Date of entry: 29 July 2011
Short FCPO On Breaking Down
I shorted FCPO Oct 2011 Future Contract at 3081 for 2 contracts when the price broke recent low of 3083.
Anywhere, it is rebounding now.
Date of exit: Same Day
Kicked Out With A Loss Of 26 Points!!
My stop loss was hit at 3106 with a loss of 26 points for each contract (1 point added or commission). Looking at the daily chart, it is obviously at the sideway mode. It is really a 'touch and go' trade!
The Loss: RM133 (26points x RM25 x 2contracts = RM1300)
The balance of my account is RM22,525 after the loss of RM1300.
(The details of my account is at My Future Trading Account Records 2011 )
Looking at my account being hit by the losses, trade after trade, I really feel like crying. These trades really effect my mood. To be a good trader, I will have no choice but to control myself no matter what situation.