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.


  1. Hi....

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


  2. Hi CPNG,

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


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

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

  5. Hi Wilson,

    At least we have peace in mind over the weekend.