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As you become more experienced, you will find that
every single day is a day of uncertainty...
People will say they 'follow the trend'.
But the truth is
no one knows the trend until after the event...
bladez87 ( Date: 09-Feb-2011 15:21) Posted:
thank goodness GAR nv follow market. but maybe by saying this i might have ....
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anyone knows who counterparty ISS is???
next move? wait for STI to be done with lsing..
lol
BullishTempo ( Date: 09-Feb-2011 16:08) Posted:
Roti boy, yes. CPO is bullish and fundamentals strong.
So what is your next move?
rotijai ( Date: 09-Feb-2011 15:55) Posted:
| Palm at 3-yr high on supply, China growth prospects
(09 Feb, 2011)
Malaysian palm oil futures jumped to a fresh three-year high on Wednesday as traders bet on further tightening of supplies and strong economic growth underscored by China's surprise rate move.
On Tuesday, China, the world's No.2 vegetable oil buyer, raised interest rates for the second time in just over six weeks, renewing its battle with stubbornly high
inflation.
"Theoretically market should fall after Chinese government increased bank interest rate but traders think the other way round. They see it as a hint of strong economic growth within 3 to 6 months," said a trader in Kuala Lumpur.
Palm oil also drew support from concerns that the recent heavy rains and floods would have an impact on yields in Malaysia.
A Reuters survey showed Malaysia's January palm oil stocks could fall to a six-month low of 1.45 million tonnes ahead of official government release due on Thursday.
By midday, the benchmark April crude palm oil contract on the Bursa Malaysia Derivatives Exchange rose half a percent. Earlier in the day the contract hit a three-year high of 3,929 ringgit ($1,295.204) a tonne.
Overall volumes shot up to 11,559 lots at 25 tonnes each, compared to the usual 7,500 lots.
Technicals were also bullish. A Reuters analysis showed palm oil is likely to surge towards 4,060 ringgit per tonne as an upward wave (5) is advancing.
The most active Sept. soyoil contract on China's Dalian Commodity Exchange hit two-week highs, playing catch up with overseas markets that gained when the country's financial market were closed for one-week Lunar New Year holiday.
"China's markets have not recover fully as most traders still on holiday," a trader in Shanghai said. "The trade also reflect traders anxieties on world's food supply ahead of U.S.
Department of Agriculture's global supply/demand data."
The USDA report due later in the day is likely to report an additional tightening of U.S. and global soybean stocks in February, analysts said earlier, providing upward momentum for
global oils and grains prices.
U.S. soyoil for March delivery inched up in Asian trade hours ahead of the data.
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Roti boy, yes. CPO is bullish and fundamentals strong.
So what is your next move?
rotijai ( Date: 09-Feb-2011 15:55) Posted:
| Palm at 3-yr high on supply, China growth prospects
(09 Feb, 2011)
Malaysian palm oil futures jumped to a fresh three-year high on Wednesday as traders bet on further tightening of supplies and strong economic growth underscored by China's surprise rate move.
On Tuesday, China, the world's No.2 vegetable oil buyer, raised interest rates for the second time in just over six weeks, renewing its battle with stubbornly high
inflation.
"Theoretically market should fall after Chinese government increased bank interest rate but traders think the other way round. They see it as a hint of strong economic growth within 3 to 6 months," said a trader in Kuala Lumpur.
Palm oil also drew support from concerns that the recent heavy rains and floods would have an impact on yields in Malaysia.
A Reuters survey showed Malaysia's January palm oil stocks could fall to a six-month low of 1.45 million tonnes ahead of official government release due on Thursday.
By midday, the benchmark April crude palm oil contract on the Bursa Malaysia Derivatives Exchange rose half a percent. Earlier in the day the contract hit a three-year high of 3,929 ringgit ($1,295.204) a tonne.
Overall volumes shot up to 11,559 lots at 25 tonnes each, compared to the usual 7,500 lots.
Technicals were also bullish. A Reuters analysis showed palm oil is likely to surge towards 4,060 ringgit per tonne as an upward wave (5) is advancing.
The most active Sept. soyoil contract on China's Dalian Commodity Exchange hit two-week highs, playing catch up with overseas markets that gained when the country's financial market were closed for one-week Lunar New Year holiday.
"China's markets have not recover fully as most traders still on holiday," a trader in Shanghai said. "The trade also reflect traders anxieties on world's food supply ahead of U.S.
Department of Agriculture's global supply/demand data."
The USDA report due later in the day is likely to report an additional tightening of U.S. and global soybean stocks in February, analysts said earlier, providing upward momentum for
global oils and grains prices.
U.S. soyoil for March delivery inched up in Asian trade hours ahead of the data.
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hi brother epliew, welcome back!
Well... we will see if there is another opportunity after GenSp announcement.
But I doubt it.
epliew ( Date: 09-Feb-2011 15:51) Posted:
Happy lunar new year to all.
Happy for all who profit from the stock market, especially bt my source of knowledge and hope one day I will be like you turn my capital to profit....
Maybe I should open cfd account. My 60k could be 600k.....
bladez87 ( Date: 09-Feb-2011 15:14) Posted:
| o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
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As a trader, it appears you must learn to "
mau" big and average up too...
Otherwise, making kachang profits will make you lose patience.
And getting stopped out will also make you pull your hair
and bite your nails every day.
Thus, learning the right basic things is very important...
If not, your inspired $600k dream can evaporate very fast...
epliew ( Date: 09-Feb-2011 15:51) Posted:
Happy lunar new year to all.
Happy for all who profit from the stock market, especially bt my source of knowledge and hope one day I will be like you turn my capital to profit....
Maybe I should open cfd account. My 60k could be 600k.....
bladez87 ( Date: 09-Feb-2011 15:14) Posted:
| o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
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Palm at 3-yr high on supply, China growth prospects
(09 Feb, 2011)
Malaysian palm oil futures jumped to a fresh three-year high on Wednesday as traders bet on further tightening of supplies and strong economic growth underscored by China's surprise rate move.
On Tuesday, China, the world's No.2 vegetable oil buyer, raised interest rates for the second time in just over six weeks, renewing its battle with stubbornly high
inflation.
"Theoretically market should fall after Chinese government increased bank interest rate but traders think the other way round. They see it as a hint of strong economic growth within 3 to 6 months," said a trader in Kuala Lumpur.
Palm oil also drew support from concerns that the recent heavy rains and floods would have an impact on yields in Malaysia.
A Reuters survey showed Malaysia's January palm oil stocks could fall to a six-month low of 1.45 million tonnes ahead of official government release due on Thursday.
By midday, the benchmark April crude palm oil contract on the Bursa Malaysia Derivatives Exchange rose half a percent. Earlier in the day the contract hit a three-year high of 3,929 ringgit ($1,295.204) a tonne.
Overall volumes shot up to 11,559 lots at 25 tonnes each, compared to the usual 7,500 lots.
Technicals were also bullish. A Reuters analysis showed palm oil is likely to surge towards 4,060 ringgit per tonne as an upward wave (5) is advancing.
The most active Sept. soyoil contract on China's Dalian Commodity Exchange hit two-week highs, playing catch up with overseas markets that gained when the country's financial market were closed for one-week Lunar New Year holiday.
"China's markets have not recover fully as most traders still on holiday," a trader in Shanghai said. "The trade also reflect traders anxieties on world's food supply ahead of U.S.
Department of Agriculture's global supply/demand data."
The USDA report due later in the day is likely to report an additional tightening of U.S. and global soybean stocks in February, analysts said earlier, providing upward momentum for
global oils and grains prices.
U.S. soyoil for March delivery inched up in Asian trade hours ahead of the data.
Happy lunar new year to all.
Happy for all who profit from the stock market, especially bt my source of knowledge and hope one day I will be like you turn my capital to profit....
Maybe I should open cfd account. My 60k could be 600k.....
bladez87 ( Date: 09-Feb-2011 15:14) Posted:
o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
BullishTempo ( Date: 09-Feb-2011 12:34) Posted:
When I started out, I only had 30k as capital.
So yeah, consistent profits is the key |
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In addition to "
mau" big,
averaging up is another way to get rich in the stock market...
BullishTempo ( Date: 09-Feb-2011 15:18) Posted:
You can say I was lucky.
I traded one and only one counter from June to October period last year. I bought in around 99 cents for GenSp using CFD (30k becomes 300k), and I kept averaging up till it reached 2.18
Single most profitable period of my trading career so far.
bladez87 ( Date: 09-Feb-2011 15:14) Posted:
| o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
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CPO price remains high due to bad weather and thus low production and supply of CPO.
CPO resistance is at $3950 per tonne. If resistance breaks, we will see $4000.
GAR and Indo are CPO plays, not Olam.
Yes you can say Gar and Indo are good buys now at current price. As to when STI will bounce back I cannot say.
Dow has been on a winning streak for 7 straight sessions. I have a feeling Dow will have a correction tonight.
But even then, that may not stop you from buying CPO counters
rotijai ( Date: 09-Feb-2011 15:33) Posted:
so that if CPO remains this high and STI decides to bounce back..
indo,olam and GAR are good buys?
BullishTempo ( Date: 09-Feb-2011 15:26) Posted:
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Anyone know who ISS is in the counterparty?
so that if CPO remains this high and STI decides to bounce back..
indo,olam and GAR are good buys?
BullishTempo ( Date: 09-Feb-2011 15:26) Posted:
Yup.
rotijai ( Date: 09-Feb-2011 15:25) Posted:
| BT, the CPO price goes up today even after the hike in interest rate.. is that the reason why palm oil related counters dont suffer as much as other counters |
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Yup.
rotijai ( Date: 09-Feb-2011 15:25) Posted:
BT, the CPO price goes up today even after the hike in interest rate.. is that the reason why palm oil related counters dont suffer as much as other counters?
BullishTempo ( Date: 09-Feb-2011 15:18) Posted:
You can say I was lucky.
I traded one and only one counter from June to October period last year. I bought in around 99 cents for GenSp using CFD (30k becomes 300k), and I kept averaging up till it reached 2.18
Single most profitable period of my trading career so far. |
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BT, the CPO price goes up today even after the hike in interest rate.. is that the reason why palm oil related counters dont suffer as much as other counters?
BullishTempo ( Date: 09-Feb-2011 15:18) Posted:
You can say I was lucky.
I traded one and only one counter from June to October period last year. I bought in around 99 cents for GenSp using CFD (30k becomes 300k), and I kept averaging up till it reached 2.18
Single most profitable period of my trading career so far.
bladez87 ( Date: 09-Feb-2011 15:14) Posted:
| o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
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thank goodness GAR nv follow market. but maybe by saying this i might have ....
You can say I was lucky.
I traded one and only one counter from June to October period last year. I bought in around 99 cents for GenSp using CFD (30k becomes 300k), and I kept averaging up till it reached 2.18
Single most profitable period of my trading career so far.
bladez87 ( Date: 09-Feb-2011 15:14) Posted:
o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
BullishTempo ( Date: 09-Feb-2011 12:34) Posted:
When I started out, I only had 30k as capital.
So yeah, consistent profits is the key |
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my tutor also told me, why trade SGX? go NYSE. wall street. dow jones counters. when we trade, we want make it big. and to make it big we need to trade in US, where we can make it BIG or die trying.
Gaecia ( Date: 09-Feb-2011 13:04) Posted:
I'm also in training myself up but still lose money on cfd a/c thou not alot. I think its a psychological issue for me to see statistics ie. margin, cash resources ticking live at the top of platform screen which affects me alot. Whenever i see deficit on trade order, i want to cutloss. Its a sure way to lose milkshakes like that zzzz. Whenever i attempt shorts to practice textbook theory in market's live firing range, its normally half of what i will go long on to reduce risk exposure.
As for some of us here (ie. crystal, ic and jfierce) who wants to venture into US market to strike it big, please ask yourself whether you've got the fortitude to win consistently on sgx first. Nyse is the world's largest casino stock market, so you've better be a good gamer because the house is one fast ticker.
You've got to lookout for pre market gaps, opening, lunchtime chop, closing and after market hours plus news reading sometimes thru the night. Can hardly have dinner with a peace of mind or go on dates at night if into active trading. First foray into foreign waters do not go trade on cfd or options, until one plans to topup like mad. If you don't have spare money to lose, then is it worth the risk. I'm saying all these with the exception of BT aura because he's in a completely different league.
eastcivic ( Date: 09-Feb-2011 12:35) Posted:
lol i still testing my trading skills and knowledge with a small amount of money....
let's see if it is achieveable : |
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o man and from that 30k you actually made so much? gosh, i have lost nearly 1/3 of your capital or more than 1/2 of mine lol
BullishTempo ( Date: 09-Feb-2011 12:34) Posted:
When I started out, I only had 30k as capital.
So yeah, consistent profits is the key.
eastcivic ( Date: 09-Feb-2011 12:27) Posted:
" To 'make a killing' in the stock market, one has to " mau" bigly...
That is the only way to become rich in the stock market... "
i prefer to aim for consistent profits.... my goal is to win about 25% of my capital every month :D
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that would be very good :D
ic1990 ( Date: 09-Feb-2011 14:59) Posted:
1 shot power power 3120 la. haha
eastcivic ( Date: 09-Feb-2011 14:58) Posted:
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1 shot power power 3120 la. haha
eastcivic ( Date: 09-Feb-2011 14:58) Posted:
3140 please :D
ic1990 ( Date: 09-Feb-2011 14:54) Posted:
let's predict the closing level. I predict 3150 :D
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