Monday, October 13, 2008


20081013 A sea of green across the world equity markets today, in optimism on the Eurozone leader's action plan to cure the financial system woes. Some notable quotes "When it looks like the end of the world, IT ISN'T" A fellow trader asked me today on how the markets would go, the reply: "You will see the mother of all technical rebounds today...." I am not much of an experts/guru guy, but there was this expert on Bloomberg TV tonight saying, "This could end up being the buying opportunity (equities) for a generation." The anchor said that this move was a 9.5 standard deviation move downwards, the odds of which were the same as winning the lottery twice or being hit by an asteroid falling from outer space....

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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