Date of entry: 20 Oct 2011
Short FCPO At The Open Gap Down
I shorted FCPO Jan 2012 Future Contract at 2825 for 1 contract.
Date of exit: Same Day
Close Short Position At 2847
My stop loss is hit at 2847 with a loss of 23 points with 1 point commission (RM575).
The Loss: RM575 (23points x RM25 x 1contract = RM575)
The balance of my account is RM16,325 after the loss of RM575.
(The details of my account is at My Future Trading Account Records 2011 )
Abel, Abel, entry at market open is not
ReplyDeletegood strategy, you need a better timing method.
btw, a very good try..don't give up !
Najib
abel,
ReplyDeletein this volatile market, you need to change your strategy
Hi,
ReplyDeleteThank you all. I will relook into my trading strategy.
Abel
I feel bad to see that your fund is shrinking... It is mentally challenging to continue to trade only to see ur capital is getting lesser and lesser.
ReplyDeleteI hope you will regain the losing ground, after all you are the very few local traders that still run a blog, which im totally amazed by your determination.
You will do well one day, Abel, I am sure.
shortie
Hi Shortie,
ReplyDeleteYour few lines of words mean everything to me. Blogging when losing is a great challenge. I almost wanted to give up sometimes, but I continue. With your encouragement, I have more faith to proceed.
I will relook my system over the weekend.
Thanks You So Much,
Abel
How about include chart-patterns into your system? Just a suggestion. Airman.
ReplyDeleteHi Airman,
ReplyDeleteYes. I am looking into candle stick chart pattern for my trading too. It will earlier showing the potential direction.
Thanks
Abel