Monday, April 5, 2010

THE PRICE OF NOT FOLLOW THE RULES:Long CPO On The Break UP:


Date of entry: 5 April 2010
I longed CPO June 2010 future contract at 2572 for 2 contracts on the break up.

Date of exit: 6 April 2010
I did not follow my rules of PUTTING STOP LOSS, so I ended up loss 25 points. I exited my trade at 2547 which could have been 2560, I usually put stop loss near to minimise my losses and today I just ignored my trading rules. I have to keep reminding myself. THE PRICE OF NOT FOLLOW THE RULES.
The balance of my account is RM 24,650 after the loss of RM 1300 (2572-2547+1=26)(26 x RM25 x 2 = RM 1300).
(The details of my account is at My Future Trading Account Records 2010 )

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