Tuesday, February 25, 2014

FCPO Jun Jul spread, a nice trend.

Have heard from one trader "see no road in the spread", another said "lost big money been "shorting, cutting, shorting higher cutting, shorting even higher, cutting...". One top trader gave a tip on 13/2 "sell the junjul at 10, 11,12 in pyramid, can buy back at 9 when August month contract comes on board, it is a low risk trade".

Goes to show "Those who know don't talk, those who talk don't know". If one trades too much in volume, one will fail to see the trend because one is too engrossed in the excitement to churn big volume.

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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
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