It’s not what happens to you, it’s how you react to what happens to you that determines success or failure.
Success In Trading
These are:
1 Only take the best opportunities.
2 Always minimize risk. Taking only low risk
opportunities is part of this.
3 Use good Money Management.
4 Have the discipline to follow these rules, especially the first one. It is all too easy to get over-confident and take anything you see. You soon lose your shirt that way. “Only the best is good enough for our trading!”is a good motto to follow.
You can’t learn how to do it without doing it.
Thursday, June 26, 2008
Monday, June 23, 2008
Saturday, June 21, 2008
PotentialSG Market Trading List
CPL - Long if price open less than 6.08, and break above 6.08.
SAR.SG - Monday may insider bar pull back before further down trend, if not, intra day short if price break below 3.46.
Wilmar - Intra Short just break below 5.0 .
Thursday, June 19, 2008
Wednesday, June 18, 2008
Tuesday, June 17, 2008
Monday, June 16, 2008
Sunday, June 15, 2008
Kelly Criterion For Investors
In investment we often come to problems like this:Company A is currently researching 3 different new products. In an upcoming convention, we know that A might going to announce the launch of one of the new products. We can also estimate the impact of different outcomes on the stock price:Launching Product 1: 30% increase in stock price (ROI = 30%). Chance of happening: 20%.Launching Product 2: 10% increase in stock price (ROI = 10%). Chance of happening: 15%.Launching Product 3: 12% increase in stock price (ROI = 12%). Chance of happening: 25%.Failure to launch: 15% decrease in stock price (ROI = -15%). Chance of happening: 40%Now you have $100 dollars in your bankroll, how much would you invest in A's stock so that your bankroll can have maximum growth in the long term?The Kelly Criterion, solving similar problems in gambling, cannot be directly used because it assumes binary outcome. That means it limits the outcomes to be either WIN or LOSE.Advance Stock Pattern Scanner -- Kelly Criterion For Investors
Friday, June 13, 2008
Potential SG Market Trading List
NOL.SG - Double Top, neckline 3.45 , short near to neckline, cut loss at 3.56.
YZJ.SG - Potential double Top , neckline 0.89.
SPC.SG - Long at 6.50, cut loss at 6.37, First Target 6.75.
FerroChina - Friday closed below 1.26, bearish, next support 1.19. Monday need to be a white candle for it to turn bullish, 50% probability.
T3B Screen List :
IndoAgri - Watchlish, narrow BB.
RafflesMed - Long at 1.36, Target 1.45, cut loss 1.33.
StraitsAsia - Short at 4.00, Target 3.75, cut loss at 4.07
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Monday, June 9, 2008
Friday, June 6, 2008
S&P Futures Index Key Numbers
Some historically important numbers on the S&P Futures Index | |||
02 | 32 | 52 | 75 |
06 | 35 | 55 | 77 |
09 | 37 | 57–58 | 81 |
12 | 42 | 63–64 | 84 |
15 | 45 | 69 | 87 |
27 | 47 | 72 | 92 |
50 |
| 98 |
Dow Futures Index Key Numbers
US Market Trade Zone
Trade zone one 9:00 A.M.–10:15 A.M.
Trade zone two 12:30 P.M.–1:15 P.M.
Trade zone three 2:15 P.M.–2:45 P.M.
That is not to say that I never trade outside these zones. If the market direction is very clear, I may enter the market at 8:45 A.M., but I very rarely enter between 10:15 A.M. and 12:30 P.M. or between 1:15 and 2:15 P.M. The waters are just too treacherous and I do not like throwing my money away. Also, if I am in the market at the end of a trade zone, I may hold my position, but, I keep a protective stop in place to prevent me from taking a beating if there is a sudden market shift.