Date of entry: 10 May 2010
I longed CPO July 2010 future at 2535 for 2 contracts. It is a breakup.
Date of exit: 11 May 2010
I closed the position at the open when the price opened with a gap down. I managed to exit at 2517 lossing 20 points for each contract. It is a huge loss.
The balance of my account is RM 21,350 after the loss of RM 1000 (20points x RM25 x 2contracts = RM 1000) (The details of my account is at My Future Trading Account Records 2010 )
Hi Abel,
ReplyDeleteYou shouldn't monitor CPO using 60min chart.
To Anonymous above,
ReplyDeletenot really, it's more like a mis-match of trading method and sideway market. just my 0.0005 cent
abel,
ReplyDeleteyou need to rethink your trades..you too wishy washy. you are not following candles accurately ie if u cut loss ,you should also reverse your position.
it seems like you are following your emotions more.
just my 2sen
Hi All,
ReplyDeleteI have my own set of trading methods which includes the traditional breakout method and candle stick patterns method. Apparently, there is a need for me to adjust my stop loss placement. "Cut the losses short and let the profit run".
I still think 1 hour chart is good enough for me.
Thank you you all for giving me comment, they means a lot to me.
Abel.