I want to buy LEHMAN!

LOL!!

KLK n ioi like to listen to leona lewis song

Adam, to see you make profits through future (fkli) really makes my anxiety to involved again in fkli.

but, the risk is significant overweight. i was involved in fkli some times ago, and eventually ended up lose few thousands. 1 point long or up will be rm 50 and sometimes, whenever the market first opened in early morning, with the effect of DJIA, we would not be able to control.

i am pretty interested to learn and discuss more if i have the chance.

why not open a thread specially for FKLI?

Thanks and god luck to all FKLI and stock trader.

The risk is significant in derivatives but many investors that i know personally do not have the necessary risk management. To make money in FKLI, one must have strict discipline and not be too greedy. I know some investors would like to hold & hold till they make multiple points profit. Due to the futures volatility nature, take the profit from the table. Even if you make RM 200 a day, 20 trading days will equal RM 4000, which is more than what our current undergrads or junior staff is making.

I do understand your situation on overnight positions but that's the entire reason why sometimes i am relunctant to keep my positions open overnight due to DJIA volatilty.

Recently, FKLI rallied to 1095, the day budget was released. If we were to short after the budget release, we would have made 60 points X number of lots.

Hence my current strategy is to wait for FKLI to rally 50-60 points, and then i will short 2-3 lots. Due to the anemic volume, there's no way, KLCI can sustain a meaningful rebound.

This post has been edited by AdamG1981: Sep 12 2008, 09:37 AM

I remembered Cherroy once said that we all should concentrate on our main line of job, whereas KLCI or other tradings like FKLI/Forex/CPO should be our side , as these sideline income work do take a toll on us mentally & physically.
In my opinion, if we can make side-income nett$200 a day by online-trading or even $200 in a month, it is considered blessed. But to expect this to happen daily, I think it is quite difficult to achieve.
No offence to Adam but I think he is very inspirational.

Nothing is impossible. Jst do it in a careful way.

provided you devote your time fully to these tradings (full-time trader)
and never a miscalculation.

You are right. A lot of thing is needed to be done. Try it in your spare time and slowly go for the full time.

Adam is doing it full-time la......
for others...just a side income...hedge against inflation etc.....
full-time job includes other 'perks n benefits' that cant be easily measured by $$$$ earned

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Added on September 12, 2008, 10:07 amPersonally...i still prefer my full-time job.....whereas.....money earned fr share market is for traveling, additional investments (like properties etc) but never for buying things unnecessarily.....aka cars just for status quo

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Added on September 12, 2008, 10:09 amoh..most important is to reduce loan/debts!!!!! hehehehe....i'm targetting 10 yrs more to settle my housing loan.....still progressing well....hehhehe

This post has been edited by kinwawa: Sep 12 2008, 10:09 AM

Kinwawa,
we should be getting Sapcres results soon. It should be good.

Sharesa, i understand Cherroy's point very well. Not everyone is suited to be a day trader. It takes time and effort, to monitor these price movements.

Here's an example of my today's trade in FOREX

B200825600UXD00 Sell EUR/JPY EUR 50000 150.159 SP 12/9/2008 8:32:58 AM
B200825600V4C00 Buy EUR/JPY EUR 50000 149.903 SP 12/9/2008 8:43:05 AM
B200825600V4Z00 Buy EUR/JPY EUR 50000 149.797 SP 12/9/2008 8:43:32 AM
B200825600V5D00 Sell EUR/JPY EUR 50000 149.863 SP 12/9/2008 8:44:16 AM
B200825600W3L00 Sell EUR/JPY EUR 50000 150.179 SP 12/9/2008 10:06:15 AM
B200825600W6900 Buy EUR/JPY EUR 50000 150.065 SP 12/9/2008 10:14:22 AM

Clearly, USD 200 is within reach. It's up to you to trade. No one is forcing you to make the trade. A full time day trader only trades when he is confident but even the best day trader has a bad day.


Yesterday i shorted FKLI @ 1033, it went down to 1022, but i didn't take the profit and closed @ 1028.5. ALWAYS think capital preservation. Gains like 100 ringgit, is also money. Lama-lama jadi bukit!



This post has been edited by AdamG1981: Sep 12 2008, 10:25 AM

i bought some during last drop 1.25 like tat....yest hand itchy but since there's like so counters on discounts...in d end din have the guts la hahahahha

but if drop below 1.3 somemore ...will get some la.....but now just wait for small rebound lo....

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Added on September 12, 2008, 10:26 amAdam....how much is ur average 'amount' for each transaction??? or u usually buy/sell using 'contra' style???

This post has been edited by kinwawa: Sep 12 2008, 10:26 AM

I always trade a constant 50,000 ( 5 lakh mini) for each transaction. You must buy/sell using margin which you need to deposit before trading.

Good for you, young but quite an old-hand trader already.
But new traders will need to fork out tuition fees first before expecting rewards.

errr....???? as in RM how much???? sorry for being a noob ahahahahaa

1 lot FKLI is RM 4000 margin, 1 lakh (mini) about $300 margin; some brokerage let you purchase/sell @ $50 per lot

I started off in Forex with 7000 usd but withdrawn 5000 to purchase ETFC.

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Added on September 12, 2008, 10:45 amThank you, of course experience comes with a price; lack of sleep and a lot of cash spent.



This post has been edited by AdamG1981: Sep 12 2008, 10:45 AM

Adam, how much u can make being full time investor in a month? very shiok huh. Me also think wanna quit job and wanna be like you. boring makan gaji

That's a big step my friend. A lot of commitment to become a full time trader. And income is not consistent.

My best month: USD 8,000

My worst month: - USD 2000

Average: USD 2000-3000


This post has been edited by AdamG1981: Sep 12 2008, 11:06 AM

AdamG1981,

I knew what you are trying to say. But this statement can give a wrong illustration to those newbie to think making money is easy which might lead them to forget the risk behind of it.

No one is perfect in the market, once stumble into it or market goes against unpredictably then it might as well Rm4000 loss as well. While working class surely can get few K in the end of the month, while for full time traders if one is not well capitalised then, one might struggle to pay the their monthly bill if market condition is not favourable to them.
It is all about $$. Without $$, it is like a gun without bullets, useless.

Most norm people out there are not good in managing the risk and highly discipline on it aka they know how to make profit but don't know how to cut loss in trading which can lead to 'deep hole'. Instead they bet more on it when market goes against them, in the hope of averaging down and 'revenge' (emotional weakness/mistake) which is a big big mistake in term of trading.

No offence, just have been involved in market for long time, and had seen many example and human mistake.

There are a handful of succesful traders in the market, but there are 12303 number of failed traders as well.

Don't mean one can't be full time or professional traders, but just to remind the risk involved and remind on especially newbie in the market to prevent them to think it is wasy to make money in the market.

Just my 2 cents.

This post has been edited by cherroy: Sep 12 2008, 11:15 AM

I think apart from commitment,
having great passion for being in this line plus having interest in worldly issues & figures will make a good trader.