Thursday, March 05, 2015

Trading Workshop

3.20pm : At home ... on the bed, typing this post ... lazying. zzzz soon

wait, nice view from my bed here too.


Rarely I could be at home in the noon as I will have tuition classes. Today, the classes cancelled ... and decided to take a nap after this post. haha.

My shorts in FKLI doing well. KLCI dived 18 points at the moment. I have told my whole group to sell since last week and no buying. Many are impatient ... today still not a buy. zzzz ... only asked them to buy klci-he on Monday e-meeting.

Yes, my stock-watch group is the only group with e-meeting to explain the trades and to learn. That is becvause I am a dedicated teacher ... with passion in trading n teaching!! The e-meeting is free for my stock-watch group (contact me at cpteh@yahoo.com or 012-8210129 to join).

Last night I had another free public e-meeting ... regarding 20-rules to be a good trader. Yes, the benefit is ... able to stay at home to trade? haha. But ... it could be very stressful if you do not know how to trade well. It is MONEY on the line.

This weekend I will have a trading workshop, confirmed. So ... those who wish to learn trading (my ah-pek way), do contact me too.

Nothing much to trade as KLCI have more downside. SKPetrol dives as Mok is out. Brahims ... zzz ... MAS giving them a kick.

So ... will discuss with my cohort-16 this weekend how to take advantage of the current market sentiment to profits!!

I need to zzzz ... thanks to Liverpool's 2 - 0. Worth it.

Night

TEH

Wednesday, March 04, 2015

e-meeting : 7 rules of traders

Noon now ... busy busy busy ... 2pm to 7pm will be busy with classes next.

Last night I had an e-meeting to speak about 7 (of 20) rules in trading.

http://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp

Due to the good response, I will repeat the e-meeting tonight(Wednesday 9.30pm). YOu can see that I do enjoy sharing my opinions on trading, being a trader myself ... and still learning so much from so many people.

Do read many books ... one of the first trading-investment book I read was by Adam Khoo. That was one great book to have. Do buy 2-3 of his book. Seriously, you need to read what those successful ones written and listen to them(not the crowd).


go to https://www.facebook.com/tratles for the link before 9.30pm.

see you online.

TEH

Tuesday, March 03, 2015

e-meeting tonight : Trader's Rules


Tonight will be my first session of my e-meeting about the 20-rules trader's followed. I will speak about the first 10 rules.

I will discuss MY point of views, being a trader myself.

The e-meeting is free.

go to https://www.facebook.com/tratles

http://cpteh.blogspot.com/2015/02/20-rules-followed-by-professional.html

The second session will be next Tuesday 10th March, 9.30pm (tentative). The remaining of the rules.

See you online.

TEH

Monday, March 02, 2015

Mark Gungor : Tale of two brains








This is a VERY good clip to share.

Listen ... and reflect. It might help us ... enrich our marriage.

Share with your friends, if you think they need it.

TEH

Saturday, February 28, 2015

20 Rules Followed by Professional Traders



Booking reliable profits in the financial markets is harder than it looks at first glance. In fact it’s estimated that more than 80 percent of all participants eventually wash out and take up safer hobbies. But the brokerage industry rarely publishes client failure rates, since they're concerned the truth might scare off new accounts, so the washout rate could be much higher.

TEH : Read the above ... the WHOLE media is telling you how easy to profit and earn money from stock-trading. ARE YOU KIDDING ME? But again ... so many new ignorant REALLY believe so. If they telling you that 80% of them out there are losing money, will you move into stock-market in the first place? Now, many are talking about 100% they gained from those penny-stocks ... such as Wintoni, Eduspec, Ifca ... even, Sumatec and such.

Media ... remisiers/dealers ... investment banks  ... Bursa ...

Long-term profitability requires two interrelated skill sets. First, we need strategies that make more money than they lose. Second, those strategies must perform well while the market shape shifts through bull and bear impulses, with plenty of choppy periods in between. While many traders know how to make money in specific market conditions, like a strong uptrend, they fail in the long run because their strategies don't adapt to inevitable change.

TEH : This is consistency I m talking about with my trading-group. We want a system which work consistently ... reliable. Not those one moment up, next is down ... also don't know what is going on!!

So can you break away from the pack and join the professional minority with an approach that raises your odds for long term prosperity? Start with a clear and concise plan.

Now, internalize these 20 rules that long-time pros use to stay in the winner’s circle.

TEH : So many greedy newbies in market ... they will disappear in matter of time. Believe it, these are lazy people who wish to find sure-win tips.

1. Follow Your DisciplineDiscipline can’t be taught in a seminar or found in expensive trading software. Traders spend thousands of dollars trying to compensate for their lack of self-control but few realize that a long look in the mirror accomplishes the same task at a much cheaper price!

TEH : Simply put ... without discipline, NO ONE could be carried out.

2. Lose the crowdLong term profitability requires positioning ahead of or behind the crowd, but never in the crowd because that’s where predatory strategies target. Stay away from stock boards and chat rooms. This is serious business and everyone in those places has an ulterior motive.

TEH : Generally, be a contrarian. Do not do what others doing. 80% losers out there, in order to stand-out ... we need to move OUT of that loser-group. So, I do stay out of forums(i3, investlah, chartnexus, cari and such) and chat-rooms(FB, watsapp, telegram). I m only focusing in my own trades and communicating with my trading group. Nothing else, please. Of coz I do realize that only 20% of those reading this message agree and will do just that ...

3. Engage your trading plan - Update your trading plan weekly or monthly to include new ideas and eliminate bad ones. Go back and read the plan whenever you fall in a hole and are looking for a way to get out.

TEH : I do check my trading plan in daily basis but have a week-ly trading plan ahead. Then, I will analyse why I lose the trades (FEB score is 26-14 which is not as good).

17 rules to go ... might write in www.tratles.net

To join my e-meeting (next Tuesday night ... free-la, ok?),

visit https://www.facebook.com/tratles

nightzzz

TEH

Slow and steady


Compound Interest

of 10%

RM10,000 --- RM11,000

RM11,000 --- RM12,100

RM12,100 --- RM13,310

RM13,310 --- RM14,641

RM14, 641 --- RM16,105.10

So ... after FIVE time-period, our RM10,000 becoming RM16,105 which is about 61% increase.

of 20%

RM10,000 --- RM12,000

RM12,000 --- RM14,400

RM14,400 --- RM15,840

RM15,840 --- RM19,008

RM19,008 --- RM22,809.6

So ... after FIVE time-period, our RM10,000 has doubled (more).

This is what I meant by being patient ... trade well, gain about 10-20% per year. In five years time, our capital will be doubled.

What if we could gain 50%?

RM10,000 --- RM15,000

RM15,000 --- RM22,500

RM22,500 --- RM33,750

RM33,750 --- RM50,625

RM50,625 --- RM75,937.5

There you are ... RM10,000 becoming RM76,000

Understanding compound interest is just a very basic about increasing our financial mindset. Then, we could understand why we should NOT buy using credit-card (and paying the minimum) ... and we should not put our money in banks(only 3% per annum).

Stock market is still a good place to invest-trade. But, majority are greedy and want to get-rich-quick ... by buying into Destini and such.

THINK and reflect for the weekend. Perhaps, time to change our strategies?

Have a nice weekend.

TEH

Friday, February 27, 2015

Live below our means


Friday morning ... looking forward weekend again. Great.

KLCI at 1818 ... earning period. Presbhd ... up, next morning as report not good ... it gapped down to RM2 ... but closed strongly up ... today 2.30 ... zzz ... really Malaysia-boleh. Armada reported losses ... didn't gap-down pun. FGV shot up to RM3.90 plus before announce BAD reports ... it dived 12% the next day. Cool .... wait, I show u the FGV chart with RSI above 70 before it dived. So, if we buying ... believing it will give good reports, and it will fly ... err ... ask the operators first what they planned.


FGV dropping another 3% at the moment ... at RM2.50 support now. ouch.

AirAsia ... bad report too .... dropped to RM2.60 only, didn't dive to RM2.50 as I wanted her (from RM2.70)

So ... all those media and reports will mis-lead many of us retailers into believing them!! Haha.

Note : Never trust the media.

Ok ok .. this is a blah-blah blog. Let us find something to blah about ... for Friday's pleasure reading. Hmmm ... where am I?

Yes ... the magic word of FRUGAL.

I am no longer as frugal as I should be. In fact, I have upgraded many items since the last time I posted the items I do have at home. Lets put some updates and then ... to remind me to be frugal ... living below my means!!

Some of my ''lifestyle'' (haha)

1. TV : upgraded to 42" smart-tv from my 32''led-tv last year. When I came back to KL some 5 yrs ago, I was using my 21" Sony 20yrs-old TV. No more upgrade of TV for next 5 years? The curved-TV is nice, tho.


Guess : Which one is my bike? haha

2. Bike : No upgrades at all ... still a kapchai I used since I was back in KL. Second-hand RM3k. Thought of upgrading ... parked besides all bigger bikes yesterday. Shy only. Well, after this reminder post to be frugal, I wont upgrade in years to come. Tahan shyness.

3. Mobilephone : I was using my old-non-smart phone ... then, upgraded to Samsung-Wonder (RM1k back then 4 years ago). After 2 yrs plus, it lagged ... jammed. So, when Samsung note-3 launched months later, I grabbed Samsung-note 2. The phone is smarter than me ... and after 2 yrs, I think I still need another 2-3 yrs to know how to use the basic features. In other words, I m not smart enough for smartphone. Why bother to upgrade, right? Hope it could last me next 5 years?

4. Notebook : Yes, allowed myself to upgrade to new notebook(i7) ... as I do enjoy fast-pc. RM3k is a good-enough notebook. As for my home pc, it is still with me(re format) after 3 yrs, without upgrades. Didn't use much of home pc now ... only for my kids and wife usage. Will only upgrade again 1-2 years time.



5. Car : I am still driving my 5-yr old Proton .. recently service ... change here and there costing me few k. Upgraded my player. Nothing much. Hope my car could still stay strong to serve me for another 5 years!! Then, if possible ... Volvo XC60 will be my next upgrade?


Note : View taken from my home-office table.

6. Home : This is my largest upgrade for 2015. Shifted to new condo(from 920sq ft to 1240 sqft). As the new place needs some new items, I have upgraded washing-machine, fridge and such for my wife. When will be next upgrade? Err ... 5 years later? Lets plan.



7. Bicycle : Bought 4 bikes(2 adults, 2 kids) last year to cultivate cycling with family. Now ... zzz ... seldom. Sold off my bike(cut-loss), left 3 ... will keep this foldable one as I do still cycle if ...



8. Dining : This is something I need to remind myself to be FRUGAL. Stop feeding your taste bugs, stop increase the diameter of your belly .... !! But again ... nice dinner is something I looked forward to, when I m home ... during weekends, with my family. So ... I need to make a point to reduce in trying more of those delicious food ... the picture is OleOle-Bali, one of my fav restaurant at Empire (besides Serai). Arrghh ... I am hungry now.

Where else my money gone to?

9. Office : Upgrading my office as I m no longer working in college-office. I have one simple table at home. Another in my office!! Bought a sofa-bed ... to take a nap! Bought a book-shelf, need more items to make it cozy ... and hope to attract me to stay in office more (as I rather be lazying at home!)

10. Clothes/Shoes : I do not buy many shirts ... and my current shirts/pants should be able to last me for another 3yrs? I do bought some good shoes for exercise and kai-kai. Recently, due to emotion-driven needs, I bought an expensive ''clarks'' shoe ... heard that is it branded. Haha ... heck, I was drunk then ... now, anyone want to buy from me?

I do still think I m a frugal person ... but after reflecting from the above, I am no longer as frugal as I was some 3 yrs ago. So ... make it a Mac-2015 resolution : I WANT TO BE FRUGAL AGAIN.

Using money is a no-no. Stop doing that. Plan plan plan ... and reduce reduce reduce .... !!

Time to reflect and check on my expenses. No more upgrades needed for coming 3 years!! I have almost everything ... more than that ... from zero items 5 years ago when I was back to KL, ok?

Work work ...

off for early lunch.

TEH

Monday, February 23, 2015

7 Habits of the World's Richest People


e-mail from a friend(in i3)

Today at 2:25 AM : f or your reading pleasure Cp :) I see most of the things mentioned here are being practiced by u so you're definitely on your way if not already :) cheers

TEH : Well, thanks for sharing this article ... and let me reply it by putting my points ... I am ON THE WAY ... about 20% uphill task, bro. Haha

https://smallbusiness.yahoo.com/advisor/post/111586837942/7-habits-of-the-worlds-richest-people

Are there habits wealthy people consistently practice that impact their success? Are there traits or strategies we can incorporate into our own day-to-day lives that can give us a better chance of financial success?

In his book, Rich Habits—The Daily Success Habits of Wealthy Individuals, Tom Corley suggests there are. For five years he observed habits—which he defines as daily, unconscious practices— of 233 rich people and 128 people living in poverty. What he found were significant differences in the daily activities and attitudes of the two groups. Here are seven habits commonly practiced by the wealthy individuals he observed.

1. They’re persistent.

While we generally think of persistence as more of a personality trait, it’s certainly a habit that can be learned and practiced over time. When faced with adversity, wealthy individuals keep pushing through, knowing that success could be right around the corner. They’re persistent in all areas of their lives, not just when it comes to money-generating activities.

According to Corley, persistence is evident in everything that wealthy individuals do:

•67 percent were cognizant of and careful about how they spent their time; for instance, TV watching was limited to less than one hour per day.

•81 percent made a consistent effort to control their thoughts, feelings, and words. •80 percent had pursued a single goal for at least one year.

•88% read at least 30 minutes every day in order to increase their knowledge.

TEH : Due to 24-tight-hours per day, I do have to be very selective with what I am doing. Tho I may not have a full-time job, I do still use my morning for trading and learning the skills. I do read reports and articles on trading .. while chatting with my trading-group. So ... I do not watch TV at all ... I do not go to forums ... no time to argue or even time to know what-is-latest mobilephone, latest models of cars ... latest movies, gossips etc etc. I am so confined to myself ... I m more interested about real-living with my goals in mind. Yup, LIMITED time available ... making us appreciate every hour passed us by ... hours for giving tuition(and accumulate more bullets, waiting for that market crash or opportunities).

TIME is a commodity to me. Time to blog ... time to exercise. Time to be with my family. Time to guide and share with my trading group, time to meet relevant people ... time to structure my biz-plan, time to trade and improve my trading skills. TIME is too valuable. It is un-measureable.

I do control my thoughts, making sure only positive words staying there. I may not be good enough to control my emotion, but over the years, I have learnt how important it is to control our emotion in trading and problem-solving. Getting ourselves clouded by emotion is kinda stupid as we cant get things done, constructively. Ok  ... I score some points here as I have changed so much. I do need to control my words ... and again, I have done that quite well too.

Increase our knowledge in whatever we are doing is only LOGICAL. We could never excel in anything(trading too) if we didn't realize how much we need to learn ... re-learn and making ourselves aware of things we want to learn, what we want to learn, how long we spending time to learn ... and the knowledge just simply increase ... and we would be doing things with ease.

Trading is never easy(many advertisements telling us it is easy to earn money from trading ... use logical brain, you will know WHY they are saying so). It is constant learning ... improving ourselves and yes .... do READ.

Be persistence ... means, doing things ... day-in-day-out ... irrespective of situations, circumstances and despite difficulties(adversities). Against the flow ... being un-popular and not giving up due to pain.


2. They set attainable goals.

Whether we realize it or not, we’re constantly setting goals for ourselves. Anytime we look to the future and think about what we’d like to have or do, we’re essentially setting a goal for ourselves:

"I want to become a recognized leader in my field."

"I need to bring in more money in order to meet my financial obligations."

"I want to take an expensive vacation with my family every year."

The problem with these goals, of course, is that they aren’t specific, and they aren’t necessarily realistic. For instance, if I’m working for minimum wage, going on an expensive holiday probably isn’t in the cards for me this year.

Corley found that wealthy individuals consistently set specific, attainable goals. These goals were realistic and had a specific set of actions that would need to be carried out in order to be met.

For instance, instead of saying, “I would like to earn $1 million this year,” a more realistic and specific goal might be: “I will bring in an additional $25,000 this year by increasing my production capacity.” Assuming it’s actually possible to increase production, this is a goal that can realistically be attained through careful planning and hard work.

Corley writes, “If you want your wish or dream to come true, you need to create goals around them, pursue those goals and achieve those goals. You need to break your wish or dream down into manageable tasks that you are able to perform. The accumulation, over time, of the completed goals will move you forward toward realizing your dream. You will still need outside help and outside influences, but luck has a way of finding the prepared and the persistent.” In other words, having a dream is great, but you need to set up smaller, more manageable goals to reach along the way. As you reach these smaller goals, you check them off your list and move ever closer to achieving your dream.

TEH : will write?

3. They find a career mentor.

This is a big one; in fact, 93 percent of wealthy individuals had a mentor who assisted them on their path to success. Finding a great mentor can be challenging, but the payoff can be huge. Condoleeza Rice stresses the importance of finding a mentor, but also gives a warning: “Search for role models you can look up to and people who take an interest in your career. But here’s an important warning: you don’t have to have mentors who look like you. Had I been waiting for a black, female Soviet specialist mentor, I would still be waiting. Most of my mentors have been old white men, because they were the ones who dominated my field.”

There are many reasons mentors are such an important support, but here are a few of the key ones:

•They help you avoid mistakes they themselves have already made.

•They inspire and motivate you to stay on task and keep working toward your goals.

•They connect you with people who can help you along the way (“It’s all in who you know”).

TEH : will write?

4. They are positive.

According to Corley’s observations, the wealthy individuals he observed generally had a positive outlook on life, were upbeat and happy, and were grateful for what they had. Some more specific findings were as follows:

•94 percent avoided gossiping

•98 percent believed in limitless possibilities and opportunities

•94 percent enjoyed their chosen career

•87 percent were happily married

•92 percent were happy with their level of health

He also found consistently negative attitudes and beliefs cropping up among the poor:

•85 percent were unhappy in their jobs or careers

•53 percent were unhappy in their marriage

•78 percent believed optimism wasn’t necessary in order to be successful

•77 percent believed lying was necessary to achieve success

Attitude matters, to be sure. While it seems a far stretch to say that simply being happy leads to wealth, maintaining a positive outlook and attitude certainly can’t hurt.

TEH : I do want to think I am a positive thinker (LOL) and upbeat ... tho I am lazy(suppose to go to gym today --- Monday morning!) . I am very grateful ... in many ways, in many things.

I will avoid gossiping. Yes ... limitless possibilities and opportunities if we hardworking and smart enough to search(go for it attitude). Of coz we have to enjoy whatever we are doing ... teaching is my passion ... doing Math questions was my hobby!! Trading is stimulating and newfound hobby for me ... and teaching trading is just natural, for me!! Passion in trading and teaching!! Happier marriage now as financial stress taken out of the equation ... something me and wife struggled for every dollar merely 5 years ago!! Health ... err ... I need to exercise la.

No doubt ... it is our attitude towards our own doings determining our altitude.


5. They educate themselves.

As mentioned above, 88 percent of wealthy individuals spent at least 30 minutes each day reading in order to expand their knowledge. In addition, 85 percent read two or more books per month on an ongoing basis.

Nonfiction books like biographies, self-help books, or materials related to their business or career were all popular choices. Wealthy individuals were able to translate what they learned into actionable information they could apply to their daily decisions. They made a habit of prioritizing self-education, and used what they learned to reach their goals and improve their lives.

TEH : I do not read fiction books ... anything UN-real is out of my system. Yes. I am fully into pointer #5 ... I do educate myself constantly ... for past 7-8 years!! Well ... everyone could too, if u have pointer #1 (persistence). Imagine ... without knowledge, without guidance ... and consistency, how are we going to excel in anything?


Taken from my personal journal, my notes.

6. They track their progress.

When you live off the cuff, without much thought as to what you’re doing, it’s nearly impossible to know what you need to change or do differently in order to succeed. For instance, if you don’t keep a monthly budget, it’s impossible to know how or where you can save money.

Corley found that wealthy individuals were almost obsessive about tracking and measuring in all areas of their lives:

•67 percent kept up-to-date to-do lists

•94 percent balanced their bank account each month

•57 percent counted the calories they consumed

•62 percent set goals and tracked whether or not they were on track to achieving them

Setting and attaining goals becomes far more difficult when you have no yardstick by which to measure your progress. To give yourself the best chance of success, keep yourself organized and track the progress you’re making toward your goals.

TEH : Yes ... we should track our progress ... even we are not doing well, fail or simply out-of-way(swayed) ... we need to detour and back to our path. Everyone of us knew very well ... what we want to do. If not, then ... write down a list. Make it cautious ... this is WHAT I WANT TO DO. Then, do it ... and check progress. THIS IS NOT WORKING WELL. Then, change it ... and re-define ... easier said than done. But, that is how I progressing in my trading for past 7 years now, and STILL learning, being a novice!!

7. They surround themselves with success-oriented people.

Wealthy individuals seem to intuitively understand the importance of being around other goal- and success-oriented people. They are intentional about nurturing these positive relationships, and they invest the time and energy necessary to help these relationships grow.

Corley writes, “Wealthy, successful people are very particular about who they associate with. Their goal is to develop relationships with other success-minded individuals. When they stumble onto someone who fits the bill, they then devote an enormous amount of their time and energy into building a strong relationship. They grow the relationship from a sapling into a redwood.

Relationships are the currency of the wealthy and successful.” His suggestion is to dedicate 30 minutes each day to nurturing such a relationship. This could mean being a sounding board, giving advice, or just generally being a helpful companion. As you build and nurture this relationship, that person is likely to reciprocate and become a trusted and valuable supporter.

TEH : This is a definite so-called secret of those rich people I got to know ... who worked their a*s off ... to be who they are today, a successful person in their own endeavours!! Simply put, surround ourselves with like-minded positive people. Those seeing success as their goal ... positively encouraging each other to move up a notch, recognizing obstacles and challenges ... while maintaining their composure.

I do make sure I do not go into public-forums or following majority the herds. To stand out and find our own identity, we need to move away from the crowds (afterall, how many % of crowd are successful, anyway? There is ONE boss, 10 employees, right?)

Yes ... I do use time to know those done well in trading ... I want to learn from them. I want to hear their stories ... experiences. Every knowledge shared is a treasure for me ... yes, I created my own surrounding.

I know I am just 20% of my success journey. But, I m one determined person ... if u read my blog since 2008 ... from ground-zero .... or started to read around 2012 .... doesn't matter. I will continue to write ... and showing progress. Tick me off if you find me being swayed away ... from being a good trading-trainer!! That is my goal for 2015-2017.

Time for lunch ... will continue, as I m free today.

Teach me to be successful ... the pointers. I will heed and learn. I will appreciate those shared with me, even indirect or little. NOTHING is too little to learn. NO ONE is too great not to learn.

TEH