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"

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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

fcpo.blogspot.com


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