Saturday, October 17, 2009

FBMKLCI 1300?

FBMKLCI is expected to move to 1300 in respond to the Budget to be presented by the PM DS NAJIB TUN RAZAK.

Saturday, August 15, 2009

Starting Capital: Important Considerations for Trend and Systems Traders

Starting Capital: Important Considerations for Trend and Systems Traders

(March 03, 2009)

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There is no stated minimum capital to trading as a trend trader. There is no magic number. There are many factors related to starting capital not the least of which is your own personal discipline and ability to stick with a system. Immediately question anyone that promises you a magic number of how much you need to win. No one can guarantee you profits. Rather than focusing on starting capital, decide how you are going to trade since you can trade a wide variety of instruments from stocks to currencies to commodities across exchanges in nearly every major city in the world. A top trader was asked how much money must one have before starting to trade. He responded:

I'd ask a trader who thinks he needs a certain amount before he can trade exactly what amount he would need to stop trading.

His point? There is no dollar amount too little nor dollar amount too much.

More Quotes, Anecdotes and Thoughts on Capital

  • "What you're asking about [are] rates of return, what you can reasonably make. And I’ve found that my trading style with small amounts of money allows around a 300% return." [source: Richard Dennis]
  • Ed Seykota, profiled in Jack Schwager's Market Wizards, is a Trend Follower. He traded $5,000 into $15,000,000 in 12 years in his model account.
  • "I know of a few millionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions....This is one of the few industries where you can still engineer a rags-to-riches story. Richard Dennis started out with only hundreds of dollars and ended up making hundreds of millions in less than two decades - that's quite motivating." [source: William Eckhardt]
  • Trading equities (through the Nasdaq market) and LEAPS options are viable options for trend trading. Obviously, tech stocks have provided some of the greatest trends of all time.
  • FX or currency markets allow traders to use up to 50:1 leverage. You can execute trades up to $100,000 with an initial margin of $2000. However, while leverage allows traders to maximize their profit potential, potential for loss is just as great. A more conservative margin trade would be 5:1 or 10:1, but ultimately it is based on your tolerance for risk.
  • Trading commodities can involve high leverage, giving high profit potential (and risk potential). A $1,350 security deposit will control a Silver futures contract which contains 5,000 ounces of silver. So when the price of Silver is at $5/oz. the contract is valued at $25,000. A change in the price of Silver by 1 cent results in a $50 change in the value of your futures contract either for or against you. A Silver price move of 10 cents in your favor makes you $500 in profit.
  • Read the bios of the many famous traders listed on TurtleTrader.com. Most got started with very little capital. Ultimately, it's your passion to win and your self-discipline to stick with it that makes a difference. Starting capital has very little impact on your success.

Common Sense: A View on Starting Out

If you don't have enough confidence or capital to start trading, learn how to trade successfully by spending some time each day performing paper trade analysis. Armed with paper instead of your hard earned money, teach yourself the rules and hold off actually trading until your bankroll is sufficient. This is a sensible alternative to wasting money on sub-par trading systems or worse, trading with no system at all. Go to school.

Summary

We don't pretend trading isn't risky. It is risky. You win and you lose. But, trading is a zero-sum game. That means the winners take from the losers. A solid plan is the first step toward winning from the mistakes of the losers.

Saturday, July 25, 2009

THE REAL SUCCESS

The real success is far you can obey Allah SWT following the Sunnah of Prophet Muhammad SAW

Allah SWT Maha Hebat

Disisi Allah SWT, yang mulia ialah yang taqwa dan beramal soleh

Saturday, June 27, 2009

Jerry Parker Is the Most Successful of the Turtle Traders

Jerry Parker Is the Most Successful of the Turtle Traders

(December 03, 2008)


R. Jerry Parker (click above to show magazine cover)

Jerry Parker has made the most money as a Turtle. His achievement as the best and most profitable student of Richard Dennis is unquestioned. Some "others" might call themselves the most successful Turtle, but Jerry Parker's track record proves them incorrect.

His company is Chesapeake Capital:

Jerry Parker founded Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. Chesapeake provides investment and portfolio management services to both private and institutional investors worldwide. Mr. Parker began his portfolio management career in 1983 when he was accepted into the Turtle Program, a select investment training program developed by a successful Chicago portfolio manager. When the program ended in 1988, after almost five years of trading proprietary capital, Mr. Parker decided to continue his professional money management career by forming Chesapeake. Chesapeake?s specialized investment approach offers investors the potential to participate in, and profit from, price trends not typically available through traditional portfolio strategies. Chesapeake?s investment portfolios are not biased toward long or short positions and, therefore, can profit in both rising and falling market environments. Chesapeake actively monitors, and has the potential to invest in, over 90 markets worldwide. These can range from tangible assets, such as coffee, crude oil and gold to global financial instruments, such as German government bonds, U.S. stock indices and global currencies.

More on Jerry Parker.

NOTE: If you want to learn about trend following trading in general there is one definitive text: the bestselling classic "Trend Following: How Great Traders Make Millions in Up or Down Markets" by Michael Covel. If you want to learn about the most famous group of trained trend following traders, the Turtles and their teacher Richard Dennis, "The Complete TurtleTrader" by Michael Covel is the only complete biography (with all of the Turtle rules) available. If you want to learn trend following techniques and systems through advanced home study and or seminars click here.

Friday, June 26, 2009

‘Sultan was right not to dissolve Perak assembly’

‘Sultan was right not to dissolve Perak assembly’

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PUTRAJAYA, Fri:

Sultan Azlan Shah was right in not dissolving the Perak State Legislative Assembly in February because it was barely one year old, Court of Appeal Judge Datuk Md Raus Sharif said.

In his 49-page judgement dated June 2 released today, justice Raus said that in order for a dissolution of the assembly to take effect under Article 36(2) of the Perak State Constitution as requested by the then Menteri Besar Datuk Seri Mohammad Nizar Jamaluddin, the assembly must be in the conclusion of the five-year term when a general election is contemplated.

"It was well-known fact that the general election had been held barely one year ago," he said, adding that Nizar had applied the wrong provision when requesting for the dissolution of the assembly.

He said Article 36 of the Perak Constitution was only a general provision empowering the Sultan to prorogue or dissolve the assembly after the conclusion of the five-year term.

Nizar should have instead requested for dissolution of the assembly under Article 16(6) which states that if the menteri besar loses the confidence of the majority of the members of the assembly, then, unless at his request of the Sultan, dissolves the assembly, he shall tender the resignation of the Executive Council.
Raus also said that the question of Perak having two menteri besar did not arise because Article 16(6) demands that once the menteri besar was made to know that he had lost the confidence of the majority of the members of the assembly, he should take the honourable way out by tendering his resignation.

"If the menteri besar refuses or does not tender his resignation and the resignation of the Executive Council, as had happened in this case, the fact remains that the Executive Council is dissolved (which include the menteri besar) on account of the menteri besar losing the confidence of the majority of the members of the legislative assembly," he said.

Therefore, it was unnecessary for the Sultan to remove Nizar and the other members of the Executive Council, he said.

He said Datuk Seri Dr Zambry Abdul Kadir’s appointment as the menteri besar to succeed Nizar was made according to the Perak Constitution and established democratic practice and convention.

"The Sultan of Perak in exercise of his royal prerogative under Article 16(2) of the Perak State Constitution is at liberty to appoint another menteri besar to replace Nizar," he said.

Raus said the Sultan, however, must appoint someone who has the command and the confidence of the majority of the members of the assembly and in this case, there was no doubt that Zambry had the majority support of 31 members out of 59 members of the assembly.

"The circumstances in the present case clearly shows that on Feb 5, Nizar no longer had the confidence of the majority of members of the assembly. There were signed letters from 31 members pledging support to Barisan Nasional which were presented to the Sultan," he said.

He also said Article 16(6) does not express mandatory requirement that there must be a motion of no confidence passed by the assembly against a menteri besar before he ceases to command the confidence of the majority of the members.

"The fact that a menteri besar ceases to command the confidence of the majority of the members of the assembly can be established by other means. It cannot solely be confined to the vote taken in the assembly," he said.

Meanwhile, justice Ahmad Maarop who presided over the case with with Raus and Datuk Zainun Ali said Nizar must tender his resignation once he lost the confidence of the majority of the members of the assembly and when Sultan refused his request to dissolve the assembly.

"His refusal to tender his resignation and the resignation of the Executive Council was not merely a breach of convention and undemocratic but more importantly, it contravened the clear mandatory constitutional command under Article 16(6) of the Perak Constitution and therefore unconstitutional.

"Thus, since he had ceased to command the confidence of the majority of the members of the assembly, it is implicit that on his refusal to tender the resignation, the Executive Council is thereby dissolved and the office of the menteri besar vacated." Ahmad said he was also of the view that the Sultan’s power to dismiss the menteri besar was implicit in the event the menteri besar refuses to resign although he has ceased to command the confidence of the majority and the Sultan withholds his request to dissolve the assembly. "In my judgment, the situation confronting His Royal Highness in the state of Perak was one such situation, and His Royal Highness had, in that critical situation rightly exercised his constitutional powers provided under the State Constitution, which exercise was without any doubt, solely for the best interest of the people of Perak," he said.

Datuk Zainun Ali’s judgement is expected to be released on Monday.

The three Court of Appeal judges had on May 22 ruled that Zambry was the legitimate menteri besar of Perak, reversing an earlier High Court decision in Nizar’s favour.

The Federal Court is to hear Nizar''s application for leave to appeal on July 9 and 10.

Nizar, 52, was appointed Perak menteri besar on March 17 last year after the DAP-Parti Keadilan Rakyat-Pas alliance won 31 seats in the state assembly in 12th general election.

Less than a year later, they lost three members who declared themselves independent and lent support for Barisan Nasional that then had 28 seats in the assembly after a representative who had jumped ship earlier made an about turn.

Sultan Azlan Shah then asked Nizar to step down and swore in Zambry after finding that Barisan Nasional had the majority in the state assembly.

Following this, Nizar initiated the legal action to seek a declaration he is the rightful menteri besar and an injunction to bar Zambry from discharging his duties. - BERNAMA

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PUTRAJAYA, Fri:

Sultan Azlan Shah was right in not dissolving the Perak State Legislative Assembly in February because it was barely one year old, Court of Appeal Judge Datuk Md Raus Sharif said.

In his 49-page judgement dated June 2 released today, justice Raus said that in order for a dissolution of the assembly to take effect under Article 36(2) of the Perak State Constitution as requested by the then Menteri Besar Datuk Seri Mohammad Nizar Jamaluddin, the assembly must be in the conclusion of the five-year term when a general election is contemplated.

"It was well-known fact that the general election had been held barely one year ago," he said, adding that Nizar had applied the wrong provision when requesting for the dissolution of the assembly.

He said Article 36 of the Perak Constitution was only a general provision empowering the Sultan to prorogue or dissolve the assembly after the conclusion of the five-year term.

Nizar should have instead requested for dissolution of the assembly under Article 16(6) which states that if the menteri besar loses the confidence of the majority of the members of the assembly, then, unless at his request of the Sultan, dissolves the assembly, he shall tender the resignation of the Executive Council.
Raus also said that the question of Perak having two menteri besar did not arise because Article 16(6) demands that once the menteri besar was made to know that he had lost the confidence of the majority of the members of the assembly, he should take the honourable way out by tendering his resignation.

"If the menteri besar refuses or does not tender his resignation and the resignation of the Executive Council, as had happened in this case, the fact remains that the Executive Council is dissolved (which include the menteri besar) on account of the menteri besar losing the confidence of the majority of the members of the legislative assembly," he said.

Therefore, it was unnecessary for the Sultan to remove Nizar and the other members of the Executive Council, he said.

He said Datuk Seri Dr Zambry Abdul Kadir’s appointment as the menteri besar to succeed Nizar was made according to the Perak Constitution and established democratic practice and convention.

"The Sultan of Perak in exercise of his royal prerogative under Article 16(2) of the Perak State Constitution is at liberty to appoint another menteri besar to replace Nizar," he said.

Raus said the Sultan, however, must appoint someone who has the command and the confidence of the majority of the members of the assembly and in this case, there was no doubt that Zambry had the majority support of 31 members out of 59 members of the assembly.

"The circumstances in the present case clearly shows that on Feb 5, Nizar no longer had the confidence of the majority of members of the assembly. There were signed letters from 31 members pledging support to Barisan Nasional which were presented to the Sultan," he said.

He also said Article 16(6) does not express mandatory requirement that there must be a motion of no confidence passed by the assembly against a menteri besar before he ceases to command the confidence of the majority of the members.

"The fact that a menteri besar ceases to command the confidence of the majority of the members of the assembly can be established by other means. It cannot solely be confined to the vote taken in the assembly," he said.

Meanwhile, justice Ahmad Maarop who presided over the case with with Raus and Datuk Zainun Ali said Nizar must tender his resignation once he lost the confidence of the majority of the members of the assembly and when Sultan refused his request to dissolve the assembly.

"His refusal to tender his resignation and the resignation of the Executive Council was not merely a breach of convention and undemocratic but more importantly, it contravened the clear mandatory constitutional command under Article 16(6) of the Perak Constitution and therefore unconstitutional.

"Thus, since he had ceased to command the confidence of the majority of the members of the assembly, it is implicit that on his refusal to tender the resignation, the Executive Council is thereby dissolved and the office of the menteri besar vacated." Ahmad said he was also of the view that the Sultan’s power to dismiss the menteri besar was implicit in the event the menteri besar refuses to resign although he has ceased to command the confidence of the majority and the Sultan withholds his request to dissolve the assembly. "In my judgment, the situation confronting His Royal Highness in the state of Perak was one such situation, and His Royal Highness had, in that critical situation rightly exercised his constitutional powers provided under the State Constitution, which exercise was without any doubt, solely for the best interest of the people of Perak," he said.

Datuk Zainun Ali’s judgement is expected to be released on Monday.

The three Court of Appeal judges had on May 22 ruled that Zambry was the legitimate menteri besar of Perak, reversing an earlier High Court decision in Nizar’s favour.

The Federal Court is to hear Nizar''s application for leave to appeal on July 9 and 10.

Nizar, 52, was appointed Perak menteri besar on March 17 last year after the DAP-Parti Keadilan Rakyat-Pas alliance won 31 seats in the state assembly in 12th general election.

Less than a year later, they lost three members who declared themselves independent and lent support for Barisan Nasional that then had 28 seats in the assembly after a representative who had jumped ship earlier made an about turn.

Sultan Azlan Shah then asked Nizar to step down and swore in Zambry after finding that Barisan Nasional had the majority in the state assembly.

Following this, Nizar initiated the legal action to seek a declaration he is the rightful menteri besar and an injunction to bar Zambry from discharging his duties. - BERNAMA

Singapore military picks first Malay general

Singapore military picks first Malay general

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SINGAPORE, Fri:

The Singapore Armed Forces (SAF) will create history on July 1 when it appoints a Malay general.

Colonel Ishak Ismail, 46, a senior Malay officer who has served for 28 years in SAF, is being promoted to Brigadier General, local media reported today.

He was one of the five SAF colonels (the other four non-Malays) who received their appointment letters as Brigadier Generals and a First Admiral during a function at the Defence Ministry yesterday.

Singapore has been criticised by various parties especially the Malay leaders and communities in and outside the island republic including Malaysia for seemingly practising a policy of not giving Malay SAF personnel opportunities to rise to the highest ranks due to concern over their loyalty.

Col Ishak who is SAF Sixth Division Commander since August last year, is among 464 SAF full time and National Service officers promoted this year.
"If this promotion is seen as something that can inspire others, it will also indirectly motivate them to work hard and achieve excellence every time," he was quoted by Berita Harian Singapura as saying.

Member of Parliament Zaqy Mohamad was quoted by Today newspaper as saying that Col Ishak’s achievement was a milestone for the Malay community in Singapore.

"It’s been talked about that you don’t see Malays serving in the upper echelons of the SAF. Now you’'ve got one, so it dispels some talk," said Zaqy who added that Col Ishak’s promotion would pave the way for more capable candidates in time.

"I hope it’s not seen as a token appointment," he said.