*FKLI maintain my LONG 1461 for October month..
*CPO also same story, still holding December contract LONG 2736..
Tuesday, October 12, 2010
Thursday, October 7, 2010
The many 'don't 'of intelligent speculation
Many a time I've been approach by friends who want to speculate in the futures markets and I always give them my copy of 'Reminiscences of a stock operator' to read 1st. If the book is not read within 1 week, I would then ask them to return back my book and tell them plainly in their face not to waste their time even to think that they can trade.
This is a hard and cruel game and you need a passion for it. But let's see how many people can be passionate about this game after reading and pondering about the 'DON"T' of speculation. Why do I start of with the 'don't' of speculation ? Because it's the most common and basic mistakes made by every beginner when they place their 1st trade.
DON"T #1 : Don't ever over trade.
This year we've come across bloggers and traders who have suspended themselves from trading for one reason or the other. My deduction is that they were over trading. What is over trading? Over trading is mainly trading with insufficient capital. What is sufficient capital? Let's take the example of CPO ,the margin requirement is RM4,ooo per lot. That means you need a minimum of RM4,000 to trade 1 lot of CPO. If you follow gt's 30% rule;you need a minimum of RM 14,000 in your trading account to trade 1 lot of CPO. But how many actually keep to such a rule? I've seen many gallery traders who trade CPO with RM5-7,000 per lot.Needless to say,they don't last long after 1 or 2 whips from the market.
DON"T # 2: Don't increase your trading position after a loss or a series of losses.
This is quite a normal thing for gamblers to do,they increase their positions every time they lose thinking that their losing streak will end soon and they get to cover all their losses in 1 hand. But how many actually know when their losing streak will end? What if the markets whips u 10 times in a row? DO you think you still be around to catch the big move in your favor? This is also a form of over trading.
DON"T # 3: Don't ever fight the trend because of your opinions.
There is a blogger (still blogging by the way) who is and I believe is still fighting FKLI by being short and even shorting higher. He quotes 'who says there is only 1 road to Rome?' . But the surest and fastest way to Holland is by being stubborn and egoistic by fighting the market! IF you think you are smart and intelligent and therefore you must be right all the time why then do you not find or even hear of Albert Einstein or Professor Stephen Hawking trading for a living even on a part time basis, since they are sooooo smart and their opinions are definitely better than yours or mine? Think about it? You think you are smarter than Einstein or Professor Hawking?
DON'T # 4: Don't ever talk about your trades with other traders.
Trading is an egoistic game,chances are if you ever talk to someone that someone will talk you out of your position;since egoistic people always want to justify that they are always right! If they can't talk you out of your position with charts ,they'll probably talk you out of it by showing you negative analyst reports or projected gloom in the economy or market. Remember, all analyst reports and projections are just opinions of the author!
DON'T # 5: Don't ever talk about trading to your non-trading friends or family.
This is the fastest way to lose friends as they'll think that you are either a braggart or a gambler.
You must see it from their point of view,it's damn boring and most inexperienced traders get carried away as they'll go on and on and on about their trades or system and will start dominating the conversation. People will avoid you the same way people avoid direct selling recruiters or pesky life insurance agents trying to load you up with policies you can't afford! But do talk trading to people you don't like ;it's a classy way of getting rid of them from your life!
DON"T # 6: Don't be a fulltime trader/speculator if 30% gain a year on your capital is less than what you are making now.
Serious, it blows my mind wondering why people even decide to trade on a full time basis when they are already holding on to decent jobs. But honestly,30% gain is a conservative figure to speculators,but how sure are you that you'll even come out ahead for the year? Most part time traders don't realize that the reason they are doing spectacularly year in year out is because of their full time job. Losses will affect you no matter what people say and losses without a full time job will affect you even more. You'll never realize just how many tricks your mind can play with you.
This list of 'don't' is not exhaustive but I think I've covered the basics . Now it's all up to you to really be honest with yourself. If I offended anyone,don't take it personally but just ponder about it.
By the way,I'm not taking in new students but the door is still open for oops n nb..since I left them too abruptly! So oops and nb do send me your email address if you want to continue your education.
This is a hard and cruel game and you need a passion for it. But let's see how many people can be passionate about this game after reading and pondering about the 'DON"T' of speculation. Why do I start of with the 'don't' of speculation ? Because it's the most common and basic mistakes made by every beginner when they place their 1st trade.
DON"T #1 : Don't ever over trade.
This year we've come across bloggers and traders who have suspended themselves from trading for one reason or the other. My deduction is that they were over trading. What is over trading? Over trading is mainly trading with insufficient capital. What is sufficient capital? Let's take the example of CPO ,the margin requirement is RM4,ooo per lot. That means you need a minimum of RM4,000 to trade 1 lot of CPO. If you follow gt's 30% rule;you need a minimum of RM 14,000 in your trading account to trade 1 lot of CPO. But how many actually keep to such a rule? I've seen many gallery traders who trade CPO with RM5-7,000 per lot.Needless to say,they don't last long after 1 or 2 whips from the market.
DON"T # 2: Don't increase your trading position after a loss or a series of losses.
This is quite a normal thing for gamblers to do,they increase their positions every time they lose thinking that their losing streak will end soon and they get to cover all their losses in 1 hand. But how many actually know when their losing streak will end? What if the markets whips u 10 times in a row? DO you think you still be around to catch the big move in your favor? This is also a form of over trading.
DON"T # 3: Don't ever fight the trend because of your opinions.
There is a blogger (still blogging by the way) who is and I believe is still fighting FKLI by being short and even shorting higher. He quotes 'who says there is only 1 road to Rome?' . But the surest and fastest way to Holland is by being stubborn and egoistic by fighting the market! IF you think you are smart and intelligent and therefore you must be right all the time why then do you not find or even hear of Albert Einstein or Professor Stephen Hawking trading for a living even on a part time basis, since they are sooooo smart and their opinions are definitely better than yours or mine? Think about it? You think you are smarter than Einstein or Professor Hawking?
DON'T # 4: Don't ever talk about your trades with other traders.
Trading is an egoistic game,chances are if you ever talk to someone that someone will talk you out of your position;since egoistic people always want to justify that they are always right! If they can't talk you out of your position with charts ,they'll probably talk you out of it by showing you negative analyst reports or projected gloom in the economy or market. Remember, all analyst reports and projections are just opinions of the author!
DON'T # 5: Don't ever talk about trading to your non-trading friends or family.
This is the fastest way to lose friends as they'll think that you are either a braggart or a gambler.
You must see it from their point of view,it's damn boring and most inexperienced traders get carried away as they'll go on and on and on about their trades or system and will start dominating the conversation. People will avoid you the same way people avoid direct selling recruiters or pesky life insurance agents trying to load you up with policies you can't afford! But do talk trading to people you don't like ;it's a classy way of getting rid of them from your life!
DON"T # 6: Don't be a fulltime trader/speculator if 30% gain a year on your capital is less than what you are making now.
Serious, it blows my mind wondering why people even decide to trade on a full time basis when they are already holding on to decent jobs. But honestly,30% gain is a conservative figure to speculators,but how sure are you that you'll even come out ahead for the year? Most part time traders don't realize that the reason they are doing spectacularly year in year out is because of their full time job. Losses will affect you no matter what people say and losses without a full time job will affect you even more. You'll never realize just how many tricks your mind can play with you.
This list of 'don't' is not exhaustive but I think I've covered the basics . Now it's all up to you to really be honest with yourself. If I offended anyone,don't take it personally but just ponder about it.
By the way,I'm not taking in new students but the door is still open for oops n nb..since I left them too abruptly! So oops and nb do send me your email address if you want to continue your education.
Saturday, October 2, 2010
Weekly Update FKLI & CPO
*FKLI now holding Long 1461 for October month (roll)..
*CPO still holding December contract LONG 2736..
ps>> for those not believers that our market damn strong and still holding FKLI Shot position, i wish good luck shorting to AVERAGE HIGH your position, watch/search this movie about Nick Leeson, dont go against the trend, the name of the movie -->> ROGUE TRADER :), maybe you guys (i mean shorties) will learn something.. Good weekend to all.. adios
*CPO still holding December contract LONG 2736..
ps>> for those not believers that our market damn strong and still holding FKLI Shot position, i wish good luck shorting to AVERAGE HIGH your position, watch/search this movie about Nick Leeson, dont go against the trend, the name of the movie -->> ROGUE TRADER :), maybe you guys (i mean shorties) will learn something.. Good weekend to all.. adios
Friday, October 1, 2010
Test your skill/system trading..
*You discover a super system to trade, try this website www.chartgame.com to test your "PROVEN" system to trade the market. The chart taken from real stocks traded in US/Canada, your system will compete with Buy & Hold system set by the website.
*This is my game record using my system.. hahahhaah, damn bored now playing chart games..
*This is my game record using my system.. hahahhaah, damn bored now playing chart games..
Thursday, September 30, 2010
FKLI
*FKLI rolling day, continue LONG 1461 for October month.. good profit for September :) and officially i'm back in the black (up 50pts +/-) for this year 2010, looking forward to close FKLI this year on positive note after total heart ache for the first 6 month of the year.
Monday, September 27, 2010
Friday, September 24, 2010
Weekly update FKLI & CPO
As expected i got nothing to post or update for past 1 week, so here goes my position again.. NO CHANGE..
*FKLI still holding firmly my September roll LONG 1426.5..
*CPO also same case, still maintain my NOV contract SHOT 2624 but looks like as i post in my cbox earlier today i going to get slaughtered by the market soon because as i typing this update, Soybean Oil jumping like shit about 2% up... knn fred hahahaha
*FKLI still holding firmly my September roll LONG 1426.5..
*CPO also same case, still maintain my NOV contract SHOT 2624 but looks like as i post in my cbox earlier today i going to get slaughtered by the market soon because as i typing this update, Soybean Oil jumping like shit about 2% up... knn fred hahahaha
Friday, September 17, 2010
Unit Trust vs Stock Market
Taken from : RHBInvest's forum
Written by : "I smell money"
Don't know if you guys notice this, but everyone with investment in unit trust need to take note of this. I've recently flipped through the newspaper to have a check on performance of unit trust (according to Lipper Ranking) and these are some of the findings:
1.For the 6 months period [26-02-10 - 27-08-10], the common benchmarks FBM KLCI index rose +12.8% and FBM100 rose +12.4%. However Malaysian equity funds (non-islamic) had only return +8% on an 80-member average. {WHOA!!! not too impressive return by an average fund manager}.
2. Ok, then lets look at how many of the funds beat the benchmark of 12%. Oppss .. only 10 out of 80 fund or 12.5% of fund managers beat their benchmark.
3. Ok, then we shall look at the creme de la creme of the group, and see how they have done. For the top performing fund for the 6 month category, the top fund only had a return of 15%, huhhhh!!! only 3% above the benchmark.
Ok. then its time to compare this with some of the markets 2010 favourite.
Comparison same period
1. Supermax 12% (even after it had fallen off the cliff towards the end of July)
2. TimeCom 29%
3. Axiata 19%
4. Jadi 65% (ok this one a bit too unrealistic, but if you went in around XXsen when the stock was heavily traded)
5. AirAsia 14%
6. JCY -29% (of course not everything is hunky dory, and how can anybody forget about this name)
7. Unisem 19%
8. Notion -45% (woooo, dont we hate this name)
9. UEMLand 40%
10. MRCB 21%
11. Adventa -27%
12. Talam -20%
13. BJ Corp -23%
On average +37.5% (if you spread your money across all the 13 stocks evenly).
So if anyone who wants to invest in the stock market through unit trust then they should reconsider this strategy.
*Thanks to Teh (http://cpteh.blogspot.com) for allowing me to borrow/publish his article here.
Written by : "I smell money"
Don't know if you guys notice this, but everyone with investment in unit trust need to take note of this. I've recently flipped through the newspaper to have a check on performance of unit trust (according to Lipper Ranking) and these are some of the findings:
1.For the 6 months period [26-02-10 - 27-08-10], the common benchmarks FBM KLCI index rose +12.8% and FBM100 rose +12.4%. However Malaysian equity funds (non-islamic) had only return +8% on an 80-member average. {WHOA!!! not too impressive return by an average fund manager}.
2. Ok, then lets look at how many of the funds beat the benchmark of 12%. Oppss .. only 10 out of 80 fund or 12.5% of fund managers beat their benchmark.
3. Ok, then we shall look at the creme de la creme of the group, and see how they have done. For the top performing fund for the 6 month category, the top fund only had a return of 15%, huhhhh!!! only 3% above the benchmark.
Ok. then its time to compare this with some of the markets 2010 favourite.
Comparison same period
1. Supermax 12% (even after it had fallen off the cliff towards the end of July)
2. TimeCom 29%
3. Axiata 19%
4. Jadi 65% (ok this one a bit too unrealistic, but if you went in around XXsen when the stock was heavily traded)
5. AirAsia 14%
6. JCY -29% (of course not everything is hunky dory, and how can anybody forget about this name)
7. Unisem 19%
8. Notion -45% (woooo, dont we hate this name)
9. UEMLand 40%
10. MRCB 21%
11. Adventa -27%
12. Talam -20%
13. BJ Corp -23%
On average +37.5% (if you spread your money across all the 13 stocks evenly).
So if anyone who wants to invest in the stock market through unit trust then they should reconsider this strategy.
*Thanks to Teh (http://cpteh.blogspot.com) for allowing me to borrow/publish his article here.
Wednesday, September 15, 2010
CPO & FKLI
*CPO turn SHOT 2624 today but still maintain November contract.. i not interested to trade December contract yet!!
*FKLI still same case still holding September month LONG 1426.5..
*FKLI still same case still holding September month LONG 1426.5..
Thursday, September 9, 2010
Selamat Hari Raya & Weekly update..
I wish to all reader/followers of my blog here Selamat Hari Raya & Happy Holidays to all :)) and to those SHORTIES for FKLI & CPO good luck going against my position.. hik hik hik
*FKLI still holding September month LONG 1426.5..
*CPO also same case still maintain November contract LONG 2557..
*FKLI still holding September month LONG 1426.5..
*CPO also same case still maintain November contract LONG 2557..
Saturday, September 4, 2010
Weekly Update
Not much to do, so this is my current position..
*FKLI still holding September month LONG 1426.5..
*CPO maintain November contract LONG 2557..
*FKLI still holding September month LONG 1426.5..
*CPO maintain November contract LONG 2557..
Monday, August 30, 2010
Friday, August 27, 2010
CPO & FKLI
*CPO turn SAR LONG 2557 for November contract..
*FKLI still holding LONG 1354 for August month..
*FKLI still holding LONG 1354 for August month..
Update FKLI & CPO
Nothing to update actually, so this is my current position..
*FKLI still holding August LONG 1354..
*CPO maintain SHOT 2652 November contract..
*FKLI still holding August LONG 1354..
*CPO maintain SHOT 2652 November contract..
Tuesday, August 17, 2010
Friday, August 13, 2010
Weekly update FKLI & CPO
*FKLI still holding August LONG 1354..
*CPO maintain October LONG 2445, no rollover for me... :))
*CPO maintain October LONG 2445, no rollover for me... :))
Monday, August 9, 2010
Friday, July 30, 2010
FKLI & CPO (Weekly update)
*FKLI roll today at close, so holding LONG 1354 for August..
*CPO still holding October contract LONG 2445..
*CPO still holding October contract LONG 2445..
Saturday, July 24, 2010
Tuesday, July 20, 2010
CPO & FKLI
*CPO I decided to roll today, very good deal rolling.. hahahaah.. so now holding October LONG 2445..
*FKLI btw remain the same, holding LONG 1308..
*FKLI btw remain the same, holding LONG 1308..
Weekly update
*FKLI still maintain holding LONG 1308..
*CPO maintain hold September contract LONG 2321, no rollover to October..
*CPO maintain hold September contract LONG 2321, no rollover to October..
Wednesday, July 14, 2010
CPOTrader retired/pencen from trading????
*halo to all.. i just knew that one of futures bloggers already stop trading for this year.. 2010 is really a tough year for most of trend followers for fkli.cpo .. i wish good luck to CPOTrader.. for me i'll strive to continue trading with "ROJAK" system.. no doubt i'm also ROCKed by the market n just surviving now... 5month to go b4 year end.. if my system manage to "TACKLE" any good movement towards year end , MAYBE.. YES MAYBE i can close book for 2010 with profit.. all the best to all & GOOD LUCK... :))
Monday, July 12, 2010
Friday, July 9, 2010
FKLI &CPO
^oo^... nothing to update... no i c.. still holding FKLI LONG 1308 & CPO SHOT 2373 for September contract...
Thursday, July 1, 2010
Wednesday, June 30, 2010
FKLI & CPO
*FKLI still maintain LONG 1335...
*CPO crash boom bang-bang... aaarrggghhhhhhhh turn SHOT September at 2373
*CPO crash boom bang-bang... aaarrggghhhhhhhh turn SHOT September at 2373
Tuesday, June 22, 2010
Wednesday, June 9, 2010
Wednesday, June 2, 2010
Tuesday, June 1, 2010
Thursday, May 27, 2010
Friday, May 21, 2010
Friday, May 14, 2010
FKLI & CPO
*FKLI still maintain my rollover LONG 1347.5... kekekeke
*CPO maintain holding July SHOT 2529, i not going roll to August... no reason to roll.. haha
*CPO maintain holding July SHOT 2529, i not going roll to August... no reason to roll.. haha
Tuesday, May 11, 2010
FKLI & CPO
*FKLI i still holding my May LONG 1347.5...
*CPO holding July SHOT 2529... gonna turn LONG soon??
*CPO holding July SHOT 2529... gonna turn LONG soon??
Tuesday, May 4, 2010
FKLI & CPO
*FKLI turn LONG 1347.5 (May) at last rollover day...
*CPO maintain July LONG position 2522..
*CPO maintain July LONG position 2522..
Thursday, April 29, 2010
FKLIFutures BLog
*OK my FKLIFutures blog already re-open for viewing... very bad start for 2010.. hmmmm
FCPOFutures Blog
*As promise i re-open back my FCPOFutures Blog, to those that already sent me email to see my 2 others blog... now its time for you all to see it... i dunno how long i gonna open it to public.. feel free to ask me anything but please no email.. anything just ask through my cbox...
*and sorry to say my futures blog not like others futures blog.. i mostly post numbers.. i mean my trade.. i seldom talk talk write write anything at my posting.. anything to talk at my cbox ya.. happy trading to all...
*and sorry to say my futures blog not like others futures blog.. i mostly post numbers.. i mean my trade.. i seldom talk talk write write anything at my posting.. anything to talk at my cbox ya.. happy trading to all...
Friday, April 23, 2010
FKLI & CPO
*FKLI i still maintain hold of my LONG position...
*CPO i exit/cut loss JUNE & LONG JULY at 2522...
*CPO i exit/cut loss JUNE & LONG JULY at 2522...
Monday, April 19, 2010
FKLI & CPO
*FKLI still maintain LONG...
*CPO.. hahhahahaha i still survive the crazy jump to 2594.. n crazy whipping last week,, still holding JUN SHOT....
*CPO.. hahhahahaha i still survive the crazy jump to 2594.. n crazy whipping last week,, still holding JUN SHOT....
Wednesday, April 7, 2010
Friday, April 2, 2010
FKLI & CPO
*FKLI maintain holding LONG 1326.5, still no sign of reverse yet...
*CPO turn LONG (SAR) today 2564..
*CPO turn LONG (SAR) today 2564..
Thursday, April 1, 2010
Wednesday, March 31, 2010
FKLI & CPO
*FKLI not much change still holding LONG position...
*CPO also the same still maintaining my SHOT holding...
*CPO also the same still maintaining my SHOT holding...
Monday, March 15, 2010
Thursday, March 11, 2010
Friday, March 5, 2010
Wednesday, March 3, 2010
Tuesday, March 2, 2010
Thursday, February 18, 2010
Thursday, February 11, 2010
FKLI & CPO
*FKLI still holding SHOT position..
*CPO already engage new LONG position (roll) yesterday..
*CPO already engage new LONG position (roll) yesterday..
Wednesday, February 10, 2010
Monday, February 8, 2010
Wednesday, February 3, 2010
Tuesday, February 2, 2010
Thursday, January 28, 2010
Wednesday, January 27, 2010
Monday, January 25, 2010
FKLI & CPO
*FKLI & CPO switch to momentum trade... so NO STOP placement... similar style with my 2 other site... Stay tune with my update... or check the CHATBOX for my immediate update...
Wednesday, January 20, 2010
Friday, January 15, 2010
Thursday, January 14, 2010
Tuesday, January 12, 2010
Monday, January 11, 2010
Wednesday, January 6, 2010
Tuesday, January 5, 2010
Thursday, December 31, 2009
Wednesday, December 30, 2009
Redtone
*Redtone base from pure candlesticks already a BUY when breaks above 0.31 today 30/12/2009.. but from my signals i need one more confirmation before i jump in, so i'll monitor Redtone closely for now.ps- Latexx making a steady move upward currently and i missed it, i just notice it today...hmmm
GPacket-wa
*GPacket-wa, entry today 30/12/2009 when it breaks above 0.725 triggered a BUY with SELLstop under 0.585 or a very tight SELLstop under 0.655
Edwin Lefevre
The spectator's chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you, you hope that every day will be the last day--and you lose more than you should had you not listened to hope--to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little. And when the market goes your way you become fearful that the next day will take away your profit, and you get out--too soon. Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into much bigger loss, and hope that his profit may become a big profit.
--Edwin Lefevre
--Edwin Lefevre
Airasia
*Airasia BUY signal triggered when breaks above 1.35 on 28/12/2009 with STOPLOSS under 1.30... How far Airasia will go??? NO I C... let the market decide... hahahahps- maybe Lotus 1MF1 might effect Airasia a bit??? :)) hmmmmmmm
Monday, December 28, 2009
Thursday, December 24, 2009
FKLI & CPO... HoHoHo :))
*FKLI new dual ENTRY emerge... standby.. :)
*CPO still no i c...??
*MERRY CHRISTMAS TO ALL FRIENDS & READERS...
*CPO still no i c...??
*MERRY CHRISTMAS TO ALL FRIENDS & READERS...
Wednesday, December 23, 2009
Tuesday, December 22, 2009
Monday, December 21, 2009
Thursday, December 17, 2009
FKLI & CPO
*FKLI no new signal..
*CPO SELLstop remain the same..
>>ACHTUNG!! my signal at this blog (fkli.co.cc) & my other blog (fklifutures.blogspot.com) not the same now, with different entry n different stop, PLEASE DONT FOLLOW MY ENTRY!! the blog i created is for my own record purposes only.
*CPO SELLstop remain the same..
>>ACHTUNG!! my signal at this blog (fkli.co.cc) & my other blog (fklifutures.blogspot.com) not the same now, with different entry n different stop, PLEASE DONT FOLLOW MY ENTRY!! the blog i created is for my own record purposes only.
Tuesday, December 15, 2009
Friday, December 11, 2009
Thursday, December 10, 2009
Tuesday, December 8, 2009
Monday, December 7, 2009
Thursday, December 3, 2009
Wednesday, December 2, 2009
Tuesday, December 1, 2009
Sunday, November 29, 2009
Thursday, November 26, 2009
Monday, November 23, 2009
Thursday, November 19, 2009
Tuesday, November 17, 2009
Monday, November 16, 2009
Friday, November 13, 2009
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