Technical Analyisis for Dummies...

Back to Basics... you will always find new things in the Foundation book that you have first read...

For one to be an author of a DUMMIES series, one must have the necessary education, experience and competence in that particuloar field...

I have no doubt that  in this author , judging from the content and context of the book...

Here's the nuggets that I have re-discovered :

10 secrets of top technical traders :

(1) Trust the chart
(2) Befriend the Trend
(3) Understand that you make Real Cash when you close
(4) Take responsibility ( dont listen to rumours; make sure the prices has turned up before buying, dfensive trading; no such thing as luck)
(5) Avoid Euphoria and Despair
(6) Concentrate on Making Money , Not Being Right ( use PHD, not 6 sigma!)
(7) Dont turn Winning Trades into Losing
(8) Avoid the temptation to Curve Fit
(9) Know when to Hold and When to Fold
(10) Diversify

And the 10 rules for using Indicators

(1) Listen to Prices
(2) Understand your Indicators
(3) Trade what you See ( if you cant see dont trade; look left for higher time frames )
(4) Use Support and Resistance
(5) Follow the Breakout Principle
(6) Watch the Convergence and Divergence
(7) Backtest the Indicators
(8) Know that Your Indicator will Fail
(9) Agree that No secret Indicator Exists
(10) Use Favourites

There was a Section on Expecting a Positive Result whereby the author gave an example of A, B, C , D setups aith the corresponding 20% chances of being correct ( and should wisely be used to position size accordingly)

A trick to enhance the Positive Expectations :
(1) Entering Gradually ( as the setup signals unfold...A, B, C...)
(2) Exiting at Once

This , she term as ...Efficient Entrance.... Ruthless Exit

The Rules of Wealth

The 100 rules of wealth... follow them right and retire rich...

Many rules can be found in Rich Dad series ( like having to start your own business, and unlikely to be rick working for others)

Also the mindet, the plan , the start.... can also be found in other millionaires book ( like the Instant Millionaires)

I never get tired of reading the road to that million book..

Birds of a feather , flock together...

Maybe one day, I will feature the Millionaire book written by me...

Then I can truly say I have arrived!

Unmistakenly Chinese, Genuinely Malaysian...

 

Read this if you want to know why some Chinese Malaysians are called "banana" and why the bananas make the most noise.

The 90% of the Chines Malaysains are as inscrutable as ever bacause only the English speaking people are interested to do "research" . The Chinese who reads Chinese are too bothered and are happy to stick to mainstream newspapers for their needs.

Understand the G1, G2, and G3s.... and why 95% of Chines parents sent their children to Chinese primary schools. Very soon , the G2 will swell in number in the next generation when they Chinese primary kids grow up and start to voice their opinions.

Politicians must read this book... and hopefully will not go around giving "white packets" to living people of Chinese descent  ...