Thursday, October 20, 2011

Close Short Position At 2847

Date of entry: 20 Oct 2011
Short FCPO At The Open Gap Down
I shorted FCPO Jan 2012 Future Contract at 2825 for 1 contract.

Date of exit: Same Day
Close Short Position At 2847
My stop loss is hit at 2847 with a loss of 23 points with 1 point commission (RM575).

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

The balance of my account is RM16,325 after the loss of RM575.
(The details of my account is at My Future Trading Account Records 2011 )


  1. Abel, Abel, entry at market open is not
    good strategy, you need a better timing method.

    btw, a very good try..don't give up !


  2. abel,
    in this volatile market, you need to change your strategy

  3. Hi,

    Thank you all. I will relook into my trading strategy.


  4. I feel bad to see that your fund is shrinking... It is mentally challenging to continue to trade only to see ur capital is getting lesser and lesser.

    I hope you will regain the losing ground, after all you are the very few local traders that still run a blog, which im totally amazed by your determination.

    You will do well one day, Abel, I am sure.


  5. Hi Shortie,

    Your few lines of words mean everything to me. Blogging when losing is a great challenge. I almost wanted to give up sometimes, but I continue. With your encouragement, I have more faith to proceed.
    I will relook my system over the weekend.

    Thanks You So Much,


  6. How about include chart-patterns into your system? Just a suggestion. Airman.

  7. Hi Airman,

    Yes. I am looking into candle stick chart pattern for my trading too. It will earlier showing the potential direction.