Friday, January 4, 2013

Kicked Out Again

Date of exit : 4 Jan 2013
Title : Kicked Out Again
My long position is being kicked out again at 2465 with a loss of 37 points. It has been a difficult trade since Dec 2012. Something has changed in terms of market condition. Anyway, the market is in sideways mode. A trend trader like me surfer when the market consolidates.

The Loss : RM 925 (37points x RM25 x 1contract = RM925)

Date of entry : 2 Jan 2013
Title : Reversed To Long CPO
I reversed to long CPO March 2013 Future Contract at 2500 for 1 contract. There is no strong reason to long. I reversed my position right after my cut loss on the previous trade. This is what I normally do.

My Concern :MACD is still down. It looks like a very bumpy road ahead of me.

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