Short Aug 2013 CPO Future Contract

Date of exit : 3 June 2013
Title : Long To Cut Loss At 2405 
I exited my trade at 2405 to cut my loss with a loss of 32 points. What a day! 

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

The balance is now RM 27,500 (RM 28,300 -  RM 800 = RM 27,500)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 30 May 2013

Title : Short Aug 2013 CPO Future Contract 

I shorted CPO Aug 2013 Future Contract at 2375 for 1 contract. The price has been up for many days. There is high chance for correction.
This is not my usual method of break out method. I just took the advantage of overbought situation. I have to bare in mind that the trend is still up.

Long EURUSD at 1.5009

Date: 25 Nov 2009: Open Trade
I long EURUSD at 1.5009 with the size of 0.24 when the price broke above last two day's high.



Date: 26 Nov 2009. REDUCE POSITION
I reduced position at 1.5076 of size: 0.10 remaining 0.14 with a profit of USD67

Date: 27 Nov 2009: Stop loss Level Hit
My stop loss was hit at 1.4878 lossing USD183.40. My balance equity now is USD4,951.74.

Close Final Position: Long EURUSD at 1.4876

Date: 4 Nov 2009 (Enter Trade)
I placed my buy order ealier and I got in the trade at 1.4876. It is hard to turn my position from short to long specially when I just had a huge loss of USD910.85 (16% of my total fund).
Date: 5 Nov 2009 (Reduce Trade Position)
I reduced my position from size 0.50 to 0.40 as I realized that my fund has reduced to USD 4669.14. (Deposit of USD 1000 for the size of 0.10)

Date: 6 Nov 2009 (Changed Stop loss leverl)
I moved my stop loss level higher to 1.4799. The potential loss will be USD 308 (1.4876-1.4799=77 pips, 77pipsx4=USD308)

Date: 10 Nov 2009 (Reduce Positions) I further reduced my position (size:0.20) by shorting at 1.4966 with a little profit of USD180.

Date: 11 Nov 2009 (Further Reduce Position)
I further reduced my position (0.10 size) remaining size 0.10 with the profit of USD166

Date of total exit: 12 Nov 2009 (Close the final long position)
The price finally hit my stop loss of 1.4928 with profit of USD52 only.

Short EURUSD at 1.4673

This is my first record for forex trading. I trade based on daily chart and weekly chart. I place stop loss far so I need bigger margin (1:10). I shorted EURUSD at 1.4673 ON 3 oCT 2009. Please refer to chart for the details.

The price hit my stop loss level at 1.4855 lossing USD910.85. I have nothing to say since I have to base on my trading rule; placing relevent stop loss to minimise my loses when positions go against me.