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
Friday, November 30, 2012
Thursday, November 29, 2012
Ricky Ponting Quits Test Cricket
Gurus, experts, do they know better? Just need to waffle and pluck figures and draw conclusions and target prices out of the air like magicians. And like magicians, they are creating ILLUSIONS!!
They use jawboning as their means to earn a living. The broad definition of jawboning is:The use of spoken persuasion.
Wednesday, November 28, 2012
Tuesday, November 27, 2012
Monday, November 26, 2012
Trading is a journey ofself-discovery; success lies in understanding
who you are.
When trying to improve as a trader, most people look outward; but the only way to succeed is to look inward. We all have strengths and weaknesses, and being truthful about ourselves is the key to becoming a great trader. Who and what we are is not right or wrong, it is simply who we are. We have strengths and weaknesses, but how we manage them is essential to success in managing our trades.
Most traders trying to improve will first search out more gurus, better software, and new trading systems. They suffer from "if only" syndrome. If only I knew more, only I studied more, had better picks, more computer screens, or a better chat room--then I could get it right. They look everywhere but in the mirror.
When their trading doesn't improve, they move on to more information, another system, or another guru They will either run out of money or patience, or both. What most traders lack is ot information, but a deeper understanding of themselves and what they need to turn themselves into a
BELLS AND WHISTLES
If you can 't trade with price alone, indicators won't help you. Because of the new technology of computers and software, we are constantly barraged with vendors selling us the latest hot system of bells and whistles. Vendors do not trade stocks, they trade dreams. Their job is to sell you a
system of ﬂashing lights and buttons and convince you that you will be able to trade better and fulfill your dreams of riches. In truth, if you cannot trade with price, then indicators won't help you. Most indicators are based on price.
Price matters most above all things. Never trade off indicators alone. Price is the only truth you will ever find in the stock market. Price is where buyers and sellers all agree at the same time. Price is exactly what the stock is worth now. You may think it is worth more or less, but price is telling you what is really worth, whether you believe it or not. That is not to say it will remain at the same price, but traders must trade on what they see now, not what they hope to see in the fut
Dr Charles Schaap
Vettel secures 3rd Formula 1 title despite crash on 1st lap; Button wins Brazilian GP - Brandon Sun
Sunday, November 25, 2012
Higginbottom holds nerve to claim NZ Open
Saturday, November 24, 2012
Dow up 1.3%.
Formula 1 Brazilian Grand Prix Preview
Friday, November 23, 2012
Thursday, November 22, 2012
Rabobank: CPO prices to rebound next year | theSundaily
Champions League: Manchester City bow out, Arsenal progress - ESPN FC
Wednesday, November 21, 2012
Contrary to popular belief, fundamental news and expert opinions need to be taken with a grain of salt. These 'experts' don't know better, and one might suspect that they are really consistent, consistently wrong. They are consistently wrong due to their ludicous target prices, that entail huge risks to be taken for those trades. The result, before they make money, a swing in the market will wipe them off the position.
Tuesday, November 20, 2012
Monday, November 12, 2012
Sunday, November 11, 2012
Saturday, November 10, 2012
Friday, November 09, 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