Another record closing high.

Fundamentals or Technicals

� "I haven't met a rich technician" - Jim Rogers.
� "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.

"Successful traders don't ask others on their opinions on market direction, nor do they offer their opinions on market direction to others"

The job of any stock is to trend, and the job of the trader/investor is to wait for the harvest...

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"

Every day, the increasing numbers of Local Participants are expectant, eager to trade at the opening. Actually, doing the opening trade and the first 30 min of trading (or first few minutes) is beginning to feel like gambling at the roulette table of a casino, at least that is the feeling...

How you think is how you trade.
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

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,

More shorts cusked in?

Markets Plunge Briefly on Fake AP Terror Tweet - Yahoo! Finance

No sympathy for those algo traders. What goes around comes round eventually.
http://finance.yahoo.com/news/markets-plunge-briefly-fake-ap-175129454.html

ESPNFC: Soccer Bayern grab baton from Barca

http://m.espn.go.com/general/blogs/blogpost?blogname=espnfcunited&id=5226

From Marty Schwarz's book "Pit Bull" p294

Artistes at BN-linked events draw scorn - Malaysiakini

http://m.malaysiakini.com/news/227586?utm_source=twitterfeed&utm_medium=twitter

DAP not illegal, can use party symbol, assures ROS - Malaysiakini

http://www.malaysiakini.com/news/227279

So you want to be a full time trader

Read this
http://www.meetpips.com/members/TonyIommich/blog/28869-how-to-be-the-25-a-month-man
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.

Top 7 Technical Analysts of All Time Share Their Secrets | ETF HQ

Istp 30 day lows

Yeah prime example of market manipulation during the closing auction

Futures player heavily short, when the covering comes, , ,

When something goes haywire like golf recently other markets swing

Despite bad news vis a vis election jitters, remains an outperformer...

Gold futures 60 min

cpo tracking gold...

Profit taking, continuing to the races after?

‘I began to devote my resources to developing an unemotional, risk averse quantitative approach to the markets. Price data was subjected to rigorous computer testing to determine if they were recurrent statistical events. If so, then the events were subjected to further testing using strict risk parameters to determine if such a disciplined methodology could be consistently profitable. I discovered that, yes, I could risk a very small part of the farm, and make above-average returns with reasonable consistency. Yes, I could totally avoid any interpretations of chart patterns or underlying supply and demand factors that impact a particular market, and my returns would not suffer. And yes, I could diversify into many markets, remain extremely disciplined, and still show an appealing return on investment.'

 

according to Larry Hite.

 

Hence, the majority of LP in the markets are in actuality, gambling...

"In a bull market, the time to go long is when the bears come out to hoax (whore)  the bulls"