Long To Exit FCPO - Price Failed To Drop Lower

Date of entry: 28 Feb 2011
Short FCPO May 2011
I shorted FCPO May 2011 future contract for 1 contract at 3523. The price started to drop after touching moving average low of 3545 indicating that the down trend might continue. FCPO is below moving averages of high and low for 2 hourly chart and daily chart.

Date of exit: 1 March 2011
Long To Exit FCPO - Price Failed To Drop Lower
The price failed to make new low this morning. I longed to exit my position at 3492 with a gain of 29 points after deducting two points for commission. Not a lot, but better than nothing.

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

The balance of my account is RM19,700 after the profit of RM725.
(The details of my account is at My Future Trading Account Records 2011 )

Locked Profit To Make Myself Feel Better

Date of entry: 24 Feb 2011
Reversed To Short FKLI Again
I turned short FKLI Feb 2011 future contract at 1498 for 3 contracts.
1) It broke down below 1499 (the blue line)
2) It is below moving average based on 2 hourly chart and daily chart.

Date of exit: Same Day
Locked Profit To Make Myself Feel Better
I longed to lock the profit at 1483.5 for 13.5 points gain after deducting 1 point for commission. There is no strong reason to close except to make myself feel better. FKLI hit the support of 1482; recent low based on daily chart.

The Profit: RM2,025 (13.5points x RM50 x 3contracts = RM2,025)

The balance of my account is RM17,100 after the profit of RM2,025.
(The details of my account is at My Future Trading Account Records 2011 )

Long To Lock The Profit

Date of entry: 24 Feb 2011
Short FCPO - A Further Broke Down
I shorted FCPO May Future Contract at 3495 for 1 contract. It is a further sell down and broke yesterday low.

Date of exit: Same Day
Long To Lock The Profit
I longed to close the position at 3437 with 57 points gain (1 point for commission).

The Profit: RM1,425 (57points x RM25 x 1contract = RM1,425)

The balance of my account is RM18,975 after the profit of RM1,425.
(The details of my account is at My Future Trading Account Records 2011 )

Stop Loss Triggered At 1502

Date of entry: 23 Feb 2011
Reversed To Long FKLI Now
I reversed to long FKLI Feb 2011 future contract at 1516.5 for 3 contracts now.

Reason To Long 1) Usual Broke up
Reason To Long 2) FKLI is now above moving averages

The Concern: FKLI is still below daily moving averages.



Date of exit: 24 Feb 2011
Stop Loss Triggered At 1502
My stop loss was triggered again at 1502 with a loss of 15.5 points for each contract including 1 point for commission. I really feel like crying after this trade.

The Loss: RM2,325 (15.5points x RM50 x 3contracts = RM2,325)

The balance of my account is RM15,075 after the loss of RM2,325.
(The details of my account is at My Future Trading Account Records 2011 )

Stop Loss Hit - FKLI

Date of entry: 22 Feb 2011
Reversed To Short FKLI Now
I placed a short order and was filled at 1506 for 4 contracts. It looks like touch trade is ahead of me. This is not a very convincing trade for me honestly. I will place relevant stop loss just in case market gives me surprises again.

Date of exit: 23 Feb 2011
Stop Loss Hit - FKLI
My position was stopped out at 1516.5 with a loss of 11.5 points (1 point for commission).

The Loss: RM2,300 (11.5points x RM50 x 4contracts = RM2,300)

The balance of my account is RM17,400 after the loss of RM2,300.
(The details of my account is at My Future Trading Account Records 2011 )

I Am Out Again

Date of entry: 21 Feb 2011
Reenter Long Position - FKLI
I entered the long position of FKLI Feb 2011 future contract for 4 contracts at 1522.5.

Reason To Long 1) Break up recent high
Reason To Long 2) FKLI now above both 2 moving averages high

The Concern: FKLI is still below daily moving averages.


Date of exit: 22 Feb 2011
I Am Out Again
FKLI reached my target this morning at 1513 with a loss of 10.5 points including 1 point for commission.

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

The balance of my account is RM19,700 after the loss of RM2,100.
(The details of my account is at My Future Trading Account Records 2011 )

Stop Loss Hit - Exited FKLI Long Position

Date of entry: 18 Feb 2011
Long FKLI In The Morning
I longed FKLI at 1512.5 for 4 contracts this morning. FKLI is now at above moving average.

Date of exit: 21 Feb 2011
Stop Loss Hit - Exited FKLI Long Position
My long position was stopped out at 1510.5 with a loss of 3 points for each contract.

The Loss: RM450 (3contracts x RM50 x 3contracts = RM450)

The balance of my account is RM21,800 after the loss of RM450.
(The details of my account is at My Future Trading Account Records 2011 )