I was at Mid-Valley last night, bring my kids for the MegaKidz playground. Then, I went to my fav place, the MPH book-store. As always, I will be at Finance and Investment section, checking on latest books or interesting books to buy(to collect). As I was there, I saw a young Indian guy looking at a THICK technical-analysis book written by Americans!! So, I do know he should be not so experience in market yet. Looking at him, reminding me when I was new ... I was also 'lost' with so many books written about investing, trading and such.

So I said ... hi. He is guy(if a lady, I wont ... she might think I want to tackle her. Haha). Can I help? As if I am working for MPH. Haha ... and this is a first time I am approching someone to help them by giving my opinions, as if people will aprreciate that. Of coz many of my newbies readers will appreciate it when I shared some good information with them.

Anyway, I recommended him some local books such as Pauline Yong's and Adam Khoo's books. He is studying accounting in a local Uni, so I think fundamental-analysis should suit him well. As he learns more about how market works, one day ... he could look into technical analysis.

Then, I asked ... what makes him to be interested with stock-market particular KLSE? Well, the OSK's challenge and also some 'future trading' talk spurred him to look into trading! He was looking for 'future trading' books!! Wow!! That is how powerful those talks could be ... luring many into making money quick mentality.

So, I adviced him to go slow with himself ... go for those good fdundamental stocks and learn about the market movements or some called it, market pulse. Future trading and Forex are not for everyone. It is certainly not for a novice like me. I am still moving slowly with simple KLSE's stocks without making money-quick mentality. I am still humbled by markets as we could not be bigger than the market?

Books ... buy simple local books. We dont have to spend hundreds or thousands on books. Yes, reading online may not be enough. Read those simple to understand books. I am not a promoter of books(I should be, actually. Haha). I do think Pauline's simple books such as "I Love Stocks" and "Fear and Greed" are worth buying. I do like Adam Khoo's "Millionaire Investors" book ... Conrad's "Trading Psychology". Yes, I like books by Martin and Bill. I like Othman Yong's simple small book.

Books on motivations and mindset are worth having too. May of times, most of us are losing money due to lack of understand of our own emotions and how our mind works. The RIGHT MINDSET is needed to be successfully in anything, particularly in trading.

I hope the Indian guy bought some good books, I told him about my blog(haha ... self promoting) and may seek for me if he needs information or attending my trading class!! I need to make myself a name card to distribute!! Haha

Tratles : I do have about 30+ of them in my facebook group and I do not know what they are buying and such. I want to teach them how to fish, rather than giving them the fishes in weekly basis. Somehow, many following my buyings and are doing well for the few months now. That explain why they are still in the group, so hardworking to come for my meetings and classes? Hehe ... I will slowly reduce my posts about the stocks I am looking at or buying. Yes, I will slowly let them be independent. Profitting is good but ... this is still a learning space. I will want them to learn how I see trades and trade.

Malton-wb : My tratle told me he grabbed her at 0.33 last week when he asked WHY I am collecting her. Nothing much, it is just that I am seeing it to breakout soon. RSI at high level, indicators pointing up ... buy? If one bought yesterday at 0.38, I dont know if it could go higher? What I do know is to clear my 0.33-0.335 at 0.37 and holding to clearn my 0.34-0.345 level at 0.40 later will be a good trade? Well, just a trade on Malton-wb, he has covered all his fees paid to me. Haha ... and he is smart to buy smartag at 0.255. Wow ... my tratles will be doing better than me one day ... and I am very satisfied. One day I will ask him to give testimonials ... promoting my courses? Haha.

Malton : Another tratle bought at 0.67 level, following me and Malton at 0.74 level now. That is 10% in a week? How do I explain that when you take a trade, u must have a trading plan, a cut-loss point and a profit taking level? Profit? Good for them ... but what if ... err ... the trade goes against you? Then, I am lousy, right? Hmm ...

Stock-watch : This will be a place I am giving the ponds of fishes that I am looking at before I go fishing. Yes, I open it to my readers but buying-selling will still be fully their own responsibilities. NO one could be right all the time. Certainly not me ... I got many things wrong many of times. RISK is yours.

Again, I rather teach you how to fish ... looking at what ponds and using what bait to fish. At times, we could not predict the whether ... and things may not work out as planned. We have to accept it as that is part of trading.

Anyway, do buy some books to equip yourself. If you are still losing money, it is because you do not have the right mentality, do not have a good consistent system to trade well, do not have the right tools(baits) and ... yes, you do not have the knowledge and experiences in markets. It is OK ... just learn to improve yourself. Many of times, it is your ego putting you down. If you could let go of your ego, control that emotion of yours(go for yoga or meditation classes) ... increase your knowledge, you will not be like those 80-90% those losing money in markets.

It is my 'task' to make sure my tratles and e-tratles to learn 'How not to lose money" and I think I am serious about writing a book or e-book about that. Do not think about profits yet .. think of not losing your mney.

Good Luck for the trade today ... yup, you do need luck if you are without knowledge but treat stock-markets as a place to bet or punt.

9.15 am : KLCI down almost 10 points. Oh boy ... that compound my mood as Liverpool lost to 'lowly' team again. Sigh. The fear that Euro will be down-graded? Just like they downgraded US? Hmm ... will Malaysia be downgraded? Liverpool certainly being down-graded now. Sigh

DiGi : At 3.65 ... watching.

Malton-wb : Time to take profit off the table?

10.40 am : KLCI still about 10 points down.

Malton-wb : Sold at 0.38 and 0.385.

Familiarise yourself with Jupiter Online

This training session entitled 'Familiarise Yourself With Jupiter Online' is aimed at showing participants the many features & functions available on Jupiter Online. By knowing all these great tools, it would be of great help to you to trade and profit from the market.
Date : Thursday, 8th Dec 2011 (English) Register Now!
Time : 6.00pm ' 6:30pm ' Registration & Refreshment

6:30pm ' 8.30pm ' Training

Venue : Jupiter Securities Sdn Bhd

Level 9, Menara Olympia, No.8, Jalan Raja Chulan,

TEH : I am thinking of going for this one but I hope the Subang Jaya's branch will organise one soon. Anyone going there ... we can chit-chat?

1.15 pm : HSI down alomost 300 points now tho DOW up 80 points. Ouch.

Proton ... what a story. Hmm ... a nice trading stock, actually. From 4.60 to 4.00 and back to 4.40. Nice 10-20% trade!! Hehe ... err ... halt? WTF is that for?

DRBHicom ... in picture and related to Proton. Well, these are donkeys running our country and also those who manipulate the stocks to their advantage. Anyone buying Proton at RM4.60 or DRB at RM2.35 this morning? Guess who is laughing? The manipulators!! Congrats to Bursa for issuing UMA on the parasite Proton, bleeding like shit even tho gov controlled the auto markets!! It is run buy VERY incompetence people up-there and we know who? Perhaps DRB might want to see the marriage(forced) between Proton and VW, in which they(Proton) failed to woo VW previously. Heck, it is all very dirty politics here. Proton will be here to ... stay.

2.55 pm : Malton-wb a nice trading stock at the moment. Breaking 0.40 now.

TEH