Date of entry: 17 June 2010
Long CPO Sept 2010
I longed CPO Sept 2010 future contract at 2395 (1 contract). It broke up from the consolidation and also stay well above the moving averages.
Wish me luck.
Date of exit: 18 June 2010
Short To Close CPO Too Early
I closed my position at 2403 with a gain of 6 points only as the price failed to make new high at the previous bar.
The price continued right after I shorted to close. Well, luck sometimes just does not at my side. It is ok as long as it is blue; making money I mean.
The balance of my account is RM 20,200 after the profit of RM 150 (6points x RM25 = RM150) (The details of my account is at My Future Trading Account Records 2010 )
luck sometimes like to play fool with us. Long at 2374 but queue to close yesterday 10 pts higher. Mana tau, near mkt closing time, shoot up. Tui
ReplyDeleteYou are right Anonymous, most traders have the same encounter.
ReplyDeleteThanks
Looking from the charts, market is
ReplyDeleteon the uptrend..target 2450, better join in..
Luck has no part in trading unless you take it as gamble or you don't have a system. Abel,check your nerves,you are too emotional and using slightest excuse to get out of your position.
ReplyDeleteHi,
ReplyDeleteI do have my own set of system. I use 1 hourly chart and candlestick pattern. Any change in the pattern, I would exit the trade and enter again whenever there is new entry opportunity.
You are using trend trading to trade I totally agree with you. While my CPO trades uses breakout method and exit immediately when the price does not continue. There will be a lot of in and out (which will make remisier happier). I have don't some research for the pass data 2009 till now basically, and it works ok (on paper of course). I am still testing it out and doing some tuning using real money so that I can experience the emotion part which is the most difficult one.
Thanks