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 )


  1. Hi Abel,
    You shouldn't monitor CPO using 60min chart.

  2. To Anonymous above,
    not really, it's more like a mis-match of trading method and sideway market. just my 0.0005 cent

  3. abel,
    you need to rethink your trades..you too wishy washy. you are not following candles accurately ie if u cut loss ,you should also reverse your position.
    it seems like you are following your emotions more.
    just my 2sen

  4. Hi All,

    I have my own set of trading methods which includes the traditional breakout method and candle stick patterns method. Apparently, there is a need for me to adjust my stop loss placement. "Cut the losses short and let the profit run".

    I still think 1 hour chart is good enough for me.

    Thank you you all for giving me comment, they means a lot to me.