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 )

7 comments:

  1. hi Abel,

    this round you board on time

    ReplyDelete
  2. Thanks,
    Honestly, I still do not know why CPO surged so much. Anyway, as long as in our favor, we stay with it.


    Abel

    ReplyDelete
  3. Look like abel is changing yr. strategy,buying below 24ma ?

    ReplyDelete
  4. Hi,
    You notice that. Yes I recently made some back testing for the last 6 months using 2 hourly chart and I found out that it is ok to buy on dip and sell on strength. But the stop loss must be tight. The result was far better than my usual way; long only above moving averages and short only below moving averages.


    Abel

    ReplyDelete
  5. Abel, this is no more trend-following, in others word, you are attempting BLSH, it may end up BL & Sell lower !

    ReplyDelete
  6. Hi,
    Thank you so much for your reminder. I will recheck again for the strategy.


    Regards,

    Abel

    ReplyDelete