Out Again

Date of entry: 10 Oct 2011
Reentered Short Position at 2786
I reversed to short FCPO Dec 2011 Future Contract at 2786. I have nothing to say. This is my trading plan, I have to follow even I feel sad; My stop loss is meant to be near so to minimize the losses. The market could be choppy at times (like now).

Date of exit: Same Day
Out Again
I am out again at 2798 with a loss of 13 points.

The Loss: RM325 (13points x RM25 x 1contract = RM325)

The balance of my account is RM17,725 after the loss of RM325.
(The details of my account is at My Future Trading Account Records 2011 )

Stop Loss Reached At 2787

Date of entry: 10 Oct 2011
Reversed To Long CPO
I turned long FCPO Dec 2011 future contract at 2807 for 1 contract. This is a overdue rebound that I have been waiting for.

Date of exit: Same Day
Stop Loss Reached At 2787
My position was again stopped out at 2787 with a loss of 21 points with 1 point for commission.

The Loss: RM525 (21points x RM25 x 1contract = RM525)

The balance of my account is RM18,050 after the loss of RM525.
(The details of my account is at My Future Trading Account Records 2011 )

Exit Short Position

Date of entry: 7 Oct 2011
Shorted FCPO
I shorted FCPO Dec 2011 future contract at 2777 for 1 contract. It is a breakdown from 2784. I hate to admit it, but the price is still below moving averages.

>Date of exit: 10 Oct 2011
Exit Short Position
I closed my short position at 2800 with a loss of 25 points with 2 points as commission.

The Loss: RM625 (25points x RM25 x 1contract = RM625)

The balance of my account is RM18,575 after the loss of RM625.
(The details of my account is at My Future Trading Account Records 2011 )

Daily Chart UpDate

The following is the FCPO daily chart as at today. With hammer candlestick formation, their is high chance that the market will rebound.


Bean Oil seems oversold too. I have been waiting for the rebound.

Close Short Position

Date of entry: 4 Oct 2011
You Know What, I Shorted
I shorted FCPO Dec 2011 Future Contract at 2822 for 1 contract. A break down is a break down. I have to add according even if I feel lousy.

Date of exit: Same Day
Close Short Position
I closed my short position at 2842 in the afternoon opening session with a loss of 21 points. The market is obvious in sideway mode. It turned out whatever I made lately all gone to waste.

The Loss: RM525 (21points x RM25 x 1contract = RM525)

The balance of my account is RM19,200 after the loss of RM525.
(The details of my account is at My Future Trading Account Records 2011 )

Wow! Position Stopped Out

Date of entry: 4 Oct 2011
Long FCPO For Short Term Bound
I longed FCPO Future Contract at the open: 2863 for 1 contract. This is a nervous trade since I am against the trend. At the time of writing this blog, the price is 2835! You can imaging the tension I am in.

Date of exit: Same Day
Wow! Position Stopped Out
Hello, my position was stopped out at 2823 with a loss of 41 points with 1 point commission included. I know I am against the trend, this is the result.

The Loss: RM1025 (41points x RM25 x 1contract = RM1025)

The balance of my account is RM19,725 after the loss of RM1025.
(The details of my account is at My Future Trading Account Records 2011 )

My Position Was Stop Out At 2850

Date of entry: 30 Sept 2011
Turned Short FCPO
I reversed to short FCPO Dec 2011 Future Contract at 2900 for 1 contract. I was nervous when it was about to reach my stop loss and reverse to short. Tough game.

Date of exit: 3 Oct 2011
My Position Was Stop Out At 2850
My position was stopped out at 2850 with a profit of 48 points with 2 points for commissions. I honestly feel that the market is still bearish. But I have to stick to my original plan to exit when the stop is hit. This is trading.

The Profit: RM1200 (48points x RM25 x 1contract = RM1200)

The balance of my account is RM20,750 after the profit of RM1200.
(The details of my account is at My Future Trading Account Records 2011 )