Thursday, May 23, 2013

A broker asked me about the crash of the Nikkei 225 of over 7% today. Basically traders/brokers the majority of them are short sighted, only focussing on the short term hacking away and slaving away for the exchange to look good with volume, hence are unable to make the big bucks.
 
The investors with the solid cash are the ones who will get richer while the short term focus will mire the majority of get rich quick traders into slaving the whole day for exchange KPI. Just like the solid businesses with the cash flow will get richer while the 'apong' businessmen 9 out of 10 will tapau.

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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