Why Do You Fear? LoL!

"Look at all those people down there. They follow the rules for what? They're letting fear lead them."

With Pride.

Back from Holidays!

How come FKLI liked to take a dip whenever I was away recently? Perfect timing? LOL

Good that I didn’t miss any action during my absence, not that I was hard up for any action.

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?

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

Field Day for FKLI and FCPO

This morning I could smell the fear in the air, after a night of walls street trauma. I knew this could be a morning for panic sales, and my experience is my teacher. Had you been thru the 2007 Sub-prime crisis, you would understand.

What are the signs of panic sales? Gap down, Huge Volume and High Velocity.
What happen during panic sales? Oversold! People sell irrationally.
What do you do during panic sales? Buy Low Sell High!

For FKLI, 1300 proven to be a strong pivot level, from its history and from this morning price actions. The strong defense of this level charged away the bears. This is where I took some Long position. I guessed I was sailing with wind at my back, little resistance going up. And when I saw the sorhai ZacLimp shorted at 1310 level, I knew I just had to add more contracts at that level, which I did. And this one way train was so smooth that I did't have to worry of other things. Eventually it hit my target in the 20s level. Sweet sweet.

FCPO was also oversold, able to collect 20 points per contract from this god sent opportunity.

I know, losers are always losers, they work in herds.
Only winners dare to defy herd thinkings.

Be Patient

I know some of you keep checking on my site. Please be patient, today is my field day on both FKLI and FCPO. Will update later.

Is FKLI difficult?

Not at all, most amateurs looking for signals, professionals looking at big picture.

Amateurs are proud of how involved they are with the market, professionals stay sideline and try to catch the big swing.

If you are good enough to catch one or two big swing a month, you don't have to monitor market 9-5 in front of your terminal like those kiddos.

If you can understand this chart, I can assure you have good odds of winning.

*Chart Removed*

What a nice day.

A cloudy day, we golfers like this kind of weather. Easier to focus on the game then under scorching hot weather. My golfing kaki, also my business partner, popped me this question, "You ar, why wasted your time to play with those kiddos? What do you want to prove? "

"Dunno, just for fun perhaps" I answered him.

It was a good question from him. It got me thinking. Despite we are grown-up now, the naughty side of us will always make us do something for good fun, like what I was doing at the ZacLim's site. LOL!

Anyway, will see how it develops, will see if there is any more childish acts from SadLim n his pussycat partner. LOL!

P/S: Yes, my FKLI stop order was triggered, not in the morning but in the afternoon, guess you all know my position by now. I did say FKLI showed some weakness yesterday, didn't I? ;)