Monday, May 31, 2010

Reenter Short Position


Date of entry: 27 May 2010
I reentered the short position at 2463 (1 contract). I am not sure about this trade but I will stay with trade and see.

Date of exit: 31 May 2010
I closed my short position at 2452 with a profit of 9 points after the deducting 2 points for commissions.

The balance of my account is RM 20,600 after the profit of RM 225 (9points x RM25 = RM 225) (The details of my account is at My Future Trading Account Records 2010 )

Wednesday, May 26, 2010

Close Short Position And Stay Aside


Date of entry: 26 May 2010
I shorted again CPO Future Contract at 2459 for 1 contract only. A breakdown could mean a weakness ahead.

Date of exit: 27 May 2010
I exited the trade at 11:02am at the price of 2471 losing 14 points after added 2 points for commissions. I am not willing to hold any longer with the reason that the price opened much higher than yesterday close.


The balance of my account is RM 20,375 after the loss of RM 350 (14points x RM25 = RM 350) (The details of my account is at My Future Trading Account Records 2010 )

I Was Out: Short CPO August 2010


Date of entry: 25 May 2010
I shorted CPO August 2010 Future Contract at 2471 for 1 contract only. The price stayed way below the recent low of 2479 indicating of market weakness.

Date of exit: 26 March 2010
I closed the position at 2456 at 11:00am at 2456 with a profit of 13 points after deducting 2 points for commission.
My reason: Bullish Candlestick Pattern indicating the bear may be taking a rest, so I exited the trade and reenter again when there is chance later.


The balance of my account is RM 20,725 after the profit of RM 325 (13points x RM25 = RM 325) (The details of my account is at My Future Trading Account Records 2010 )

Thursday, May 20, 2010

Close At The Close Yesterday: Short CPO Aug 2010


Date of entry: 19 may 2010
I shorted CPO Aug 2010 Future Contract at 2417 for 2 contracts. I rested for a while. It's see how.

Date of exit: Same Day
I actually closed my short position at 2435 at the close losing 19 points per contract yesterday as it was a bullish engulfing pattern. I was on travelling and not able to post my position. Actually, it is not advisable to trade when travelling. I knew but just I just want to be in the market. I will not do it in the future.

The balance of my account is RM 20,400 after the loss of RM 950 (19points x RM25 x 2contracts = RM 950) (The details of my account is at My Future Trading Account Records 2010 )

Tuesday, May 11, 2010

Long CPO July 2010


Date of entry: 10 May 2010
I longed CPO July 2010 future at 2535 for 2 contracts. It is a breakup.

Date of exit: 11 May 2010
I closed the position at the open when the price opened with a gap down. I managed to exit at 2517 lossing 20 points for each contract. It is a huge loss.

The balance of my account is RM 21,350 after the loss of RM 1000 (20points x RM25 x 2contracts = RM 1000) (The details of my account is at My Future Trading Account Records 2010 )

Thursday, May 6, 2010

Close My Short Position On Bullish Engulfing CandleStick Pattern


Date of entry: 6 May 2010
I shorted CPO July 2010 future contract at 2518 during the opening of afternoon session for 2 contracts. Everything seems going down.

Date of exit: Same Day
I exited the trade at 2534 with a loss of 17 points per contract including 1 point for commission. It was an bullish engulfing pattern indicating that the market is not weak enough or maybe still in sideway mode. I rather stand at the sideline to watch and see.

The balance of my account is RM 22,350 after the loss of RM 850 (17points x RM25 x 2contracts = RM 850) (The details of my account is at My Future Trading Account Records 2010 )

Wednesday, May 5, 2010

Close Long Position: CPO July 2010


Date of entry: 5 May 2010
I turned long CPO July 2010 Future Contract at 2518 with 2 contracts. The price makes a sudden u turned. I am in for a quick kill if there is any.

Date of exit: Same Day
The price finished with a long tail at 4:00pm so I closed my long position at 2513 for the 2 contracts with a loss of 6 points for each contract. My loss is RM 300.

The balance of my account is RM 23,200 after the loss of RM 300 (6points x RM25 x 2contracts = RM 300) (The details of my account is at My Future Trading Account Records 2010 )

Short Again! CPO July 2010 Futures


Date of entry: 4 May 2010
I shorted again but at a lower price of 2534 for 2 contracts. It is a continuation of the down trend. I used more sensitive method now. There will be a lot entering and exiting.

Date of exit: 5 May 2010
I closed all my long position at 2504 with a gain of 28 points for each contract after deducting 2 points commissions.

The balance of my account is RM 23,500 after the profit of RM 1,400 (28points x RM25 x 2contracts = RM 1400) (The details of my account is at My Future Trading Account Records 2010 )

Note: Earlier on, I posted wrong chart for the first chart (open short position chart). It is the correct one now.

Tuesday, May 4, 2010

Shorted CPO July 2010


Date of entry: 4 May 2010
I shorted CPO July 2010 Future Contract at 10:31 with the price of 2543 for 2 contracts when the price broke below 2542 and bounded back to 2543.

Date of exit: Same Day
I exited the trade at 2545 at 1200pm with a loss of 3 points for each contract. The market again is going now way so I closed it for the time being.
The balance of my account is RM 22,100 after the loss of RM 150
(The details of my account is at My Future Trading Account Records 2010 )

Monday, May 3, 2010

In Again! Long CPO July 2010


Date of entry: 30 April 2010
I am in again at the price of 2551 for 2 contract long position.

Date of exit: 3 May 2010
I closed my position again this morning at the price of 2554 (2 contracts) with a gain of only 1 point (2 points for commission) as the price did not continue the upside.
The balance of my account is RM 22,250 after the profit of RM 50
(The details of my account is at My Future Trading Account Records 2010 )