Thursday, December 27, 2012

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

Friday, December 21, 2012

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

Thursday, December 20, 2012

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.

Friday, December 14, 2012

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.

Tuesday, December 11, 2012

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 )


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.

Sunday, December 9, 2012

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.

Thursday, December 6, 2012

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 )

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)


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.