Morning .. it is a day off in Selangor. I woke-up in the morning reading "Even Madder about Malaysia" by Dean Johns, my lastest collection of books. Haha. Wish I have the TIME to read all her books. Interestingly written about our Malaysia's politics!!

http://deanjohns.wordpress.com/

Anyway, DOW down with Gold and Silver continue to climb.

As I have cleared my WCT-wb and SP-wb, I grabbed HapSeng-wa before market close yesterday. Yes, I do know I m free today(due to the break) to play ding-dong with her. Other than that, nothing much to buy while I will be busy preparing for my Friday class.

Trading Class : As one of my turtle in cohort-2 discontinued, I am left with only 2 of them for the Saturday class. That will be costly, tho I only charge RM150 per hour. So, I am suggesting to them to join my cohort-1 which on Fridays and might make it more frequent. It is shared by all, so it will be cheap(around RM50 per person only). Yes, I want to make my classes the cheapest in town(cheap is not good?) so that it is affordable to those want to learn more about markets and trading. It is for educational purposes, no stock-picking and such.

In module 4 or 5(lengthening it as more in the class will take more time for a class), I hope I will start to share the "Fear and Greed" book with them. Without simple understanding about demand-supply and fear-greed, one will be going through the roller-coaster emotions trading in markets.

Pauline Yong : I am asking my 9-turtles to buy your book "Fear and Greed". Some even bought "I love stocks". So, all together I have 16 turtles bought your books. And also, promoting it here ... err ... can I have a free drink on you? hehe

Note : Please note that my trading class is open to all Malaysians(even non-Malaysian ... I have an equiry from a man fro UK, coming to study in KL around OCT and booking my classes!! Interesting?). I do have Malay, Indians tho mostly Chinese. I am a MALAYSIAN, not a Chinese, mind u.

HapSeng-wa : WOW ... queue to clear at 0.45 done moments ago while I was writing above.

Off for breakfast now.

10.10 am : Well, KLCI staying at 1500 level and the top-5 most actively traded counters are ACE-kacang-putih counters : Eduspec, Sanichi, DVM, PLabs and MNC. What does that mean? Goreng-kau-kau by syndicates to trap those greedy-ones, then dump them soon. Another 3 sisters of their not far away CyBert, Catcha and Ingens.


HapSeng : So, with her baby is born, we shall see her recovering/recuperating ... normal for Chinese, it takes a month of 'pantangs' and such. At 1.35 today ... two green-histogram, stoc bullish-crossover in oversold region. Increased in buying volumes ... so, that makes sense enough for me to punt into her new baby? It is still better than WCT-wb and SPSetia-wb as the music just started ... but when will it ends?

HapSeng-wa : Bought back at 0.435 and 0.440 done. Lets see ...

MAS and AirAsia : In red today ... time to buy?

AirAsia-cn : This one low premium, expiry so long. Good to punt. Track.

2.50 pm : Wow ... HapSeng-wa up to 0.47 now. So, at what price should I take profit again?

ESSO : Up from 4.20 to 4.85 now. Flew off ... bye-bye.

Kulim-wc : Coming alive again, up 8% to 1.28 now.

4.25 pm : A nice ding-dong with HapSeng-wa ... touched 0.50, my queue to clear at 0.48-0.49 all done. Ok, grabbing back ass momentum still there. Watching HapSeng at  1.38 now.

HapSeng-wa : What a good trade and luckily I am OFF day. Hehe. I just grabbed back at 0.490 average now and it is at 0.495. See later any sharks dumping her. It touched 0.505.

Herd Mentaliy

We are programed to CONFORM. I read this line ... and was thinking how true it is. Recently S.Dali ranted about Moon-cake(Haha ... a good one, indeed) and I have always have my own rant about Exams Results.

Now, if u dont know what Angry-Bird is, you are out-dated. I am. I am still blur about what it Angry Bird and asked one of my students! He told me that it is a game where something shoot something and the bird is angry. Haha. Something like that-la. So, being ignorant ... I am a laughing stock!! I dont even know what Harry Potter's stories are about, then decided to watch an episode. It is about a wizard boy, I think.

Now, about the exams-results which I will normally laugh-out-loud(LOL) when anyone stating that a student obtained an A* is 'better' than the student obtained A. Or A is 'better' than B. What?? Sure?? The word better is losely used. Better in what sense? THINK ... we should pause awhile before we think of such statements. If an acedemically inclined students got an A, when he should get an A*, it is not an achievement. If we have a student struggling for the whole year from an E level to obtain B, will you see him as not better? THINK ... as better is RELATIVE.

Back to my point ... think a while. We are PROGRAMed since young by our surrounding or society to CONFORM. Yes, following the herd mentality.

I have always been 'abnormal' or seen as absurd. At times, plain STUPID. That is because I questioned too much, seeking for answers to the many WHY-WHYs in my head and refuses to conform. Do you think a normal person could blog everyday for 'free'? Hmm ... that is plain stupid, right? To think of sharing information and knowledge with others? Hmm ...

We all read about CONTRARIAN trading/investing. Yeah right ... read about it but it is difficult to be a contrarian ... because we are PROGRAMMED. You may used the word brain-washed and such. Whatever ... we might not realise what we are doing and why we are doing it. We are in dazed ... we refuse to rationalise, we rather following the leader, the crowd. We cant be wrong following them, right? Even we are 'wrong' ... so what? We have the majority following us. We feel the comfort of 'You are not alone' kinda consolation.

That is what happening in markets ... we follow the crowds. Some might heard many said that market is a casino/ a scam.You are certainly bound to lose money in money(I agreed, partially.) Some heard the opposite ... money could easily be made through markets. This is especially true when one ignorant or greedy novice read an ADVERTISEMENT about a certain system where we are SURE to double our capitals in less than what we thought possible - for example, 100% to 300% profits in less than a month!! Read about such advertisements and PAUSE to THINK about? Hmm ... GREED in us, herd mentality, actually.

That is why my trading classes will NOT attract many. Reasons could be

1. not a stock pick class --- I just want to know what to buy to profit la mentality
2. need to learn to trade --- I am too busy and lazy to learn la mentality
3. no guarantee of profits --- I want a sure win trade can ar? mentality
4. add in more --- i just follow my hot tips to buy la mentality

Know why 80%-90% of us losing money? How are we going to beat so many big-sharks there with our mentality? We are ikan-bilis ... we follow the herds and moving into sharks mouth. Who is laughing at us? Pause to think than u will slowly understand why you panic and sell for loses during the peak-fear. Think again too why now only you started to buy ... or thinking of buying?

Good luck in your trading. It is easier said than done to be a contrarian.
TEH