Honesty is the best policy

I love putting my nose on other people's side . That's just a figure of speech of being busy body.Alot of the futures traders that I'm chatting with are shorting FKLI and some bloggers are also shorting FKLI. Some said, there are out of the market. Some said they are long. Well,I am just curious.... the most important thing is being honest. I respect honest traders who admit their losses because by being honest, he/she will be able to improve, that means this type of traders have controllable ego.For example, an ex colleague loves to ask me how am I performing in the market. To be frank, I hate people asking me this question whenever I lose a lot of money but like I said, honesty........is........the best policy. :) We never hide our losses! Whenever I start making money and becoming "egoistic" again, I tend to take revenge by purposely asking him how much is he earning in the sales industry. To be less straight, how much volume did he generate. He always tells lies! Yesterday,I indirectly told him that I know about everybody in the banking sales line...asking him don't underestimate my ability to check him out. The banking line industry is very small... There is just a few banks that have their own sales force and I know people from every single bank.The network is connected .
Blogging about trading is the same. When we bloggers make money, we tend to blog more often. See the pattern here??? When we lose money, we might even hide our losses or blog very less. LOL. I'm just one of them...remember?? When I faced heavy losses in the month of May / June, I decided to stop recording my trades ! Human nature la. Those bloggers who record their trades take heavy responsibility and pressure from outside ,to be very honest. This is the society that we live in today.

Technically, I am very optimistic that FKLI will go up on Monday. It will definitely gap up and once it is above Friday's high, I will plan my long entry. But there is a problem here! Based on TA , it is okay to long but based on history, it might not be good to long because Tuesday is a public holiday and futures traders dont like to carry positions overnight during holidays! So, the long traders of FKLI will dispose their contracts normally at the end of the day(monday). Judging based on the market psychology, I still think that there are not much buyers in the market. I think that the market is going up due to short covering more than buying. So,since that the confidence is only low to medium, it is advisable for those who want to long to enter the market with minimum lots. 1 lot to me is good enough.

As we know,I suggested that we long FKLI on pullback and long CPO on breakout. Everyone has his own resistance and support. My resistance will be broken on Monday and therefore, a long entry will be established in CPO on Monday ( my long entry is very near ).

All the best in trading!