DOW was up intitially about 90 points, but moved lower below 12k level before closed about 10 points lower. The volatility is high as US market looking for a direction.

Can KLCI maintain its momentum it has gathered yesterday? We shall see ...

I will be too busy to trade today, will only be looking at UEM and Genting.

Trading class : The coming Friday class is full(5 of them). It will be a series of four two-hour sessions learning BASICs of tradings in elementary level. It will be held for four Fridays(fortnightly). Many asking for more details but I shall begin with this batch which I shall called them 'cohort 1'. Welcome to trading, my way. Haha.

At the moment, Saturday class is still open and I still need one person to start! Then, it will be four Saturdays(fortnightly) and will be called 'cohort 2'. I do hope I could start coherently as those who cant make it next Friday could join the next Sat class and so on.

If I have enough number, I will have another cohort for next Friday. Some later-takers have to take this slot, ok?

Finding time(sacrifing) to LEARN is most difficult for most of us. The problem with MANY is that they want quick results and THINK that they do not need to learn. Yet, we spent years in Uni to get our degrees, spent so much of money and efforts to be the PAPER qualifications in order for us to WORK?! I see that I am in my third year of learning and might graduate by end of this year. I might want to move on to get my 'Master', so to speak. Haha.

I am just a tutor ... those coming to me to learn, I treat it as a 'tuition' class. So, I am not a competing for the market-share of 'students!! Please attend Chart-Nexus, NextView, Martin's courses and such for learning. That is proper lecturers, I am just an under-grads giving tuition. Hehe. That is how I see it.

1.05 pm : KLCI in red? Down 1.44 points. Hmm ...

MahSing-cb : Wow .. moving back to 0.30 from 0.20 level. Nice!! hehe. After seeing it shooting so high, MANY will start to ask 'can buy ar'? I have a reader, WC who bought at 0.205 when I alerted him at 0.20 level and told him I m moving in. I do move in and out of her many times so far and since today strong surge up, many late-comers will want to buy, I will sell. Thanks.

LionInd : Lion's group roaring back.

Coastal-wa : In red now, still checking on her.

Kulim-wc : At 1.33 now, I m still holding to Kulim-cc as queue to clear at 0.110 not done yet. Kulim is overbought now and time for me to exit when many more coming in. Yes, I do not like those herds rushing in, showing that distributions will be in anytime next.

JCY : What's up ... long time no see? Reversal from the bottom OR bull-trap where someone push it up so that to trap MANY greedy punters/traders(that is how we lose money too) only to push it DOWN below 0.50 later? It could be someone want to release their holdings on her(seeing USD would not recover any time soon or what??) ... or it could be real bargain hunters coming in to buy her at this low level. Cheap could go cheaper, you see.

4.50 pm : Market is closing, down 4 points.

Why majority of us LOSE money



Do listen to the above carefully and also FACE it. I like these TRUTH ... no BS(he said, ok? haha). Why mojority still LOSE money in markets(equity or forex).

TRUTH no 1 : Majority lose money. Some said 80% or 90% STILL losing money in KLSE.

TRUTH no 2 : The largest SHARK is our BROKERS. Read this clearly, then you know why I wont look at their target prices.

Yes, I am moving to forex but I will learn more of my technical analysis first.

1. Largest market and liquid
2. Can long or short
3. High leverage
4. Currency not companies

4.05 pm : I am reading http://www.smh.com.au/business/world-business/us-debt-deal-wins-approval-in-house-of-representatives-20110802-1i8um.html

As my 'students', I will share with them some informative videos(to be sent to e-mail) and learning market psychology. NO GREED needed, reduce risk thorugh knowledge and being realistic. If 80-90% out there are LOSERS(they will pay thousands to attend a course or courses, buying the latest softwares etc etc but NEVER look inside themselves!!).

Next ... as I am NOT doing things what other companies will teach or do, BEAR with me. I prefer to be REALISTIC. If you think that an 2-hour 4 classes will make u a winner in the market(haha ... allow me to laugh), then you are mistaken again. We are in learning to protect ourselves from the SHARKS.

Change your perpectives and the way you see. Otherwise, you will never learn. Be honest, that is difficult, right?

TEH