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
Wednesday, January 31, 2007
20070131 It was mid August 2006, you identified Magnum corp as a potential 'buy', a cash generating gaming company (good news) with corporate governance issues (bad news). No analyst recommend buy on this company with 5 consecutive quarters of disappointing earnings. So you decide to enter on technical berakout, anywhere between Rm2.05 to 2.10. The price two days ago hit RM3.06, so you are now sitting to near 50% return. What do you do?
A Sell everything and lock in your profits
B Sell 1/2 the positin and let the remainder ride to stop at breakeven.
C Size up, Add On and double the position
D Do nothing, hang on for another 15% gain to eke out.
E Sit and wait.
Tuesday, January 30, 2007
20070130 0856 am. Since the break of the upper trend channel line resistance, KLCI has made nice rebound. FKLI follows suit, with a 20 pt move off last week's lows.
Friday, January 26, 2007
Thursday, January 25, 2007
Breathtaking performance by a selection of Bursamalaysia stocks, that silences critics of Bursa stock market
Wednesday, January 24, 2007
Tuesday, January 23, 2007
Friday, January 19, 2007
Wednesday, January 17, 2007
20070117 1025 am. This is the Bursamalaysia Derivatives page that displays the quotes for the varius contracts that trade on BMD. An excellent starting point for those who want to explore trading in futures. Whoever at BMD, that had the initiative to implement this web page should be commended. Note that the prices will be almost 'real time', although the page will have to be reloaded continuously.
Thursday, January 04, 2007
"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
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