Tuesday, March 11, 2014

One must understand the market that one is involved in. The FKLI futures market is a thin, not well participated market with only the few locals, a few retail customers and a big manipulator, JP Morgan?? Kenanga?? playing. 

Case in point today, they artificially mark up the cash KLC at the close to 1828.55, up about 6 points. This after spending the whole day in negative territory. And the thing about this market is the players are always adamant to sell down the futures after 5:00 pm, due to their bias on the market going down faster than goes up.

Is this insight into this market useful for anyone treading their toes into this crocodile infested market. I hope my insight makes it useful... 


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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



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