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 FKLI , Futures

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debbieyss
post Apr 12 2009, 12:54 AM

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hi all, few questions to ask about FUTURES:

1. Now is the month of April, but how come there are people buying contracts for month of May, June and even until September?

2. What does FCPO, FMG3, FMG5, FMGA mean?

3. Knowing that buying and selling's commissions are RM20 each, what if i'm buying 2 contracts and selling 2 contracts? Does it still RM40 total for commission fees?

That's for at the moment.... Thanks in advance.
debbieyss
post Apr 14 2009, 09:24 AM

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hi, i have one urgent question to ask:

Mr. A buys one contract at market's open price (900 point).

The moving status drops at 890 point at 10am.

However, the market closes at 910 point.

I just wonder, if Mr. A earnsor loses?
debbieyss
post Apr 14 2009, 09:42 AM

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QUOTE(cherroy @ Apr 14 2009, 09:38 AM)
Mr A earn nothing from it, as he didn't close the open interest aka he didn't sell the long contract at all.

Price movement doesn't dictate your loss or gain. It i your transaction aka buy and sell price aka a closed transaction sell-buy price that is your final result.
*
noted with thanks.

Got it. smile.gif
debbieyss
post Apr 20 2009, 02:43 PM

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I have one question again, regarding FUTURES.

It doesn't have to buy a contract at a low price then only sell it at high price, right?
A successful contract can be done at first sell it at a high price, then buy it at low price when the status meet the low price, am I getting it right?
debbieyss
post Apr 21 2009, 10:08 PM

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QUOTE(cute_boboi @ Apr 21 2009, 02:53 PM)
Any website to view FKLI ?  hmm.gif
*
http://www.klse.com.my/website/bm/
debbieyss
post Apr 22 2009, 09:06 PM

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QUOTE(cute_boboi @ Apr 22 2009, 10:05 AM)
Prices are delayed by 15 mins  doh.gif
*
If you want instant price, you need to open a Futures account and register at their website sleep.gif
debbieyss
post Apr 23 2009, 03:32 PM

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hi, i have 2 questions:

1. Let's say, Mr. A sell 1 contract at 970 point on 29 April 2009, he means to buy 1 contract at 960 point but the moving status has not triggered 960 point.

What happened with Mr. A if until 30 April 2009, he still doesn't manage to buy the contract at any point lower than 970 point? Will he loss for the April contract?


2. What does MO mean? What are the purposes to buy or sell at MO?

This post has been edited by debbieyss: Apr 23 2009, 03:45 PM
debbieyss
post Apr 24 2009, 12:32 AM

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QUOTE(cherroy @ Apr 23 2009, 11:46 PM)
1. Not like that. On the end of the month, contract will be settled if your have open contract not close, by using the settlement price of the last trading half hours, aka they will take average price of the last hour to determine the settlement price.

If you continue to have interest on short side, you can short the May contract, aka roll over your April contract to May.
*
Cherroy, so does it mean if i already sold 1 contract and I don't manage to buy it at a lower price on the last trading day, this contract can be rolled over to May and I won't gain any loss?

Also, I still don't understand what is MO.

This post has been edited by debbieyss: Apr 24 2009, 01:18 AM
debbieyss
post Apr 24 2009, 09:36 AM

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QUOTE(aurora97 @ Apr 24 2009, 09:18 AM)
Rollover doesn't mean its free your just exchanging the same contract just different months to avoid a cash settlement, from what i see how its done... its very rare to see Retail clients to roll over their contracts unless they are high networth people (& know what they r doing).

For those ikan bilis they normally stay out at the end of the month, because the price flactuations tend to be extremely volatile because the big boys (Foreign Funds) are moving the market (i.e. rolling over their contract).

Oh by the way, if you roll over u still have to pay for price differences.
*
Thanks for letting me know.

Do you mind to explain further on MO?
debbieyss
post Apr 24 2009, 10:36 AM

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aurora97, thanks a lot~!
debbieyss
post Apr 27 2009, 06:50 PM

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Actually I have bought the software from a financial institution for around RM5K. We students are to just follow the signals the software shows each day and from there earn money.

Anyway, there are too many uncertainties nowadays, it seems this software doesn't really work.

I'm thinking to quit after earned RM5K to cover the purchase of the software.
debbieyss
post May 5 2009, 04:47 PM

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QUOTE(heaven_gary @ May 3 2009, 12:30 PM)
the market close at 994~
and i seem s to be break 1000 easily in monday~
but it just my own opinion~
hope can got reply from ur guy soon~
thx alot
*
1 "si fu" spotted laugh.gif
debbieyss
post May 14 2009, 11:03 PM

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Today's so suck...

Regret didn't sell the contracts earlier...
debbieyss
post May 16 2009, 12:05 PM

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i got a bad feeling, Monday's stock will go down as there is an AH1N1 case in malaysia....
debbieyss
post May 18 2009, 01:09 PM

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QUOTE(alfredfx @ May 16 2009, 12:58 PM)
burnt.
shit
*
hm....still have 2 more weeks to go..

hopefully could cover up the loss
debbieyss
post May 18 2009, 11:41 PM

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QUOTE(aurora97 @ May 18 2009, 02:07 PM)
lol dont hope too much...

or later really smell like bunt sh.it than u know ...
*
if like that then die lah......


Added on May 20, 2009, 4:50 pmit seems like a gambling.......

not again... i got burnt~!

This post has been edited by debbieyss: May 20 2009, 04:50 PM
debbieyss
post May 25 2009, 09:17 AM

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QUOTE(alfredfx @ May 24 2009, 12:32 PM)
to whom who are interested in futures trading, i have shared my experience in my blog after burning few k.

i believe you will get invaluable experience from my blog

http://passion-for-trading.blogspot.com

Passion for Trading

what have i shared in my blog ?

- discipline
- day trading
- thinking process
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discipline is no doubt an important issue, but finding out the technique is more important than controlling yourselves at this point of time.
debbieyss
post Sep 24 2009, 08:56 AM

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QUOTE(tblee88 @ Sep 21 2009, 02:12 AM)
I agree with u . i already stop trading FKLI for nearly a year  now the gold mine so small .i also stop CPO same problem . no big money liao. better go for overseas market . Malaysia tak boleh ,everthing tak boleh. last time one day can earn RM500 for one FKLI now RM100 CPO last time RM500 to RM700 now big move only RM500 every day move not more than RM200 .terrible.
*
The last time you went was when?
During recession period?

In fact if you go 2 contracts each time you trade, earn RM500 shouldn't be a problem, no?
debbieyss
post Sep 24 2009, 11:24 PM

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QUOTE(tblee88 @ Sep 24 2009, 07:32 PM)
2 lots for fkli not enough at least 5 - 10 lots but i don't like bcos at last broker who will be the winner . risk & rewards ratio no good. collecting small money is hard work.


Added on September 24, 2009, 8:01 pm
Do u know why malaysia small market bec`ome smaller no energy. this is bcos bursa set the limit for stock like RM1.00 stock can move 1 sen RM10 can move 5 sen . this way is to turn m market to become little .where got overseas pro come to play . no big player no game lor .
I don't know what the bn goverment thinking want the stock market to turn smaller . i think is bcos they have no experience to manage the market
u see now bursa have too sell its own share 25% to CME hope they can help to attract big boy from overseas to come in the malaysia derivatives market .
i feel sad as a malaysian
*
Experienced the difference in August '09, the sudden downfall caused by Shang Hai.
When Shang Hai down 200 points, during lunch time, I was so worried how many points CI will fall.
When market reopened at 2.30pm, CI down only 20 points.
Don't know if this is good or bad...

debbieyss
post Sep 25 2009, 09:35 AM

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QUOTE(aurora97 @ Sep 25 2009, 09:06 AM)
the highlighted part is very true, since some broker (if u mean the futures broker and not the futures broker) tend to churn commission from clients trades.. exiting 4-5pts without receiving the full value.

My perception is...

Brokers who do churning (even to some extent traders - u n me) merely gain in the short term, we merely see the immediate profit.

Simple comparison, would be a get rich quick scheme. if u are one of the early investors, u'd probably see high returns 30-50%.

The unfortunate truth is, it only takes one event to wipe out all gains made, the only winners are the Futures Broker House and the Broker.
*
Sorry aurora, mind to explain what does the highlighted part mean?

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