QUOTE(Jordy @ Jun 27 2008, 06:57 AM)
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.
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.
Added on June 27, 2008, 11:50 pmQUOTE(cherroy @ Jun 27 2008, 07:08 AM)
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.
I 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!
Added on June 27, 2008, 11:58 pmQUOTE(aretla @ Jun 27 2008, 08:09 AM)
another option.. eminis
E-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 
Jun 27 2008, 12:52 PM
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Damn..
gonna be soon? Still have a bit more positions to liquidate.
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