Friday, December 10, 2010

FKLI Stop Loss Hit


Date of entry: 9 Dec 2010
Reenter FKLI - A Promise Is A Promise
I initiated long position again after I closed my position earlier. The price went high than morning's high of 1518.5 and longed at 1520.5 for 2 contracts. I followed what I initially though of. It might seem 'sayang' and I should have hold on to the trade without exiting. But sometimes, the price just did not advance like the previous weeks; One day up and one day down situation. I am trying hard to avoid situation like that.

Date of exit: 10 Dec 2010
FKLI Stop Loss Hit
My stop loss of 1515.5 was hit with a loss of 6 points (1 point commission included) this morning.


The balance of my account is RM 33,300 after the loss of RM 600 (6points x RM50 x 2contracts = RM 600)
(The details of my account is at My Future Trading Account Records 2010 )

10 comments:

  1. you can't avoid being whipped. only way to avoid it is to stop trading. either take your whipping like a man or stop trading.either way,stop whining about it,life goes on.

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  2. just hold on what you believe, there is no right or wrong in the trading market, if not, the price won't move up and down. Just remember to set cut loss point..

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  3. Hi Mark Chang,

    I totally agree with you.


    Thanks
    Abel

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  4. hi Abel,

    no one says trading is easy...your log is itself a real testament to it...having said that, wonder if you or anyone out there have ever meet or come across people who trade for a living?... able to pay off mortage, car, wife, kids, etc...just wonder what trading method/system makes them tick..

    lengchai6

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  5. hi lengchai

    This a answer worth millions-dollar, do not expected to get it foc !! ha, ha,

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  6. hi abel,

    you are absolutely right.. :) not many out there by the way...

    lengchai6

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  7. hi abel,

    MIA fm CPO? breakout & trending..

    lengchai6

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  8. Hi LengChai6,

    FCPO has been trending and I have been waiting for correction but non so far. What a miss.


    Abel

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  9. thaz where the trailing stops comes in handy + 2 lot strategy per J.ross ...lengchai6

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  10. lengchai6.. drop my my blog n hv a look ya.. you looking for trading for a living rite.. ask the correct question there ya..

    ReplyDelete