Saturday, April 11, 2009

The right way to trade..... forget it, you are deluding yourself


Daily FKLI futures

2 min FKLI
Human beings are ego-driven, they tend to think highly of themselves and criticize others. So if you are a trader pouring cold water on how others approach the markets, read this very apt blog post: The Jazz Trader.... Otherwise you will find yourself a megalomaniac, which is defined as a "Psychological egotist" in the Google search... There is no right or wrong way to trade, only what works or not, resulting in a net profit over net loss minus expenses being positive in the end. Always remember trading is not about one style fits all....

Oh ya, note the updated 2 min chart into the close on Friday on the FKLI futures.... Bigger picture, are we going to see the FKLI futures follow Genting Bhd and hit its 200 ema on the daily chart? Time will tell....

0 Comments:

Post a Comment

<< Home


"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

fcpo.blogspot.com


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