Wednesday, October 21, 2009

Close Postion: Short CPO Jan 2009 at 2195


I turned short right after closing up my long position at 2195.
The details:
Trade Entry: 20091020c
Date of entry: 20 Oct 2009
Action: Short CPO Jan 2009 Future Contract
Shorted Price: 2195
Volume: 1 Contract

The price hit my stop loss level at 2175 with 20 points again. Not a lot profit but better than nothing.
The details:
Date of exit: 21 Oct 2009
Action: Long to close my short position
Longed Price: 2175
Profit: RM 450
My account balance now is RM 35,875 after the profit of RM 450.
For my account details, please check (The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, October 20, 2009

Long CPO Jan 2009 at the open - 2211


I longed CPO Jan 2009 Future Contract at the open with the price of 2211. The price broke the mini down trend line (in blue).
The details:
Date of entry: 20 Oct 2009
Action: Long CPO Jan 2009 Future Contract
Longed Price: 2211
Volume: 1 Contract

I was stop out at 2195 lossing 16 points. This is not a right trade for me. Technically, the price did not break previous high.
The details:
Action: Short to close CPO Jan 2009 Future Contract
Short Price: 2195
Loss: RM 425 (2211-2195+1=17 points x RM 25= RM 425)
My account balance now is RM 35,425 after the above loss of RM 425.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Monday, October 19, 2009

Closed Trade 20091016b: Long CPO Jan 2009 Contract at the close


I keyed in earlier to long CPO Jan 2009 Future Contract at 2178 and I got them at the close. Technically speaking, the price broke above and stayed above the down trend line (in blue). I had no choice but to follow what technical analysis was showing me. It was hard actually but I did it.
The details:
Date Of Entry: 16 Oct 2009
Action: Long CPO Jan 2009 Future Contract
Longed Price: 2178 (at the close)
Volume: 1 Contract

The prcit hit my stop loss level at 2188 (I actually keyed in 2189 but got it at 2188 which is 1 point lower) with a little profit of 8 points, 2 points for commission.
The details:
Date Of Exit: 19 Oct 2009
Ation: Short to close position
Shorted Price: 2188
Profit: RM 200 (2188-2178-2=8 pints) (8 points x RM25 = RM200)
The balance of my account now RM 35,850 after the profit of RM200.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Friday, October 16, 2009

Close Short Position of FKLI Oct 2009 at 1260


I further shorted FKLI Oct 2009 Future Contract at 1246 when I was stopped out my previous long position (the longest holding trade). The price broke down below the recent low 1252 (based on 2 hour chart).

The price reached my stop loss level at 1260 lossing RM 1600.
The details:
Date: 16 Oct 2009
Action: Long to close my position
Longed Price: 1260
Volume: 2 contracts
Loss: RM 1600 (1260-1246+1=15 points) (15points x 2 x RM50 = RM 1500).
My account balance now is RM 35,650 after the loss of RM 1500.

Trade 20091015: Short CPO Dec 2009 Future Contract at 2161


I open short position at 2161.
The details:
Date: 15 Oct 2009
Shorted Price: 2161
Volume: 1 Contract

Date: 16 Oct 2009
Action: Close my short position
Longed Price: 2164
Loss: RM 125 (2164-2161+2=5 points)
The balance of my account now RM 37,150 after the loss of RM 125.
Note: Today is the first day of active month for Jan 2009 Future Contract. I will focus on Jan 2009 contract from now on till 15 Nov 2009.

Thursday, October 15, 2009

Closed My Longest Trade: Long FKLI Oct 2009 Future Contract at 1214


I long FKLI Oct 2009 future contract at 1214 when the price broke above the high of 1213 (refer to 2 hourly chart).
The trade details:
Date Of Open Trade: 4 Oct 2009
Action: Long FKLI Oct 2009 Future Contract
Price Longed: 1214
Volume: 2 Contracts

My longest holding trade closed at last with a profit of RM 3100 (1246-1214-1=31 points). The price broke the recent low (I called it support line) of 1252.
The balance of my account now is RM 37,275 after the profit of RM 3100.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Wednesday, October 14, 2009

IntraDay Lossing Trade 20091014: Short CPO Dec 2009 Future Contract


I had an intraday trade lossing 26 points; long at 2185 & stopped out at 2160 (at the close) when the price broke above recent high 2178. What can I say? A trade is a trade and the market will do anything it liks.
The details:
Date: 14 Oct 2009
Long Price: 2185
Volume: 1 Contract
Short Price: 2160
Loss: RM 650 (2185-2160+1=26 points)
The balance of my account now RM 34,175 after the loss of RM 650.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )