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
Saturday, April 30, 2011
Man Utd v Arsenal
Friday, April 29, 2011
In trading, you own opinions will be your worst enemy, and others' opinions will be your next worse enemy....
Thursday, April 28, 2011
Wednesday, April 27, 2011
Anniversary of Chernobyl this week.... and the radiation leak is still 'active', so they had to now put another seal over the already concreted plant.
Meanwhile in Fukushima a level 7 (same as Chernobyl) and 30 km exclusion 'dead zone' saga is ongoing to prevent further radiation leakage. The radiation leakage is Cesium, having a haf ife of 30 years, meaning that dead zone could be for more than 30 years.
It is time to make the right decision and scrap the nuclear power plans for Malaysia. If they insist to go on with it then put it next to the PM's residence in Putrajaya. Nowhere is safe if there is s leakage.
Tuesday, April 26, 2011
Monday, April 25, 2011
Friday, April 22, 2011
yesterday's post, the downtrend for fkli and uptrend for fcpo finally reasserts, .... I actually overheard one of the big locals say to the other local, "I am short and won't be trading on the long side...", referencing the fcpo. That was yesterday evening after the close.
Thursday, April 21, 2011
Bloomberg TV is talking of the contagion fears in Europe
Wednesday, April 20, 2011
The Secret to Trend Trading
Tuesday, April 19, 2011
Monday, April 18, 2011
KLCI daily from Jupiter Sec Research
Sunday, April 17, 2011
Manchester City beat Man U 1-0 in the semi final of the FA Cup, with a Yaya Toure goal. Touche for City fans, but there were some sour grapes at the end of the match, I think is a result of the culture of Man U, players jtoo high and almighty heads in the sky syndrome...
The BN win in Sarawak State Elections retained the 2/3 majority, albeit with less seats, 55 compared to 62. Markets might gap down on Monday...
Saturday, April 16, 2011
Sarawak Elections 2011
Friday, April 15, 2011
Maybank Malaysian Open golf
Rory McIlroy is now in 2nd position in the second round. US Masters champion Charles Schwartzel from S Africa and World No 1 Martin Kaymer is in the field too. Notice how one cannot stay no 1 forever. There was a trader, who leased the seat to trade as a local made RM3m over 2 years trading the fkli futures.... too much arrogance and overspending plus failure of the 'using size to muscle the market' resulted in the trader now even trying to save on office rent by moving home and trade small. A fall from grace that befall many who thought they were stars.
If you look at golf, the dominant player of the last decade was Tiger Woods, being no 1 for many years.... now he is in decline, not having wo a tournament for over a ear... and ranking drops to no 5. As in sports, peak performers in trading, if they get cocky and arrogant, will decline into poor performers.
Thursday, April 14, 2011
Wednesday, April 13, 2011
"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