Monday, November 26, 2012

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.



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.

2 comments:

  1. Hi Abel,
    I assume you work at office and not self-employed, how did you able to do monitoring during working hour. As i also want to be profitable like you. Please advise.

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  2. Hi Cykoay,

    Thank you for your comment. I started by looking into ways to trade futures using different technical set up, lots of them; MACD, Moving averages, CCI, Candle Stick Pattern etc. I will try all kind of method during my free time. ( I enjoy doing it actually ). After I found some good indicators with certain set up. I will go for back testing. Back Testing means using historical data to buy and sell assuming you trade during those time. Once you found some ways those are profitable, you can start trading using small lot to trade in real time like what I am doing now. I will increase my lot size as it goes. That is my plan.
    You trade using the pre set up will help you to eliminate the fear, hesitation and greed so your work will not be affected much.
    This is my one cent comment I hope it helps.


    Regards,

    Abel

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