Friday, September 30, 2011

Stop Loss Reached & Stopped Out


Date of entry: 30 Sept 2011
Long For Potential Rebound
I longed 1 contract at 2918 on opening bell. There is a rebound potential knowing that the price stayed at above recent low of 2850 on daily chart and bean oil has been down & due for rebound.
The concern: The price is still below moving averages.

Date of exit: Same Day
Stop Loss Reached & Stopped Out
My position was stop out at 2900 with 19 points loss.

The Loss: RM475 (19points x RM25 x 1contract = RM475)


The balance of my account is RM19,550 after the loss of RM475.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, September 29, 2011

Exited Trade At 2883


Date of entry: 29 Sept 2011
Reversed To Long FCPO For Day Trade
I reversed to long FCPO Dec 2011 Future Contract at 2885 for 1 contract right after I was stopped out.

Date of exit: Same Day
Exited Trade At 2883
I exited my trade at 2883 with a loss of 3 points with 1 point commission included. This trade is meant for day trade and should not hold overnight.

The Loss: RM75 (3points x RM25 x 1contract = RM75)


The balance of my account is RM20,025 after the loss of RM75.
(The details of my account is at My Future Trading Account Records 2011 )

Stop Out At 2885


Date of entry: 28 Sept 2011
short FCPO
I shorted FCPO Dec 2011 Future Contract at 2910 for 1 contract. Oth daily chart and 2 hourly chat are obvious in down trend mode.

Date of exit: 29 Sept 2011
Stop Out At 2885
My position was stopped out after opening session at 2885 with a gain of 23 points with 2 points for commission.

The Profit: RM575 (23points x RM25 x 1contract = RM575)


The balance of my account is RM20,100 after the profit of RM575
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, September 27, 2011

OK Long Position Closed


Date of entry: 27 Sept 2011
Long At The Open For Short Term Bound - If Any
I longed at the open at 2935 for 1 contract. I am against the trend so it will be a day trade only unless it could continue the bound. I do not usually do that but I did some back testing and it works fine. So I trade this method for real to see if it works.

Date of exit: Same Day
OK Long Position Closed
I shorted to close my position at 2904 with a loss of 32 points. The bearish candle shows the market is not strong enough. Getting out seems be the idea way since I am against the trend.

The Loss: RM800 (32points x RM25 x 1contract = RM800)


The balance of my account is RM19,525 after the loss of RM800.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, September 26, 2011

Stop Loss Hit At 2919


Date of entry: 26 Sept 2011
Reentered Short Position On Breaking Down
You would have known me by now. I shorted FCPO Dec 2011 Future Contract again at 2943 when it broke the last week low of 2951. Daily Chart is confirmed bearish broken the low of 2951.

Date of exit: Same Day
Stop Loss Hit At 2919
My stop loss was once again hit at 2919 with little gain of 23 points.

The Profit: RM575 (23points x RM25 x 1contract = RM575)


The balance of my account is RM20,325 after the profit of RM575.
(The details of my account is at My Future Trading Account Records 2011 )

Friday, September 23, 2011

Stop Loss Hit At 2989



Date of entry: 22 Sept 2011
Late Report - Shorted FCPO At Afternoon Open
I shorted FCPO Dec 2011 Future Contract at the open of afternoon session with the price of 3010. It opened with a gap down and stayed well below 3023 (refer to blue line). It also managed to break below daily moving averages.

In longer term, FCPO of daily chart is still in sideway mode.


Date of exit: 23 Sept 2011
Stop Loss Hit At 2989
My stop loss was hit at 2989 with lesser gain of 19 points after deducting 2 points for commissions.

The Profit: RM475 (19points x RM25 x1contract = RM475)


The balance of my account is RM19,750 after the profit of RM475.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, September 19, 2011

Short To Close At The Open


Date of entry: 14 Sept 2011
OK Longed FCPO
I longed FCPO Nov 2011 Future Contract at 3016 for 1 contract. I reduced my size to 1 lot only so that I feel 'safer'.

Date of exit: 19 Sept 2011
Short To Close At The Open
I shorted to close at the open at the price of 3043 with a smaller gain of 24 points for each contract. It is a gap down, what can I say.

The Profit: RM625 (25points x RM25 x 1contract = RM625)


The balance of my account is RM19,275 after the profit of RM625.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, September 13, 2011

FCPO SIDEWAY IN DAILY CHART

It is obvious that FCPO is in sideway mode for sometimes now. As a trend trader, I was not doing well.

Friday, September 9, 2011

Stopped Out At 3035


Date of entry: 9 Sept 2011
Long FCPO At 3059
I longed FCPO Nov 2011 Future Contract at 3059 for 2 contracts on afternoon opening session. A break above morning's high of 3052 might turn out to be a rally. I placed stop loss near.

Date of exit: Same Day
Stopped Out At 3035
My stop loss was reached at 3035 with a loss of 25 points for each contract (1 point commission included). OK, I had enough.

The Loss: RM1250 (25points x RM25 x 2contracts = RM1250)


The balance of my account is RM18,650 after the loss of RM1250.
(The details of my account is at My Future Trading Account Records 2011 )

Short To Close On Opening Bell


Date of entry: 8 Sept 2011
Wow! Reversed To Short FCPO
I reversed to short FCPO Nov 2011 Future Contract at 3028 for 2 contracts. The bearish candle stick could be a weakness of the market.

Date of exit: 9 Sept 2011
Short To Close On Opening Bell
I shorted to close at 3046 on opening bell with a loss of 20 points for each contract (2 points added for commissions). It is obvious the market is in side way mode.

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


The balance of my account is RM19,900 after the loss of RM1000.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, September 8, 2011

Long & Close FCPO - Busy For Losing Trade


Comment: This is one of the situation a trader will face from time to time; getting in and out, busy for losing. We just do not know what the market is there for us.
Emotionally, I am upset. I would be lying if I told you I am ok. I just have to deal with it.


Date of trade: 8 Sept 2011
Long & Close FCPO - Busy For Losing Trade
I relonged this morning at 3059 for 2 contracts after I have just closed the position at 3059. It was just so bullish that the price went all the way up to the high of 3076.

Then I closed at 3028 this afternoon when the chart formed a bearish candle at 3028 with a loss of 32 points with 1 point commission included.

The loss: RM1600 (32points x RM25 x 2contracts = RM1600)


The balance of my account is RM20,900 after the loss of RM1600.
(The details of my account is at My Future Trading Account Records 2011 )

Closed Long Position At The Open


Date of entry: 6 Sept 2011
Long FCPO - Potential Rebound
I longed FCPO Nov 2011 future contract at 3006 for 2 contracts. There is potential for the rebound.

Date of exit: 8 Sept 2011
Closed Long Position At The Open
I shorted to closed my position on opening bell at the price of 3028 with 20 points gain.

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


The balance of my account is RM22,500 after the profit of RM1000.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, September 5, 2011

Stop Loss Triggered At 3043


Date of entry: 2 Sept 2011
Long FCPO At Sky Price
You know what! I longed FCPO Nov 2011 Future Contract at the open; 3069 which turned out to be a Sky Price. FCPO is bullish; staying broke above moving averages.

Date of exit1: 2 Sept 2011
Short To Close Half Of My Position
I shorted to close 1 contract at 3057 before the market was closed with loss of 13 points (1 point commission was added).

The Loss: RM325 (13points x RM25 x 1contract = RM325)


Date of exit: 5 Sept 2011
Stop Loss Triggered At 3043
My stop loss was triggered at 3043 with a loss of 28 points including 2 points commissions.

The Loss: RM700 (28points x RM25 x 1contract = RM700)
The Total Loss: RM325 + RM700 = RM1025


The balance of my account is RM21,500 after the loss of RM1025
(The details of my account is at My Future Trading Account Records 2011 )