This blog is written to record down my own the
trading of Crude Palm Oil Futures (FCPO) in Bursa Malaysia. As in my other blog
IVKLS I am a strong believer of value investing (long term) which is more focus
on fundamental analysis. I start investing in Bursa Malaysia Stocks since 2014 by only investing in value
and dividend paying stock.
Since last year (year 2019), I willing to take out
some of my money to try on trading (short term), many researches had been done
since then. Initially, I though trading is about technical analysis (charting)
however “The Disciplined Trader” and “Trading in the Zone” by Mark Douglas had changed
my view completely. Trading is all about human emotion or trading psychology.
Anything can happen in the market and no one can be 100% right.
Five Fundamental Truths of Trading by Mark Douglas:
1) Anything
can happen
2) You
don’t need to know what is going to
happen next in order to make money
3) There
is a random distribution between wins and losses for any given set of variables
that define an edge.
4) An
edge is nothing more than an indication of higher probability of one thing
happening over another
5) Every
moment in the market is unique
Other books which I would like to introduce to my
viewer is Market Wizards by Jack D.Schwager.
After a year of studies about trading and trading simulation
account, I had decided to open a futures trading account on Valentine day 2020
(14th February 2020) and start trading FCPO since then. I had make
some money in future trading but I realise that to improve my trading skill I
need to record down my trade.
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