End of the Holidays. Prepare for war!

Feeling afresh. And this is what I like most about short term trading, holding no position over the long weekend and live your life, LOL!! Before the beginning of a new and exciting week, I just have few things to blog it up:

Up 10+% in 4 days (Good Call, Mike!)
I chanced upon Mike's site last Friday and read one of his TA articles: MEASAT. http://daytradingfkli.blogspot.com/2010/05/tameasat.html I liked his call.
Voila! The accuracy was magical, MEASAT exploded from RM2.9+ level to RM3.2+ level this week! despite a set-back on Tuesday. Thanks Mike for the good call.
We shall see if this baby will swing up any further next week.

27-May (Thursday) FKLI movement
It had got my favorite set up but I was not around to exploit it. Nevermind, it happened before and it will happen again.
Suddenly 1300 is not very far from where FKLI last closed, LOL!
A counter-trend could be in the making, and they say normally Professionals enter safely on pull-back (and I am giving you a Simon Cowell's wink.)

Respond to goh's comment

goh said...

hello winner, nice blog.

I see you are a big player and I love to see how big players trade. Hope you will continue to blog.

BTW, "ex-banker" shorted fkli at 1252.5 (June).

May 27, 2010 1:22 PM

Goh, thank you for dropping by. I am not big player; I am just a magical Jealous Loser (JL?) in somebody's book. LOL! I hope you are not making a mistake by commenting here, because they will be calling you name pretty soon.

Ex-banker? LOL! I guess those cleaner Makcik or Ah Soh working in the banks are also bankers then. ROFL! Don't get me wrong, I am not making fun on how they make their livings.

For the record, I have stopped visiting ex-banker's site since this week for good. As for his short entry at 1252.5, "excellent" huh? I have no further comments on his trade. Peace. 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

Sweet Sweet CPO!

Really not much to say about my sweetheart CPO. I am waiting for a lot of shorties to buy from me next week. Or should I say, I am hunting down you all CPO bears!!! Stay tuned!!!

Remember, I said before:

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


Bonus Track : FKLI - Nothing much to do. Who say you must short the bear market? LOL! I like to shoot the bears though.

Revenge Day!

As I said before, 1300 is a pivotal level, and it is proving it again today. And the sharks know the psychology of retail traders too.

Afternoon session, opened with a gap down below 1300, I instantly could judge it was a trap to lure shorties (to add positions). And based on my indicator, I longed at 1299+/-, took my quick swing profits at 1309+/-. Beautiful short sweet swing, helped me to get back what I had lost yesterday and earn extra. (I would double my order size if I am in for a intraday swing).

FCPO, again, oversold market, a 20 points swing-up was as easy as a gimme!! LOL!

My yesterday Long is a goner!

What a shame DJ had a bad overnight close! Instead of waiting for miracles, I cut my long with about 10 points loss per lot.

A loss is a loss, and I am not going to pretend it's ok or it's just part of the "expenses". It's a loss.

A lot of readers were checking on my site this morning. Human nature huh, fun to watch when one is on the losing trade? LOL? Looks like there's a correlation between losing trades and ascending click rates. LOL!
(Whoever you are, if you enjoy reading my blog, please say something, OK? else I might close down this blog in the near future).

On the other hand, my cpo trades, which are too precious for me to share, brought me good profits yesterday which I covered my shorts yesterday.