Friday, March 29, 2013

Close For Confirming Profit


Date of exit : 29 March 2013
Title : Close For Confirming Profit 
I longed to close my position to confirm my profit at 2488 for 42 points gain (2 points for commission). This is not my usual method to take my profit. I am kind of breaking my method. Maybe the market will plunge further but it appeared way oversold. 

The Profit : RM1050 (42points x RM25 x 1contract = RM1050) 


The balance is now RM 29,675 (RM 28,625 + RM1050 = RM 29,675)
(The details of my account is at My Future Trading Account Records 2012 )

Comment : I am not feeling right as I did not follow my trade rule (staying the trend till the end or 100 points target) after I cleaned my short position. Following rules is more important than simple taking profit. 
Anyway, what ever is done is done. I just have to live with it. 

Date of entry : 26 March 2013
Title : Reversed To Short CPO
I turned short CPO June 2013 Future Contract at 2432 for 1 contract. Honestly, I am not sure about this trade. The price looks oversold. But I will just follow my method.

Wednesday, March 27, 2013

Took Profit At 1669


Date of exit : 27 March 2013
Title : Took Profit At 1669
I shorted to close my position at 1669 for a gain of 22 points (1 point deducted for commission). I am not sure how far the market can go but confirming profit is my goal specially I bought at higher price. 

The Profit : RM1100 (22points x RM50 x 1contract = RM1100) 


The balance is now RM 16,725 (RM16,725 + RM1100 = RM 17,825)
  (The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 25 March 2013
Title : OK I Long FKLI At 1646
I have been waiting for a lower price to buy but failed and ended up longed at 1646 for 1 contract. We have no say over the market. It always does what ever it pleases.

Tuesday, March 26, 2013

Stop Triggered At 2432


Date of exit : 26 March 2013 
Title : Stop Triggered At 2432 
My position was exited at 2432 with a gain of 22 points. I placed stop earlier and was triggered. 

The Profit : RM550 (22points x RM25 x 1contract = RM550) 

The balance is now RM 28,625 (RM 28,075 +  RM550 = RM 28,625)
(The details of my account is at My Future Trading Account Records 2012 )


Date of entry : 15 March 2013
Title : Long CPO June 2013 Future Contract 
I turned long CPO June 2013 Future Contract at 2408 for 1 contract. I do not know the direction of the price any more as it has been in sideways. I just follow my usual price break out method.

Friday, March 15, 2013

Closed Position At Break Even

Date of exit : 15 March 2013
Title : Closed Position At Break even
I longed to exit my trade at 2408 for a breakeven trade (after 2 points for commissions). The price is choppy and there is no meat for a trend trader like me. I just have to be patient and trade on. 



Date of entry : 12 March 2013
Title : Reversed To Short As Usual 
I reversed and initiated short position for May 2013 Future Contract for 1 contract. The market could go either side actually. I am just following what the price shows me.

Tuesday, March 12, 2013

Busy For Losing Trade


Date of exit : 12 March 2013 
Title : Busy For Losing Trade
My position was stopped out at 2410 with a loss of 4 points with 2 points for commission. It has been a long wait and the market has been slow. 

The Loss : RM100 (4points x RM25 x 1contract = RM100) 


The balance is now RM 28,075 (RM 28,175 -  RM100 = RM 28,075)
(The details of my account is at My Future Trading Account Records 2012 )


Date of entry : 7 March 2013
Title : Hello - Back To Long Again 
I am back to long CPO May 2013 Future Contract again at 2412 for 1 contract. This is a wild swing that I am afraid of.

Sunday, March 10, 2013

CPO Daily Looks More On Sideways

Looking at the daily chart pattern of CPO, it looks more like a sideways to me.
For microscopic view of say hourly chart, it could go both ways.

Thursday, March 7, 2013

Reversed Short CPO - A Break Down

Date of exit : Same Day
Title : Stopped Out Again! This Is Trading 
My position is out again with no clear reason. The price made a crazy surge and hit my stop loss at 2412 with a loss of  29 points (2 points for commission). We have to expect the unexpected when trading. 

The Loss : RM725 (29points x RM25 x 1contract = RM725) 

The balance is now RM 28,175 (RM 28,900 -  RM725 = RM 28,175)
(The details of my account is at My Future Trading Account Records 2012 )


Date of entry : 7 March 2013
Title : Reversed Short CPO - A Break Down 
I reversed to short CPO May 2013 Future Contract at 2385 for 1 contract. It is a break down. This is not a strong bearish market at least not yet.

Long CPO


Date of exit : 7 March 2013
Title : Stopped Out With Loss 
My position was stopped out at 2385 with a loss of 25 points (2 points commission included). The price has been in sideways and I have been monitoring very closely hoping that it would not reach my selling point. But the market always does what it wants. I will just have to follow. 

The Loss : RM625 (25points x RM25 x 1contract = RM625) 

The balance is now RM 28,900 (RM 29,525 -  RM625 = RM 28,900)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 4 March 2013

Tittle : Long CPO
I initiate long position of CPO May 2013 at 2408 for 1 contract. It is a break up and MACD is recovering well.

Friday, March 1, 2013

Position Auto Closed


Date of exit : 28 Feb 2013 
Title : Position Auto Closed 
My position was closed automatically at 1635 with a profit of 19.5 (only half a point for commission). I supposed to roll over to the next month but I forgot. I will get ready for the next long opportunity maybe later. 

The Profit : RM975 (19.5points x RM50 x 1contract = RM975)
The balance is now RM 16,725 (RM15,750 + RM975 = RM 16,725)
  (The details of my account is at My Future Trading Account Records 2012 )


Date of entry : 22 Feb 2013
Title : Reenter Long FKLI
I exited long few days back and now I reenter my long position at 1615 for 1 contract.