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
Sunday, September 30, 2012
Saturday, September 29, 2012
Friday, September 28, 2012
Thursday, September 27, 2012
Wednesday, September 26, 2012
I was told that the margin for holding spread in cpo will increase by 25%. But the outright margin for futures on cpo remained unchanged.
Maybe:
1 Most of the OI is spread trading, and there are some (probably longs) under the kosh
2 The ones who long cpo futures outright, most probably are already sucker punched and cut loss
3 Most trade in 3rd month are probably day trade gambling
Tuesday, September 25, 2012
Labels: music
Labels: music
Monday, September 24, 2012
When the market makes a huge move such as in the fcpo futures today, many longs were caught off balance... the temptation would be to continue to add to the 'gamble' by averaging or 'holding on and hope the market comes back'.... It is good to remember to read this "Don't lose your shirt" (babypips.com)
"The 2% rule will protect you from being eaten by the sharks, while the 6% rule will protect you from the piranha frenzy" Dr Alexander Elder
Most Locals are gamblers. The 66 who remaining are very good (or lucky) gamblers. In fact I think the majority of the 40,000 accounts are losing ones, due to the gambling nature of the markets. As are the 62 inactive Local Participant accounts.
Sunday, September 23, 2012
Saturday, September 22, 2012
Friday, September 21, 2012
Thursday, September 20, 2012
Labels: music
Tuesday, September 18, 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
From Dragons and Bulls by Stanley Kroll
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system