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
Saturday, March 31, 2012
Tycoon arrests rock Hong Kong - CNN.com
Friday, March 30, 2012
Thursday, March 29, 2012
hystericals are worrying about the Spain budget....
"In all my 20 years in the market, there has not been any time when the market did not worry about something..." (20 year old stock veteran)
If you get yourself to fall into the trap the system, markets and so called expert opinions set, you will inevitably lose the battle \, war, dog , house and whatever worldly possessions that you have. One symptom is that everytime the market makes a decent move the reaction is to ask "Why? Spain? Greece? Portugal?" This is not a winner's mentality...
Welcome To CIMB Clicks
Cimb offers securities trading at up to 0,0388%. If the clearing fee that goes to the exchange comes to approx 0,13%; isn't it untenable that the broker share is smaller than the exchange? The same situation exists in the derivatives market. Bursa takes too big share of the pie, time to reduce, Bursa???
Tuesday, March 27, 2012
Tiger re-establishes himself as winning force at Bay Hill - PGATOUR.COM
Report: Manchester United v Fulham - Barclays Premier League - ESPN Soccernet
Sunday, March 25, 2012
Report: Stoke City v Manchester City - Barclays Premier League - ESPN Soccernet
Friday, March 23, 2012
Every successful trader has a written trade plan. Most unsuccessful traders do not"
No dabbling in Metronic, AGlobal shares | theSundaily
No consistency in Bursa "Curbing of excessive speculation"... Now the tool is Moral Suasion".... Certain counters designate, others suddenly suspended. (Harvest, Compugt)
Thursday, March 22, 2012
Solar 15% Returns Lure Investments From Google to Buffett - Bloomberg
Report: Manchester City v Chelsea - Barclays Premier League - ESPN Soccernet
A comeback victory, EPL race still on...
Wednesday, March 21, 2012
Financial markets and the BS that pervades them
Salvatore in his post "Vellapan To the Markets",(Malaysia Finance Blogspot) one poignant comment is so true...
Human nature dictates the need to find a 'reason' when the market moves. Eg Market down on European Debt Worries, Stocks sell off on jitters over China economy, Erection coming, they will finish with their 'election fund' distribution so market sell down la... blah blah blah
When the market turns the technical indicators will show the way, for example the 9, 18 and 50 mov avg stacked on top of each other=bullish.
Man City boss Roberto Mancini praises Carlos Tevez for attitude - ESPN Soccernet
Tonight, crucial match for City....
Knicks Ready For Second Surge? « NBA.com | Hang Time Blog
Tuesday, March 20, 2012
Apple announces dividend US2.65 per quarter, yields 1.8%. So the share price is not that attractive for yield...
Monday, March 19, 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.?
Dr Alexander Elder always stated that the impediments to success of small traders is the fact that they are always swimming the tide. Before they can make money, they have to stand in line while the exchange takes their fee, then the broker gets the commission... Trading costs are a very real and significant part of trading, so the minimisation of costs is essential for success in trading.
FA Cup: Torres brace for Blues, Liverpool win - ESPN Soccernet
FA Cup, big teams through to semis...
Sunday, March 18, 2012
Live blog: Lewis Hamilton on pole | Fox Sports
McLarem looks to ne dominating the AustralianGP, could this be the trend this year?
Saturday, March 17, 2012
Classy Crows cruise to NAB Cup title | AFL | Fox Sports
Friday, March 16, 2012
Sachin Tendulkar's 100 - Celebrating a century of centuries | Cricket | Home | ESPN Cricinfo
ENVAIR, no follow through....
Report: Manchester City v Sporting Lisbon - UEFA Europa League - ESPN Soccernet
Wednesday, March 14, 2012
Gerrard hattrick in Merseyside Derby
Monday, March 12, 2012
NFCorp chief claims trial to four charges
My friend sent me an sms.... 'The market is down today due the NFC charges against the exec director'. All i can say is the market will go where it wants, all news and extraneius matters must "stash in the trash",
Chong Wei concedes walkover to Lin Dan
Report: Swansea City v Manchester City - Barclays Premier League - ESPN Soccernet
Savic error caused the defeat.
Chong Wei concedes walkover to Lin Dan
Sunday, March 11, 2012
Customers pre-ordering latest iPad will have to wait | Reuters
When you dole out $s for devices such as ipads etc bear in mind after six months it goes out of date, and you end up chasing the market...
World No. 1 edges Hyun-il despite below-par display
Lee chong wei will attempt to win the All England title, the third on the trot. But... He has to overcomr his nemesis, Lin Dan...
Saturday, March 10, 2012
From Dr Alex Elder, reproduced here:
In recent weeks I've been talking to a friend who hit a wall in his trading and lost a lot of money this year. When I found out about his losses, I asked to see the records for one of his accounts. Two causes of his bad losing streak jumped at me from the spreadsheet he sent. First of all, he kept violating the 2% and the 6% money management rules. Second, he was very lax using stops, and I saw stocks in his account that he bought for 88 trading down at 49 and worse. Let us review his mistakes.
The 2% Rule forces you to limit your risk on any given trade to 2% of your account equity. Of course those of us who trade larger accounts tend risk a lot less than 2%, but this Rule sets the absolute maximum risk level.
For example, if you are trading a $200,000 account, you cannot risk more than $4,000 on any trade. Suppose you buy a stock at $30 and put a stop at $26 – your risk is $4 per share. Now you have to divide your total permitted risk, which is $4,000, by your risk per share, which is $4. $4,000 divided by $4 comes to 1,000 shares – the 2% Rule dictates your maximum position size. In practice, the number should be even lower to cover commissions and possible slippage.
The 6% Rule limits your maximum loss per month to 6% of your account equity. Taking that $200,000 account, if your equity dips to $188,000, you are forced to stop trading for the rest of the month and spend the remaining time re-examining your performance.
The 2% and 6% Rules put a dual safety net under your account. A person who does not have enough discipline to follow these rules is doomed in the markets. Violating these rules is like driving on the wrong side of the road. No matter how good a driver you think you are, one of these days you will have a face-to-face encounter with a cement truck, which is what happened to my friend.
Following the 2% and 6% Rules is a straightforward discipline issue – if you do not have it, you do not belong in the markets. Or perhaps you do – to provide winnings for those of us who follow the rules.
The second major issue in my friend's drama was not using stops. There are two main types of stops – I call them hard stops and soft stops. A hard stop is an order given to your broker – after buying that stock for $30 place a stop order to sell automatically if it dips to $26. Many professionals do not like using hard stops and prefer soft stops – they have a level in mind at which to bang out of their trade. A soft stop gives them the latitude to cut and run a little sooner or a little later, using their professional judgment.
A beginner trader has no choice but to use hard stops unless he wants to become shark food. Soft stops are very appealing because they give you more freedom. You can earn the right to use them only by proving that you have iron discipline and good judgment. You prove it by having at least one full year of successful trading with hard stops. The appeal of soft stops is that they sometimes allow you to sidestep whipsaws; the danger is that they allow you to delude yourself that your stock is about to reverse while it keeps going against you. My friend who lost all that money is a big fan of soft stops.
I felt very sad looking at his spreadsheet – is another good man going down the drain? After reviewing his records, I explained it was a life-or-death situation for him in terms of trading. To recover he must religiously observe the 2% and 6% Rules, as well as use only hard stops for the next year.
Money management and record "
Friday, March 09, 2012
Europa League: Athletic shock Manchester United - ESPN Soccernet
Thursday, March 08, 2012
Man City takes on Sporting Lisbon...
"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