Tuesday, April 27, 2010

Quick In Quick Out: Close CPO July 2010 Long Position

Date of entry: 27 April 2010
I Longed CPO July 2010 future contract at 2566 for 2 contracts. It is a breakup.

Date of exit: The same day
I shorted to close my position at 2564 with a loss of 3 points with 1 point commission added. It is a candlestick shooting star pattern. I just want to get out and wait for the market to show me the way.
The balance of my account is RM 23,300 after the loss of RM 150
(The details of my account is at My Future Trading Account Records 2010 )


  1. Abel,
    I saw that your loss is bigger than your win from last year till now. How your emotion when you take position now? Did you have frustration when you keep losing money?

  2. three indicators showed higher low around 2560 in the afternoon, you should short at that time.

  3. Hi,
    Emotionally, I am affected of course and it is hard broken to experience string of losses.
    This is trading and I will have to deal with it. It is part of the games.
    I am doing my tuning now. Some of the losses in the past trading could have been avoided. Let's see.

    Thank you so much for your comment.