#1: Risk awareness; always place a Stop before you enter.
#2: Only trade when you knew you can win.
#3: Live life; love your friends and family.
#4: It gives you good money when you do it right, but it contributes virtually nothing to society. Contribute to society.
#5: Treat people with respect. Be remembered for your kindness, integrity, love, and care for the others. Not your money!
#6: To live you need oxygen and water. To succeed you need passion and perseverance.
#7: Winners collect money lost by those who are driven by greed and stupidity. Be a winner.
#8: Profit is only yours when you take it.
#9: Pick out associates whose behavior is better than yours. Stay away from jerks.
#10: If you are a jerk when you are broke, you are still a jerk when you are rich.
Wednesday, 24 October 2007
Monday, 22 October 2007
Today Is Black Monday???
Brutal selloff on Wall Street
Dow down almost 367 points, its third worst day of the year, on fears about credit and housing sector, earnings, record-high oil prices, slide in dollar, what the Fed will do next.
By Alexandra Twin, CNNMoney.com senior writer
October 19 2007: 6:42 PM EDT
NEW YORK (CNNMoney.com) -- Stocks tumbled Friday as record-high oil prices, more problems in the bank sector and slower corporate earnings growth revived worries about an economic slowdown.
Dow down almost 367 points, its third worst day of the year, on fears about credit and housing sector, earnings, record-high oil prices, slide in dollar, what the Fed will do next.
By Alexandra Twin, CNNMoney.com senior writer
October 19 2007: 6:42 PM EDT
NEW YORK (CNNMoney.com) -- Stocks tumbled Friday as record-high oil prices, more problems in the bank sector and slower corporate earnings growth revived worries about an economic slowdown.
Thursday, 11 October 2007
Russian Rocket Launches First Malaysian Into Space
BAIKONUR (Kazakhstan): At exactly 9.22pm (Malaysian time), the Soyuz -FG rocket launcher blasted off from the Baikonur Cosmodrome. Russian Soyuz TMA-11 space vehicle carrying Russian cosmonaut Yuri Malenchenko, U.S. astronaut Peggy Whitson and Malaysian astronaut Sheikh Muszaphar Shukor disappears into the evening sky as it travels to the International Space Station (ISS) from the Baikonur cosmodrome in Kazakhstan October 10, 2007. REUTERS/Denis Sinyakov
We have lift-off!
In less than nine minutes, Dr Sheikh Muszaphar Shukor created history by becoming the first Malaysian in space.
Dr Sheikh Muszaphar Shukor is first in line to bring the Jalur Gemilang shoulder patch into space.
Friday, 5 October 2007
Contra Just For Maintain & Improve Skill...
Harnlen-wa
Sama seperti dulu2. Lepas jual harga terus naik terbang... tak ada rezeki la tu... he he
27.10.07 - Buy: 0.15
03.10.07 - Sell: 0.16
Gain: 0.01
Masuk kaunter baru:
Symphny
03.10.07 - Buy: 0.15
Sell: on T3 @ T4 next week
11.23 am = 0.17
Sama seperti dulu2. Lepas jual harga terus naik terbang... tak ada rezeki la tu... he he
27.10.07 - Buy: 0.15
03.10.07 - Sell: 0.16
Gain: 0.01
Masuk kaunter baru:
Symphny
03.10.07 - Buy: 0.15
Sell: on T3 @ T4 next week
11.23 am = 0.17
Thursday, 4 October 2007
Emotions can be greatest trading enemy... not the market.
4 Oct 07, 11:33
richman:
Lesson must learn from silver.never sell winning stocks too early.I did my study on thos ctr when mother was below 40cts and knew it was good to hold.held on to 200 lots bought at 11.5-12cts wrts but sold all at 15.5cts even though knew was going up further bcos of rumours in co.well i still made my money but lost on the opportunity to make the big bucks due to impatience and fear.well just sharing my experience .hope this can be of help to you to bcom better traders.we learn from our mistakes and others all the time.
Oct 07, 10:31
Br-03: your emotions can be your greatest trading enemy. not the market... right?
richman:
Lesson must learn from silver.never sell winning stocks too early.I did my study on thos ctr when mother was below 40cts and knew it was good to hold.held on to 200 lots bought at 11.5-12cts wrts but sold all at 15.5cts even though knew was going up further bcos of rumours in co.well i still made my money but lost on the opportunity to make the big bucks due to impatience and fear.well just sharing my experience .hope this can be of help to you to bcom better traders.we learn from our mistakes and others all the time.
Oct 07, 10:31
Br-03: your emotions can be your greatest trading enemy. not the market... right?
Tuesday, 2 October 2007
Look at Market Fluctuations as Friend
“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
Warren Buffett
Warren Buffett
Bull vs Bear (1 Oct 2007)
Bulls continue to increase while bears continue to decrease. Today, I notice something crazy, the newly issued CWs are trading at a very high premium. HK market close, but the CWs rallied. Looks like people are scared of missing the boat. Anyway, for the Malaysian market, not many counters have rallied yet, so we are still at the beginning of a bull stage. It could pick up strength and it could still die off. The important point is risk control.
Posted by swifz
Posted by swifz
Monday, 1 October 2007
Analysts expect share prices to rise
Story By : Tee Lin Say
via www.biznewsdb.com
WITH the growing volume and increasing interest among foreign funds, coupled with the Kuala Lumpur Composite Index (CI) being a laggard in the last two weeks, analysts are expecting the CI to stage a more convincing run up this week.
Volume has been steadily increasing on the back of vibrant rotational plays particularly among the oil and gas and plantation companies. News flow, both externally and domestically have been fairly positive. With most funds being cash up and looking to take new positions, this ought to support prospects of financial markets seeing further upside.
Over the week, Bank Negara Malaysia relaxed certain foreign exchange administration rules to cut cost of doing business in Malaysia. Taking effect from October 1, the changes include abolition of the five registration requirements and granting greater flexibility for Islamic funds managed onshore.
Non-Malaysians will also have more flexibility in hedging their ringgit exposure under the easier rules.
TA Securities technical analyst Stephen Soo says that these measures will see more investors coming to Malaysia.
While Malaysia has been steadily liberalising its market, this latest move should allow relatively freer fund flows, hence pointing to the market going up.
Local funds should be coming into the market in a bigger way too. The Dow Jones is now trading near its record high. If it can confirm a breakout in the coming week, I think we will see bigger buying orders across the globe,¡¨ he says.
He adds that domestically, buying momentum has been quite resilient.
I am more comfortable with the market now compared to two weeks ago. If you notice, the volume shrunk with the decline in the market, but correspondingly increased when the market went up. This indicates less selling pressure and is a positive sign in a bull market,¨ he says.
In the US, a report released Thursday showed new home sales fell 8.3% in August to a 795,000-unit annual rate. The median home price fell to US$225,700 from US$246,200, a 7.5% drop from a year ago.
US economic growth was slower than previously thought in the second quarter. The government revised US GDP growth from 4% to 3.8%, a move that was widely expected.
Despite statistics pointing towards a slowdown in the world's biggest economy, the Dow continues to scale upwards as investors expect the Fed to change into a more accommodative monetary policy.
The anticipation of more rate cuts can be clearly seen from the building up of buying interest.
Soo is expecting a belated market run up for the CI this week. He has pegged his resistant levels as the 1,350, 1,370 and 1,392 point respectively. The market will find support at the 1,320 and 1,302 levels.
On the corporate front, Putrajaya Perdana Bhd is bidding for some RM2bil worth of contracts to add to its current RM1.3bil outstanding contracts in hand.
Century Logistics Holdings Bhd plans to venture into the oil support services business by investing up to RM40mil to buy two vessels next year. The ships could be tug boats to transport oil rigs or they could also be used for oil rig crew accommodation.
For the six months to July 31, TA Enterprise Bhd posted an 87% increase in its net profit to RM114.4mil while revenue was also higher at RM272.3mil.
www.biznewsdb.com
via www.biznewsdb.com
WITH the growing volume and increasing interest among foreign funds, coupled with the Kuala Lumpur Composite Index (CI) being a laggard in the last two weeks, analysts are expecting the CI to stage a more convincing run up this week.
Volume has been steadily increasing on the back of vibrant rotational plays particularly among the oil and gas and plantation companies. News flow, both externally and domestically have been fairly positive. With most funds being cash up and looking to take new positions, this ought to support prospects of financial markets seeing further upside.
Over the week, Bank Negara Malaysia relaxed certain foreign exchange administration rules to cut cost of doing business in Malaysia. Taking effect from October 1, the changes include abolition of the five registration requirements and granting greater flexibility for Islamic funds managed onshore.
Non-Malaysians will also have more flexibility in hedging their ringgit exposure under the easier rules.
TA Securities technical analyst Stephen Soo says that these measures will see more investors coming to Malaysia.
While Malaysia has been steadily liberalising its market, this latest move should allow relatively freer fund flows, hence pointing to the market going up.
Local funds should be coming into the market in a bigger way too. The Dow Jones is now trading near its record high. If it can confirm a breakout in the coming week, I think we will see bigger buying orders across the globe,¡¨ he says.
He adds that domestically, buying momentum has been quite resilient.
I am more comfortable with the market now compared to two weeks ago. If you notice, the volume shrunk with the decline in the market, but correspondingly increased when the market went up. This indicates less selling pressure and is a positive sign in a bull market,¨ he says.
In the US, a report released Thursday showed new home sales fell 8.3% in August to a 795,000-unit annual rate. The median home price fell to US$225,700 from US$246,200, a 7.5% drop from a year ago.
US economic growth was slower than previously thought in the second quarter. The government revised US GDP growth from 4% to 3.8%, a move that was widely expected.
Despite statistics pointing towards a slowdown in the world's biggest economy, the Dow continues to scale upwards as investors expect the Fed to change into a more accommodative monetary policy.
The anticipation of more rate cuts can be clearly seen from the building up of buying interest.
Soo is expecting a belated market run up for the CI this week. He has pegged his resistant levels as the 1,350, 1,370 and 1,392 point respectively. The market will find support at the 1,320 and 1,302 levels.
On the corporate front, Putrajaya Perdana Bhd is bidding for some RM2bil worth of contracts to add to its current RM1.3bil outstanding contracts in hand.
Century Logistics Holdings Bhd plans to venture into the oil support services business by investing up to RM40mil to buy two vessels next year. The ships could be tug boats to transport oil rigs or they could also be used for oil rig crew accommodation.
For the six months to July 31, TA Enterprise Bhd posted an 87% increase in its net profit to RM114.4mil while revenue was also higher at RM272.3mil.
www.biznewsdb.com
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