US independance day on July 4 mah.

Thanks, cherroy. Noted.
Btw, have some offtopic here: wanna ask is there any threads teaching how to trade futures maybe in Msia?
Can post link here? Thanks in advance.

Kinda boring to trade stocks market. Only trade during uptrend. No syiok leh.
I'm aware of some stocks able to short sell but small portion only. Better learn on how to trade futures..

I don't understand why everyone keep thinking and saying "High oil, high oil, jump ship, doomsday, armageddon or whatever that is negative"? Don't you realise that everyday everybody is repeating the same old stuff?
Sorry for being rude, but is there anyone at all that sees all these things as POSITIVE? Share your views please

P.S. I am not telling off those that are negative ones, but I thought this could be used as an ATTENTION line Sorry if you feel offended by my statement.

Futures on paper looks easy, but when you start you own trade, then it might not as easy as one taught, involves some strategy, discipline issue. You need some discipline to cut loss sometimes, otherwise bring you to Holland, also don't know yet.

On paper looks easy 1 point = Rm50. Commission charge Rm25 per transaction, so Rm50 aka 1 point already breakeven. The hardest although look simple is which way do you trade? Just like FKLI now is 1172 for July, buy or sell? Current KLCI is 1190. This whether buy or sell is the hardest decision to make compared to buying stock.

I feel comfortable to trade stock whenever time, but for futures I won't simply move in without any clear indication or direction. I always will monitor 30 stocks across the heavyweight KLCI component stocks (I set one favourite page pruposely for 30 major stocks in order to trade FKLI one), how those stocks move and trade accordingly which eventually affect the KLCI movement.
But sometimes, FKLI reluctantly to move according to the cash market (KLCI), by no mean KLCI up 5 points, FKLI must also up, it depends on the premium/discount of FKLI compared to cash market, and also market near future outlook. Just like recent bearish mood, FKLI tends to trade at least 10 points and above discount.

Although commission looks minimal compared to normal stock, it is not the covering the commission issue, but catch the right direction of market move at short period of time, which is very hard to do sometimes, although it is 50:50 like bet big or small only.

Out of my trade previously 70% is on short side.

Just some of my experience.

This post has been edited by cherroy: Jun 27 2008, 10:09 PM

another option.. eminis

On a positive side, those in the oil sector and agricultural sector are experiencing a huge boom due to the volatile, extreme rise of crude oil. These means plantation stocks in CI wil benefit as palm oil will most likely rally if oil continues its uptrend.

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Added on June 27, 2008, 11:50 pmI have to agree with Cherroy on the trade pattern, almost all my winnings are from shorting CI.

Usually you can attend seminars organize by corporations such as NextView but prices for these seminars are so EXPENSIVE.

Best way to trade, use technical indicators and candlestick pattern analysis. Almost 70% of the time, you will profit from volatility.

Cherroy,

I shorted the market at 1204, covered back today at 1186. Was trying to hold on to my July long position but was uncertain, sold it for a $150 profit.

From my experience, biggest gain, or losses USUALLY COME FROM OVERNIGHT POSITIONS! SO make sure YOU do your homework first before playing BIG!

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Added on June 27, 2008, 11:58 pmE-minis are great, if you want to have small leverage and smaller risk.

Try calling Philips Futures in Singapore, these guys have good trading platform.



This post has been edited by AdamG1981: Jun 27 2008, 11:58 PM

u trade eminis? any experience to share?

Trading e-minis is exactly the same as trading futures. You can short, or go long but leverage wise is smaller when you are trading e-minis. E-minis is a great way to diversify your portfolio.

Yes, currently i do have an account with Philips.

The positive thing about increase in oil price or our fuel prices is less vehicles on the road now, driving a car on the road is easier and less time spent compared to before.

And you would get to buy more number of shares with the same amount of money, as compared to before.

It is good to have PMA in life, but do not apply it to future , currency or commodity trading. 9/11 occurred once, there might be others.

This post has been edited by SKY 1809: Jun 28 2008, 02:51 PM

I think there's a flip side of the oil boom. With the current agricommodity prices soaring high, this will encourage undeveloped countries to spend more money in agriculture.

You are right. many are lining up to convert their cars to run on natural gas. Motorcycle sales on the rise. Solar energy companies and so on.

There are opportunities to some during a crisis. It depends on which side of the coin you are looking at ( not talking about the third side or edge of coin ). It could be good chances for the Arabs to buy up our properties or businesses.
They have good interest to invest in our banks too.

This post has been edited by SKY 1809: Jun 28 2008, 04:24 PM

Seem from both replies, got same points where winning is associated with shorting futures(to some extent, may not true)
If want to gain from both side, can buy stocks when market is up and short futures when KLCI heading south. Both ways also can gain. ..
Anyway, will try find more information about trading futures before stepping foot in it.

Thanks for information.

Jordy,

I am WAITING for people to panic and start selling PBBank. I am WAITING for a megasale on PBBank. I am keeping 2 to 5 years worth of emergency fund preparing for the recession to last quite a long time.

Dreamer

i remembered you say that there are only about 3 counters which worth looking at in KLSE.

i guess one of them must be PBBANK.

i am having the same aim as you do.

Well, yeah I did discuss with you too on that. The previous drop on PBBANK was just a "shave" off my target price to get in
Oh well, guess there is still quite a long way to go at the current price

If I remember correctly, he did point out a few of PBBANK's strengths in your PBBANK thread
So, if you look back at the whole thread, you will find why PBBANK was one of the "5 counters"

Dow jones RED...

have all of u recevied back the chq for the income tax of the share?
i still havent get it

"Never fall in love with a stock, because it will never love you back."

Any comments?

true lo

It's okay to love ur stock but only with certain situation.
I would say dun fall in love with the stock that u still keeping. Be neutral with stocks that u currently have.
Love it when u dispose it with handsome profits.
Dun turn ur love into hate when it turn stabbing you from behind & you dispose it with heavy losses.