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
Tuesday, April 30, 2013
Fundamentals or Technicals
� "I always laugh at people who say "I've never met a rich technician" I love that! Its such an arrogant, nonsensical response. I used fundamentals for 9 years and got rich as a technician" - Marty Schwartz.
Control the euphoria, if you find yourself cheering on the market as it moves in your favour or cursing the market as price moves against your position, you have lost it.
"If ever you need to ask someone else on market direction, or on whether to stay in a position, you should not be in the position or trading at all"
Sunday, April 28, 2013
Poignant words. We are in the midst of a bullish phase in equities, but the reality is that 99% of traders or the general are sidelined with not a single share of any stock. This resulted from a defeatist attitude of hunkering down for the Crisis of crisis ahead. Even top traders are missing out all having the wrong mindset brought about by an ego trip to satisfy some sort of void in their self esteem. Maybe it is due to churning volume day after day to satisfy the exchanges imposed volume quota to qualify for scratch and day trade rebates. They miss the wood for the trees.
To win without fighting is best. Sun Tzu
Friday, April 26, 2013
Last second mark down but the undeniable fact remains that the fbmklci closes at record high,
Every once in a while you get to see how big money is made, rest be assured those content to stay as jaguh kampung are left wallowing,
Thursday, April 25, 2013
Wednesday, April 24, 2013
Markets Plunge Briefly on Fake AP Terror Tweet - Yahoo! Finance
ESPNFC: Soccer Bayern grab baton from Barca
Tuesday, April 23, 2013
Monday, April 22, 2013
Sunday, April 21, 2013
Artistes at BN-linked events draw scorn - Malaysiakini
DAP not illegal, can use party symbol, assures ROS - Malaysiakini
So you want to be a full time trader
Many wanabes turn up at seminars, where the speakers are brokers or exchanges trying to replenish the cannon fodder stocks. Tneir objective is to get more to sign up for a lucrative career as Independent traders as members of the exchange.
The reality is masked. In the professional trader ranks, the attrition rate is 50%. It's more guns than roses.
Read the article onhow Marty Schwarz approach the career to get the better chance of success in the dog eat dog world of Local Participantship.
In particular, the need to trade to get a sizable grub stake of 292,000. "You need to develop a methodology that suits your personality". "I read widely on everything trading related. I am a synthesizer of useful concepts."
You see, when the broker points to some successful trader who clear trades with their firm, he is trying to impress you to sign up, stating stuff like how that guy made into the millionaire ranks through trading futures. In fact the broker is propagating bullshit. The way to success is to know YOURSELF, get the methodology that suits your personality. Have a good enough 'grub stake' so that the pressures of fear and greed don't pound your account to zero.
Saturday, April 20, 2013
Friday, April 19, 2013
Thursday, April 18, 2013
Wednesday, April 17, 2013
Tuesday, April 16, 2013
Monday, April 15, 2013
"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