Exit FCPO With BIG Loss

Date of entry: 11 Feb 2011
Long CPO Now
I longed CPO April 2011 future contract at 3953 for 1 contract before market closed. It is kind of a break up with the price stays above moving averages both daily chart and 2 hourly chart.

Date of exit: 16 Feb 2011
Exit FCPO With BIG Loss
I shorted to exit the trade on opening bell at 3850 with a huge loss of 105 points!! The Biggest Loss In One Trade. This is the way the business is done, what to do.

The Loss: RM2,625 (105points x EM25 x 1contract = RM2,625)

The balance of my account is RM17,550 after the loss of RM2,625.
(The details of my account is at My Future Trading Account Records 2011 )

FKLI - 10 Points Gain Target Reached

Date of entry: 14 Feb 2011
I Shorted FKLI Feb 2011 Future Contract
I shorted FKLI Feb 2011 future contract at 1504.5 for 4 contracts. It touched the moving average lower and started to go down.

Reason To Short 1) A reversal candle stick pattern called 'Shooting Star' emerged.
Reason To Short 2) FKLI touched the moving average (low) and now started going down.
Reason To Short 3) FKLI is still below moving average under daily chart

The concern: Tuesday is a public holiday for Malaysia. Anything can happen during the one off day.


Date of exit: 16 Feb 2011
FKLI - 10 Points Gain Target Reached
My target of 10.5 points gain at 1493 was reached this morning.

The Profit: RM2,100 (10.5points x RM50 x 4contracts = RM2,100)

The balance of my account is RM22,250 after the profit of RM2,100.
(The details of my account is at My Future Trading Account Records 2011 )

Exit FKLI For 23.5 Points Gain

Date of entry: 10 Feb 2011
Short FKLI On Breaking Down With A Gap
I shorted FKLI Feb 2011 future contract at 1518.5 for 3 contracts.
Reason 1) FKLI opened with a gap down
Reason 2) FKLI broke below recent low
Reason 3) FKLI based on daily chart and 2 hourly chart is now below moving averages

Date of exit: 11 Feb 2011
Exit FKLI For 23.5 Points Gain
I longed to close the position in the early trade before KLCI opened at the price of 1494 with 23.5 points gain for each contract after deducting 1 point for commission. There is no strong reason to exit except that FKLI seldom behaves like this. 23.5 points for one trade is good enough for me.

The Profit: RM3,525 (23.5points x RM50 x 3contracts = RM3,525).

The balance of my account is RM20,150 after the profit of RM3,525.
(The details of my account is at My Future Trading Account Records 2011 )

I Am Out - CPO Stop Loss Was Hit

Date of entry: 8 Feb 2011
Long CPO - Price Went Higher Than The Opening Price
I longed CPO April 2011 future contract at 3861 for 1 contract. The price broke the opening price indicating the bullishness of the market.

Date of exit: 10 Feb 2011
I Am Out - CPO Stop Loss Was Hit
My stop loss was hit at 3892 with a gain of 29 pints only after deducting 2 points for commissions.

The Profit: RM725 (29points x RM25 x 1contract = RM725)

The balance of my account is RM20,175 after the profit of RM725.
(The details of my account is at My Future Trading Account Records 2011 )

Exit FKLI Before Market Close

Date of entry: 9 Feb 2011
Long FKLI Based On Bullish Candle Stick Pattern
I longed FKLI Feb 2011 future contract at 1531.5 for 3 contracts based on the previous bullish candle stick pattern. I will exit if the current candle bar appeared to be bearish.

Date of exit: Same Day
Exit FKLI Before Market Close
I shorted to close the position at 1525 with a loss of 7.5 points for each contract after 1 point commission included. There is no follow through buying and formed a bearish engulfing candle stick pattern. Exiting the trade seems to be the only way. More over, FKLI is still well blow moving average on daily chart.

The Loss: RM1,125 (7.5points x RM50 x 3contracts = RM1,125)

The balance of my account is RM16,625 after the loss of RM1,125.
(The details of my account is at My Future Trading Account Records 2011 )

CPO - Closed Short Position

Date of entry: 27 Jan 2011
Short CPO April 2011 Future Contract
I shorted FCPO April 2011 future contract at 3692 for 1 contract. It is a break down now and the price stayed below moving averages.

Date of exit: 28 Jan 2011
CPO - Closed Short Position
I longed to close the position at 3713 with a loss of 23 points including 2 points for commissions. The last 2 candle with long lower tails indicating that the down side pressure is not strong enough.

The Loss: RM575 (23points x RM25 x 1contract = RM575).

The balance of my account is RM19,450 after the loss of RM575.
(The details of my account is at My Future Trading Account Records 2011 )

Stop Loss Hit & Exit

Date of entry: 27 Jan 2011
I Shorted FKLI Too
I shorted FKLI Jan 2011 future contract at 1524.5 for 3 contracts. I placed the entry order earlier and was filled 5 minutes before the market closed. It reached the moving average low and started to go down indicating that there is high chance that the down full could continue.

Date of exit: 28 Jan 2011
Stop Loss Hit & Exit
My stop loss was hit at 1525 with a loss of 1.5 points for each contract.

The Loss: RM225 (1.5points x RM50 x 3contracts = RM225)

The balance of my account is RM17,750 after the loss of RM225.
(The details of my account is at My Future Trading Account Records 2011 )