Entered New Long Position

Date of entry : 17 June 2013

Title : Entered New Long Position

I reversed my position and long Sept 2013 Future Contract at 2459 for 1 contract. 

Closed Position

Date of exit : 17 June 2013
Title : Close Position
My position was stopped out at 2462 with a loss of 24 points (2 points for commission).

The Loss : RM 600 (24points x RM25 x 1contract = RM 600) 

The balance is now RM 26,325 (RM 26,925 - RM 600 = RM 26,325)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 13 June 2013
Title : Shorted CPO
I reversed to short CPO Aug 2013 Future Contract at 2440 with one contract. It is a sell down that I 'hope' it will not happen but the market always does as she pleases.

Stop Hit At 2440

Date of exit : 13 June 2013
Title : Stop Hit At 2440
My long position was stopped out at 2440 with a gain of 42 points with 2 points deducted for commission. 

The Profit : RM 1050 (42points x RM25 x 1contract = RM 1050) 

The balance is now RM 26,925 (RM 25,875 + RM 1050 = RM 26,925)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 5 June 2013

Title : Long CPO

I longed CPO Aug 2013 Future contract now for 1 contract. I have no more mood to describe my feeling. You would know. I was even thinking to quite blogging at one point.

CPO Daily Remains Bullish With Potential Minor Correction

CPO could head higher as it breaks the recent high based on daily chart and of course there will minor correction along the line.

Week to Week, CPO has up consecutively for 5 weeks. This could mean a minor correction is unavoidable. We just have to be ready.

Stopped Out - Loss Deal Again

Date of exit : 5 June 2013
Title : Stopped Out - Loss Deal Again 
My position was stopped out again at 2396 with a loss of 28 points (2 points added for commission). I don't have to tell you how bad I feel.

The Loss : RM700 (28points x RM25 x 1contract = RM700) 

The balance is now RM 25,875 (RM 26,575 -  RM 700 = RM 25,875)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 4 June 2013
Title : If You Dare - Reversed To Short
I reversed to short CPO Aug 2013 Future Contract for 1 contract right after my position was stopped out. This is a very very tough call specially just experiencing consecutive losses, trust me.

I was thinking not to pull the trigger but I was afraid of missing the real action which might come without warning. A trend trader always faces this kind of situation being stopped out all the time. This is the business of mental torturing. Traders get paid to suffer mentally.

Cut Loss Again

Date of exit : 4 June 2013

Title : Cut Loss Again 

My long position was stopped out at 2370 with a loss of 37 points with 2 points for commission. 2370 turned out to be the low of the day. Couple with the consecutively loss, I am feeling like shit. Sideways really kills. 

The Loss : RM925 (37points x RM25 x 1contract = RM925) 

The balance is now RM 26,575 (RM 27,500 -  RM 925 = RM 26,575)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 3 June 2013
Title : Reversed To Long CPO
I reversed my position to long CPO Aug 2013 Future Contract at 2405 too for 1 contract. This is a very tough thing to do despite I have been doing it ; reversing position. But 'Tough To Do' is part of my trading. I just have to deal with it.

Short Aug 2013 CPO Future Contract

Date of exit : 3 June 2013
Title : Long To Cut Loss At 2405 
I exited my trade at 2405 to cut my loss with a loss of 32 points. What a day! 

The Loss : RM800 (32points x RM25 x 1contract - RM800) 

The balance is now RM 27,500 (RM 28,300 -  RM 800 = RM 27,500)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 30 May 2013

Title : Short Aug 2013 CPO Future Contract 

I shorted CPO Aug 2013 Future Contract at 2375 for 1 contract. The price has been up for many days. There is high chance for correction.
This is not my usual method of break out method. I just took the advantage of overbought situation. I have to bare in mind that the trend is still up.