Wednesday, June 22, 2011

Stop Loss Hit At 3207

Date of entry: 22 June 2011
Long FCPO Sept 2011 Contract
I longed FCPO Sept 2011 Future Contract at 3237 for 1 contract.

The Concern: The price is still below moving average

Date of exit: Same Day
Stop Loss Hit At 3207
My position was stopped out at 3207 with the loss of 31 points. The shooting star with a long tail touching the moving average and staying below it could mean a very weak market ahead.

I don't have to tell you the feeling part of this trade, it really sucks.

The Loss: RM775 (31points x RM25 x 1contract = RM775)

The balance of my account is RM21,975 after the loss of RM775.
(The details of my account is at My Future Trading Account Records 2011 )


  1. AbelAbel,me(wilson) again,i also want to long,still waiting the good price3198-3200(bcos so many bad new at outside i b stop loss at 3188-93.

  2. AbelAbel,me(wilson),i paking at long sept 3197x2,d u still hold it?

  3. AbelAbel,me(wilson)done long sept 3197x2

  4. Hi Wilson,

    I placed my stop loss earlier and was hit. I shorted as the price is still below moving averages. The feeling sucks with this kind of situation.



  5. AbelAbel,me(wilson),loss again .