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.
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!
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.