fkli and fcpo really geng chow

Eh nolah...Adam more experience and he's a senior. I'm just a junior CMSR.

Errr.....numbers of brokers which would give you a diverse thoughts on your trades especially futures?

Fair enough. Well, im still learning as well, so novice advise is what i can offer at this rate.

Dei, of course trade is at your discretion. We are bind to the rules and regulation, which could inflict 'awesome' punishments if we are to enter your orders at our discretion.

brb lunch..

To be honest, i'd yet to see or heard any people doing such strategy, but in books or theories, its advisable to do so.

If im not mistaken, if the underlying index is bullish which could imply that the acquisition would be more expensive for purchase, futures is used to cover the extra cost. I'm still questioning and wondering, whether this strategy is consider a hedging.

True, from my observation this far, many actually prefer to keep their long position rather than completing a trade. Just like last month contract, there are clients hold their long position since 103- level or more and closed their transaction with the settlement price at the end of the month of July, which is of course more than 100 ticks of profit.

I see. No worries, you got ample of time to decide to play futures.

That's a lucrative amount right there. So, what's your plan for August?

You are right, any swing, provided that FKLi is moving in tandem with the market, it will cause substantial losses. Regarding the speculating and hedging, im not sure which is fit, but for futures traders or players, most of them are speculating and yes, including cutting their losses.


True. Too early to call it a bull run, in my opinion. Most of the futures players in my company play according to the system given to them. For example, signal given by Grand Pine.

Yes, take profit but just be extra cautious if the market moves against your original position.

Yeah, eventually you would prefer your own techniques and strategies since you have your own financial planning. Books are for us to pass the examinations

Awesome.

I cannot give my 2 cents on this one. Since im still new, i still coping for daily movements instead on weekly and monthly. Will try when i'm more experience and zen with the market

Alright, all the best then.

If not intraday, most of them will close somehow later perhaps the next few days depending on the volatility. Rarely see clients hold till the final day of contract. Unless they are uber confident and fine with any losses made to them.

True, but still i would be cautious since after all, its your loot. But yeah, no harm to try.

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Added on August 3, 2009, 2:49 pmYes, corporate client especially in FCPO trading.

This post has been edited by peinsama: Aug 3 2009, 02:49 PM

I see. Well, most of the clients here follow the system. So...yeah, that's pretty much about it, compare to the ones i handle who lost his money every single day. T.T

And long term planning too

Yup, true. Its naise to be able to see tonnes of views here.

FKLI = Rm 3500 per contract

FCPO = RM 7000 per contract

Hehe.

A tick in FKLI = RM 50, 1/2 = Rm 25

A tick in FCPO = Rm 25

Wow, serious? No wonder you said cheap.

Dj futures so cantik

Dj up 114+ points.

On the agricultural commodities side, overnight soybean oil rose 248 points. O.O

If it opens higher today, syok la those people who long.

I believe the Dalian Commodity Exchange for palm oil and soy oil could set the tone for today.

So i will keep an eye on this FCPO for today due to overnight soybean rose 248 points. If figures are still going good, will be very likely that people will go for long instead of short. But then, im just afraid if the demand is rising high, and output is less than expected, it could be overbought. So, will keep an eye for further upcoming news on FCPO production.

Im just a novice, i think Adam is much more experienced and his insights is valuable.

Same goes for Sabah's palm oil output.

This post has been edited by peinsama: Aug 4 2009, 09:43 AM

FCPO....wow