Friday, October 15, 2010

Metamorphosis of Bursamalaysia futures trader




At the top of the food chain are the pack of sharks, the insiders, fund managers or those who can manipulate the relevant figures. Then comes the piranha, the local participants who just want their pound of flesh from the market. The fat little pigs are the retail traders who have had their 'eureka' moment and can survive and make some $ from the market. The beginning and struggling 'ikan bilis' (anchovies) are the small fry who...., well you can guess their function as the lowest in the food chain.


The anchovies provide food for the sharks, piranha and fat pigs. Sharks, being on top of the food chain can devour all below them, but.... they don't have it their own way, as sometimes the piranha can devour the sharks in certain market conditions. The pigs as the saying goes "Bulls and bears get fed, and pigs get slaughtered".(from the movie Wall St) The challenge for the pigs are to maintain their own system and be disciplined to stick with the trading system, else be fodder for the piranha and sharks.

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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