Monday, August 22, 2011

Cut Loss At The Open


Date of entry: 19 Aug 2011
Short FCPO Nov 2011 Future Contract
I shorted FCPO Nov 2011 Future Contract For 2 contracts. It is a break down couple with Europe weak market.

Date of exit: 22 Aug 2011
Cut Loss At The Open
I longed to close at 3031 on opening bell with a loss of 38 points for each contact. The price opened with a gap up and also 3000 is for sure a support. Loss is major part of trading, what to do.

The Loss: RM1900 (38points x RM25 x 2contracts = RM1900)


The balance of my account is RM22,525 after the loss of RM1900
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, August 16, 2011

Short to exit at 3061


Date of entry: 15 Aug 2011
Longed FCPO At The Open
I longed FCPO Oct 2011 Future Contract on opening bell at the price of 3039 for 2 contracts. It opened with a gap and stay above moving averages.

Date of exit: 16 Aug 2011
Long to exit at 3061
I shorted to exit at 3061 for 20 points gain of each contract. There is no solid reason to sell exept that the market has been up; 5 white candles in a row further more we are in new month contract (November).

The Profit: RM1000 (20points x RM25 x 2contracts = RM1000)


The balance of my account is RM24,425 after the profit of RM1000
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, August 9, 2011

Long to close at 2965


Date of entry: 8 Aug 2011
Shorted FCPO On Broke Down
I shorted FCPO Oct 2011 Future Contract at 3007 for 2 contracts when it broke lower than morning low of 3015.

Date of exit: Same Day
Long to close at 2965
I long to exit at 2965 with a gain of 40 points at the afternoon opening. Lesser is better than nothing.

The Profit: RM2000 (40points x RM25 x 2contracts = RM2000)


The balance of my account is RM23,425 after the profit of RM2000
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, August 2, 2011

Daily FCPO In SideWay Mode

WHAT CAN I SAY, SIDEWAY MARKET FOR FCPO IN DAILY CHART!



Unfortunately, it took too long for me to realize. Thank you Sky for pointing out.

Hello! My Stop Loss Was Hit At 3107


Date of entry: 1 Aug 2011
Long FCPO Oct 2011 Future Contract
I long FCPO Oct 2011 Future Contract at 3127 for 2 contracts. The price managed to opened with a gap up in the afternoon and above moving averages.

Date of exit: 2 Aug 2011
Hello! My Stop Loss Was Hit At 3107
My stop loss was hit at 3107 (the low of the day) with a loss of 22 points for each contract (2 points for commission). Side way market can really kill.


The balance of my account is RM21,425 after the loss of RM1100
(The details of my account is at My Future Trading Account Records 2011 )