Gold Retail Strategy

Minimum S$2,000 for CFDs, but S$5,000-10,000 is more comfortable for proper position sizing. Start with the minimum to learn, then add capital after proving consistency.

Yes! The retail strategy is designed for part-time trading. Check charts morning and evening (30-60 min total), set alerts, and trade the London/US sessions (7-11 PM SGT) when possible.

Common reasons: Risking too much per trade, no stop-losses, emotional trading, overtrading, and fighting the trend. Follow the 1% rule, always use stops, and only trade when all 3 checks pass.

Typically 1-2 years to become consistently profitable. Year 1 is about learning and minimizing losses. Focus on the process, not quick profits. Trading is a skill that takes time to develop.

Be very careful with leverage. It amplifies losses as much as gains. With the 1% rule and proper position sizing, leverage shouldn't matter much. Many successful retail traders use minimal leverage.

Focus on quality over quantity. Wait for all 3 checks to pass. Trade with the trend (not against). Use higher timeframes (4H instead of 15min). Trade during active sessions. Patience is key.

Only after a proven track record (3-6 months consistently profitable). Increase gradually (from 1% to 1.25%, then 1.5%). Never increase to recover from losses.

They're normal. After 3 consecutive losses, stop for the day. After 5% drawdown, reduce risk to 0.5%. After 10% drawdown, take a break and review everything. Never revenge trade.

Master gold first (6-12 months). Adding too many instruments spreads your attention thin. Once consistently profitable with gold, gradually add silver, then forex, etc.

Essential. It's the only way to identify patterns in your trading, learn from mistakes, and track improvement. Review weekly. Without a journal, you're likely repeating the same errors.

Track metrics monthly: Win rate, average win/loss, profit factor. If these decline over 2-3 months, investigate. Markets change, and strategies need adjustment. Regular backtesting helps maintain edge.

Requirements: 2+ years profitable track record, 2 years living expenses saved PLUS trading capital, realistic income expectations, backup plan. Most successful retail traders keep day jobs - it reduces pressure.

Keep it simple: Weekly 5-min macro check (DXY trend, Fed stance, risk sentiment, inflation). Use fundamentals for directional bias, but always require technical confirmation for entries.

Huge. Technical skills are maybe 30% of success; Psychology is 70%. Develop emotional control, discipline, patience, and the ability to accept losses. Consider psychology books and even therapy/coaching.

Gradually. Increase capital in stages, not all at once. Larger capital means larger absolute dollar risk, which affects psychology. Some successful retail traders deliberately cap their account size.