What is Fucking Wrong with Singapore?

The Fine City is very much infested with all sort of scandals now, Minor Prostitute Sex Scandal (professionals were involved), Sex Corruptions (involved by high level government officials then), and now oh My GOD..

Singapore City Harvest Church pastor charged over funds

Church founder Kong Hee and his wife, singer Sun Ho

Continue reading the main story

Related Stories

• Singapore civil servant charged
• Singapore profile

The founder of one of Singapore's richest churches has been charged for misuse of church funds.

Pastor Kong Hee is accused of appropriating up to S$24m ($18.8, £12m) to fund the singing career of his wife, Ho Yeow Sun (also known as Sun Ho).

He faces a lengthy jail term if found guilty, local media reported.

Four other executives of the City Harvest Church have also been charged, following a two-year investigation.

The five, who were arrested on Tuesday, have been offered bail of S$500,000 each. Their passports have also been impounded and they have been suspended from their duties.

Mr Kong and church board member John Lam Leng Hung face three charges of criminal breach of trust.

See You at the Top!!! It's the End!!

Birds of a feather will flock together... or may I change it to "Losers of a feather will close blog together". LOL! You have seen it (closing down their blogs) last year a guy who didn't take my advice and today another one (fresh from the oven) closing down his blog. The latter one was some sort of a mentor to the former. LOL!
In case you have been wondering where the hell I was.. I have been trading comfortably and am too lazy to blog.. (yes, lazy to blog, not other reasons.. LOL!)

Here is the update on my positions:
(1) FCPO - bullish, unchanged since my last blog. Big money!
(2) FKLI - Happy swing swing! 1500 magic level been supplying me lots of easy money!
(3) GOLD - For my Investment portfolio, bullish, unchanged since my last blog. Steady money.

Do NOT follow me blindly! LOL!!!

See You at the Top!!!

Where is the top? I don't know. LOL! This beautiful FCPO 3rd month daily chart with price channel for your free viewing pleasure. Turtles strike it good this time.

Falling Star

Before anyone thinks I am going to talk about Candle Stick Pattern, sorry to disappoint you, I am not.
Before anyone thinks I am going to talk about Biblical Myth, sorry to disappoint you, I am not.

Just to share some nice poem:

NIGHT-SKY AND FALLING STAR

HEAVEN, mighty, full of glorious withholding,
a store of space, a staggering world-display.
And we, too distant for a full beholding,
and yet too near it all to turn away.

A falling star, with which our scarcely-owned,
heart's wish, with startled uplook, is descending:
What is beginning now and what is ending?
What's been committed? What's been condoned?

~ Rainer Maria Rilke

And some say Gambling is bad? LOL!

...Goldman Sachs estimates Singapore's 2010 GDP will be 16.5%, a substantial upgrade from their previous forecast of 12%.

What's fueling the hyper growth? The country's government loosened a 40-year-ban on gambling, commissioned two casinos complete with hotel, shopping and restaurant complexes — and a Universal Studios. The first casino opened in January of this year, followed by a second in April. Already, the $10.2 billion initiatives are paying off; the casinos attracted more than 3 million visitors by June. Coupled with a buoyant pharmaceuticals industry and an increase in global financial institutions setting up shop in Singapore, official government estimates put 2010 growth at 13% to 15%.

Read more: http://www.time.com/time/business/article/0,8599,2007470,00.html#ixzz0vNLBSdG5

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).

FKLI @ 1300, such a bad boy!

Dancing with wolves, and swimming with sharks, are somethings that herds dare not do. LOL!

FKLI @ 1300, so easy. I hate to say this : I have told you so! Did I not?
Where do we go from here, just enjoy the counter-trend until it is exhausted.

You can say I am bragging again, well, in fact this is just my little contribution to light up the atmosphere, because it feels like a funeral when you walk through snippets of various latest posts at ginsing70. LOL!

Did Houdini Die Standing?

Thanks to global equities sell down, crashing stocks indexes, and melting commodities; FCPO is too joining the stampede.

Did Houdini Die Standing? No, Houdini didn't die standing. Houdini was an escapologist. He escaped! Remember trailing stop? (Gotcha, LOL!) Joke aside, Houdini actually died of peritonitis, LOL!

I wouldn't feel proud of my 10plus points profits per contract.
As a matter of fact, I consider it as a failed trade. The profits are not proportional to the times invested and exposure. Oh yeah, another regret is, not able to serve you "Sweet and Sour Slimp." LOL!!

Talk about the cliche of SELL IN MAY and GO AWAY. I will be away for holidays for the rest of the week. Wall street's money never sleeps, but I do need some good rest after such a profitable month, and to get ready for a fabulous new month to come, and I do find blogging is more tiring than making money, LOL!! (Any Dog Owner wanna be my associate writer? I can pay you per article written... ROFL!!!)

P/S: To ZacLim, now you are jumping high and low trying to get my attention? LOL! Sorry pal, try harderr! Last free advice to you, be more original, ok?

Anti Climax

About today's FCPO price movements, really a waste of time and inefficient trading day.
I could have taken easy profits 20+ points each contract but I decide to wait for one more day.

Why? Rather die standing than live on knees!
(i.e. Rather hit by either trailing stop or target price than take a cowardly exit!)

Can you?

No no, Mark you Calender instead!

It's a lazy Sunday afternoon... until I read a very funny article.

Apparently someone is implying (or accusing) me of bragging my winnings here. Even if that's the case, the bragging, are my winnings hurting this someone's feelings? LOL!
I do share my losses and overnight trades here. If you are a good trader, you will know whether I am a real McCoy. I am one, with or without your recognitions.

Not to mention what could I possibly gain (if I really do brag here):
First, Personal Fame? I don't use my real identity here, what to gain?
Second, Readership? I don't place ads here or charge subscription, what to gain? (I am not aiming to be a Mr. Popular in the first place)
Third, Ulterior Motive? I don't need to network around with rich people (so that I can manage their funds. LOL!), what to gain?
It looks more and more obvious that SadLim is going after the 3 things mentioned above. LOL! (Sorry ar, Mr.Lim, for revealing your motives).

I share my trading strategies here, out of confidence.

My intelligent readers, please tell me from SadLim's post below, who is the one actually bragging? LOL!
I am really having a good good laugh from his childish arguments below, which I am not going to lower my level down to explain to him. I have said enough and leaked enough secrets on how to stay close with our enemies (i.e. the ultimate market operators).

But one thing I have to point out, this SadLim is really academically challenged. He has misinterpreted my point. I will say it again and again:
"Losers are always losers, they work in herds. Only winners dare to defy herd thinkings."

SadLim's version : "Losers follow the herds and winners dare to defy the herds."
Can you see the difference? If you can't, sorry, you need to go back to school.
(Next time if you wanna quote please quote more properly, ok?)


P/S: LOL! "Deleveraging"? Such a big word, as if a multimillion account is on the line!
And, he's the one who said didn't want to visit my blog and yet he came? why? Doggies looking for free advices or tips again? LOL!
OK boys, as you wish, so that you can sleep well at nights, my winnings are all fake one, ok? happy? because you have already called me loser (an angry and jealous one somemore), so how could I possibly win? ok? or the new negative terms you come out every day..eg.liars, magicians....so no point for you all to come here digging up bones, please don't come back and you should go back to your kampung, ok? LOL!!! as for SadLim's pussycat boy or ladyboy... so, what happened after Sibu by election? washed out? It's ok, all the world now laughing at his/her idiotic challenge. LOL!

I am not angry, I am having good fun, really. LOL!

Enjoy the full SadLim's article below, for a good Sunday afternoon laugh!

Deleveraging process
A friend of mine asked me to visit one of the unknown blogs around whose owner loves to brag about his winnings in the futures market. Well, I told my friend that I am not interested to read n if he wants to share anything,he can always come to my blog. Recently, I went to check out and I feel that his blog is quite interesting.

He reminds me of many traders who there who love to brag when they win and when they lose, they sort of like give excuses. To them ,the word " I am wrong " does not exist in their dictionary. I would like to discuss about one of his investment principles. Its goes like this.

Losers follow the herds and winners dare to defy the herds.

Now ,always remember that in FKLI , 50% of the volume come from the retailers . Institutions contribute lesser volume. The crowd is PRIMITIVE but they are strong. Do not fight against the crowd. I know of many futures traders who lose their money because they go against the herd. The crowd psychology represents the trend of the market. When the crowd is bearish, the market goes down.When the crowd is bullish, the market goes up.
To know when to follow the crowd and when to defy the crowd is the hallmark of a successful trader.In my opinion, buy low and sell high does not really work in the futures market because those who buy at the low and sell at the high are those who manipulate/operate the markets.If you ask me whether I can make money buying low and selling high, I would say that I can but there is a possibility that I might have a series of drawdowns before I can the major reversal.

To me, a successful trader is a person who is straightforward when it comes to his profits and losses. There is no point bragging about how much he makes in a trade ...... I only respect those who admit how much he loses in a trade.

I give one example. A friend of mine told me that Petra Bhd will test RM 4.00 again. He has been talking about it for quite some time and fundamentals and technical are pointing to a higher price. At the end, he averaged his profits by 'contra-ing' at the HIGH around RM 1.7 something. Have a look at Petra now. He doesn't admit that it is a mistake to buy at that price. The trade at 1.7 something was meant to be a short term trade but due to the fact that the market went against him, he held those stocks for the long haul.

Super high accuracy and super high profits traders are either liars or magicians. I would like to meet magicians one day.

Alright,I am in the process of deleveraging my trades because of some setbacks in my CPO trades. I have exited all my positions in May FKLI n currently only holding my June short. The price of my June short is at 1320.5 but I did not reveal out in my trading diary because the profits earned ( in points ) will be unrealistically high. In actual fact, I have also shorted at 1330something, the same price Winner went long. Is there anything to brag about? I dont think so. Maybe he knew that I was going to short at that price so, he gave me the chance by buying some contracts from me.
Posted by Zac Lim at 3:25 AM 0 comments
Labels: About me, FKLI, General

Drama Drama

What a beautiful morning, sunshine and birdie singing.
As I sit back, enjoying my kuppa of coffee with toasted bread spread with kaya and butter, to watch the drama unfolds:

to: Imoogi (who is actually a loser and trying to learn some trade secret here and there, but always fails)
You are just adding oil into fire only, not adding any value, I guess you are trying to get into the circle of ZacLim. LOL!

to:bloodscalper (who is another loser)
I admire your courage of hanging on with 10K "virtual capital" and yet talk like a millionaire. LOL!
You have enough problems of your own, right?

to: Cat Owner (who is ZacLim's sidekick), working hard for his master, real hard.
Your tone has changed, getting nasty, a fearful person will try to cover his fear with strong emotion.
by the way,
Lim goh tong / no degree - but he worked hard and smart and didn't blog ;)
George w bush / he did not crack under pressure ;)
Warren buffet / actually a great writer, I suggest you go read his letters to his shareholders ;)

to: winner (who uses the same nickname of the original "winner"), is really providing insightful analysis.
They just don't like this nickname "winner", it irritates them, and you did a good job on analysing ZacLim's remarks / trades / flip-flop system. I understand you actually have zero interests at his system (a losing system to date, LOL!), but you just want to voice out the inconsistency of his walks vs. his talks.

to ZacLim - now I am really enjoying the show. ;) Can't wait to see your turn to make some $, as the show must go on. LOL!

>>>>>>> Kim (my kimbo), staying sideline, feeling embarrassed after the "dog has no brain cell" remarks. LOL!