Any Day Traders in Chiang Mai?

[wisemonkey]

Hi, I am a day trader, mainly trading bond futures, wondering if anyone else in Chiang Mai community is in the same profession? Would be good to be able to have a few beers after stressful day with a fellow participant

[wisemonkey]

Surprising, with it being one of the few jobs that you can do from anywhere in the world if you have a computer and internet thought there would be a few traders out in Chiang Mai, might have to hunt down Marc Faber for some market talk!

[NancyL]

I know several, but they keep quiet about what they're doing, because it's under the radar. Also, they're doing their trading on the U.S. markets, which means that by the time they're ready to stop work for the day, usually they're not up for going out to unwind.

[wisemonkey]

I know several, but they keep quiet about what they're doing, because it's under the radar. Also, they're doing their trading on the U.S. markets, which means that by the time they're ready to stop work for the day, usually they're not up for going out to unwind.

Fair enough, if any are out and about and want to talk shop give me a PM. Thailand is a great timezone to be in for trading, you can start trading around lunch time for the asia session, then get the open of the european markets in the arvo and the open of the US markets around 8pm. Back in Aus if I wanted to trade US session I was up till 2 am, was brutal, a lot more relaxed here.

[eyecatcher]

There is a forum on TV all about business and trading ; you may need to delve and be invited in as i thibk its a private group.....actually I know its a private group.

I play the LSE daily and being able to read RNS at 1pm certainly beats 7am !

[dingdongrb]

I know several, but they keep quiet about what they're doing, because it's under the radar. Also, they're doing their trading on the U.S. markets, which means that by the time they're ready to stop work for the day, usually they're not up for going out to unwind.

Fair enough, if any are out and about and want to talk shop give me a PM. Thailand is a great timezone to be in for trading, you can start trading around lunch time for the asia session, then get the open of the european markets in the arvo and the open of the US markets around 8pm. Back in Aus if I wanted to trade US session I was up till 2 am, was brutal, a lot more relaxed here.

But trading here in Thailand on the US Market isn't one up until 3am? I mean some of the best action occurs during power hour, right? And to top it off, it sux in the Fall/Winter months with trading on the US market due to the Daylight savings time change.....

[wisemonkey]

I know several, but they keep quiet about what they're doing, because it's under the radar. Also, they're doing their trading on the U.S. markets, which means that by the time they're ready to stop work for the day, usually they're not up for going out to unwind.

Fair enough, if any are out and about and want to talk shop give me a PM. Thailand is a great timezone to be in for trading, you can start trading around lunch time for the asia session, then get the open of the european markets in the arvo and the open of the US markets around 8pm. Back in Aus if I wanted to trade US session I was up till 2 am, was brutal, a lot more relaxed here.

But trading here in Thailand on the US Market isn't one up until 3am? I mean some of the best action occurs during power hour, right? And to top it off, it sux in the Fall/Winter months with trading on the US market due to the Daylight savings time change.....

The hour or power! lol I thought that was only a thing the guys at my old firm called it, basically the last hour of the US session (US Close). Its true that there are some good moves in this time period, but its not the only time there are good moves on the market, the open and closes of any markets generate movement, so we have the close of Australia + Asia, Open and Close of European Markets, and Open of US markets, all between 1pm-9pm thai time... so no shortage of action to trade. Not to mention the major announcments from the US are at 7.30 pm here, and will only change to 8.30pm when daylight savings kicks in. Definitely no shortage of action, I would say you get more action trading from this time zone than any other without having to do ridiculous hours, if you were in the US you would miss asia session and euro open...

[dingdongrb]

I know several, but they keep quiet about what they're doing, because it's under the radar. Also, they're doing their trading on the U.S. markets, which means that by the time they're ready to stop work for the day, usually they're not up for going out to unwind.

Fair enough, if any are out and about and want to talk shop give me a PM. Thailand is a great timezone to be in for trading, you can start trading around lunch time for the asia session, then get the open of the european markets in the arvo and the open of the US markets around 8pm. Back in Aus if I wanted to trade US session I was up till 2 am, was brutal, a lot more relaxed here.

But trading here in Thailand on the US Market isn't one up until 3am? I mean some of the best action occurs during power hour, right? And to top it off, it sux in the Fall/Winter months with trading on the US market due to the Daylight savings time change.....

The hour or power! lol I thought that was only a thing the guys at my old firm called it, basically the last hour of the US session (US Close). Its true that there are some good moves in this time period, but its not the only time there are good moves on the market, the open and closes of any markets generate movement, so we have the close of Australia + Asia, Open and Close of European Markets, and Open of US markets, all between 1pm-9pm thai time... so no shortage of action to trade. Not to mention the major announcments from the US are at 7.30 pm here, and will only change to 8.30pm when daylight savings kicks in. Definitely no shortage of action, I would say you get more action trading from this time zone than any other without having to do ridiculous hours, if you were in the US you would miss asia session and euro open...

Asian/European markets??? Which is the strongest market on the planet? and just to correct you, yes many PRs come out just before the opening bell but many others come a few hrs after the open as well as after closing.......

[wisemonkey]

Asian/European markets??? Which is the strongest market on the planet? and just to correct you, yes many PRs come out just before the opening bell but many others come a few hrs after the open as well as after closing.......

Strongest markets on the planet? How do you define strongest? And what does that have to do with trading? Absolutely nothing. Traders make money when markets move (volatility) not on 'strongest' whatever that means... mate Ive been doing this professionally for many many years, you trying to tell me that the US market is strongest so best to trade shows me you got no idea what you are talking about.

'And just to correct you' ... what are you correcting me on? you are not correcting anything I am saying, I am talking about economic data releases, not single company releases, talking about announcements that move the whole market (non farm pay rolls, building permits, trade balance, unemployment claims, ISM manufacting, retail sales, etc etc) market moving announcements... these announcements are all released 7.30 pm thai time, and will change to 8.30 wen daylight savings kicks in. None of these economic announcements whatsoever are released after the close.

[copa8]

Not living in Chiang Mai, heck not even in Thailand. Hope to one day, though. Now just visiting once every 1 or 2 years. I'm trading ES and CL.

[puukao]

i remember the bonds during the thai baht crisis!!!! 10s are pretty efficient, and that super long trend of lower yields will end in our lifetime. Anyhow, steepen up the curve through 2s, watch BABA do a rate lock in 5s and study the Philly Fed!!!!! I use the !!!! to signal humor.

wisemonkey, I wish i could chat more, but Bill Gross needs me to run PIMCO!!!!

i will sell some off-the-runs and wait until Goldie takes off their hedge!!!!

i am a clown....late.

[Konini]

We trade the Australian market but only the blue chip shares. If they're not in the top 10 by market capitalisation, we don't touch them. The top 10 have massive volumes of trades each day and are very jittery during the day. It's nothing for a BHP, NAB, or CBA to go down as much as 1% on opening 30 minutes, regain and return to break even, then go up as much as 1% before quietly slipping back and ending the day either flat or up or down by a cent or two. At 100k a time, that can be up to $2,000 gain, with brokerage fees being about $120-$130 each way, $1,750-ish isn't a bad day's work.

Of course that doesn't happen every day, sometimes you have to hold the shares for a week or two before you can make a gain, but it happens often enough to keep us on the very side of comfortable financially, and you just know that they are going to get back there in a short period of time. If the worst happens and the market goes caca, we have absolutely no worries at all because we're in solid blue chips that will continue to pay dividends if we're landed with them for a few weeks or even months. After a market correction, the blue chips are always the ones to reach their previous level first, and in the meantime they pay dividends. Holding them for more than 45 days in Australia means if the dividends are tax paid, which almost all of them are, you get a dividend imputation or franking credit which is the tax at corporate tax rate of 30%, which increases your dividend by a third. Complicated, but a very good explanation of how it works is here.

As well as the day or week trading, we also actively chase dividends in the top 10 companies. Starting about 4 weeks before the dividend recording date, we watch them very closely. If they have a bit of bad news for the market and have a fall of more than 1 %, which they almost always do, we sell what we're holding or use the cash reserve to buy them, then sit back and wait. Almost always they have regained the loss and made up more which is a good capital gain in itself, and we have the benefit of the dividend as well. Whatever the dividend payment is, that usually is the amount that they go down the day they go ex-dividend, but as we bought them after a bit of a judder, we're often still ahead on the capital gain. We can then have the double whammy of capital gain and dividend and if they fall by more or we just decide to keep holding them for a total of 45 days because there's nothing else worth buying, we also get the 30% franking credit. More often than not, we'll let the money sit in a stock because it may as well be there waiting for some good news coming out and them gaining significantly rather than sitting in the bank. When another of the ones we're trading in has a juddery day, we might sell them and buy into the stock that has had the bad news that day, especially good if their dividend is due in the near future. Sometimes, it's worth taking a hit on the capital gain if you get the franking credit and one of the others has a really bad day making them worth the loss to take advantage of their fall.

It all works very well, it's a bit of a game. In the last few years I've gradually let my husband take over and make the buy/sell decisions more as a hobby for him than anything else. He takes it all far more seriously than I ever did, and keeps himself occupied for long periods reading market reports and forecasts and keeping on top of economic data coming out. He still gets a bit excited when he has a 'win' I just treat it as a pure gamble, buy low sell high. A gamble but a very controlled gamble - only ever in the top 10 companies in Australia. It takes a bit of discipline to stick to that rule, but as long as we do we aren't really gambling, just playing with them, and all in the full knowledge that our money is as safe as it could ever be in solid blue chips or in the bank waiting to go into blue chips if there is a big fall on the markets, such as the financial crisis of 2008. We were locked into blue chips so we weren't worried, and it didn't take long for those shares we were holding at the time to come back, just a couple of months if I remember correctly.

Works for us. What more can I say? We'll never be billionaires, we just plod along, but we retired 7 years ago at the age of 43 and live a very comfortable life with virtually no risk.

[Happy Punter]

Hi there,

I am new to this forum. I am from Australia but based in Chiang Mai for at least 3 months each year. Probably don't consider myself a trader but an active investor living mainly of my investments. Certainly happy to catch up for a beer sometime if interested.

Cheers