Friday, July 29, 2011

Kicked Out With A Loss Of 26 Points!!


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.

5 comments:

  1. Hi....

    Crude oil very weak today....CPO look to testing 3050 support....

    CPNG

    ReplyDelete
  2. Hi CPNG,

    In fact, CPO looks weak too. But my stop loss was hit. I will reenter later.


    Abel

    ReplyDelete
  3. abel me wilson,done long oct 3084x1.

    ReplyDelete
  4. outside news is not good,I close b4 weed end oct3095x2,3094x1 loss RM 600,NOT JUST U LOSS,ALSO ME.

    ReplyDelete
  5. Hi Wilson,

    At least we have peace in mind over the weekend.


    Abel

    ReplyDelete