FKLI Futures Trading - Bursamalaysia
This will chronicle trading in the FKLI & FCPO futures. If you don't like what you see/read in this blog, just surf away. These opinions are our personal opinions and just a record of our thoughts..."In evolution, it’s not the biggest, the fiercest nor the smartest that survive, it’s the one that changes the fastest.” I.e. the key word is to adapt the trading style to the markets, until it stops working
Thursday, May 31, 2007
Wednesday, May 30, 2007
China stocks dive 6% on stamp tax rise
20070530 Well, there are still optimists among the experts. Time will tell if they are foolhardy or very insightful with sixth sense to predict the bull will continue to charge ahead.(with 50 to 0X PEs on Chinese stocks)
China stocks stamp duty raised: The final nail?
20070530 The Chinese govrnment raised the stamp duty on stock market transactions. Wonder if the b.c.s. (boh chai si) crowd in Shanghai and Shenzen will defy this step and power their bull ahead. Previously, they ignored:
- warnings from 3 powerful people, Mr Li, Mr Greenspan and Mr Governor of Central Bank of China
- a few interest rate hikes, along with widening of yuan band
- raising the SRR many times by the central bank.
Tuesday, May 29, 2007
Monday, May 28, 2007
Friday, May 25, 2007
20070525 1715. FKLI goes on to make high of 1318, the last closing price of the day. Those long at the support level and holding for the day reap the rewards for patience.
Thursday, May 24, 2007
20070524 Alan Greenspan put a spanner in the works of the bull market by saying "It is clearly unsustainable, and there will be a contraction at some point", on the state of the Chinese stock market. This is nin line with the assertion in this blog.
Friday, May 18, 2007
20070518 1637. FKLI went on to hit high of 1357. Turns out the long was 'the one that got away'. Shaken out of a perfectly good long at 1347.5. The temptation is to blame the illiquidity of the market, that caused the sudden spike to 1344 before lunch, but that is a mistake inexperienced traders make, ie to blame other factors, when the crux of the matter is they did not stick to the trading plan, or let psychology get the better of them.
Thursday, May 17, 2007
Wednesday, May 16, 2007
20070516 Sime Darby has surged for the past few days, and yesterday Synergy Drive announce submission of its merger proposa l for SC approval. Insider Trading?
Tuesday, May 15, 2007
Monday, May 14, 2007
How is AIGB doing?
20070514 In January, we identified AIGB as the possible buy of the year (for astute individual investors anyway) Today there was some news report that its parent AMMB Holdings Bhd was looking to buy out the company, propelling it 4% higher. So the stock is travelling nicely.
Friday, May 11, 2007
Thursday, May 10, 2007
20070510 The Chinese stockmarkets are going to CRASH one day. When that will happen, depends on the forces of demand and supply. At the moment many economists and even China's central bank governor are warning that the market is getting overheated. If you look back in history, we see many examples of bubbles that parralel the current stock market craze in China:
- the 2nd Board mania in 1996 to 1997 in Malaysia KLSE.
- The Japanese stock market bubble in the 1990s-busted by an earthquake in Kobe
- the dot com boom in the US and the world in 2000.
- the Saidi market mania in 2006
- the super bull run in KLSE in 1993
- etc etc
Wednesday, May 09, 2007
Tuesday, May 08, 2007
20070508 1630. When the market goes 8 consecutive weeks in gains, conditions get overheated and ripe for this type of correction. Oh and yes, there was a confirmation of the strongest kind when my mother's friendly hairdressor was not an expert in stock trading.... I heard of this over the weekend. Anyway the levels today came in to short at 1342.5 and long at 1347.5. The short was triggered.
Monday, May 07, 2007
20070507 1703. Support and resistance analysis can aid in trading all timeframes. With the identification of a range and levels on the 60 min chart, taking a breakout trade on FKLI futures when the FBM100 breaks out proves fruitful.
"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore
THE END OF AN ERA
From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system