Insightful Comment

Copied from a loser's blog.
Explains well on the phenomenon of those forever talk cock blogs, which are forever wasting their energies. LOL!!

All Trading Ideas said...

I don't think i can find more informative comments than here. 52 comments when i saw this posting. Amazing.

I see that many have differing ideas, ranging from adopting the right system for the right time/product, to ways of reducing risk and maximizing profit. Well, that's how i summarize up regarding the comments. Generally, it's about performance optimization.

I think a lot of book-reading led to all these constructive arguments and many reader are going to benefit hugely.

I would like to share what i think of all these from a reader's point of view. As much as we present our argument to justify a trading concept, or a matter of choosing the right 'fit' to any trading system, we are bound to continue in a 'circular argument' that may answer our questions today but disclose an unwanted gap tomorrow. After all, we are talking about optimization and this is an open-ended project.

Whatever it is, whether we choose to accept or deny, we are in the 'business of predicting' which at best may be 'kind' to a particular system yesterday and today, but no guarantee for tomorrow. So, as we move on everyday, one after another, whether our system is performing or not, we are bound again to land ourselves in this discussion. I think we would agree on this someday. LOL

My two cents: personal experience will best shape one's system. No one has the same fund size, risk tolerance and expectation. The 3 elements are the variables which will shape the particular trader's concept on how a system should perform and be implemented. So, I doubt there will be a general rule for this. What's more when we dive into the topic of optimization.

In different trader's context and experience, he/she will have differing philosophies. So, for the 3 points highlighted, there will never be a straightforward answer and will forever remain debatable and 'need to be optimized' (lol).

When The Tide Comes In...

...you float. (I am talking about FCPO) LOL!

Superb volatility, good range, excellent market participation, really a field day for Long bias traders today, be it intraday, momentum, or trend following traders!!!

Celebrations time!!

Mama Mia!

FKLI has been soaring since I previously turned Short bias, LOL! Although no action was taken yet while I am waiting for a swing high point still (for quite some time now, LOL), here we arrive nearer to another pivotal level 1345! C'mon, let the show begin, Mr.Market please tell me where to go from here! LOL!

Scheisse!

Guess "Scheisse" could be the most popular word for most Germans last night, Scheisse! LOL!

Blogging is a risky business for traders. Nothing much to gain except you get to flex your ego. Sometimes, you get your arse exposed!

Just read one trader's post about his profits 1000pts "RM25,000" out of account balance RM70,145, Commission RM800.
My simple estimation : Probably he traded 16~20 contracts based on the commission amount, and that derives to about RM4K +/- trading margin per lot (based on account balance / number of contracts)? And I am scratching my head now. Are you not? LOL!!
Well, there could be other explanations, maybe... LOL!!!

So you think FKLI is going down? Part III

Scheisse (Shit in German)! No, I didn't convert to German just because Germany is almost the strongest football team as we speak. LOL!!

Why scheisse? Nothing actually, just trying to tease those girls.

OK, back to business. FKLI is now officially sub-1300.
Warning has been given last week, as I knew the market was weak.
Does it mean I was wrong about my earlier statement that FKLI would test 1445?
- Yes, I was wrong, and the market is always right.

Does it mean I think FKLI is going down now?
- No need to think, it is going down. It could be a start of a down swing, or a down trend. Size your positions right and you will be rewarded!

Danke schoen my lovely markets! (FCPO inclusive, wink wink) LOL!

Code Red!

Danger looming over FKLI's pivotal 1300!!