A rumour is a rumour before the news is published but when the news is published, it might be game over by then. According to sources, KLCI will reach the moon in about 1 1/2 years time but I can't reveal the rumour as a form of respect to my friend.Because of this strong fundamental reason,the foreigners might be flooding into our stock market anytime when they receive this rumour. This is just an appetizer for everyone.
To me, whatever the rumour is, I prefer to trade according to price action.I think FKLI is not a welcoming market for swing traders because there is no shorting opportunity at all. Intraday shorting opportunities are available but if we talk about position trading, I don't see any possibility of the market swinging up and down. It's a 1 way traffic. The trend is up ..... the long term support is even see below 1400. I'm looking at around 1380 levels.
5 hours ago
You sounds like "insider" in the investment world.
ReplyDeleteHahaha...Comon, wake up, little boy.
Are you one of the people shorting the market???
ReplyDeleteThe easiest way to trade is just follow trend. In FKLI, obviously the trend is up for several months already. I just sit on the profit doing nothing. Not doing nothing actually, still need to roll over when contract near expire. No point to constantly enter and exit the market like "lost" in the forest. Do you agree?
ReplyDeleteA lot of people thought they know more about the market and tried to give the "insights" to everybody. The end result, you know lah!
Embrace yourself to face the reality. You can fool everybody except yourself.
I see
ReplyDelete