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 )

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