Monday, March 17, 2014

Was asked by one of the traders last Saturday on whether it was true that All who join as locals make BIG money. He cited one exchange employee pointing to one local participant saying, "That guy makes RM100k per month..."

The answer is yes and no. Yes, maybe out of 100 traders 5 may make extraordinary profits, due to their high risk taking. No, as out of the 100 traders 85 will lose all their money eventually, while 10 might make a living. These statistics are proven over a century, in terms of traders probability of success in leveraged futures markets.

You cannot blame the exchange employee, as that is his job, to market their product offerings.


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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