Tuesday, August 2, 2011

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 )

2 comments:

  1. Hi,
    my 1 cent opinion, CPO is in side way range since 14.7.11 -- ( 3082 to 3145 ) Mp = 3113.

    Buy on support & sell on res. is the trading strategy for this period , right ?

    ReplyDelete
  2. Hi sky,

    You are right. It took too long for me to realize. Thank you for your opinion.

    Abel

    ReplyDelete