Tuesday, June 14, 2011

Long To Close The Trade Before End Of The Day


Date of entry: 14 June 2011
Shorted FCPO Aug 2011 Future Contract
I shorted FCPO Aug 2011 Future Contract at 3241 for 1 contract. Potential Break Down.

Date of exit: Same Day
Long To Close The Trade Before End Of The Day
I exited the trade at the price of 3254 with a loss of 14 points. The price did not continue the downside. The few long tails of the last candle sticks make me uncomfortable. Maybe I am wrong. Anyway, I could reenter later.

The Loss: RM350 (14points x RM25 x 1contract = RM350)

The balance of my account is RM22,750 after the loss of RM350.
(The details of my account is at My Future Trading Account Records 2011 )
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14 comments:

  1. AnonymousJune 14, 2011 at 5:36 PM

    Abel Abel !i short at sep 3254x2,stop lose at3264,ok?

    ReplyDelete
  2. AbelJune 14, 2011 at 5:47 PM

    Sure Sure

    ReplyDelete
  3. AnonymousJune 14, 2011 at 6:08 PM

    Abel Abel ,tq,hope tomorrow is good news

    ReplyDelete
  4. AbelJune 14, 2011 at 6:34 PM

    Hi, You might be right.

    ReplyDelete
  5. benJune 14, 2011 at 9:07 PM

    like like like

    ReplyDelete
  6. AnonymousJune 16, 2011 at 2:23 AM

    Abel Abel i close at 3264x2,lost again

    ReplyDelete
  7. AnonymousJune 16, 2011 at 11:40 AM

    Abel Abel short again?

    ReplyDelete
  8. AbelJune 16, 2011 at 5:41 PM

    Hi, I am travelling. Looking at the price 3199 (Sept 2011 Future Contract), it is a waste. I could have shorted.

    How about you?


    Regards,

    Abel

    ReplyDelete
  9. AnonymousJune 16, 2011 at 5:58 PM

    AbelAbel cpo 美豆油 56.37 6327 ▲-0.68 57.12 56.21 17:55:0,i waiting tomorrow.drop again i b long

    ReplyDelete
  10. AnonymousJune 16, 2011 at 7:12 PM

    AbelAbel,me too la,vevyvery hurt u know,yesterday i meeting (at osk mcca) morning i call in short 2 more 3252,the new remisier short wrong for me at 3246x2,final she done for me + 1st day short total 3254x2,3246x2,3252x2=6 average3250,so i stop loss at ALL(BCOS I STILL METING) 3264x2,3270x4,final still proble 3264x2 done,3270x2 done,last 3 jumping at 3275x1,3278x1,total loss 135(point)+24(commission trade n close)x25(rm)=RM3975,if no tomorrow i b take profit at 3172,waste me RM10k++,so if tomorrow drop bellow 3155,i b long it stop loss at3140,so what u plan it tomorrow?

    ReplyDelete
  11. AbelJune 16, 2011 at 11:18 PM

    Hi, I would wait and see. With such a drop, there is high chance that the market would rebound. I am waiting for bullish candle pattern to long.


    Regards,

    Abel

    ReplyDelete
  12. AnonymousJune 17, 2011 at 4:05 PM

    AbelAbel 1st drop at 3172 already,now i standby 2st 3155 at sep 3155 to long.

    ReplyDelete
  13. AnonymousJune 17, 2011 at 4:16 PM

    AbelAbel,i paking at 3153x2,3140x2 keep over night,no stop loss,how abo u?

    ReplyDelete
  14. AbelJune 17, 2011 at 4:35 PM

    Hi, I am still at the airport. And I will be flying afterwards, I have decided to stay aside for now.

    Abel

    ReplyDelete

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