I do have the above book, how we could get excited when markets dive or there are some panic-selling seen. So, I am training myself to sense panic-selling in everyday basis. It could be panic seen in global markets, from HKSE to KLSE, or it could be panic-selling seen in a sector or just few counters!! Trying to catch the 'knives' during that moment could be very challenging as many in great FEAR for some reasons. Are you a contrarian?



I still like, as a trader, what Alessio said few months back. Many could not accept what he said ... such as, praying for recession!! Yeah ... many will suffer during recession and also when markets collapse.

Yes, as a trader ... we dont really care whether how Euro could solve their crisis or in local fronts, whether our gov going to support our KLSE or not. Leave that to them ... be focus in our own stocks, our own strategies ... and be prepared.

I do know it is 'bad' to think that about 80-90% losing money in markets and we are profitting from their losses. Someone gained, someone have to lose, right?

It is not wrong whether Goldman Sachs or our EPF profitting from trading as they are the sharks. They are the players in markets and create situation(manipulating, in other words) where the general ignorant publics will lose money. Hey, they need to survive and give good bonuses to their fund-managers, feeding some politicians and of coz giving their investors some dividends annually.

Is it wrong for winning traders to hope for markets to dive?

Be a contrarian, then. If you do not want to gain from markets, someone will. By being Mr Good wont help. Markets are there for most to LOSE, but a few to gain, If you know how market works(I dont claim I know), you could profit well.

I am still waiting for the 2012 anticipated market collapse. I missed 1997-crash as I was not even aware of the crash and I missed 2008-crash as I was the victim!! Today, I am prepared for such collapse ... euro crisis, USD-crisis ... BN to lose or anything at all that could create some panic in markets.




I am also preparing my tratles for such a crash(if any) and how we could profit hugely from it. Be prepared.

Get some education, be prepare when such events occur in front of you. Instead of panic, go the opposite way. Avoid the HERDS. REad me again, 80-90% of them in markets are losing money? Do you believe the stats or are you adding to the stats?



TEH