Sunday, September 30, 2012

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.

Monday, September 24, 2012

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.

Friday, September 21, 2012

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 )

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.

Tuesday, September 18, 2012

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 )


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.

Monday, September 10, 2012

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.

Friday, September 7, 2012

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 )

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.

Wednesday, September 5, 2012

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 )

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.