Be prepared for a new leg of downtrend coming next week starting from 30 Nov 2009. News that Dubai World, the emirate’s main development engine, was asking creditors to delay paying back its $60 billion debt, triggered a heavy selling pressures on the equities and commodities market. Hong Kong’s Hang Seng Index (HSI) dropped -1,075.91 points (-4.84%) to 21,134.50. Japan Nikkei dropped more than 300 points to 9,081.52.
Be prepared for heavy selling pressure on the US stock markets today as it re-open after yesterday holiday. Expect more selling pressures next week. It’s time for a stronger correction to the previous rally.
Authored by Benjamin Lee on 27 November 2009 with no comment.
All stock traders had their good and bad days. In my years of trading in stocks, index futures, commodities, and options, I would say that I made a lot of mistakes and therefore lose money or make profits lesser than what I am supposed to earn. The worst of all these was that I kept repeating my same mistakes again and again. I knew where I had gone wrong in my trading strategies. I would like to put up this blog post to share with you of my trading mistakes as well as to serve as a reminder to myself so that I will not repeat it. I look at financial speculation as a serious business and I am adamantly committed to this course to unlock the secrets of the stock markets. It is one thing to know the workings of the stock markets, and another to get rid of our natural habits that are not built for financial investment and speculation profession. We must work hard to improve our trading skills and accuracy as well as getting rid of the bad habits that is in-built in us that cause us to lose money in the long run.
Malaysia’s 40 richest man has seen their total net worth decline by 22% amounting to US$36 billions. Below is the list of Malaysia top 10 wealthiest individuals.
Robert Kuok – US$ 9 billion
Ananda Krishnan – US$ 7 billion
Lee Shin Cheng – US$ 3.2 billion
Lee Kim Hua – US$ 2.5 billion
Teh Hong Piow – US$ 2.4 billion
Quek Leng Chan – US$ 2.3 billion
Yeoh Tiong Lay – US$ 1.8 billion
Syed Mokhtar AlBukhary – US$ 1.1 billion
Tiong Hew King – US$ 1 billion
Vincent Tan – US$ 750 million
Malaysia richest (Robert Kuok) and 2nd richest guy (Ananda Krishnan) total net worth would be US$ 16 billion and account for 44% of the Malaysia top 40 richest Malaysians. By the way, Robert Kuok and Ananda Krishnan is the two richest guys in South East Asia.
All the wealthiest guys in the world saw their wealth drops substantially. Bill Gates’ net worth estimates around US$ 40B falling by US$ 18B while Warren Buffett’s net worth estimates around US$ 37B after dropping by US$ 25B.
Hong Kong tycoon Li Ka-shing aged 80 has a net worth of US$ 16.2B ranked world 16th richest guy after seeing his fortune falls by US$ 10B.
Authored by Benjamin Lee on 28 May 2009 with 1 comment.
I have to write this. During this recent bull-run, some of my friends lose quite a substantial amount of their trading capital by shorting the index futures. Instead of cutting their losses quickly, they compound to their mistakes by adding short positions as the index futures traded higher each day. In this post, I would like to bring out 5 sure ways to lose your money in the stock market, commodities market, or forex. You will be surprised that many of the index futures traders out there are practicing these and therefore on their ways to financial ruins. Don’t do this as it will hurt your pocket and causes you to lose your precious trading capital. Apart from sharing with you on these few key points on stock trading wisdom, I will also share with you on the traders’ psychology and why they kept making these mistakes and were not able to rescue themselves out of this financial mess.
There are some magical numbers and sequences of numbers that have their prints in the nature. They were there in the first place because God who created the whole universe encoded them just like His signature or autograph. Now, we might wonder, why is these magical numbers so important in our discovering of the secrets of the stock market trading and investing business? The simple and quick answer to that question is that these numbers resonate and vibrate in the stock markets, commodity markets and forex just as they are found in the universe that we live in. This is true for any financial markets. Before you discredit my claim of the magical number pi (π) and its application in making money in financial markets, take a good look of Fibonacci. This magical sequence of numbers of Fibonacci that starts from 1, 1, 2, 3, 5, 8, 13, 21, and etc, had been a very good technical indicator of when (time) and where (price) should the index futures reverses its trend. The number of pi (π) is so magical that its decimal portion is unique and there is no repetition of patterns. Just in case that some of you wonder what pi (π) is, it is a constant number where pi π = 3.1415926535897932384626433832795… The study of market cycles and market geometry uses pi (π) to pin-point the exact reversal date and price for stock markets and other financial markets. Here I present to you a video that sings out the magical number of pi (π).
Authored by Benjamin Lee on 6 May 2009 with 7 comments.
We often heard the wise sayings from experienced stock traders and investors such as Warren Buffett, George Soros, and Jesse Livermore. The quotations of their thoughts on stock market have been such a great lessons for us all who aspire to understand and grasp the mechanism and the working of these profitable financial markets. In this post, I will share my version of personal thoughts for stock traders and investors.
Today 6 April 2009 at 3:30pm, I lost my beloved grandmother. She passed away peacefully at the age of 90 years old. I slept beside her on the night before her departure. I love her dearly. I remembered the laughter and the jokes she said before. Even at the age of 90 years old, she was strong and able to endure great pain. I remembered how she count one to five and the innocence look she had on her face.
Grandma, I missed you a lot and I do love you a lot.
Thanks for taking care of me and protected me from those that meant harms to me. Thanks for that umbrella that you gave me to protect myself from the fierce goat when I was a little kid.
I remembered.
Authored by Benjamin Lee on 6 April 2009 with 9 comments.
Warren Buffett is the richest guy in the whole world and his wisdom on stock market, value investing and corporate governance is priceless. Many people from all over the world come and listen to him. In this post, I will include Warren Buffett talk to MBA students on various topics ranging from business management to investing for growth. When it comes to value and growth investing methodology, Warren Buffett is the guy. This video is broken into 10 parts of smaller videos.
Crude oil had been one of the hottest topics to talk about since 18th century when the Industrial Revolution started. Crude oil and its sub-products had been affecting lives around the globe. With the rises of crude oil prices, other commodities follow and resulting the increasing inflation which had been a toll for common citizen all around the world. Below is the list of top 10 biggest oil producers in the world.
Crude oil had been the hottest commodity traded in the market beside gold. The industries around the world had been powered up by "black gold" which is another name for crude oil. Cars and machines would not be able to run without power and crude oil is one of the hottest power sources. Countries war against one another for oil. In 1995, United Nations introduced Oil-for-Food Programme for Iraq to exchange oil for food, medicine and other basic human needs. Below is the list of top 10 oil consumer countries in the world.
What an absurd idea to suggest immortality. I know that there isn’t anything near there. But from the perspective of personal finance, this is exactly the main point that I am trying to bring across to you and hopefully I am successful in nailing it down to you. You see, if we truly live forever, then money is no longer an issue. There is in fact no struggle for personal financial freedom at all. I will show how you can take this principle of "Money doesn’t matter when we are immortal" concept to our daily financial planning and investment plans. Trust me, you will be surprised how simple truth are often ignored or missed out.
There are many laws governing the financial markets just as there is gravity law to hold things together on the earth. One of the powerful financial market laws is summed up in this phrase "Time is the Cause, Volume is the Fuel and Price is the Result." There is a lot of market wisdom in this principle. If we could truly understand this, we could potentially unlock the mystery of the financial markets. In fact, if we look hard enough at the world that surrounded us, we could see patterns that conform to this universal law that works beautifully in the stock markets. In fact, I spent a lot of time researching into this phrase and would like to share some of my thoughts with you.
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