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, August 26, 2009
Tuesday, August 25, 2009
Monday, August 24, 2009
Friday, August 21, 2009
Thursday, August 20, 2009
Wednesday, August 19, 2009
Tuesday, August 18, 2009
Monday, August 17, 2009
Friday, August 14, 2009
So you want to be a trader and 'trade for a living'...
Marty Schwartz said it best in his book "Pit Bull".
“Feel free to use my tools, but don’t think that you can just pick them up and start making money. To make yourself into a skilled craftsman, you’ll have to find the tools that feel right to you, and use them over and over until you learn how they work, what they can do, and how to get the most out of them.”
To be successful, the process is akin to being an apprentice and gain from practice, one's skills in utilising the tools of one's trade.
Anyway, the 2 min chart of FkLI futures shows how the price action panned out.
Thursday, August 13, 2009
Wednesday, August 12, 2009
Tuesday, August 11, 2009
CME to take strategic stake in Bursamalaysia Derivatives.
News today that CME (Chicago Mercantile Exchange) will take an equity stake in Bursamalaysia Derivatives Bhd, and pave the way for derivatives products to be cross traded through the CME's Globex trading platform. If all goes well, some good things to look forward More on the strategic partnership.to.
Monday, August 10, 2009
Saturday, August 08, 2009
Friday, August 07, 2009
Thursday, August 06, 2009
Wednesday, August 05, 2009
20090805 231 Late at night, I am looking at the markets. This is the 5 min chart of the Dax index.... It looks like the correction may come soon. The price action on the index markets were of gap up then selling down occurs to fill the gap and then some. Some more signs are that speculative fever is gripping the Bursamalaysia market, with all sorts of 'sampah' stocks now rocketing up on 'news'.
Tuesday, August 04, 2009
"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