Thursday, February 24, 2011

Locked Profit To Make Myself Feel Better


Date of entry: 24 Feb 2011
Reversed To Short FKLI Again
I turned short FKLI Feb 2011 future contract at 1498 for 3 contracts.
1) It broke down below 1499 (the blue line)
2) It is below moving average based on 2 hourly chart and daily chart.

Date of exit: Same Day
Locked Profit To Make Myself Feel Better
I longed to lock the profit at 1483.5 for 13.5 points gain after deducting 1 point for commission. There is no strong reason to close except to make myself feel better. FKLI hit the support of 1482; recent low based on daily chart.

The Profit: RM2,025 (13.5points x RM50 x 3contracts = RM2,025)


The balance of my account is RM17,100 after the profit of RM2,025.
(The details of my account is at My Future Trading Account Records 2011 )

Long To Lock The Profit


Date of entry: 24 Feb 2011
Short FCPO - A Further Broke Down
I shorted FCPO May Future Contract at 3495 for 1 contract. It is a further sell down and broke yesterday low.

Date of exit: Same Day
Long To Lock The Profit
I longed to close the position at 3437 with 57 points gain (1 point for commission).

The Profit: RM1,425 (57points x RM25 x 1contract = RM1,425)


The balance of my account is RM18,975 after the profit of RM1,425.
(The details of my account is at My Future Trading Account Records 2011 )

Stop Loss Triggered At 1502


Date of entry: 23 Feb 2011
Reversed To Long FKLI Now
I reversed to long FKLI Feb 2011 future contract at 1516.5 for 3 contracts now.

Reason To Long 1) Usual Broke up
Reason To Long 2) FKLI is now above moving averages

The Concern: FKLI is still below daily moving averages.



Date of exit: 24 Feb 2011
Stop Loss Triggered At 1502
My stop loss was triggered again at 1502 with a loss of 15.5 points for each contract including 1 point for commission. I really feel like crying after this trade.

The Loss: RM2,325 (15.5points x RM50 x 3contracts = RM2,325)


The balance of my account is RM15,075 after the loss of RM2,325.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, February 23, 2011

Stop Loss Hit - FKLI


Date of entry: 22 Feb 2011
Reversed To Short FKLI Now
I placed a short order and was filled at 1506 for 4 contracts. It looks like touch trade is ahead of me. This is not a very convincing trade for me honestly. I will place relevant stop loss just in case market gives me surprises again.

Date of exit: 23 Feb 2011
Stop Loss Hit - FKLI
My position was stopped out at 1516.5 with a loss of 11.5 points (1 point for commission).

The Loss: RM2,300 (11.5points x RM50 x 4contracts = RM2,300)


The balance of my account is RM17,400 after the loss of RM2,300.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, February 22, 2011

I Am Out Again


Date of entry: 21 Feb 2011
Reenter Long Position - FKLI
I entered the long position of FKLI Feb 2011 future contract for 4 contracts at 1522.5.

Reason To Long 1) Break up recent high
Reason To Long 2) FKLI now above both 2 moving averages high

The Concern: FKLI is still below daily moving averages.


Date of exit: 22 Feb 2011
I Am Out Again
FKLI reached my target this morning at 1513 with a loss of 10.5 points including 1 point for commission.

The Loss: RM2,100 (10.5points x RM50 x 4contracts = RM2,100)


The balance of my account is RM19,700 after the loss of RM2,100.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, February 21, 2011

Stop Loss Hit - Exited FKLI Long Position


Date of entry: 18 Feb 2011
Long FKLI In The Morning
I longed FKLI at 1512.5 for 4 contracts this morning. FKLI is now at above moving average.

Date of exit: 21 Feb 2011
Stop Loss Hit - Exited FKLI Long Position
My long position was stopped out at 1510.5 with a loss of 3 points for each contract.

The Loss: RM450 (3contracts x RM50 x 3contracts = RM450)


The balance of my account is RM21,800 after the loss of RM450.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, February 16, 2011

Exit FCPO With BIG Loss


Date of entry: 11 Feb 2011
Long CPO Now
I longed CPO April 2011 future contract at 3953 for 1 contract before market closed. It is kind of a break up with the price stays above moving averages both daily chart and 2 hourly chart.

Date of exit: 16 Feb 2011
Exit FCPO With BIG Loss
I shorted to exit the trade on opening bell at 3850 with a huge loss of 105 points!! The Biggest Loss In One Trade. This is the way the business is done, what to do.

The Loss: RM2,625 (105points x EM25 x 1contract = RM2,625)


The balance of my account is RM17,550 after the loss of RM2,625.
(The details of my account is at My Future Trading Account Records 2011 )

FKLI - 10 Points Gain Target Reached


Date of entry: 14 Feb 2011
I Shorted FKLI Feb 2011 Future Contract
I shorted FKLI Feb 2011 future contract at 1504.5 for 4 contracts. It touched the moving average lower and started to go down.

Reason To Short 1) A reversal candle stick pattern called 'Shooting Star' emerged.
Reason To Short 2) FKLI touched the moving average (low) and now started going down.
Reason To Short 3) FKLI is still below moving average under daily chart

The concern: Tuesday is a public holiday for Malaysia. Anything can happen during the one off day.


Date of exit: 16 Feb 2011
FKLI - 10 Points Gain Target Reached
My target of 10.5 points gain at 1493 was reached this morning.

The Profit: RM2,100 (10.5points x RM50 x 4contracts = RM2,100)


The balance of my account is RM22,250 after the profit of RM2,100.
(The details of my account is at My Future Trading Account Records 2011 )

Friday, February 11, 2011

Exit FKLI For 23.5 Points Gain


Date of entry: 10 Feb 2011
Short FKLI On Breaking Down With A Gap
I shorted FKLI Feb 2011 future contract at 1518.5 for 3 contracts.
Reason 1) FKLI opened with a gap down
Reason 2) FKLI broke below recent low
Reason 3) FKLI based on daily chart and 2 hourly chart is now below moving averages

Date of exit: 11 Feb 2011
Exit FKLI For 23.5 Points Gain
I longed to close the position in the early trade before KLCI opened at the price of 1494 with 23.5 points gain for each contract after deducting 1 point for commission. There is no strong reason to exit except that FKLI seldom behaves like this. 23.5 points for one trade is good enough for me.

The Profit: RM3,525 (23.5points x RM50 x 3contracts = RM3,525).


The balance of my account is RM20,150 after the profit of RM3,525.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, February 10, 2011

I Am Out - CPO Stop Loss Was Hit


Date of entry: 8 Feb 2011
Long CPO - Price Went Higher Than The Opening Price
I longed CPO April 2011 future contract at 3861 for 1 contract. The price broke the opening price indicating the bullishness of the market.

Date of exit: 10 Feb 2011
I Am Out - CPO Stop Loss Was Hit
My stop loss was hit at 3892 with a gain of 29 pints only after deducting 2 points for commissions.

The Profit: RM725 (29points x RM25 x 1contract = RM725)


The balance of my account is RM20,175 after the profit of RM725.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, February 9, 2011

Exit FKLI Before Market Close


Date of entry: 9 Feb 2011
Long FKLI Based On Bullish Candle Stick Pattern
I longed FKLI Feb 2011 future contract at 1531.5 for 3 contracts based on the previous bullish candle stick pattern. I will exit if the current candle bar appeared to be bearish.

Date of exit: Same Day
Exit FKLI Before Market Close
I shorted to close the position at 1525 with a loss of 7.5 points for each contract after 1 point commission included. There is no follow through buying and formed a bearish engulfing candle stick pattern. Exiting the trade seems to be the only way. More over, FKLI is still well blow moving average on daily chart.

The Loss: RM1,125 (7.5points x RM50 x 3contracts = RM1,125)


The balance of my account is RM16,625 after the loss of RM1,125.
(The details of my account is at My Future Trading Account Records 2011 )