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 )
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.