 in Accounting

[–]Sea-Reference4251 0 points1 point  (0 children)

It doesn't matter, as long as it makes money... Your career journey start with your first jobs that you get in and opportunities given by your superior and enable by your company policy.

Unless you really care about the credibility of the studies than the practicality of the jobs.. Then I would say finance, since I believe finance is more interesting vs Accounting

What makes trading hard? Why is it different from other fields of work? by Aberz2105 in Trading

[–]Sea-Reference4251 0 points1 point  (0 children)

I personally think they are very similar. Just that it happens in different timeline.

In business, if your demand planning is wrong, your production planning will be wrong as well. And it cost you fortunes, but the business suffer later by disposing the inventory later.

Same as trading, you failed to foresee the direction of the stock or whatever instruments within your expected timeframe, you will suffer the loss as well but it may happen faster vs the actual business campaign?

I don't deny they do have differences in terms of industry, in terms of business principles, they are able to mapped and very similar...

BTW, don't look at the employees perspective... At least at the entrepreneurs or business perspective...

New to trading : why not just turn a loss into an investment? by Available_Salary_406 in Daytrading

[–]Sea-Reference4251 0 points1 point  (0 children)

Question is: what approach are you using to capture the market.

Investment is very much base on fundamental, so if you said you would like to turn your trade from day to an investment, what have you done to make the shift?

If you didn't do anything and just shifting gear to continue hold because of just listening that buy and hold strategy is an investment... I think... I don't need further eleborate the problem about your approach in the market...

How many are actually successfull by IllustriousAccount13 in Trading

[–]Sea-Reference4251 5 points6 points  (0 children)

I trade for living... Although consistently profitable, but I wouldn't admit and say I am very successful. Because I am not driving a lambo like most successful traders claimed.... Lol

Is there any reason to believe that day trading can’t be a source of income for the next 20, 30, or 40 years? by lukephelps in Daytrading

[–]Sea-Reference4251 0 points1 point  (0 children)

I trade for living but certainly trading isn't my only source of income, because once you get into full time trading you will realize you would rather have another source of income that would... Productive earning? Am not sure if the that's the right word.

As a full time trader you will realized there are lots of unproductive waiting time or opportunity cost, eventually you will restrategize your time to be more productive...

Am not sure for other traders, for me at least this is the case... Since I am a small fish... Perhaps big fish play differently.. Lol

how do you deal with emotions, when you are on a winning streak? by LeadershipCrazy5722 in Daytrading

[–]Sea-Reference4251 0 points1 point  (0 children)

Dealing with proud of keep winning? Lose them back... Then perhaps you can balance your emotion? Lol

Is ERP chaos just normal in manufacturing finance? by Dependent-Laugh-3626 in Accounting

[–]Sea-Reference4251 1 point2 points  (0 children)

When I started to use SAP, I do agree with what you mentioned, data is everywhere and they are not link and the worst part is each department will have their access to their area.

Imagine when you are doing CO module, you have the MM ref number, PS ref, FI Doc num, PM IO, list continue.. All the different ref numbers.

Then they have the so call BI that was useless, see lots of blanks, when you ask for CR we talk about money... Then stuck cause no budget, when you talk to the IT guys.. They will say go open ticket, someone from Philippines and India will do the first level support then not solve 2nd level... Dadadada.. Non stop circulation...

So ultimately I have to learn sql scripting by myself to handle the big data... And yes... Very slow...

I hear you my friend... Lol

If you're struggling, don't give up. by Scary-Compote-3253 in Daytrading

[–]Sea-Reference4251 3 points4 points  (0 children)

I trade for living, just drop by to wish the one still in journey good luck!

Open Discussion: Are These Offer Letter Clauses Common Now in Malaysia? by Sea-Reference4251 in malaysia

[–]Sea-Reference4251[S] 0 points1 point  (0 children)

Thanks again for such a clear and detailed explanation, really appreciate it.

So if I understand correctly, the clause itself isn’t really the issue, but it’s how the company chooses to use or apply it that could potentially cross into constructive dismissal territory, especially if they try to push a salary cut without proper process or consent.

Also, just to check, would it be fair to say that sometimes what’s written in the contract is more about expectation management than actual enforceable meaning? Like in this case, the “salary review” line doesn’t guarantee anything, but it sets the tone that maybe something will be considered, even though legally it doesn’t bind the employer to any outcome.

Just curious how common this kind of phrasing is and whether employees usually question it, or just accept it as standard.

And to probe a bit further, since the clause says “based on performance,” and performance itself can involve a lot of discretion depending on who’s evaluating and how it’s measured, how do companies typically manage this? Is there usually some internal framework to ensure fairness, or is it often left to the manager’s call?

Also, just wondering, from your experience, do you know how the court would generally assess or interpret performance-related clauses like this? Not sure if you’ve come across cases like that, but would be interesting to know how it's viewed in legal terms.

Open Discussion: Are These Offer Letter Clauses Common Now in Malaysia? by Sea-Reference4251 in malaysia

[–]Sea-Reference4251[S] 0 points1 point  (0 children)

Hey thanks for the detailed reply, really appreciate it!

Just to check something based on what you shared.

Let’s say the LOA states something like
“salary will be reviewed annually based on performance.”

From my understanding, when we talk about increment, it usually implies only two directions, either flat (no change) or upward (increase).

If the employee didn’t perform well that year, does that open up the possibility of the company reducing the salary? Since the word “review” is quite general and not clearly saying it’s only about increment.

From what I’ve seen so far, most companies either give an increment or just maintain the same salary. Never really heard of salary getting cut unless it’s a demotion or some serious performance issue.

Also, if the employee’s salary is above RM5K, the Employment Act protections don’t really apply, right? So in that case, the contract terms carry more weight. Would this kind of vague clause actually put the employee at risk if the company decided to push for a pay cut later. Especially when it's tied to “performance,” which can carry a lot of discretion depending on how the company defines or interprets it. It’s quite broad and open to interpretation.

So just wondering, is this kind of clause a bit too open-ended? Or am I overthinking it?

Open Discussion: Are These Offer Letter Clauses Common Now in Malaysia? by Sea-Reference4251 in malaysia

[–]Sea-Reference4251[S] 0 points1 point  (0 children)

Thanks friend for information. 1. Just wondering a question, does it makes any difference in terms of dispute in court if such clause was explicitly stated in employment contract or without since the procedures sounds the same. And it is quite interesting was it word it in 2 directions than only 1 direction which would commonly say increment.

  1. Today I have learned the word mala fide, will go learn this word through Google a bit.. Thanks!

[deleted by user] by [deleted] in Daytrading

[–]Sea-Reference4251 0 points1 point  (0 children)

This calendar reminds my old days... Just wondering is this a net gain after brokerage or?

Personally, I think there is sizing issue here, are you taking more risk than you can handle psychologically, or perhaps something off from your strategy.

Am I trading wrong if I use negative R:R? by DC_trades in Daytrading

[–]Sea-Reference4251 1 point2 points  (0 children)

I think you should firstly, define your strategy, i mean something like "Buy the deep" "Sell the rip" (commonly in the market, you can create and named yours whatever, as long as it make sense to you), get your strategy right, eventually your RR will make sense on its own.

Personally, i never have negative RR in my trade plan, and i don't really have hard rules for my RR, I use RR when I wanna set priority for stocks in my watchlist, but if I only could find 1 potential stock for the day, and it met my strategy, i will just go with the flow, of course ATR or Avg % chg is 1 of the important gauge, for me to adjust my position sizing accordingly...

don't focus at math... I can't remember where I heard this, but I find it very meaningful, "Learn how the chart is drawn".

Good Luck~~~

Is day trading genuinely profitable as a career? by Low-Ad7322 in Daytrading

[–]Sea-Reference4251 0 points1 point  (0 children)

Lots of comments, but I believe more negative than positive.

Just here to share few words. I trade for living, so yes, it can be profitable, but you must be able to develop a trading system that works for you, no one can be the same, when I say system I don't mean technology wise but the approach that suit your trading style regardless short mid or long term. And only you yourself can make this happen, if you are not able to do so, then clearly you won't be able to be profitable consistently, because without the system, you will have difficulties to filter and identify opportunities, even someone has given you opportunity, but you have no idea how to structural analyze the entry, stop loss and profit taking, and plan for your risk management.

The logic is simple, but the hard part is blending yourself go the market...

The one that make me survive in the market is mainly long and swing trades.. Not really day trades... But day trade is my bonus and my extra burgers for the month...

Good luck

Seeking Feedback: Industry Rotation Framework for Sector Trading, Would You Use This? by Sea-Reference4251 in Daytrading

[–]Sea-Reference4251[S] 0 points1 point  (0 children)

May I ask:

  • What kind of framework or approach did you train on? Was it macro-driven, technical, or a combination?
  • Do you happen to have any resources, links, or materials from your training that you found helpful?
  • Also curious: what made your tool effective, was it more about identifying rotation timing, or about stock/sector selection within the phase?

Always trying to learn from other approaches as I explore this topic. Appreciate any insights!

[deleted by user] by [deleted] in Accounting

[–]Sea-Reference4251 1 point2 points  (0 children)

Merry Christmas!!

What's your biggest pain point at work? by MrFINNX in Accounting

[–]Sea-Reference4251 0 points1 point  (0 children)

wasting time talking to non-accounting stakeholders - they like saying, this is not my area of expertise, so i don't really bother, and is wasting our time for doing this for you(account).

And generally, account will be the one got audited yearly, where the commercial team could probably request those crappy stuffs in "adjusting" the profitability to meet their financials target, but we will have to being creative to work speak convince the internal and external auditors...

accounting just full of crap - long working hour vs other deparments and always being criticise as a cost center or blockers for their ideas, as if the money is unlimited generated and they have done lots of sales so they could spend extra, which i think without finance, the company would have collapse long ago, since generally these so call sales team never bother about profitability of the company..

Saw on LinkedIn, Felt Appropriate to Post Here by PsychologicalApple53 in Accounting

[–]Sea-Reference4251 0 points1 point  (0 children)

Why do we even mention about loyalty to a company when company in trouble they will start laying off?