Friday, April 30, 2010

Exit My Long CPO July 2010 Future Position


Date of ecntry: 30 April 2010
I longed at 2543 for 2 contracts when the price broke 2540. My stop loss will be very tight.

Date of exit: Same Day
I shorted to close my position at 2540 with a loss of 4 points each contract including 1 point for commission.

My Comment: I exited the trade since the price is going no way. There is no need for me to hold on to it.

The balance of my account is RM 22,200 after the loss of RM 200
(The details of my account is at My Future Trading Account Records 2010 )

Wednesday, April 28, 2010

Wow! What A Day. Reversed To Short CPO


Date of entry: 27 April 2010
I turned short CPO July 2010 future contract at 2535 with 2 contracts. It turned out 2535 is the low of the day. It touched the low and rebounded & closed at 2550. What a day!

Date of exit: 28 April 2010
I closed my short position at 2551 with a loss of 18 points included 2 points for commission.
My Comment: The market rebounded after touched the low of 2529.
The balance of my account is RM 22,400 after the loss of RM 900
(The details of my account is at My Future Trading Account Records 2010 )

Tuesday, April 27, 2010

Quick In Quick Out: Close CPO July 2010 Long Position


Date of entry: 27 April 2010
I Longed CPO July 2010 future contract at 2566 for 2 contracts. It is a breakup.

Date of exit: The same day
I shorted to close my position at 2564 with a loss of 3 points with 1 point commission added. It is a candlestick shooting star pattern. I just want to get out and wait for the market to show me the way.
The balance of my account is RM 23,300 after the loss of RM 150
(The details of my account is at My Future Trading Account Records 2010 )

Thursday, April 22, 2010

Turned Shorting CPO July 2010


Date of entry: 21 April 2010
I reversed my position to short CPO July 2010 future contract at 2475 for 2 contracts. There is a high chance that the price would continue the down side after the recent rebound.
Date of exit 1: 22 April 2010
I closed 1 contract at 2473 in the morning (break even after deducting 2 points for commission). The price did not continue the downside.


Date of exit 2: 22 April 2010
I closed the final contract at 2494 with a loss of 21 points added to 2 points for commissions. (21points x RM25 = RM 525)
The balance of my account is RM 23,450 after the loss of RM 525.
(The details of my account is at My Future Trading Account Records 2010 )

Wednesday, April 21, 2010

Close Final Long Position: CPO July 2010 Future


Date of entry: 20 April 2010
I longed CPO July 2010 future contract (2 contracts) at 2487. It is a breakup. The only concern is the price is still way below my moving average.

Date of exit 1: Same Day
I closed 1 contract at the close with the price of 2498 which a gain of 10 points after deducting 1 point for commission.

I remain the other contract for tommorrow.

Date of exit 2: 21 April 2010
I closed the final contract at 2492 with a gain of 3 points.

The balance of my account is RM 23,975 after the profit of RM 325 (13 x RM25 = RM 325).
(The details of my account is at My Future Trading Account Records 2010 )

Monday, April 19, 2010

Hammer With Long Tail For CPO Futures


I wanted to short at the open this morning but the hammer formation of candle stick with long tail did not convince me to take the short position. It turned out the price was hovering around 2473 to 2484.

Tuesday, April 13, 2010

Short CPO June 2010


Date of entry: 13 April 2010
I shorted CPO June contract at 2514 for 2 contracts this morning. The price broke below the low of 2522.
Date of exit: Same Day
I closed the position to long at 2530 lossing 17 points per contract totaling 34 points which bring me a total loss of RM 850 in value.

The balance of my account is RM 23,650 after the loss of RM 850.
(The details of my account is at My Future Trading Account Records 2010 )

Monday, April 12, 2010

Crazy Price Movement!


A picture that I will never forget for how volatile CPO could be!

Friday, April 9, 2010

Closed All Short Position For CPO Future


Date of entry: 8 April 2010
I reversed to short CPO June 2010 Futures at 2524 for 2 contracts.
Wish Me Luck

Date of exit 1: 9 April 2010
I closed 1 contract at 2507 at the open with a gain of 15 points after deducting 2 points for commission.


Date of exit 2: 9 April 2010
The price finally hit my stop loss at 2519 for the final contract with a gain of 3 points only after deducting 2 points for commission.

The balance of my account is RM 24,500 after the profit of RM 450(18points x RM25 = RM 450).
(The details of my account is at My Future Trading Account Records 2010 )

Thursday, April 8, 2010

Long CPO On Breakup


Date of entry: 8 April 2010
I longed CPO June 2010 Future Contract at 2548 for 2 contracts on the breakup.

Date of exit: Same Day 8 April 2010
The price hit my stop loss at 2537 losing 12 points including 1 point commission.

The balance of my account is RM 24,050 after the loss of RM 600(2548-2537+1=12)(12x RM25 x 2 = RM 600).
(The details of my account is at My Future Trading Account Records 2010 )

Tuesday, April 6, 2010

Missing Trade As Bad As Losing Trade


(6 April 2010) What A Big Miss!!
I did not commit my short position Yesterday after I closed my long position at a much lower price of 2547 (Looking back, 2547 is not that bad). I was emotionally effected which I should not. It turned out to be a huge price move down; 44 points. What A Miss!

Persistent, Persistent, Persistent

Follow The Rule, Follow The Rule, Follow The Rule

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 )

Thursday, April 1, 2010

Close All Long Position CPO June 2010 Contract


Date of entry: 31 March 2010
I longed again at 2554 for 2 contracts regardless how I feel. I based on the break up of the price 2548.

Date of exit 1: 1 April 2010
I closed 1 contract at 2533 with a loss of 23 points including 2 points for commission.

Date of exit 2: 1 April 2010
I closed the final 1 contract also at 2533 with a loss.
My total loss for this trade is (23points x 2contracts x RM25 = RM1150)

The balance of my account is RM 25,950 after the loss of RM 1150.
(The details of my account is at My Future Trading Account Records 2010 )