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
Friday, September 30, 2011
Thursday, September 29, 2011
Tuesday, September 27, 2011
Monday, September 26, 2011
"When it seems like the end of the world, it ain't..." emacro
"When the market seems irrational, you are missing something" George Kleinman
Sunday, September 25, 2011
All Blacks vistory over France, the World Cup is now a Northern v Southern hemisphere affair, with NZ, South Africa and Australia in one half of the draw, and England, Ireland, France etc in the other half...
In the NRL, a couple of shocks as NZ Warriors beat the Melbourne Storm, and Manly defeating Brisbane.
A plethora of other notable sports events:
Mark Cavendish, the sprint king became the first British to win the World Road Racing Championships since 2965.
Solheim Cup golf. European ladies retain the cup 15-13.
English Premier League, Man Utd dropped points by drawing 1-1 with Sunderland, while their rivals won.
Friday, September 23, 2011
"When it seems like it is the End of the World, it is not" emacro
Why would a sane person want the financial system to collapse anyway? The whole fabric of society as we know it will change for the worse. This last week idiots like Le Garde (IMF), Mohd El Arian (PIMPCO, they better stick with the prostitution business), the Federal Reserve join the ones calling for the system collapse... must have shorted heavily.
Thursday, September 22, 2011
Republicans and Democrats are at it again, fighting like dogs, so the US governemtn may shutdown without the funding bill. They caused the markets to tank again.... The US citizens should vote them all out and vote an independent candidate as President.
Wednesday, September 21, 2011
Tuesday, September 20, 2011
S&P cuts Italy credit rating. They just passed an austerity package, now they cut the rating in early hours of Asian trading. Basically underlies the fact that S&P are a bunch of assholes, expressing stupid untimely opinions and working for the syndicates.
These are the same ratings agencies who gave AAA rating to the CDO (Collaterised Debt Obligations) that were the root cause of the GFC, and the loss of many investors' funds as the CDO ended up worthless...
Monday, September 19, 2011
UBS rogue trader's loss now US2.3 billion
16 years old Lexi Thompson, youngest winner of an LPGA golf tournament....
Sunday, September 18, 2011
Broncos, Darren Lockyer kicked a 'golden point' field goal to beat St George Illawara and move on in the NRL Finals. What is more remarkable is he kept on playing despite a fractured cheek bone, after a collision with a teamate's knee.... Lockyer, the Queensland and Broncos legend is in his last season.... and is debatable if he can get up next week to play v Manly Warringah Sea Eagles... A tough sport, or a brutal one?
Saturday, September 17, 2011
Will be a chock a block weekend of sport. S Africa v Fini now in the rugby World Cup. Wallabies v Ireland (ouch! Ireland upset the Wallabies 15-9) later..... The Swans bowed out of the AFL finals, and West Coast vying to be the only non Melbourne team to progress v Carlton later (The Eagles continue on in the finals)... and as usual, go City in the EPL.
Friday, September 16, 2011
Rule no 12 from 'The Tao of Poker'
exciting, there's a good chance you may be playing it wrong.
One little- mentioned aspect of poker is that, when played correctly, it can be
slightly boring. Not boring in the usual sense of the word, but in the choice
of one's responses. These responses are pretty scripted. You get a certain
hand, you do a certain thing. Stray too far outside this predictable <<script>>
and the odds will tum against you. For this reason, if the game is
adventurous, chancy, and exciting, you may be playing it wrong. It's when
the game has a certain dreary predictability that you are beginning to play it
Poker is fun; winning at poker can sometimes be rather tedious.
<In everything the middie course is best; ah' things in excess bring troubie». Platus
Substitute the word Poker with Trading
Thursday, September 15, 2011
Negligence, bank talent
rogue traders' actions as the one today that UBS announced a US2bn loss on an unauthorised trade. If they are so talented to justify the high pay/bouses, how can they miss an unauthorised trade and let it run to 2 billion buckeroos of losses. Sack them, there are plenty of unemployed talent who are willing to work for less.
Meanwhile, words can move markets, the risk trade is back on today, sell gold, buy equities, sell US dollars:
"The ECB said it coordinated with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank to extend three-month loans to euro-area banks in an effort to ensure they have enough cash for the rest of the year. The announcement added to optimism that policy makers were containing the European sovereign debt crisis after the leaders of France and Germany yesterday confirmed they will support Greece’s continued participation in the shared euro currency. "
A few comments:
1 In any market participation, leave excitement at the door. Look at objective technical indications for market direction
2 We better hope the world financial and fiat money system holds and NEVER collapse. If it does any profits from markets either on the bull or bear side, will be worth only the deposit insurance from the govt, the rest only fit to use as hell money. Oh and if you buy physical gold or have bought, better get some weapon to defend it.
"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