Thursday, October 31, 2013

NQ futures 5 min

KSENG, if you ever doubted that this was a good bull market...

Puncak Niaga....
Was asked by a futures this morning on "any tips of stock to buy?"
Futures traders don't make good stock investors. First of all, they don't have the capital, they are in the futures market "full time" to try to make an income from 'active' trading of the futures market. Yes, this is indeed possible for the MINORITY of those who want to enter the leveraged market. They can start with a small sum and if the gamble pays off can make an income from the market and over time a small stake.
However, successful stock investing requires capital, peserverance, ability to stay the course and not be shaken out by 'market crisis', which the futures traders (Local Participants) do not have. A slightest move in price makes them jumpy and afraid of their own shadow and they 'bail out'.
There you have it. Trading as a Local Participant can make an income, but you cnanot get wealthy from it unless you are the lucky minority...

Wednesday, October 30, 2013

MJPERAK, another one of those dog counters that are moving up, time to GTFO!

Tuesday, October 29, 2013

Monday, October 28, 2013

Stanley Kroll on what separates the Winners from the Losers in the market:
""Analyse your markets and lay out your strategy and tactical moves in advance, and in privacy. Don't ask anyone's advice, and that includes' brokerage advisories, tips and even well-intentioned market gossip. And, don't offer your advice to anyone else. You shouldn't care if Shearson is buying ABC or if Salomon is selling XYZ. You should stick to your objective analysis and market projection based on whichever method or technique has proven viable for you; and you should revise that strategy only on the basis of pragmatic and objective technical evidence. Such evidence could be a signal from your chart analysis, your computer system or from the margin department, which reminds you that your position has moved adversely and that your account has become undermargined.

In short, if you make money in your trading, stand up and accept the accolades and the financial rewards. But if you lose money, you alone should accept the responsibility. You must have confidence to trade in the marker, because the most serious 'loss' of all is the 'loss' of
confidence in your ability to trade independently and successfully. If you don't have that confidence, you probably shouldn't be making any trades, except to close out adverse positions to limit your loss exposure. The list of speculators' laments goes on, but they all seem generally
related to carelessness or poor trade timing, misjudgement of the market trend, ignorance of the basic tenets of sound strategy, or lack of self-confidence and discipline. Serious introspection suggests this thesis: a sound strategy, viable tactics and good money management, and
consistent risk control are even more important to overall success than a good technical or charting method."
Amateur traders treat it like a high roller game of tiger poker machines, a reicpe for disaster..

Eurostoxx 50 futures Weekly

It wasn't that long ago that armageddon was hitting Europe, which was going to plunge the whole of Europe into economic oblivion in an End of the World type catastrophic collapse of biblical proportions. The experts are mostly wrong....
Those who know don't tell, those who tell don't know.

Sunday, October 27, 2013


Saturday, October 26, 2013

Is the KLCI in a bull market? To me, it has been a bull since the bottom in 2009

It is not how much you trade, it is the result that matters...

Having to trade to meet a volume quota is stupid, because the focus is on volume, not on making profits.

Jesse Livermore said

"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."

Jesse Livermore referring to Partridge

"The money is made in sitting, not in the trading"

Friday, October 25, 2013

Thursday, October 24, 2013

If memory serves me right, this will be the all time closing level high for the FKLI index futures...

Wednesday, October 23, 2013

5 in Nikkei 225 futures

XDL, coming back to roost...

Basic strategy (a) In a major downtrend: sell on minor trend rallies into overhead resistance or against a strong down trendline, or on a45% to 55% rally (or the third to fifth day of the rally) from the recent reaction bottom.(b) In a major uptrend,: buy on minor trend reactions into support or against a strong up trendline, or On a 45% to 55% reaction (or the third to fifth day of the reaction) from the recent rally high. In this regard, it is imperative to note that, if you misread or choose to ignore the trend of the market, and are buying against an entrenched bear market or selling against anentrenched bull market, you are likely to spill lots of red ink, and feel pretty silly, as well.3. Your with-the-trend position could result in a big favourable move, so you should try to remain aboard for the ride. By premising that every with-the-trend position could result in the big move, you will be encouraged to resist the many temptations to trade for the minor swings, or to scalp against-the-trend trades.4. Once the position is going your way and the favourable trend has been confirmed by your technical analysis, you can add to the position (pyramid) under specific conditions, as noted in Chapters 11I and 15.5. Maintain your position until you are stopped out, and your trend analysis indicates that the trend has reversed. At that point, if you have been attentive to the market, you should be positioned for the newly formed trend

Tuesday, October 22, 2013

Monday, October 21, 2013

What makes a good trader? Well, it is basically subjective. There was this 'good trader', who held the view the market was bearish, kept shorting every day, last Thursday mde '20 poits' per contract from shorting, but then again, no mention of how much he lost on the days the market did not tetreat...

Friday, October 18, 2013

Msia Airport, going parabolic....

Thursday, October 17, 2013

Malaysia Airport, another in the line of super stocks...

Public Bank, another super stock....

Wednesday, October 16, 2013

Well, the industry focussed on gurus' forecasts, in this case the guru forecast 2,000 by Jan 2014. Wy does the industry treat these experts like Gods, revering them, harping on their every word at Palm Oil Conference. I think these are just bullshitters, trying to just 'forecast' and if they get it right, all the suckers will follow their every forecast, until they get burnt. Remember this fellow named Ivan Wong?

Anyway if one follow this particular forecast, in a leveraged instrument such as cpo futures it's a case of "Before you make money, the market already forces you out by taking out all yo0r margins"

"Those who know don't talk, those who talk don't know"

Monday, October 14, 2013

Market | Bursa Malaysia Market

It used to be that this bursa screen was almost real time, dunno which bureaucrat working there made the smart alec decision to make the quotes 'delayed' and practically useless....

Saturday, October 12, 2013

Friday, October 11, 2013

Msia Airport, I guess it's a case of chalking another notch in the Super Stock category...

"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


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
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system