MacroFinder.com

I look at Unit Trust in Malaysia.

There are many counter which is up and down. But this lesson is 80% is down from their initial start value like RM1 to Rm0.50. I will loss 50% if i invest RM100,000 then my money now is only RM50,000. There are risk involve but i can tell you about this situation.

But there is 0.50 increase to 0.60 price. There is winning situation. You should buy this up trend but we don’t know when it will down and all capital is gone.

Trader is same. We are not trade all time but we will bankrupt in long time or still exist.

Ok, i wait so long to give you many news because i not working as this teaching website.

But i still do few research to public before i can give any journal.

Now there are losing money so many times in market. Do not buy any market or counter if you

not study and do research properly.

I enjoy doing this but this is not full time business because i think this is not secure enough.

Wealth can be protected by trade low risk market and see profit in long term investment. I suggest you to invest

properly because trader in manage fund like Unit Trust still make mistake and loss all money.

I experience with many times money loss and still get new method and i recommend you to join me as signal or mentor because you not buy something without risk to loss.

“Better follow my guide to buy it or signal it until it is profit”

But this style is depend on your capital because you can go bankrupt if not properly manage.

In other stage you just not going to loss everything but you wanna to stop all trade activity.

I can make post like this if i have plenty of time. But nevermind i will develop :

What is the counter?

When to buy?

What market is involve?

Do you have money to join me?

- now time to focus.

From Macrofinder.com - you trading guide

The most powerfull trader you should learn from me

If i become the most powerfull trader. Then its not end there…

You should learn from me.

I will teach people from my past experience…

Ha ha… journey is hard. I always say to myself. I can do it better… when i down.

Huh loss everyday… profit is coming to cover the loss.

But i must discipline myself before the other from my student. That’s for my people. They must know knowledge from my books or my teaching method.

Not thinking to quit become 90%… i can do it better.

See you:

http://www.macrofinder.com/analysis/

The Man who broke the Bank of England: George Soros

Born in Budapest, Hungary he escaped the Nazi occupation, studied at the London School of Economics and immigrated to New York City in 1956. Since then he founded Soros Fund Management and the Quantum Fund, which returned 3,365 % during its ten years (42.5% annually). Soros’s investing style was led by his belief in the concept of reflexivity, where the biases of individuals are seen as entering into market transactions, potentially changing the fundamentals of the economy. Soros argued that such transitions in the fundamentals of the economy are typically marked by disequilibrium rather than equilibrium in the economy, and that the conventional economic theory of the market (the ‘efficient market hypothesis’) does not apply in these situations.

His biggest fame came when he sold short more than $10 Billion worth of pounds on September 16, 1992, earning an estimated US $ 1.1 billion in the process. Aptly, he was dubbed “the man who broke the Bank of England”.

He now devotes most of his energy and resources as a philanthropist and political activist - providing funding to democratic, liberal and open market groups the world over. He founded the Open Society Institute (OSI), which spend around $400 Million annually in recent years towards projects in Central & Eastern Europe (democratizing and establishing capital markets) and Africa (poverty).

—–

George Soros Interview On 60 Minutes

When the Nazis occupied Budapest in 1944, George Soros’ father was a successful lawyer. He lived on an island in the Danube and liked to commute to work in a rowboat. But knowing there were problems ahead for the Jews, he decided to split his family up. He bought them forged papers and he bribed a government official to take 14-year-old George Soros in and swear that he was his Christian godson. But survival carried a heavy price tag. While hundreds of thousands of Hungarian Jews were being shipped off to the death camps, George Soros accompanied his phony godfather on his appointed rounds, confiscating property from the Jews.

(Vintage footage of Jews walking in line; man dragging little boy in line)

KROFT: (Voiceover) These are pictures from 1944 of what happened to George Soros’ friends and neighbors.

(Vintage footage of women and men with bags over their shoulders walking; crowd by a train)

KROFT: (Voiceover) You’re a Hungarian Jew…

Mr. SOROS: (Voiceover) Mm-hmm.

KROFT: (Voiceover) …who escaped the Holocaust…

(Vintage footage of women walking by train)

Mr. SOROS: (Voiceover) Mm-hmm.

(Vintage footage of people getting on train)

KROFT: (Voiceover) …by–by posing as a Christian.

Mr. SOROS: (Voiceover) Right.

(Vintage footage of women helping each other get on train; train door closing with people in boxcar)

KROFT: (Voiceover) And you watched lots of people get shipped off to the death camps.

Mr. SOROS: Right. I was 14 years old. And I would say that that’s when my character was made.

KROFT: In what way?

Mr. SOROS: That one should think ahead. One should understand and–and anticipate events and when–when one is threatened. It was a tremendous threat of evil. I mean, it was a–a very personal experience of evil.

KROFT: My understanding is that you went out with this protector of yours who swore that you were his adopted godson.

Mr. SOROS: Yes. Yes.

KROFT: Went out, in fact, and helped in the confiscation of property from the Jews.

Mr. SOROS: Yes. That’s right. Yes.

KROFT: I mean, that’s–that sounds like an experience that would send lots of people to the psychiatric couch for many, many years. Was it difficult?

Mr. SOROS: Not–not at all. Not at all. Maybe as a child you don’t–you don’t see the connection. But it was–it created no–no problem at all.

KROFT: No feeling of guilt?

Mr. SOROS: No.

KROFT: For example that, ‘I’m Jewish and here I am, watching these people go. I could just as easily be there. I should be there.’ None of that?

Mr. SOROS: Well, of course I c–I could be on the other side or I could be the one from whom the thing is being taken away. But there was no sense that I shouldn’t be there, because that was–well, actually, in a funny way, it’s just like in markets–that if I weren’t there–of course, I wasn’t doing it, but somebody else would–would–would be taking it away anyhow. And it was the–whether I was there or not, I was only a spectator, the property was being taken away. So the–I had no role in taking away that property. So I had no sense of guilt.

——

Mahathir Mohamad and George Soros.

Capital control

Asked to comment on Malaysia’s current monetary policy, Soros declined by saying that he is no longer a player in monetary speculation. However, he commented that Malaysia has suffered many missed opportunities by retaining the US dollar peg and capital control for far too long.

“But I am not saying that Mahathir is responsible for over-sustaining it (the US dollar peg and capital control),” Soros added. “Mahathir did the right thing in pegging the ringgit as it had helped stabilise the situation.”

Defending the act of currency speculators, Soros said it’s the authority (of every trading country) and not the speculators who should be held responsible.

“Speculators trade in accordance to the prevailing rules of the country and the respective authority should make sure that its (monetary) market functions,” Soros said.

Soros is in town to promote his latest book, ‘The Age of Fallibility: Consequence of the War on Terror’. Mahathir looks healthy and alert though he is recuperating from a mild heart attack.

Though President Susilo Bambang Yudhoyono made time to meet up when Soros was visiting Indonesia, little birds say our Abdullah Badawi refused to see him.

Professional Trader

1) Many of the best traders follow and trade a variety of markets. They go where the opportunity is. When volatility dries up in one market, they have others to turn to. The small, neophyte retail trader often becomes pigeonholed in one market and overtrades it, desperate to turn a small account into a larger one. The professional trader may have a top-down or bottom-up perspective on markets (developing ideas from big economic trends or from individual company and sector results), but they have a framework for how to think about markets. Inexperienced traders lack such a framework.

2) Many of the best traders think big–as in big picture. Because they follow multiple markets, they are aware of the relationships among these markets. This enables them to develop trade ideas that connect one market to another, capitalizing on big picture themes. Knowing how interest rate differentials around the world affect capital flows is an obvious example of that. Another example is knowing how one asset is priced relative to others to capitalize on mispricing. The novice trader trades small patterns, losing sight of the context in which those patterns occur. They lack a framework for thinking about proper and improper pricing.

3) All of the best trading firms have risk managers. They stay on top of how individual traders (and the firm as a whole) are performing. They help traders adjust their position sizes to fit their portfolio needs, and they help traders during drawdown periods. It is very difficult for individual, solo traders to fill this role for themselves. The excellent traders spend significant time and effort on risk management: they know how much they want to gain and put at risk in each trade. Small traders tend to put a far larger portion of their capital at risk with each trade than large, professional traders.

4) Many of the best traders think small–as in very reasonable profit goals. This is very interesting. I never hear the pros talking about tripling their money in a year. It’s the small traders, feeling a desperate need for a kill in order to make a living, who take those kind of risks. Many of the best traders I know focus on consistency and favorable risk-adjusted returns. I essentially never hear small, retail traders focus on risk-adjusted returns. I don’t think I’ve ever met a retail trader who knows what his or her Sharpe Ratio is, for example. I don’t think most newer traders could even explain the concept of VAR.

5) Many of the best traders use psychology to amplify strengths. This is one thing that a majority of “trading coaches” don’t get. They are so accustomed to working with small, retail traders that their vision becomes limited to the kinds of problems that beginners have. On average, if a person lacks discipline, emotional control, etc., they don’t get hired at a good firm. The best traders do experience drawdowns, but they work on themselves to identify and build strengths, not to develop simplistic “trading plans”. A great deal of what’s out there labeled as “trading psychology” could be relabeled as the psychology of the beginning trader. It’s not that it’s useless; it’s that it doesn’t speak to the seasoned professional. To the extent that trading shrinks emphasize positive thinking as the key to trading success, they don’t understand trading–and what it takes to generate alpha–at all.

Several differences between the professionals and amateurs struck me:
1) Resources - These professionals had a wealth of analytic resources at their fingertips–and they used these resources. They had a keen eye for how their market should be priced and took advantage of occasions when it moved from that benchmark.

2) Information Networks - The pros knew other pros and constantly talked with them to find out what was going on in the marketplace. This network was an important edge for many of the traders.

3) Strategy - Every trader I talked with could enunciate his or her specific edge in the marketplace and, in some fashion, could quantify that. I could not find a pure gut trader in the bunch.

4) Adaptation - Each of the pros knew details of his or her P/L, but also detailed trading statistics such as Sharpe ratios. When the stats veered off course, they were quick to make adjustments.

5) Complexity - The professional traders employed complex trading strategies that relied on trading different instruments and timeframes, all to exploit a single idea. Many of these strategies involved hedges that managed risk, even as they aggressively pursued their ideas. The idea of buying/selling a single thing and exiting it never arose in my conversations with them.

Ultimately, whether one is a professional or an amateur is a function of their approach to their work, not their setting. It is, of course, easier to live up to professionalism when you’re surrounded by professionals. The best traders I know spend significant time generating trade ideas, researching markets, and staying on top of developments world wide. The ratio of time spent in preparation to time spent actually in trading has, in my experience, been a worthwhile measure of a trader’s professionalism–regardless of setting. The best traders, like the best athletes, are always working on themselves, always refining what they do. In an important sense, they don’t just use psychology to improve their performance. They work on their performance as a means of extending their personal mastery.

A small trader can approach his or her craft professionally. There are few models, however, for such professionalism–particularly when many of the “gurus” themselves do not begin to approximate what the pros are doing.

Source: traderfeed.blogspot.com