FKLI - Exited This WRONG Trade

Date of entry: 29 Oct 2010
FKLI - Reversed To Short Nov 2010 Future Contract
I reversed to short Nov 2010 future contract at 1497.5 after I have just exited my long position of Oct 2010 future contract. It is a break down with the price stays well below moving averages.

Date of exit: Same Day
FKLI - Exited This WRONG Trade
I longed to exit the trade at 1504.5 with a loss of 8 points including 1 point for commission.
Muhaidin is right. I accidentally changed the moving averages to 12 bars instead of 24. Mistake is costly. I would like to thank Muhaidin for pointing out.

The balance of my account is RM 30,300 after the profit of RM 800 (8points x RM50 x2contracts = RM800)
(The details of my account is at My Future Trading Account Records 2010 )

FKLI - Final Short To Exit

Date of entry: 28 Oct 2010
FKLI - Long Again
I longed again FKLI Oct future contract at 1504 for 2 contracts. It could be a continuation of the up trend. I am nervous about this trade as 1500 seems stubborn.

Date of exit1: 28 Oct 2010
FKLI - Close Half Of Position
I shorted to close 1 contract at 1500 with a loss of 5 points as bearish engulfing candlestick pattern was formed. This is to minimize my risk.

Date of exit2: 29 Oct 2010
FKLI - Final Short To Exit
My stop loss was hit at 1495.5 with a loss 9.5 points.

I don't have to tell you by now the emotional part. The feeling of experiencing string of losses really sucks. To me, this is part of the trading journey. It happens.

The balance of my account is RM 31,100 after the profit of RM 725 (5points x RM50 x1contract = RM250) (9.5points x RM50 x1contract = RM475)
(The details of my account is at My Future Trading Account Records 2010 )

CPO - Took Profit

Date of entry: 20 Oct 2010
Bullish Engulfing - Long CPO Jan Contract
I longed FCPO Jan future contract at 2941 for 1 contract. It is a bullish engulfing candlestick pattern if the price could close at this level; my entry price.

Date of exit: 27 Oct 2010
CPO - Took Profit
I exited the trade at the open of afternoon session with a gain 82 points. I expected to get 100 points but 82 is not bad too.

The balance of my account is RM 31,825 after the profit of RM 2050 (82points x RM25 x1contract = RM2050)
(The details of my account is at My Future Trading Account Records 2010 )

Stop Loss Hit. 1500 Seemed Stuborn

Date of entry: 26 Oct 2010
I am In: Long FKLI
I entered long position of FKLI Oct 2010 future contract at 1497.50 for 2 contracts. It is a breakup.

Date of exit: 27 Oct 2010
Stop Loss Hit. 1500 Seemed Stuborn
I was stopped out again with the price of 1497.50 (my entry price) and lost 1 point commission for each contract.

The balance of my account is RM 29,775 after the loss of RM 100 (1point x RM50 x2contracts = RM100)
(The details of my account is at My Future Trading Account Records 2010 )

Exit FKLI On Stop Loss Hit

Date of entry: 20 Oct 2010
2nd Reverse Today - Long FKLI
I turned long again at the price of 1491 with 2 contracts. This is my second time to reverse my position. This is one of the tough days I encountered. I wish I could act like a robot without any feeling.

Date of exit: 22 Oct 2010
Exit FKLI On Stop Loss Hit
My position was stop out at 1489 with a loss of 3 points adding 1 point for commission. 1500 seems to be a strong resistant. Staying aside and waiting for the price to tell me what to do next

The balance of my account is RM 29,875 after the loss of RM 300 (3points x RM50 x2contracts = RM300)
(The details of my account is at My Future Trading Account Records 2010 )

Stop Out Again, Please Not Again!!

Date of entry: 20 Oct 2010
Reversed To Short FKLI
I reversed my position to short FKLI Oct 2010 future contract at 1480 for 2 contracts right after I cut my long position. It is hard to do. But the price is now below moving averages.

Date of exit: Same Day
Stop Out Again, Please Not Again!!
My stop loss was hit again at 1491 with a loss of 12 points for each contract adding 1 point for commission. The feeling of losing sucks

The balance of my account is RM 30,175 after the loss of RM 1200 (12points x RM50 x2contracts = RM1200)
(The details of my account is at My Future Trading Account Records 2010 )

FKLI - Cut Loss At The Open

Date of entry: 19 Oct 2010
FKLI - Initiated Long
I longed FKLI Oct 2010 at 1488 for 2 contracts. I thought the market would go down but the price showed me otherwise; the upside. It is a little break up. Daily trend is still up.

Date of exit: 19 Oct 2010
FKLI - Cut Loss At The Open
I exited my trade during the opening at 1480 with a loss of 9 points for each contract after adding 1 point for commission. I have to cut the losses short just in case as the price went below moving average.

The balance of my account is RM 31,375 after the loss of RM 900 (9points x RM50 x2contracts = RM900)
(The details of my account is at My Future Trading Account Records 2010 )

FKLI - Exit On My Target

Date of entry: 15 Oct 2010
Shorted FKLI - The 3th Broke Down
I initiated short position at 1484.5 for 2 contracts in the morning with the price 3th even 4th times broken down the moving averages.

Date of exit: 18 Oct 2010
FKLI - Exit On My Target
I exited the trade at 1473.5 with 10 points gain for each contract. 10 points profit target is good enough for now.

The balance of my account is RM 32,275 after the profit of RM 1000 (10points x RM50 x2contracts = RM1000)
(The details of my account is at My Future Trading Account Records 2010 )

Short To Exit CPO At The Open

Date of entry: 11 Oct 2010
Long CPO At The Open Too
I longed CPO at 2905 for 1 contract at the opening bell. It actually shot up to 2940!! I feel very uncomfortable with the price gapped up more than 100 points. But this is trading, a break up is a break up. What to do.

Date of exit: 15 Oct 2010
Short To Exit CPO At The Open
I shorted to close my long position at 2937 with 30 points again after deducting 2 points for commissions. I am not sure the next direction since the price has been up and there seems to be tiredness of the market refusing to go higher. Little profit is better than none.

The balance of my account is RM 31,275 after the profit of RM 750 (30points x RM25 x1contract = RM750) (3points x RM50 x1contract = RM150)
(The details of my account is at My Future Trading Account Records 2010 )

FKLI - Final Exit Long Position

Date of entry: 13 Oct 2010
FKLI - Long At The Open
I longed FKLI Oct 2010 future contract at 1486.5 on the opening bell. The price still stays well above moving averages indicating the bullishness of the market.

Date of exit1: 14 Sept 2010
FKLI - Exit Half Of My Long Position
I exited 1 contract at the price of 1497.5 making 10 points profit after deducting 1 point for commission at around 10:45am.

Date of exit2: 14 Sept 2010
FKLI - Final Exit Long Position
My stop loss was reached at 1490.5 with a little profit of 3 points after deducting 1 point for commission. This is not what I expected, any how, the rule is the rule.

The balance of my account is RM 30,525 after the profit of RM 650 (10points x RM50 x1contract = RM500) (3points x RM50 x1contract = RM150)
(The details of my account is at My Future Trading Account Records 2010 )

I Am Hit - FKLI Long Exited

Date of entry: 11 Oct 2010
Long FKLI Before Bursa Starts
I longed FKLI Oct 2010 Future Contract at 1488.5 in the morning before Bursa opened. It is a break up. Chart will be provided later.

Date of exit: 12 Sept 2010
I Am Hit - FKLI Long Exited
My stop loss was hit at 1484.5 in the morning with a loss of 5 points for each contract after adding 1 point for commission. It looks like the up trend is not strong enough to push the price higher. Staying aside and waiting for the next move seems to be a better option for now.

The balance of my account is RM 29,875 after the loss of RM 500 (5points x RM50 x2contracts = RM500)
(The details of my account is at My Future Trading Account Records 2010 )

FCPO - Short To Exit

Date of entry: 6 Oct 2010
Long CPO Dec Contract At The Open
I longed CPO Dec 2010 Future Contract at 2715 on the opening bell this morning. As FKLI, it could be the continuation of up trend. It will be good if it can form a candle stick bullish pattern at the end of today session.

Date of exit: 8 Sept 2010
FCPO - Short To Exit
I short to exit my trade at 2772 with a gain of 55 points after deducting 2 points for commission. If the price closes at this level, the formation of candlestick pattern is called "dark cloud cover" which could mean a weakness ahead at least for few days unless it could surge above today's high of 2808.

The balance of my account is RM 30,375 after the profit of RM 1375 (55point x RM25 x1contract = RM1375)
(The details of my account is at My Future Trading Account Records 2010 )

FKLI - Stop Loss Hit

Date of entry: 5 Sept 2010
Long FKLI - Could Be Continuation Of Up Trend
I initiated long position of FKLI Oct 2010 at 1476 for 2 contracts. It could be the continuation of the up trend.

Date of exit: 8 Sept 2010
FKLI - Stop Loss Hit
I am out. The price hit my stop loss at 1479 with a little profit of 2 points for each contract.

The balance of my account is RM 29,000 after the profit of RM 200 (2points x RM50 x2contracts = RM200)
(The details of my account is at My Future Trading Account Records 2010 )

Stop Loss Hit & Exit All

Date of entry: 30 Sept 2010
Turned Long FKLI Oct Future Contract
I reversed to long FKLI Oct Future Contract at 1467 for 2 contracts right after I was stopped out Sept 2010 future contract.

Date of exit1: 4 Sept 2010
Close Half Of Long Position
I closed 1 contract at 1478 with 10 points gain. Since the price seemed slowing down in advancement.

Date of exit2: 4 Sept 2010
Stop Loss Hit & Exit All
I exit the other half of my position at 1473.5 for 1 contract only. My stop loss was hit with a gain of 5.5 points gain.

The balance of my account is RM 28,800 after the profit of RM 775 (10points x RM50 x1contract = RM500) (5.5points x RM50x1contract = RM275)
(The details of my account is at My Future Trading Account Records 2010 )