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 )
well done, abel
ReplyDeletehi Abel,
ReplyDeletethis round you board on time
Thanks,
ReplyDeleteHonestly, I still do not know why CPO surged so much. Anyway, as long as in our favor, we stay with it.
Abel
Look like abel is changing yr. strategy,buying below 24ma ?
ReplyDeleteHi,
ReplyDeleteYou 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
Abel, this is no more trend-following, in others word, you are attempting BLSH, it may end up BL & Sell lower !
ReplyDeleteHi,
ReplyDeleteThank you so much for your reminder. I will recheck again for the strategy.
Regards,
Abel