Date of entry: 31 March 2010
I longed again at 2554 for 2 contracts regardless how I feel. I based on the break up of the price 2548.
Date of exit 1: 1 April 2010
I closed 1 contract at 2533 with a loss of 23 points including 2 points for commission.
Date of exit 2: 1 April 2010
I closed the final 1 contract also at 2533 with a loss.
My total loss for this trade is (23points x 2contracts x RM25 = RM1150)
The balance of my account is RM 25,950 after the loss of RM 1150.
(The details of my account is at My Future Trading Account Records 2010 )
What a pity, just some suggestion
ReplyDeleteLook at
a) 60m macd & Stochastic
b) yr breakout line not necessary be horizontal..use bull /bear flag, symm triangles etc
c) use a 5m /15m charts for precise entry
Happy trading !
Najib
Hi Najib,
ReplyDeleteI will check my record again and see how I could use some of your suggestion.
Thank you so much.
Abel
Nice suggestion Najib.
ReplyDeleteAbel, another suggestion from me. Maybe u can allocate 1 lot for fKLI and 1 lot for FCPO/or 2 lots fkli ,1 lot cpo. the reason is this. if we concentrate on 1 market, we can maximize returns but at the same time,we take higher risk. CPO is a more volatile market compared to FKLI but having FKLI to diversify will reduce risk in CPO. Sometimes ,both lose money. sometimes both make money. sometimes 1 lose,1 win. It provides balance, in my opinion.
ZacLim,
ReplyDeleteYour suggestion is well received. I did lots of analysis over the weekend and I found out that I could have made a lot of money using my method on FKLI from Jan 2010 till March 2010. In fact, I would have longed now for FKLI and you know the 'wound have' result.
Thank you ZacLim. I will do that.