Tuesday, June 12, 2007


20070612 1800. FKLI has been range bound and tough for trading past couple days. Why? Because the action has been in the crude palm oil futures, which has crashed.... More civilized would be 'reversion to the mean'. But trade on Bursamalaysia suffers from a lack of participants, with people going to the markets where there is movement, like now from FKLI to FCPO. We need to expand the trader base via DMA. (Direct Market Access) Trade in the FKLI is also confined to finite same groups of players, with local institutions notably absent. DMA might open up the door to this segment of the market to add depth and liquidity to the futures market.

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"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 Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system