Missing The Boat Is Worst Than Losing A Trade

I missed the recent rally of CPO Futures (March 2013 Contract) due to my consecutive big loss of the last two trade which affected my judgement.
I feel more miserable of not following my trading system which caused missing the boat than losing a trading. This is the stage I am in right now; "If I were to go in in the middle of noway, I might be late but what if the surge continue." This thinking has been bugging me since 21 Dec 2012 when I lost and missed the long opportunity.
Trading is never easy

Took Loss Like A Man

Date of exit : 21 Dec 2012
Title : Took Loss Like A Man
I longed to cut loss at 2378 with another huge loss of 78 points. It is a furious one.

The Loss : RM3900 (78points x RM25 x 2contract = RM3900)

My balance is now RM26,175 (RM30,075 - RM3900 = RM26,175)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 20 Dec 2012
Title : Reversed To Short - Emotionally Hard To Do
I reversed to short CPO March 2013 Furue Contract as usual. This is very very hard to do, trust me. But I have to follow my trading method. 85-13

Long CPO March 2013 Contract

Date of exit : 20 Dec 2012
Title : Took The Huge Loss
I shorted to exit my long position at 2303 with a huge loss of 71 points. This is a hard trade with a changing month. Changing month is usually a tough one. What to do.

The Loss : RM3550 (71points x RM25 x 2contracts = RM3550)

My balance is now RM30,075 (RM33,625 - RM3550 = RM30,075)
(The details of my account is at My Future Trading Account Records 2012 )

My Comment : The price had been against my position the moment I started this trade and I was "suffering" since then too. I hold the position "thinking" that MACD was heading higher indicating the bullishness of the momentum. But I was wrong and I had no choice but to exit the trade. This is trading.

Date of entry : 17 Dec 2012
Title : Long CPO March 2013 Contract
I longed CPO March 2013 Future Contract at the open at the price of 2372 for two contract. Opening with a gap shows a bullishness of the market.
Honestly, it is kind of hard to act upon when seeing a gap open. This is part of trading, do what I got to do.

Exited Trade 2 Minutes Before Market Closed

Date of exit : 14 Dec 2012
Title : Exited Trade 2 Minutes Before Market Closed
I longed to exit the trade 2 minutes before the market closed at the price of 2275 with a little gain of 6 points (2 points deducted for commission).
The reason to exit :
1. The price rebounded strongly and formed a white bullish candle in daily chart (knowing also that Daily MACD has been up) And also MACD of Hourly Chart is higher.
2. We are in 14th of the month which is the last day for Feb 2013 Future Contract as active month
3. The weekend is ahead of us

The Little Profit : RM300 (6points x RM25 x 2contracts = RM300)

My balance is now RM33,625 (RM33,325 + RM300 = RM33,625)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 11 Dec 202
Title : Reversed To Short CPO
I reversed to short CPO Feb 2013 Future Contract at 2283 with 2 contracts.

Long CPO Feb 2013 - Break Up

Date of exit : 11 Dec 2012
Title : Stop Loss Received
My position was stopped out at 2283 with a loss of 31 points. It has been a tough trade where the price kept moving sideways. I will have to act on it despite feeling sad.

The Loss : RM1550 (31points x RM25 x 2contract = RM1550)

My balance is now RM33,325 (RM34,875 - RM1550 = RM33,325)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 7 Dec 2012
Title : Long CPO Feb 2013 - Break Up
I longed CPO Feb 2013 Future Contract at 2312 for two contract. What can I say, it is a break up.

Short To Take Profit

Date of exit : 11 Dec 2012
Title : Short To Take Profit
I shorted FKLI to take profit at 1640 with a gain of 24.5 points. Not too bad for a first after a long time ago.

The Profit : RM1225 (24.5points x RM50 1contract = RM1225

My balance is now RM13,675 (RM12,450 + RM1225 = RM13,675)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 5 Dec 2012
Tittle : Long FKLI - First Trade Since Long Time Ago
I longed FKLI Dec 2012 Future Contract 1 contract at 1614.5. I supposed to long this morning when there was a break up, but I missed it. I waited till almost the end of the day.
It has been a long time since I last traded. Wish me luck.

CPO Potential Rebound - Daily Chart

There is a high chance that CPO futures could rebound since the low of MACD is higher which creating a divergent between the price and MACD. Let's see.

Final Long To Exit CPO

Date of exit : 6 Dec 2012
Title : Final Long To Exit CPO
I longed to take the final contract at 2296 with a profit of 102 points.

The Profit : RM2550 (102points x RM25 x 1contract = RM2550)

My balance is now RM34,875 (RM29,825 + RM2500 + RM2550 = RM34,875)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of exit 1 : 4 Dec 2012
Title : Took Profit Half Of My Position
I exited 1 contract at 2298 with 100 points gain remaining 1 in the market.

The Profit : RM2500 (100points x RM25 x 1contract = RM2500)

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Date of entry : 28 Nov 2012
Title : Shorted CPO Feb 2013 Future Contract
I reversed to short CPO Feb 2013 Future Contract for 2 contracts (I added addition contract). The price has been siding. It could go both way.
Note : For every contract I trade, I use RM15,000 as my margin.

Stop Loss Hit

Date of exit : 28 Nov 2012
Stop Loss Hit
My stop loss was hit at 2400 with a loss of 31 points. It has been a directionless trade.

The Loss : RM775 (31points x RM25 x 1contract = RM775)

My balance is now RM29,825 (RM30,600 - RM775 = RM29,825)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 26 Nov 2012
Long Feb 2013 Future Contract
I reversed to long CPO Feb 2013 Future Contract as usual at 2429 for 1 contract. It looks like the market is in a sideways mode. There is no winner until the price show to us. I longed because I used breakout method.

Stopped Out & Exited Trade

Date of exit : 26 Nov 2012
Tittle : Stopped Out & Exited Trade
My short position was stopped out at 2429 with an break even after deducting the 2 points commission.

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Date of entry : 21 Nov 2012
Title : OK Reversed To Short Feb 2013 Contract
I reversed to short Feb 2013 Future Contract at 2431 for one contract. I expected CPO to surge further but failed, so I have to do what I got to do.

online trader

Exit Long Position

Date of exit : 21 Nov 2012
Title : Exit Long Position
I exited the trade at 2401 with a little gain of 11 points with 2 points deducted for commission.

The Profit : RM275 (11points x RM25 x 1contract = RM275)

My balance is now RM30,600 (RM30,325 + RM275 = RM30,600)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 14 Nov 2012
Title : Long CPO Jan 2013 Future Contract
I initiated long position of CPO Jan 2013 Future Contract at 2388 for one contract. I am still using Jan 2013 future contract as it is still in active month even there is only one day left.
My Concern :
1. It is a changing time frame for active month from Jan 2013 to Feb 2013 contract on 15 Nov 2012.
2. It will be public holiday tomorrow. Europe and US market are open.

KLCI Could Rebound Very Soon

There is a divergent between KLCI index and MACD. Meaning that KLCI is making new low BUT the low of MACD is actually getting higher. I am using hourly chart.
Maybe high time to look into buy some stocks to take advantage of this situation.

Bean Oil Futures Could Rebound - Hammer

There is also high chance that Bean Oil Futures could rebound for now; The beautiful black hammer at the bottom of the chart says it all. We shall wait and see.

High Chance CPO Would Rebound

CPO Jan 2013 Future Contract opened at 2228 and closed at 2324; opened gap down low and closed at the high.
With
1. The price hitting the recent support line then rebound and
2. Formed a White Bullish Candle,
there is very high chance that CPO would rebound or at least slow down the speed of the plunge.

Exited Trade To Lock Profit

Date of exit : 6 Nov 2012
Title : Exited Trade To Lock Profit
I longed to close my position at 2380 for 111 points again (2 points for commission). I am not sure the next direction. It might continue the downwards, but I just want to confirm my profit.

The Profit : RM2775 (111points x RM25 x 1contract = RM2775)

My balance is now RM30,325 (RM27,550 + RM2775 = RM30,325)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of exit : 2 Nov 2012
Title : Reversed To Short CPO
I also shorted CPO Jan 2013 at 2493 for 1 contract. 2493 turned out to be almost a day low. The feeling sucks but I have to move on and follow the rule.

Stop Loss Hit

Date of exit : 2 Nov 2012
Title : Stop Loss Hit
My stop loss was reached and my trade was out at 2493 with a loss of 42 points.

The Loss : RM1050 (42points x RM25 x 1contract = RM1050)

My balance is now RM27,550 (RM28,600 - RM1050 = RM27,550)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 1 Nov 2012
Title : Reversed To Long For Potential Rebound
I reversed to long Jan 2013 at 2533 for one contract after I just closed my short position.

Longed To Close

Date of exit : 1 Nov 2012
Title : Longed To Close
I exited the trade at 2533 with a loss of 4 points (2 points commissions included).

The Loss : RM100 (4 points x RM 25 x 1 contract = RM100)

My balance is now RM28,600 (RM28,700 - RM100 = RM28,600)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 29 Oct 2012
Title : OK I Shorted CPO
I shorted CPO Jan 2013 Future Contract at 2531 for 1 contract. It was a gap down.
Note: I honestly do not know what to think after knowing Hurricane Sandy hit United States. Some markets are closed. I just have to wait and see what happen next.

100 Profit Points Reached

Date of exit : 25 Oct 2012
Title : 100 Profit Points Reached
I exited on my 100 target points at 2599.
My reason:
1) My usual 100 profit target is reached
2) Friday is a public holiday for Malaysia. The risk increases when many global markets still open on Friday
3) CPO has been up for many days.

The Profit : RM2500 (100points x RM25 x 1contract = RM2500)

My balance is now RM28,700 (RM26,200 + RM2500 = RM28,700)
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 18 Oct 2012
Title : Reversed To Long CPO Jan 2013 Contract
I reversed my position to long CPO Jan 2013 Future Contract at 2497 for one contract.
This is not my usual decision making which is based on bullish candle.

Exited Short Position Finally

Date of exit : 18 Oct 2012
Title : Exited Short Position Finally
I placed my stop loss near and I was kicked out at 2497 at the loss of 39 with 2 points commission included. It has been a 'waiting' trade.

The Loss : RM975 (39points x RM25 x 1contract = RM975)

My balance is now RM26,200 (RM27,175 - RM975 = RM26,200)
(The details of my account is at My Future Trading Account Records 2012 )

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Day 3 : 17 Oct 2012
Title : Sideways But Potential Rebound
The price has been ranging since I bought on 15 Oct 2012. It looks like there is high chance that the market will rebound. I was once wanted to get out but then there was no signal of exiting so I have to hold on to the short side despite I 'think' the market is going to rebound very soon.

Date of entry : 15 Oct 2012
Title : Short CPO Jan 2013 Contract
I initiated short position for CPO Jan 2013 Future Contract at 2460 for one contract. The last week bad feeling still remind in my mind. Time is the best healer.

Exited Trade At Breakeven

Date of exit : 12 Oct 2012
Title : Exited Trade At Breakeven
I exited my trade at breakeven point of 2405. It is heart breaking to see my profit down to the drain. Actually, I should not have exited. But I was nervous.
My Mistake:
1. I did not take my 100 points target. I was affected by my previous trade of closiing too early. I SHOULD STICK TO MY 100 TARGET POINTS NO MATTER WHAT.
2. There was no sell signal as long as my trading method is concerned. I was nervous and I acted (exited) emotionally. I SHOULD ALWAYS STICK TO MY TRADING SYSTEM; STOP LOSS PLACING IN THIS CASE.
3. When I realized I was wrong, I SHOULD HAVE REENTERED THE MARKET
One thing, Once I was wrong of not doing the above. At least I did not go in at all. This is one thing I achieve. Trading is not as easy as it looks. Mastering of all these; missing trades, slip page, emotion etc are the path to become a good trader. Wow! What a day!

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Date of entry : 5 Oct 2012
Title : Long CPO Dec 2012
I initiate long position for CPO Dec 2012 for 1 contract at 2403. There is high chance for the rebound.

CPO Back To 2010

CPO Dec 2012 Future Contract plunged 209 points and closed at 2255. CPO price is now back to 2010 level. In trading, we just have to expect the unexpected.
I missed the trade all the way and it turned out to be the most important trade of the year that I should not miss. I was looking for rebound all this time "thinking" that the price "sure" will rebound but it never did.
The Trend Is Your Friend, Just Follow The Trend. Never Try To Out Smart The Market

Bean Oil Future Potential Rebound

Bean Oil Futures have been down just like CPO from $58 to $52. With the price hitting the support (refer to the chart) and the formation of hammer followed by bullish harami. There is very high chance Bean Oil futures will rebound.

I Miss The Party

In case you are wondering what I did. I actually did nothing. It was too quick and too furious by the time I wanted to short, it was way below 2650 (112 points down!). Situation like this happen all the time. I rather miss the boat then simply rushing in.
This is trading.

Exited On 100 Points Gain

Date of exit : 21 Sept 2012
Exited On 100 Points Gain
I longed to exit the trade at 2785 with 100 points gain (2 points for commissions). The price might go lower considering the recent low has just been broken. There is no fix answer for my exit except that I want to confirm and feel the profit.

The Profit: RM2500 (100 points x RM 25 x 1 contract = RM2500)
My balance is now RM27175
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 18 Sept 2012
Title : Reversed Short Dec 2012 Contract
I reversed to short CPO Dec 2012 Future Contract at 2887 for one contract. It is an obvious break down from the consolidation. Knowing and acting are entirely different thing. We just have to act upon it when times come even it is hard.

Cut Loss - 92 Points!

Date of exit : 18 Sept 2012
Tittle : Cut Loss - 92 Points!
I could not believe the market could gap 100 points down but it did. I exited the trade at 2838 with 92 points loss. This is the first time that I experience nearly 100 points loss on the opening gap.

The Loss : RM2300 (92 points x RM 25 x 1 contract = RM2300).
My balance is now RM24675
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 12 Sept 2012
Tittle : Initial Long CPO For Potential Rebound
I longed CPO Nov 2012 Future Contract at 2928 for one contract. There is high probability of the rebound since it has been down for many trading days.

CPO Sideways & BEAN OIL Futures Uptrend

Picture tells a thousand words. All this while, I thought CPO could head upwards as bean oil futures and the rest of the commodities are heading up, even stock markets globally. Comparing the two daily charts ; CPO and Bean Oil futures, we could easily spot out that Bean Oil future is in uptrend and CPO is in sideways.

Long To Take Profit

Date of exit : 7 Sept 2012
Long To Take Profit
I longed to confirm my profit at 2904 for 122 points with 2 points deducted for commission. The plunge has slow down even though the market is still bearish. 122-profit-point is good enough.

The Profit : RM3050 (122 points x RM 25 x 1 contract = RM3050)
My balance is now RM26975
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : Reversed To Short CPO
Title : Reversed To Short CPO
I reversed to short CPO Nov 2012 Future Contract right after my long position was stopped earlier.

Stop Loss Triggled

Date of exit : 5 Sept 2012
Tittle : Stop Loss Triggled
My long position was stopped out at 3028 with a loss of 57 points (2 extra points included)

The Loss : RM1425 (57 points x RM 25 x 1 contract = RM 1425)

My balance is now RM23925
(The details of my account is at My Future Trading Account Records 2012 )

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Date of entry : 4 Sept 2012
Title : Long At The Open
I initiated long position at 3083 for one contract on opening bell. The better long should have been Yesterday.