Friday, June 18, 2010

Short To Close CPO Too Early


Date of entry: 17 June 2010
Long CPO Sept 2010
I longed CPO Sept 2010 future contract at 2395 (1 contract). It broke up from the consolidation and also stay well above the moving averages.
Wish me luck.

Date of exit: 18 June 2010
Short To Close CPO Too Early
I closed my position at 2403 with a gain of 6 points only as the price failed to make new high at the previous bar.
The price continued right after I shorted to close. Well, luck sometimes just does not at my side. It is ok as long as it is blue; making money I mean.


The balance of my account is RM 20,200 after the profit of RM 150 (6points x RM25 = RM150) (The details of my account is at My Future Trading Account Records 2010 )

Tuesday, June 15, 2010

Illiquid Market Can Kill

FKLI June 2010 Contract made a sudden drop to 1269.5 and bounded back to current level of 1296. With China having holiday for 3 days (Monday to Wednesday) and world cup matches going on, the markets are quiet. Illiquid market can really kill. Luckily I did not put any orders from yesterday.

Thursday, June 10, 2010

Make My Remisier Happier: Buy & Sell The Same Day


Date of entry: 10 June 2010
A BreakDown Is A BreakDown: Short CPO
I shorted CPO Aug 2010 Future Contract at 2403 (1 contract). It is a breakdown (blue line).
The only concern for this trade is the lack of volume. The bear is weak.


Date of exit: Same Day
Price Failed To Go Lower
The price did not make new low, so I closed my short position at 2407 with a loss of 5 points including 1 point for commission.


The balance of my account is RM 20,050 after the loss of RM 125 (5points x RM25 = RM125) (The details of my account is at My Future Trading Account Records 2010 )

Wednesday, June 9, 2010

Closed At The Close: Long CPO


Date of entry: 8 June 2010 BreakDown With Volume: Short CPO Aug 2010
The price broke down recent low (in blue line) with volume surging and made a low of 2431. I shorted at 2435 for 1 contract.

Date of exit: 9 June 2010 Closed At The Close
I closed my short position at 2406 1 contact only :( (profit of 27 points) with the reason that the last bar failed to make new low indicating that the selling force could be gone.


The balance of my account is RM 20,175 after the profit of RM 675 (27 points x RM25 = RM 675) (The details of my account is at My Future Trading Account Records 2010 )

Monday, June 7, 2010

Turned Long CPO Aug 2010


Date of entry: 4 June 2010
I longed CPO Aug 2010 Future Contract at 2475 for 1 contract during breakup (the blue line). The market is very quiet, I do not think that the price will surge very far. Just wait and see.

Date: 5 June 2010 Bean Oil Future Down By 0.84
Opps! Bean oil future down by 0.84 (-2.23) to 36.82. It looks like CPO future Aug contract could open with a gap down of say 55 points (-2.23) to 2419 !!??
I will get ready to cut loss. Do what I got to do.


Date of exit: 7 June 2010
I exited the trade at the open for the price of 2441 losing 36 points added 2 points for commission. (36 points x RM 25 = RM 850 ). Wow! RM 850 losses is heavy for 1 contract only.

The balance of my account is RM 19,500 after the loss of RM 850 (The details of my account is at My Future Trading Account Records 2010 )

Friday, June 4, 2010

I What Out! Close Short CPO Position


Date of entry: 3 June 2010
I shorted CPO Aug 2010 Future Contract at 2457 for 1 contract when the price broke below 2464 (in blue line).

Date of exit: 4 June 2010
I closed my short position at 2468 losing 13 points after adding 2 points for commission. I just want out since the previous candle stick is a bullish one.


The balance of my account is RM 20,350 after the loss of RM 325 (13points x RM25 = RM 325) (The details of my account is at My Future Trading Account Records 2010 )

A New Start: Long FKLI At The Open


Date of entry: 3 June 2010
Should I say, a new month with a new start? I longed FKLI at the open at the price of 1290.5 (one contract only for the time being).
It is a 'double break up'. The market looks strong. My stop loss will be very tight to protect my money.
Wish me luck

Date of exit: 4 June 2010
My stop loss was hit at 1293 making 1.5 points profit after deducting 1 point for commission. It looks like my stop loss was a bit too tight. Well, this is trading.
I will reenter the market if it continue going up.


The balance of my account is RM 20,675 after the profit of RM 75 (1.5points x RM50 = RM 75) (The details of my account is at My Future Trading Account Records 2010 )