Thursday, July 26, 2012

Long to close for 100 points gains - should have done it long ago

Date of exit : 26 July 2012
Subject : Long to close for 100 points gains - should have done it long ago

I finally longed to close my long waited short position at 2904 for 100 points profit target. I should have done it long time ago (many bars back) when the price hit 2904, but I was agreed wanting to see if I could make more. Obviously, it did not.

The Profit : RM2500 (100 points x RM 25 x 1 contract = RM2500)

My balance is now RM20000.
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 23 July 2012
Subject : Reserved To Short CPO
I reversed my position to short CPO Oct 2012 Future Contract at 3004 for 1 contract. The feeling part is hard to deal with actually.

Monday, July 23, 2012

Gap Out! Shorted To Close Position

Date of exit : 23 July 2012
Gap Out! Shorted To Close Position


I shorted to closed my position at 2997 with a loss of 68 points (RM1700); 2 points for commission. CPO Oct 2012 future contract opened with a gap down; far down so I have no choice but to close my position.

The Loss: RM1700 (68points x RM25 x 1 contract = RM1700)

My balance is now RM17500.
(The details of my account is at My Future Trading Account Records 2012 )


Date of entry : 20 July 2012
Long CPO - Not yet a strong buy actually

I longed CPO Oct 2012 future contract at 3063 for one contract. It is not a confirmation buy actually but I went because the market has been down eyeing to catch the small rebound.

Tuesday, July 17, 2012

CPO Could Head For SideWays With Gap Up And Gap Down


It is important to know ahead the potential sideways market particularly for a trend trader. With Cpo gaped down on 12 July 2012 then gaped up on 16 July 2012, there is a high chance that CPO is in sideways.

Friday, July 13, 2012

CPO Price Holds Well Above 3000 For Now


It looks like CPO price holding well above 3000 for now. It touched the low of moving averages (30 Days) ; 2995 and never broke lower.

Thursday, July 12, 2012

Profit Taken For 103 Points


Date of exit : 12 July 2012
Profit Taken For 103 Points
I exited CPO at 3015. My initial target was near recent low of 2978 (refer to chart) but the price did not seem to reach there so I closed my position near the end of the day session to confirm my profit which reached my 100 points target anyway.

The Profit : RM2575 (105-2points x RM25 x 1contract = RM2575)

My balance is now RM19200.
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 10 July 2012
Reversed To Short CPO
I reversed to short CPO Sept 2012 Future Contract at 3120 too. The price dropped below moving averages. I have to respect my trading method and follow strictly even I feel uneasy.

Tuesday, July 10, 2012

Stopped Out


Date of exit : 10 July 2012
Stopped Out
My position was stopped out at 3120 with a loss of 40 points.

The Loss : RM1000 (40points x RM25 x 1contract = RM1000


My Balance is now RM16,625
(The details of my account is at My Future Trading Account Records 2012 )


Date of entry : 9 July 2012
Reenter Long Position
I entered long position for CPO Sept 2012 future contract at 3158 for 1 contract since the price is not going down further. The overal trend is still up.

Friday, July 6, 2012

100 Points Profit Target Reached


Date of exit : 6 July 2012
100 Points Profit Target Reached
My 100 points profit target reached at 3163 with a profit of RM2500. Two points for commission.

The Profit : RM 2500 (100points x RM25 x 1contract = RM2500)


My Balance is now RM17,625
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 2 July 2012
Reversed To Long CPO
I reversed to long CPO Sept 2012 future contract at 3061 for one contract.
I wish I am like a robot so that I would not feel a thing on my losing trades. This is part of trading, what to do.

Monday, July 2, 2012

I Am 'Gaped Out' & Reversed To Long


Date of exit : 2 July 2012
I Am 'Gaped Out' & Reversed To Long
I longed to close my position at the open at 3061 with a huge loss of 77 points with 2 points for commission. What a trade!

The Loss : RM1925 (77points x RM25 x 1contract = RM1925)


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

Date of entry : 28 June 2012
Shorted CPO Sept 2012 - Sell Stop Triggled
I took short position of CPO Sept 2012 Future Contract at 2986 for one contract. I placed the order earlier.