9.30am : Morning ... it is Thu. DOW up another 145 points ... great, our KLCI lagging behind and I just closed my FKLI long ... my 5th consecutive winning trades in FKLI. It is tough as I have lost to FKLI ... many of times. Now, I m more cautious and focus ... patiently wait and apply technical charting.

Day-trading : It is very difficult to day trade stocks ... simply because we have so many stocks to watch and also keeping updates on each of them(the news, rumours and such). Also ... we need larger capital to trade stocks, unless ... what many retailers doing are getting margin(t+4) and/or trading penny-stocks!! To me ... that is not the way to trade as we are against the operators who goring up-down those hot-penny (AAX, Vivocom, GPacket, KNM ... we have missed IFCA, SMRT and gang ). We will lose ...in long run(if you are one of those greedy newbies ... using margin to trade these penny-stocks, you are exposing yourself to very high risk.

So ... I was in that situation too ... trading call-put warrants is extremely risky too(we could lose a lot). So ... I was asking ... how do I day-trade at home? I was planning to quit my full-time job .... give tuition part-time and trading too!!

Then ... some 3 years ago, I ventured into futures (FKLI/FCPO). We formed a group, followed an experienced trader but  ... and many of us got badly burnt, quit for 1 year plus ... and few of us gathered back and re-started last year!!

Yes ... I was focusing in FCPO ... and doing well once I got the trading system to trade. It is more of patience ... emotional control etc etc ... not the system.

10.05 am : Morning ... it is Friday now ... I stopped somewhere yesterday ... lost the momentum to write about day-trading. haha.

Anyway, I missed the whole 50points in FCPO yesterday. Gained RM400 yesterday was considered good as I m aiming for an average profit of RM200 per day (roughly RM1k profit per week).

AirAsia : Pressed down to RM2.12 support level(ex-div 4cents yesterday) and gap up this morning!! I didn't buy ... few in my members were asking and some bought at RM2.15 level ... wow. Daring and confident of AA giving good QR. At 2.30 resistance level now is a SELL.

11.30am : I am back after ... made amateurish newbie blunders in my FCPO this morning, and now in paperloss. I shorted. Anyway ... we shall see how it pan-out.

Need to fetch my girl ... and continue after lunch.

Note : If you are reading this from i3 or other forums, it will NOT refresh to update. You need to come to www.cpteh.blogspot.my for the updates ... as I will continue the post HERE instead of creating a new post .

TEH