Tuesday, July 19, 2011

20110719 FKLI futures daily, today's candle seems to be a reversal? Closed at 1562 after bouncing off support at the longer term moving average... I was trying to find words to describe financial market participants (traders) in these days where say after Euro Banks stress tests, they acted as if the banks had already gone bankrupt and collapsed, so the crash nowadays is 1 to 2 days only, only to buy back in panic when they realise one da later those banks were still around. Basically Maniacal obsessive compulsive schzophrenic paranoia depressive bunch....

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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