Tuesday, December 11, 2012

They finally come to their senses to reduce the margin requirements.

Previously it was just plain common sense that at RM7,000 per contract FCPO, this represented a move of 280 ticks, whereas at the price of 2300, a 10% limit move would be 230 ticks either way. Doesn't take rocket science to realise this .... but still it took so long.

Now when will they realise they need to reduce the exchange fee. Why is the exchange fee for the index futures RM5 per contract with cpo at RM2.50? Trying to squeeze water from a rock.(a small one at that)

One needs to be bold, 2013 why not try with exchange fee at 2.50? Volume is so paltry anyway...

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"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

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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