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
Wednesday, November 30, 2011
S&P cuto credit ratings of US banks, machine gun rat a tat style, American Airlines (AMR) filed for bankruptcy Ch11...... but they raised China ICBC and Construction Bank ratings.... Maybe a chance to go long spot month FKLI futures if there is a significant discount?
Tuesday, November 29, 2011
It is not a casino
Likewise in trading, keep your emotions in check and treat it like a business...
The trade yesterday and today in the markets is 'risk on', Aussie, Euro and indices are rallying.... while palm oil is doing the opposite, what else is new?
In the words of market wizard Jim Rogers, "The ratings agencies are a joke". Now they failed to bankrupt the markets with single bank and country downgrades, they turn to mass downgrades bazooka style...
Monday, November 28, 2011
Liverpool 1-1 Manchester City
Saturday, November 26, 2011
"21. Trading the opinion of others (e.g. market direction)
This one is analogous to the previous mistake, except that now we're
talking about listening to the opinions of others with regards to the
direction of the market.
Remember, everyone has their own perspective. Your indicators and
information may be saying the market is bullish, when you hear someone
else say that they think the market is bearish.
Again, stick to your own information and indicators. It's okay to listen to
others, but filter the information before you act on it. Stick with what
The so called experts have a right to their opinion. If you ask me, they are more interested i the 'face' of having the right 'guru opinion' because they crave fame or are trying to impress in order to attract 'managed monty', thereby earning commission, management fee etc.
When commodities are rising, guru Jim Rogers will come out on Bloomberg and CNBC espousing his 'correctness' in predicting the commodities boom.
When the markets are tanking due to Eurozone debt concerns, GloomBoomDoom.com merchant Marc Faber will esouse his 'correctness' in prediction the crash in equity markets. More subscriptions to his report and more fees.
When equities tank on some 'event', Mark Mobius will espouse his view that 'buying stocks at good value', in order to get more manged money to earn more management fees for Tembleton...
Mancini's Manchester City bounce back against Kenny Dalglish's Liverpool side? David Silva and Luis Suarez are among the key players...
Friday, November 25, 2011
Thursday, November 24, 2011
Call up your friends at a ratings agency, to put out a something like this. Actually either you downgrade or not down grade, now they come out with another tool, news on 'may downgrade'.
Wednesday, November 23, 2011
Tuesday, November 22, 2011
Monday, November 21, 2011
Sunday, November 20, 2011
The USA team retains its grip on the President's Cup, being too good for the international team, 19-15 at Royal Melbourne Golf Course.
Friday, November 18, 2011
Thursday, November 17, 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