Here's a golden nugget for those who are serious about trading independently for a living. In order to be a successful trader (i.e someone who outperforms the index every year) one must be aware of the rules of "benchmarking" and "asset allocation". Assuming you have $100,000 to trade what determines whether you are a successful?
Rule [...]
Archive for April, 2006
Trading: The Secret To Consistent Profits
Published by April 23rd, 2006 in and Investment Notes. 0 CommentsThe KLSE has adopted a classic bearish chart pattern characterised by oversold stochastics and a bearish divergence on the RSI. That doesn't mean it can't go higher, but I am going to follow that sign and take some chips off the table on my U.S account where I had some malaysian ETFs (symbol: EWM). I [...]
Here’s a hot company. Up around 300% in 3 months driven partly by speculation on promotion to the main board. I like the business because I think that electronic banking is going to get big in Asia and this is a company with a consistent track record and growing balance sheet. The smart money [...]
There is nothing better than digging into a fresh crate of vinyl in a record store. I used to spend days looking up and travelling to record stores then shifting through stack after stack of vinyl. Unfortunately there are no record stores in Malaysia so here's the next best thing: the BBC radio player. Go [...]
I'd just like to clear up my comment below about being in cash. This is not because I think there will be a selloff. It is because I am a miserly trader from penang and want to buy things as cheap as I can. Therefore I am in accumulation mode.
Why do I not think that [...]
Trading: Technicals - The Fractal Play
Published by April 18th, 2006 in Investment Notes. 0 CommentsWhen I was trading technicals I had a very good mentor who taught me how to trade fractals. This is a super aggressive system which does not work most of the time but when it does can bring in stellar profits. I traded using this system for a few months last year and lost most [...]
Trade Entry: Air Asia and Bkawan
Published by April 17th, 2006 in Air Asia and Batu Kawan. 0 Comments Bizfun.cc’s daily EOD data did not update today so I am actually posting yesterday’s charts today with todays closing prices written separately below.
KLSE seems to be holding its level and these 2 good stocks below seem to be experiencing” greater relative pressure”. The one thing I like about AirAsia is that it is outward looking [...]
