Monday, April 30, 2012

Trading FKLI/FCPO online

If you are a beginner trader/small player in FKLI/FCPO, was told there is a firm offering a competitive rate for day trade futures. The condition is for the trades to be done online through jtrader. The optimum volume per month to make this cost effective is for only 50 contracts FCPO per month or 25 FKLI per month, where the comm for day trade works out to be RM5 per side.
This is a good account to use to start the business of speculation in futures. One will get a good rate, while not be 'forced' to overtrade.(some firms are fixated on volume of 1000 per month)In this business, overtrading is a sure way to disaster.... Contact me on any interest:

Sunday, April 29, 2012

Swans stun Hawks to stay unbeaten | AFL | Fox Sports

Saturday, April 28, 2012

West Indies v Australia, 3rd Test, Roseau: Clarke takes five in 75-run victory | West Indies v Australia, 3rd Test, Roseau, 5th day Report | Cricket News | ESPN Cricinfo

Michael Clarke takes fivr wickets in Aussie Test win...

LIVE Bersih 3.0 Rally Malaysia | Berita Semasa

Good on Ya!

The idiots that defied the court order must be nincompoop brained or part of 'planted' subversive element...

FKLI daily, below the 50 sma...

Friday, April 27, 2012

EPL Derby Preview: Manchester City v Manchester United

Was talking to a trader in the other room. Basically there is another trader sharing the same space who incessantly swear or cheer the market's every tick move. She basically says the other trader is inconsiderate and hold no regard to other's. I agree, it is akin to ASSHOLE behaviour...

Thursday, April 26, 2012

Share prices close lower on weak sentiments | theSundaily

The KL market "doesn't go up as the global markets, nor does it go down as much when they fall", in the words of a BFM 89.9 radio host. ?.


And it will be bayern Munich v Chelsea in the Champions League final... Real Madrid out. As in trading, those that are BIG do not always win...

Wednesday, April 25, 2012

Report: Barcelona v Chelsea - UEFA Champions League - ESPN Soccernet

Just like the markets, one cannot take the sure win mentality, no matter how big you are.... Well done Chelsea!

Tuesday, April 24, 2012

Who would be a full time trader?

This story of the rags to riches and then thumping back down to earth and rising from the depths of hell of a certain trader bears testament to the adage 'You are only as good as your LAST trade'.

The fortunes and mishaps this particular trader went through is reflected in the car he owned through this journey through the jungle of futures trading.... In this business one can make lots of $ and equally the market can take the $ away...

Proton Waja
Toyota Camry
Mercedes Benz CLS (2nd hand)
Proton Inspira (after selling the CLS to cover for losses)
Mercedes Benz E class (2nd hand too, spendig future profits I think)
Oh, and this infatuation with cars as an expression of wealth is a fool's game, as the cost of cars is inordinately expensive in this country due to the Proton protectionist auto policy.

20120424 FKLI futures 30 min, you can call it 'The Italian Job' (in keeping with Eurozone crisis theme), but the first seconds of trading after the open saw over 1,000 contrats traded in a 9 point range....

LPGA LOTTE Championship final notes and interviews | Professional Golfers | Tour Schedule, Leaderboard & News | LPGA

Monday, April 23, 2012

Gap closes to 3 points...



20120423 The Guppy Multiple Moving Averages (GMMA) shows the institutional investor's tracks. 5 min FKLI futures with the gmma....

Sunday, April 22, 2012

Gamecast: Manchester United v Everton - Barclays Premier League - ESPN Soccernet

And the blue team from Merseyside does a favour for the blue team from Manchester...

Friday, April 20, 2012

Rhythm of Love


20120420 UNISEM...

Europa League: Falcao stars for Atletico, Sporting stun Bilbao - ESPN Soccernet,-sporting-stun-bilbao?cc=4716

Thursday, April 19, 2012

U.S. stocks lower on tech earnings, Spanish debt worries; Dow down 0.63% By Forexpros,-spanish-debt-worries;-dow-down-0.63-232736

Report: Chelsea v Barcelona - UEFA Champions League - ESPN Soccernet

Chelsea v Barcelona: match preview - Telegraph

Tuesday, April 17, 2012

Part 1: What makes Winners and Losers

What separates the Winners and Losers in the market? Well, Stanley Kroll in his book Dragons and Bulls has a nice exposition. Will post a few insights.

Someone once said, 'The best way to make a small fortune in financial
speculation is to start with a large fortune.' It is unfortunate, but this
cynical quote is very true, because the vast majority of active specula-
tors, whether in stocks, currency, futures, options or derivatives end
up losing money. Let us examine why this is so, and what we can do
to position ourselves within the small, but winning minority.
In his memoirs, written in 1829, Bourriene recounts an incident in
which Napoleon was asked which troops he considered the best. 'Those
which are victorious, madame,' replied the emperor. I was reminded of
this incident while perusing some notes on the subject of winners and
losers in the investment arena. The Wall Street jamnal of 10 January
1983, printed a survey of 20 senior commodity specialists and their
best investment bets for the first half of 1983. Three points were given
to a first choice, two points to a second choice and one point was given
to a third choice. The ratings were totalled up and the results were
extremely enlightening.

0 Buy copper 18 points
0 Buy gold 16 points
0 Buy foreign currencies 1 5 points
0 Buy stock indexes 14.5 points
0 Buy cattle ~ 1 1 points
0 Buy silver 7.5 points
Some observations bear further consideration. First and most
obvious, all recommendations were on the buy side. Not suprisingly,
this proved a mistake since, of the top six selections, only two of them,
stock indexes and copper, advanced during the six-month period. Of
the remaining four selections, gold and foreign currencies were down,
and cattle and silver just managed a sideways move. And, while all
selections were biased to the long side, the few serious bull markets
for that year, com, soybeans, cocoa, cotton and sugar, were totally
overlooked by the experts. It is noteworthy that copper appears so
consistently on the list. Buy copper was also the second top selection in
the previous survey (second half of 1982) and was the first selection in
the first half of 1982 survey. The actual price action of copper, as well
as the composite decision was mediocre at best during this
year-and-a-half period. The copper market barely managed a broad
sideways move for the entire period: down during most of 1982 and up
during the first half of 1983.
The point of this exercise is to demonstrate how difficult it is, even
for experienced experts, to predict the course of futures prices a mere six
months ahead. The dismal record of these professionals should encour-
age serious speculators to note that the experts are frequently wrong
and that a good technical approach to investment and timing, coupled
with sound money management and a focus on trend following rather
than trend predicting, are really the recommended ways to operate for
optimum success.
There is a similar experience in the stock market between predic-
tions of experts and a random selection of stocks. The Wall Street
journal conducts an ongoing competition, every six months, between
two groups of 'analysts': firstly a panel of expert analysts and brokers
and secondly the 'Dart Throwers,' a group of T/Je Wall Street journal
staffers who randomly throw darts at the journal price page, and 'select'
whichever stocks are hit. One would think that the 'professional
experts' would consistently beat the 'dart throwers,' and by a very wide
margin. But, that just hasn't been the case. Over a period of several
years, the 'experts' have been ahead of the 'dart throwers'; but only by
a narrow margin, at best.

Accordingly, a thoughtful student of financial markets should ask
the question: why are the experts so often wrong and why do so many
traders lose money at speculation? The answers may be circuitous and
are often difficult to pin down. However, it may be constructive to
reflect on what I call, the 'speculators' laments.'
With the exception of my 1975 to 1980 sabbatical, I have spent
most of the past 34 years in a quiet, secluded office, either in Wall
Street, upstate New York or aboard a large motor yacht, with trading
monitor, phones, technical studies and other accoutrements. Consis-
tently, my principal focus has been trying to make big profits on my
favourable positions and to avoid taking big losses on my adverse ones.
I have invariably played a lone hand, and very much by choice, having
learned the benefits of operating independently early on as a Merrill
Lynch account executive in New York in the 19605. The lesson that I
learned was this: it is not constructive to share trading ideas and market opinions with others, regardless of their opinions or presumed expertise.
The universal truth on Wall Street is: ‘Those that know don't tell; those
that tell- dct know.‘
Over the ensuing years, I've occasionally had the opportunity to
lecture or teach courses on speculation. My presentations have generally
focused on market strategy, tactics and money management, rather
than on specific market tips on what and where to buy or sell. Perhaps
the most memorable of these events was a series of trading seminars I
conducted in New York, Chicago, Miami, Los Angeles and Dallas on
successive weekends. Attendees ranged in age from 19 to 86, with
several husband and wife and father and son teams among the
participants. The level of experience ranged from total neophyte all the
way to experienced professional trader. In the course of the sessions, I
managed to ask a lot of questions and the responses were particularly
I discovered a surprising commonality of experiences among the
several hundred attendees. And what I refer to as their ‘speculators’
laments’ really weren't all that different between the novices and the
experienced professionals, although the professionals were understand-
ably reluctant to admit to them. Perhaps ‘the frustration most
common to all was: ‘I watch while the market moves in the direction
of my analysis, and finally when I enter a position, prices abruptly
reverse and move in the opposite direction.’ It should be consoling to
know that all traders feel the same frustration at one time or another.
It is, however, primarily a consequence of poor timing and tactics,
rather than a ‘plot’ by other traders to gain the upper hand in the


Monday, April 16, 2012

The machines are coming

When Bursa opens up the system to these algos, humans will become redundant?

Like father like son, Rosberg wins Chinese GP.

Saturday, April 14, 2012

City puts pressure on.

Andy Carroll sinks Everton out of FA Cup, Liverpool on track for Cup double...

Tim Cahill's Everton takes the lead...

Daily FKLI, FCPO futures

Friday, April 13, 2012

"Once a dealer (trader), always a dealer (trader)"

"He has no ego whatsoever. If he's wrong, he knows he is wrong and will cut out... and say 'I've had enough, I am not going to beat the market.' And he is there to work for the bank(make $), and ot for his ego, that is why he is so good."

As a Local Participant, they trade for small margins with bigger volumes.
Contact Bursamalaysia.

Thursday, April 12, 2012

Title race alive as Wigan beat United

Wednesday, April 11, 2012

Man City boss Roberto Mancini: Title race not over yet - ESPN Soccernet

Mission impossible...

Powerful earthquake hits Indonesia coast –

Felt the tremors....but apparently most were oblivious, only two other people on the street we saw experienced it..

Tuesday, April 10, 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 Manchester City FCl Crude Palm Oil


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
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system