Date of exit : 10 Sept 2013
Title : CUT BIG LOSS
I finally cut my loss at 2362 with a HUGE LOSS of 61 points. This is one of the worse loss I ever attend :( It is really hard breaking to see my profit ruin and then turned into BIG LOSS. My supposed move would be exit at the open at 2380.
The Loss : RM3050 (61points x RM25 x 2contracts = RM3050)The balance is now RM 29,675 (RM 32,725 - RM 3050 = RM 29,675)
(The details of my account is at My Future Trading Account Records 2012 )
Lesson : Once I see profit, I should place at least an breakeven point for any trades. Never turn profit into BIG LOSSES.
Date of entry : 6 Sept 2013
Title : Longed CPO Nov 2013
I initiated long position for CPO Nov 2013 with 2 contracts. It looks like the price has 'rested' enough for the next upside move. Let's see.