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
Thursday, June 30, 2011
Federer out of Wimbledon
An amazing comeback from 2 sets down to win in 5, "Ale, Ale, Ale"
Wednesday, June 29, 2011
Tuesday, June 28, 2011
Algo gone mad
Monday, June 27, 2011
Maria Sharapova will meet China's Peng Shuai in the round of 16.... With Li Na out, Peng carries China's hopes.
Saturday, June 25, 2011
Discipline, discipline, discipline. Lose this and we could be like these two.... lost it all and down and out. Nick Leeson (Barings) and Jerome Kerviel (Soc Gen), oh and they exhibited the 'cocky' trait and thought they were the 'elite 5%' of traders. There was also the fkli trader, who made RM3m form almost nothing in 2 years, then lost it all in 6 months....
One must always keep in mind, "We are one trade away from joining the exclusive club above of world's worst traders"
Friday, June 24, 2011
Thursday, June 23, 2011
Wednesday, June 22, 2011
Tuesday, June 21, 2011
apocalypse (as the analysts put it) of the Greek default that most panicked and sold or shorted everything in their possession. 5 min NQ futures rallies 31 points right now, so I guess it's Greek tragedy no more....
the bulish daily candle (last Friday), at least one wouldn't have done any heavy shorting. The cofirmation was when I spoke to two top traders from the firm (locals) this lunchtime, both of which were extremely BEARISH, citing targets of 2800 and 3070 for fcpo.... When everybody is short, who is going to sell further?
Monday, June 20, 2011
Rory McIlroy of Northern Ireland became the youngest champion of the US Open golf in 88 years. He blitzed the field to win by 8 shots with a 17 under par score. Well done.
Friday, June 17, 2011
Thursday, June 16, 2011
Greek debt default, fears of another Lehman style crisis
The markets are made of humans, they seem to think that 20,000 Greeks protesting in the streets of Athens are representative of the population 11.3 million in Greece. That is they way it goes, the market participants are basically majority over emotional. Hence 95% of them lose in the markets.
Game II: State of Origin
NSW beat Queensland 18-8 to set up the decider game III at Suncorp stadium on July 6...
Wednesday, June 15, 2011
Tuesday, June 14, 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