The Solomon Secrets

This book has many similarities with the " Richest Man in Babylon" in that they both draw wisdom from Solomon, and that there are many quotes from the Bible.

What attracted me was the idea that All things need time , in their own time. "...Have the wisdom for restraint..."

He also mention the idea of CRAP... in that soil needs crap in order to be rich, to grow good plants. Hence the more crap you receive in your life, the better and stronger your character.

Many ideas are quite conventional. Like Living below your means. , You need to have a PLAN.

Easy reading , with plenty of quotes from the Bible.

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  ...

Wealth Magic

An Aussie version of Rich Dad, as you can see many examples of OPM ( Other People’s Money), using Equities from a revaluated Home mortgage to buy properties in perpetuity with little or no money down. Leverage if used wisely can do magic. But faced with subprime like property meltdown, you have better be prepared.

Some very interesting concepts like :

(1)   The Key to Wealth : knowledge ( applied ) and skill

(2)   The Key to Success : you reap what you sow

(3)   The First Secret of Money Magnetism : Uniqueness ( 1 demand 2 willingness to pay 3 only you can provide supply )

(4)   The Second Secret of Money : add Value

(5)    The Third Secret of Money : Leverage

He also touched on :

(1)   When we struggle , it is probably because (1) off-course (2) the winds have changed direction

(2)   Law of Universal Convergence : nature  will fill the “vacuum” created by an well constructed idea and the before the formation of form. Nature will provide all the resources, people, energy needed to create the form because it is the law of nature to fill hte void. Let go of the idea and nature has no more vacuum to fill. The idea just fizzles out. Stick to the idea till it take form.

(3)   The 3 elements of investment : Growth, Income, Low Risk. Choose either 2.

Being rich is a skill worth learning for. Because even if you lose your wealth, you still have the skill to make back the money. Maybe even faster than the 1^st time you made it.

Super Charge Your Investing Approach for Big Profits

This is a book for Active Investors... who likes to do swing trading, definitely not a Buy-and-Hold book..

I read the book backwards...

And the Fast Track Your Journey section( Chapter 12) held my attention for a while..

In it , the author listed 5 areas :
(1) Hard work : 90% preparation. 10% Action
(2) Concentrate  : your stocks to five
(3) Certain Uncertainty : the stock market exists because people are not sure of the future
(4) Cut Loss/ Profit Run : ( fear ) that the market will fall ; ( hope ) that the market will rise
(5) Trail Profit : 7% from the top

In trading, the author uses the VSA ( Volume Spread Analysis) as his main tools... with 4 distinct market phases : Accumulation, Mark-up, Distribution, Mark-down. His view on the lack of selling pressure that is the main reason why stocks go up in price explains why syndicated stocks are being accumulated by players for a long time without volume.

Whilst on valuation, he recommend PE ratios or the E/P ratio which he then compares against the current FD rates.;

 On spotting the market strengths, he has 4 categories :
(1) Selling climax ( bag holding )
(2) Testing
(3) Stopping volume
(4) Shakeout

 Conversely, on market weakness, he has :
(1) Buying climax
(2) Up thrust
(3) No demand Up bar

His DEEP PRACTICE is basically a mental visualisation technique that he uses before he trades ...

In the early part of the book , he discusses the difference between Technical Analysis and Fundamental Analysis and that a combined approach usinf both methods can bring about better results than relying solely on one technique.

His search engine is Metastock.

Swing traders, active investors in the stock market.... this book is written for you!

Who Moved My Cheese?

" Everything flows, nothing stands still "

 --- Plato

The only constant is change. So, how are you gonna deal with it?

21 million copies has been sold...hence 21 million mice cannot be wrong!

So how do you react to the writing on the wall?

(1) Change Happens

(2) Anticipate Change

(3) Monitor Change

(4)Adapt to Change Quickly

(5) Change

(6) Enjoy change

(7) Be ready to change Quickly and Enjoy It Again and Again...

If you marry someone and hope to change him/her...it is better and easier to change yourself!