Thursday, February 28, 2013

Bean Oil Futures Might Rebound

Bean Oil Futures has been down for more than one week. Looking at the Bean Oil Futures hourly chart, there is high chance for the rebound at least temporary. The MACD has been up despite the price maintained at the low level.
If Bean Oil Futures rebound, CPO would do the same too.

Wednesday, February 27, 2013

Exit To Lock Profit


Date of exit : 27 feb 2013 
Title : Exit To Lock Profit 
I closed my short position at 2416 with a gain of 110 points. The price has been in my favour and it looks over sold, I confirmed my profit rather than waiting greedily for more. (The chart will be updated later) 

The Profit : RM2750 (110points x RM25 x 1contract = RM2750) 



The balance is now RM 29,525 (RM 26,775 +  RM2750 = RM 29,525)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 22 Feb 2013
Title : Turned Short CPO
I reversed to short also at 2528 for 1 contract. I am not sure any more as the price has been siding.

Friday, February 22, 2013

CPO Position Stopped Out


Date of exit : 22 Feb 2013 
Title : CPO Position Stopped Out 
My position was stopped out at 2528 with a loss of 12 points. The market has been in sideways for the last one month. This is part of trading. I have to get use to it. 

The Loss : RM300 (12points x RM25 x 1contract = RM300) 

The balance is now RM 26,775 (RM 27,075 -  RM300 = RM 26,775)
(The details of my account is at My Future Trading Account Records 2012 )



Date of entry : 18 Feb 2013
Title : Turned Long May 2013 Future Contract
Now, I longed CPO May 2013 Future Contract at 2538. It is a change of new month.

Tuesday, February 19, 2013

Exited FKLI - Cut Loss


Date of exit : 19 Feb 2013 
Title : Exited FKLI - Cut Loss 
I shorted to exit my long position at 1611 with a loss of 18.5 points. FKLI is obvious still in sideways mode. Exit wait and see. 

The Loss : RM925 (18.5points x RM50 x 1contract = RM925) 


The balance is now RM 15,750 (RM16,675 - RM925 = RM 15750) 
  (The details of my account is at My Future Trading Account Records 2012 )
 

Date of entry : 14 Feb 2013
Tittle : Long FKLI
I longed FKLI at 1628.5 for 1 contract. There is a high potential that FKLI would rebound.
The high of MACD is getting higher. This could mean that the weakness is temporary ending.

Monday, February 18, 2013

Long To Take Profit


Date of exit : 18 Feb 2013  
Title : Long To Take Profit
I longed to exit the trade this morning at 2494 for 30 points again. It is not a best trade but good enough for a little profit. 

The Profit : RM750 (30points x RM25 x 1contract = RM750)

The balance is now RM 27,075 (RM26,325 + RM750 = RM 27,075)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 13 Feb 2013
Title : Shorted CPO
I shorted CPO at 2526 for one contract. I almost wanted to long this morning but the market turned. The market has given me a hard time; sideways on the time. Hopefully, this could be a good trade.

Friday, February 8, 2013

Stopped Out Again - Sideways Kills

Date of exit : 8 Feb 2013
Title : Stopped Out Again - Sideways Kills
My long position was stopped out again at 2537 with a loss of 28 points. The market is obviously in sideways mode (maybe due to Chinese New Year). A trend trader like me will have tough time.

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


The balance is now RM 26,325 (RM27,025 - RM700 = RM 26,325)
(The details of my account is at My Future Trading Account Records 2012 )
Date of entry : 7 Feb 2013
Title : Reversed To Long CPO
I reversed to long CPO April 2013 Future Contract at 2563 for 1 contract. There is high potential for the continuation of the rally.

Thursday, February 7, 2013

Stopped Out

Date of exit : 7 Feb 2013
Title : Stopped Out
My position was stopped out at 2563 in the afternoon. The price went higher in the morning section but my stop loss was not triggered.

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


The balance is now RM 27,025 (RM27,825 - RM800 = RM 27,025)
  (The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 6 Feb 2013
Title : Initiated Short Position
I shorted CPO April 2013 Future Contract at 2533 for 1 contract. It is a sell down.