Date of entry: 6 May 2010
I shorted CPO July 2010 future contract at 2518 during the opening of afternoon session for 2 contracts. Everything seems going down.
Date of exit: Same Day
I exited the trade at 2534 with a loss of 17 points per contract including 1 point for commission. It was an bullish engulfing pattern indicating that the market is not weak enough or maybe still in sideway mode. I rather stand at the sideline to watch and see.
The balance of my account is RM 22,350 after the loss of RM 850 (17points x RM25 x 2contracts = RM 850) (The details of my account is at My Future Trading Account Records 2010 )
Hi Abel,
ReplyDeleteYou have lost almost RM10k since you play CPO. I would rather say your strategy is wrong. I will advise you better paper trade until you can have big win more than small lose not the vice versa.
My limit is 50% drawdown. I will throw away the method once the drawdown reaches 50% of my highest equity.30% drawdown is a loud alarm ringing already but still managable.
ReplyDeleteall the best ! tough times dont last but tough people do.
Hi All,
ReplyDeleteI did my paper trades before I started trading for real. ZacLim, you are right. A drawdown of 30% is alarming. I actually have been doing some tuning here and there. It is not easy I believe but this is the way the games work.
Thanks
Hi Abel,
ReplyDeleteSo the starting capital you put inside yr blog is just virtual money?
Hi ahkuih,
ReplyDeleteMy trading action in this blog are all real. The money is also real. Accept that my account is much bigger than the recorded account.