Exited Trade At 2285 - A Roller Coaster Ride

Date of exit : 30 April 2013
Title : Exited Trade At 2285 - A Roller Coaster Ride
I manged to exit my position by shorting at 2285 for a loss of 13 points. The exit should be much higher but one mistake lead to another till now. This is the price I have to pay for not acting fast and decisive. 

The Loss : RM325 (13points x RM25 x 1contract = RM325) 


The balance is now RM 27,300 (RM 27,625 - RM 325 = RM 27,300)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 24 April 2013
Title : Do What I have To Do : Reversed To Long CPO
I reversed to long CPO July 2013 Future Contract at 2296 for one contract. You can imagine the state of mind I am in now. Sideways market is a storm for a trend trader like me.

Kicked Out Again

Dale of exit : 24 April 2013
Title : Kicked Out Again
My position was out again at 2296 with 32 points loss. What a day! 

The Loss : RM800 (32points x RM25 x 1contract = RM800 


The balance is now RM 27,625 (RM 28,425 - RM 800 = RM 27,625)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 22 April 2013

Title : Reversed To Short CPO - This Is A Tough Call

I made a tough call ; reversed to short CPO also at 2266 for 1 contract. If you have been following my trading, you would have known that this situation (cut big loss) is one of the major part of my trading. That is why trading is never easy. We just have to leave with it and hopefully we could get use to it. 

Cut Big Loss

Date of exit : 22 April 2013

Title : Cut Big Loss 

My position was out at the opening price of 2266 with a big loss. A gap down would mean a bearishness continue. (Chart will be provided later) 

The Loss : RM1375 (55points x RM25 x 1contract = RM1375) 

The balance is now RM 28,425 (RM 29,800 - RM 1375 = RM 28,425)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 19 April 2013
Title : I Am In - Long CPO July 2013 
I initiated long CPO July 2013 Future Contract at 2319 for 1 contract. The up trend is still not strong enough. Let's see.

Bean Oil Daily Chart Updates

It looks like Bean Oil Future is in consolidation, breaking either way would establish a new trend ; ups or downs. Let's watch and see.

100 Points Target Reached

Date of exit : 17 April 2013
Title : 100 Points Target Reached
I took profit at 2270 for 101 points gain (2 points deducted for commission). It has been a long waited trade and also a long waited 100 points Profit Target.

The Profit : RM2525 (101points x RM25 x 1contract = RM2525) 


The balance is now RM 29,800 (RM 27,275 - RM 2525 = RM 29,800)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 10 April 2013

Title : CPO Short Now 

I could not believe myself. I shorted CPO June 2013 Future Contract 1 contract at 2373.
I usually reverse my position the moment I am stopped out which means that I will always in the market. This is not a common way as it took a lot of courage to reverse position specially when experiencing string of losses. Trading is never easy. 

Opps! Out Again

Date of exit : 10 April 2013
Title : Opps! Out Again 
My position was stopped out again at 2373 with loss of 22 points. It has been a touch trade. 

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


The balance is now RM 27,275 (RM 27,825 - RM 550 = RM 27,275)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 8 April 2013
Title : Turned Long CPO
I turned long CPO June 2013 Future Contract at 2393. The losing feeling sucks. What to do. I just follow my trading rule.

CPO Stopped Out

Date of exit : 8 April 2013
Title : CPO Stopped Out
My short position was stopped out at 2393 with a loss of 37 points with 2 points added as commission. The market has been slow and the actual direction is still not clear. 

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


The balance is now RM 27,825 (RM 28,750 - RM = RM 27,825)
(The details of my account is at My Future Trading Account Records 2012 )


Date of entry : 5 April 2013

Title : You Know me - Reversed To Short

I reversed to short CPO as usual. The short entry price is 2358 with 1 contract at the open. I was so confident that the market would rally in the previous trade but I was wrong obviously. And now, I reversed my position uncomfortably. I have to follow the price regardless my feeling. This is trading. 

Caution! MACD of FKLI Hour Chart Heading Downwards

It looks like FKLI might head lower since MACD of hourly chart is going down. At this point, a break out system will not work due to the volatility of the market.

CPO Cut Loss

Date of exit : 5 April 2013

Title : CPO Cut Loss

My position reached my cut loss point at 2358 and exited with a loss of 37 points added 2 points for commission. The price has been in sideways. I will 'believe' that the market should rebound but I have to follow the market NOT what I THINK. 

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

The balance is now RM 28,750 (RM 29,675 - RM925 = RM 28,750)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 3 April 2013

Title : Long CPO June 2013 Contract

I initiated long position for CPO June 2013 Future Contract at 2393 for 1 contract. There is high probability that the market would rebound.