Wednesday, June 5, 2013

Stopped Out - Loss Deal Again

Date of exit : 5 June 2013
Title : Stopped Out - Loss Deal Again 
My position was stopped out again at 2396 with a loss of 28 points (2 points added for commission). I don't have to tell you how bad I feel.

The Loss : RM700 (28points x RM25 x 1contract = RM700) 

The balance is now RM 25,875 (RM 26,575 -  RM 700 = RM 25,875)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 4 June 2013
Title : If You Dare - Reversed To Short
I reversed to short CPO Aug 2013 Future Contract for 1 contract right after my position was stopped out. This is a very very tough call specially just experiencing consecutive losses, trust me.

I was thinking not to pull the trigger but I was afraid of missing the real action which might come without warning. A trend trader always faces this kind of situation being stopped out all the time. This is the business of mental torturing. Traders get paid to suffer mentally.

No comments:

Post a Comment