Thursday, December 31, 2009

Negative Returns For My Future Trading Account in 2009

I started my account with RM 32,000 on April 2009 and ended up with RM 30,450; a reduction of 4.84%. I changed my way of trading along the way up till Sept 2009, I had my final way of trading i.e. using 1 hourly chart with CPO Future Contract and 2 hourly chart with FKLI Future Contract.

For my trading account details, please check with http://www.bullsa.com/2009/06/my-future-trading-account-records.html

Long FKLI Dec 2010 At 1273


Date of entry: 28 Dec 2009
FKLI broke above 1269.50 and I placed a buy order at 1271 but I was filled with the highest price; 1273!!. Iliquid market really kills. this is trading.

Date of exit: 31 Dec 2009
Future Index was down below 1270, I closed my long position at 1267 lossing 7 points including commission.

The balance of my account now is RM 30,450 after the loss of RM 700 (RM350 x 2 contracts).
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Wednesday, December 30, 2009

Short CPO March 2010 At 2589


Date of entry: 29 Dec 2009
I openned short position CPO March 2010 at 2589. The price opened high but closed almost at the low.

Date of exit: 30 Dec 2009
I closed my position at 2603. Market rebouned lossing 16 points.

The balance of my account now is RM 31,150 after the loss of RM 400.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Thursday, December 24, 2009

Reverst Postion to Long CPO March 2010


Date of entry: 24 Dec 2009
I reverse my position to long at 2528 since the market have been down so much for the last three days, there is high chance the market will rebound further. I ignore holidays when trading.

The price rebounded nicely and I closed my long position at 2551 since there is profit of 22 points after the commission.
The balance of my account now is RM 31,550 after the Profit of RM 550
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Short Again CPO March 2010 Contract At 2495


Date of entry: 23 Dec 2009
I shorted again CPO March 2010 Future Contract at 2495 when the price broke below morning's low 2496.

Date of exit: 24 Dec 2009
I closed my position at the open for the price of 2521 when it reached previous high of 2521 lossing 28 points including 2 points commissions.

The balance of my account now is RM 31,00 after the loss of RM 700.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Wednesday, December 23, 2009

Reenter Short Position At 2551


Date of entry: 21 Dec 2009
I reenter the short position of CPO March 2010 at 2551 when price revisited today's morning low of 2555.

Date of exit: 23 Dec 2009
I closed my short position at 2519 at the open of afternoon section with profit 30 points after commission.

The balance of my account now is RM 31,700 after the profit of RM 750.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Monday, December 21, 2009

Short CPO March 2010 At Open


Date: 21 Dec 2009
I shorted CPO March 2010 at the open when the price openned with at gap down. The entry price was 2580 and I closed the position in the afternoon at 2562 with a profit of 17 points (RM 425).
The balance of my account now is RM 30,950 after the loss of RM 1,000.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Thursday, December 17, 2009

Reverse My Position To Short FKLI


Date of entry: 17 Dec 2009
I reversed my position to short FKLI future contract at 1260 right before the market closed. The price broke two lows in one price action (the last bar of 2 hour chart), this could mean weakness ahead. Honestly, I do not know the direction and I do not guess. I just follow what the chart showed me and it showed me that price broke the low.

Long FKLI at 1265


Date: 14 Dec 2009
I placed a buy stop at 1264 but I was filled with higher price at 1265 (2 Contracts). It is a break up of the recent high of 1260.50.
Date: 17 Dec 2009 STOP OUT AT 1256
My stop loss was placed at 1258 but I was stopped out at 1256 (the lowest price of the day) making me lost 10 points (RM 1,000) including commission.

The balance of my account now is RM 30,525 after the loss of RM 1,000.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Wednesday, December 16, 2009

Nice Break up For CPO March 2010


Today is the first day turning active month for CPO March 2010 future contract. It is a very nice break up BUT I miss the trade. I stayed sideline this morning thinking that this is the first day and the volume was extreme low. Anyway, I was wrong. A break up is a break up, I should long and place stop loss all the time.

Monday, December 14, 2009

Short CPO when price opened with a down gap


Date of entry: 14 Dec 2009
I shorted CPO Feb 2010 future contract at 2497 when the price opened below recent low of 2489 (refer to chart). The stochastic of 1 hour also turned down.

The price opened at 2524 in the afternoon section and I was stoped out lossing 28 points including one point for commission. There is a potential sideway market ahead of us.
The balance of my account now is RM 31,525 after the loss of RM 700.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Thursday, December 10, 2009

Short FKLI Dec 2009 at 1258


Date: 7 Dec 2009
I also shorted FKLI after I shorted CPO at 1258 with the volume of 2 contracts. 1) The price was way below moving average both highs and lows and also 2) the price broke recent low 1265.50.

Date of exit: 10 Dec 2009
I long to exit the trade at 1253 as the stochastic has been staying at oversold area indicating that the market could bound anytime. Since I am in the profit, I take it with a gain of 4 points after commission.

The balance of my account now is RM 32,225 after the profit of RM 400.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Short CPO Feb 2010 at 2531


Date of entry: 9 Dec 2009.
The price opened with a down gap at 2526. I managed to short at 2531 right after that.

Date of exit: 10 Dec 2009
Long to close at 2500 with a profit of 29 points (2531-2500-2=29 points).

The balance of my account now is RM 31,825 after the profit of RM 725.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, December 8, 2009

Short CPO Feb 2010 at 2558


Date: 7 Dec 2009
The price dropped below the moving average of 10 bars (High), I shorted at 2558.

Date: 8 Dec 2009
What can I say? The price hit my stop loss at 2567 with a loss of 11 points including commission (RM 275)

The balance of my account now is RM 31,100 after the loss of RM 275.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Friday, December 4, 2009

Long and close CPO Feb 2010 Future Contract


CPO Feb 2010 has been in consolidation. I have been experiencing a string of losses so much so that I started to doubt my trading method. The price broke above moving average higher line (10) this morning, nervously I longed at 2497. I placed stop loss right after I got in.
The price shot up to as high as to 2596, I placed my target at 2597 exactly 100 points from my entry point but the price short by ONE point. I closed my position at 2562 finally as to feel the profit after a long series of losses.

My account balance now is RM 31,375 after the profit of RM1600 ( 2562-2497-1=64 points )
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Wednesday, December 2, 2009

CPO Feb 2010: Turned Long at 2491


When the price broke above 2484, I turned long at 2491. It is quite hard for me actually specially I was just stopped my short position with a loss of RM 400 earlier. But I have to follow my trading system so I did it.
The details:
Date of entry: 1 Dec 2009
Trade Code: 20091201B
Action: Long CPO Feb 2010 Future Contract

I am lossing again. The price went below previous last two candle stick bars' low based on 1 hourly chart, so I exit the trade at 2483 with a loss of 10 points including 2 points for commissions.
The details:
Date of exit: 2 Dec 2009
Action: Short to exit at 2483
Loss: RM 250 (2491-2483+2= 10 points x RM 25 = RM 250)

My account balance now is RM 29,775.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, December 1, 2009

Short CPO Feb 2010 Future Contract at 2450


I shorted CPO Feb 2010 Future Contract at 2450 when the price broke recent low of 2452 in the morning. But I was stopped out at 2465 lossing 16 points.
The details:
Date: 1 Dec 2009
Trade Code: 20091201A
Action: Short CPO Feb 2010 Future Contract
Loss: RM 400 (2465-2450+1=16 points) (16 points x RM25 = RM 400).
My account balance now is RM 30,025.

(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Friday, November 27, 2009

Long EURUSD at 1.5009


Date: 25 Nov 2009: Open Trade
I long EURUSD at 1.5009 with the size of 0.24 when the price broke above last two day's high.



Date: 26 Nov 2009. REDUCE POSITION
I reduced position at 1.5076 of size: 0.10 remaining 0.14 with a profit of USD67


Date: 27 Nov 2009: Stop loss Level Hit
My stop loss was hit at 1.4878 lossing USD183.40. My balance equity now is USD4,951.74.

Thursday, November 26, 2009

Short CPO Feb 2010 Contract at 2463


The price opened with a gap up but fail to maintain at the high. Instead, it dropped all the way to as low as 2461. I shorted at 2463. Reason being 1) Price broke below recent low of 2469 and 2) Stochastic of 1 hour chart is on the way down.
The details:
Date of entry: 26 Nov 2009
Trade Code: 20091126A
Action: Short CPO Feb 2010 Future Contract
Price: 2463
Volume: 1 Contract

I closed the position 10 minutes before the market close at 2487 as I realized that there will be public holiday tomorrow and follow by weeken. I have been lossing money including this trade so I just want to get out of the market and have fresh start on Monday. It has been a bad week for me. What to do, trading is trading. I just have to live with this kind of situation.
I further loss RM 625. My account balance now is RM 30,425.

(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Wednesday, November 25, 2009

Long CPO Feb 2010 Future Contract at 2501


What can I say? The price just broke yesterday high (recent high) of 2395 and I took long position at the peak of the morning; 2501.
The details:
Date of entry: 25 Nov 2009
Trade Code: 20091125A
Action: Long CPO Feb 2010 Future Contract
Price: 2501

Cut loss at 2485 when the price falled to continue its up trend.
The details:
Action: Short to close at 2485
Loss: RM 425
Account Balance: RM31,475 - RM475 = RM31,050

(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, November 24, 2009

Short CPO Feb 2010 at 2440


The price opened with a gap down at 2440 in the afternoon session. I shorted at 2440.
The details:
Date of entry: 24 Nov 2009
Action: Short CPO Feb 2010 Future Contract
Shorted Price: 2440

I cut loss when the price went against me at 2469 lossing 30 points which brings me a loss of RM750. (2469-2440+1=30 points).
My balance now is RM 31,475 after the loss of RM 750.

(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Friday, November 20, 2009

Short CPO Future Contract at 2366


The price broke below the low of 2373, I shorted at 2366.
The details:
Date of entry": 19 Nov 2009
Trade Code: 20091119b
Action: Short CPO Feb 2010 Future Contract
Shorted Price: 2366

The price reached the high 2394 which is my stop loss point. I was stopped out at 2394 lossing 28 points.
The details:
Date of exit: 20 Nov 2009
Action: Stop loss hit at 2394
Loss: RM 750 (2394-2366+2=30 points)
My balance now is RM 32,225 after the loss of RM 750.

(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Short FKLI Nov 2009 Contract at 1274


The price falled to break the moving average (10) indicating the weakness of the market, I shorted FKLI Nov 2009 at 1274.
The details:
Date of entry: 20 Nov 2009
Trade Code: 20091120a
Action: Short FKLI Nov 2009 Contract
Short Price: 1274
I closed the position at 1273 (breakeven)

Thursday, November 19, 2009

Long CPO Feb 2010 in the afternoon


Long CPO Feb 2010 in the afternoon when price hit 2378. It is a nice break up of the high 2370.

I close the trade at 2382 with a little profit of 2 points. The volume of the market was so little that there was no trade for the first 2 minutes of market opened. There seems to be a sideway ahead.
The details:
Date of exit: 19 Nov 2009
Action: Short to close position
Shorted Price: 2382
Profit: RM 50
My Account Balance: RM 32,975 after the profit of RM 50 (2382-2378-2=2 points)

(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, November 17, 2009

Close Long CPO Feb 2010 Position


Long CPO Feb 2010 future contract at the open with the price of 2310. Today is the first day of the active month for Feb 2010. It is a break up of the recent high.
The details:
Date of entry: 16 Nov 2009
Trade Code: 20091116a
Action: Long CPO Feb 2010 Future Contract
Long Price: 2310

The price hit my stop loss at 2331 with a little profit of 19 points after commission. I am ok with it as long as I am out with profit.
The details:
Date of Exit: 17 Nov 2009
Action: Short to close CPO Feb 2009 Future Contract
Shorted Price: 2331
Profit: RM 475
The balance of my balance now is RM 32,925 after the profit of RM 475.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Thursday, November 12, 2009

Close Final Position: Long EURUSD at 1.4876


Date: 4 Nov 2009 (Enter Trade)
I placed my buy order ealier and I got in the trade at 1.4876. It is hard to turn my position from short to long specially when I just had a huge loss of USD910.85 (16% of my total fund).
Date: 5 Nov 2009 (Reduce Trade Position)
I reduced my position from size 0.50 to 0.40 as I realized that my fund has reduced to USD 4669.14. (Deposit of USD 1000 for the size of 0.10)


Date: 6 Nov 2009 (Changed Stop loss leverl)
I moved my stop loss level higher to 1.4799. The potential loss will be USD 308 (1.4876-1.4799=77 pips, 77pipsx4=USD308)


Date: 10 Nov 2009 (Reduce Positions) I further reduced my position (size:0.20) by shorting at 1.4966 with a little profit of USD180.

Date: 11 Nov 2009 (Further Reduce Position)
I further reduced my position (0.10 size) remaining size 0.10 with the profit of USD166


Date of total exit: 12 Nov 2009 (Close the final long position)
The price finally hit my stop loss of 1.4928 with profit of USD52 only.

Closed Position to Long CPO Jan 2010


Sring of losses can really make me feel miseradle but I have to do according to my plan. It is hard. I reversed my position to long the moment I was stopped out at 2258.
The details:
Date of entry: 12 Nov 2009
Trade Code: 20091112b
Action: Long CPO Jan 2010 Future Contract
Price: 2258
Volume: 1 Contract

Date of exit: 12 Nov 2009 (Closed position the same day)
I closed my long position at 2264 with a little profit RM 150 (2265-2258-1=6 points x RM25=RM 150).
My balance now is RM 32,450 after the little profit of RM 150.

(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )