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
Tuesday, January 31, 2012
Monday, January 30, 2012
Sunday, January 29, 2012
Djokovic denies Nadal in epic final | Tennis | Fox Sports
Warched the first set, went out for dinner came back frw hours later and can catch the latter part of the final set....
FA Cup liverpool 2-1 man utd
Saturday, January 28, 2012
Azarenka steamrolls Sharapova | Tennis | Fox Sports
Friday, January 27, 2012
Thursday, January 26, 2012
Wednesday, January 25, 2012
Tuesday, January 24, 2012
Australia v India, 4th Test, Adelaide, 1st day: Ricky Ponting, Michael Clarke demoralise India again | Australia v India, 4th Test, Adelaide, 1st day Report | Cricket News | ESPN Cricinfo
The captain and former captain pummels India again.
Saturday, January 21, 2012
Thursday, January 19, 2012
chairman/CEO was on BFM ratio this week. Other points:
- company en route to Main Board this quarter
- cash pile of RM28 million, in a finacially strong position to weather margin compression
- limited number of shares with paid up 80 million shares
- The only ACE company to trade above its IPO price RM0.53 since listing.
- Institutional investors are begining to come in, LTAT now has a 7.7% stake
Unisem, the dog stock comes good at last. Tenaga, another shunned dog stock turns into gold? Ad you know what, through the 2012 January effect, most were doubters and skeptics, with a plethora of 'crash forecasts' due to 'concerns over the European debt crisis', the January 9 Anwar Ibrahim verdict blah blah blah.... Hence the saying "markets always climb the wall of worry". "Every dog has its day"
Wednesday, January 18, 2012
Actually, interested potential locals might want to try out being a local participant on BMD by taking this 'Chance of a Lifetime'.
Tuesday, January 10, 2012
Moved to new blog
Monday, January 09, 2012
Is trading as a 'Professinal' easy?
Poignant words, which to me means:
1 The odds are stacked against the trader from the outset.
2 Trading costs must be kept at as low a level as possible.
3 Don't overtrade. If you are subject to the pressure of a monthly volume quota, the odds are even more stacked against you, with forced trading just to make up the numbers.
Note that this is my personal opinion only.
Sunday, January 08, 2012
Man City 2-3 Man United
Saturday, January 07, 2012
Friday, January 06, 2012
Michael Clarke chips in with the wicket of Sachin Tendulkar, as the Aussies win the 2nd Test by an innings and 68 runs.
Tim Howard's goal
Thursday, January 05, 2012
ocal Participants entry liberalised.... but read the fine print....
"Local Participants can trade with their own funds and are not permitted to conduct trades on behalf of Clients. They will enjoy exchange and clearing fees rebate if they trade 1,000 contracts per month or more. Local Participants are registered with Bursa Malaysia Derivatives (BMD) and can trade in all BMD's products.?
If you don't trade 1,000 contracts per month, you WILL NOT enjoy the trading fee and scratch fee benefits, and any profits will be subject to income tax.(albeit at 50% exemption for the next 5 years), ie you are screwed. So, it is only for those who want to slave away and churn out volume every day..... So basically if you are a beginner and small trader, the exchange does not encourage you. They give 3 months 'promotion' though, to enjoy the fee discounts even if 1k not traded.
As John K puts it:
"You might as well trade as a retail client, no scratch trades but you do not pay income tax anyway"
innings of 329 by Australian Cricket captain Michael Clarke today in Sydney.
In 2012, I will not be posting to this blog. I will migrate to the parellel blog. Basically the exchange has increased the cost of trading to the small player(locals) making short term scalping unviable. (at least until 4 April 2012) For more info on access email: firstname.lastname@example.org, or use the Yahoo msgr. (basis is 'first come first served' there are only 45 spots left currently)
Well, we had dinner last night with John K, one of the largest volume locals since the KLOFFE was established. He has since given up being a local participant for a couple of years now., and is trading as a retail customer... some of his views later.
Tuesday, January 03, 2012
"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