Thursday, October 18, 2012

Exited Short Position Finally


Date of exit : 18 Oct 2012
Title : Exited Short Position Finally
I placed my stop loss near and I was kicked out at 2497 at the loss of 39 with 2 points commission included. It has been a 'waiting' trade.

The Loss : RM975 (39points x RM25 x 1contract = RM975)

My balance is now RM26,200 (RM27,175 - RM975 = RM26,200)
(The details of my account is at My Future Trading Account Records 2012 )
Day 3 : 17 Oct 2012
Title : Sideways But Potential Rebound
The price has been ranging since I bought on 15 Oct 2012. It looks like there is high chance that the market will rebound. I was once wanted to get out but then there was no signal of exiting so I have to hold on to the short side despite I 'think' the market is going to rebound very soon.
Date of entry : 15 Oct 2012
Title : Short CPO Jan 2013 Contract
I initiated short position for CPO Jan 2013 Future Contract at 2460 for one contract. The last week bad feeling still remind in my mind. Time is the best healer.
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4 comments:

  1. AzwanOctober 18, 2012 at 3:06 PM

    seasonally, palm oil bullish in q4... just my 2 cent...

    ReplyDelete
  2. AbelOctober 18, 2012 at 4:43 PM

    Hi Dzuan757,
    Thank you for your suggestion. I am a technical trader, so I will have to base on technical for trading decision.
    Anyway, I am getting ready.


    Thanks Again,

    Abel

    ReplyDelete
  3. AzwanOctober 19, 2012 at 5:12 PM

    Hi Abel,
    I've been trade cpo before and lost of my capital... since i'm not trading yet so i have more time to study about fundamental and technical before reenter again.. so my mind now clear from any noisy market... i had found that fundamental is the primary factor effect cpo where the technical is use as filtering price chart... i believe the main is seasonality which is weather, planting and harvest factor to drive supplier and demand... BTW, i enjoy ur site and very useful... keep it up bro. http://www.commodityseasonals.com/soyoil_futures_2.htm

    ReplyDelete
  4. AbelOctober 20, 2012 at 7:23 PM

    Hi Dzuan757,

    Actually fundamental is important even for a technical trader like me. I have not gone in depth into the fundamental. I only read the head lines all this while. I guess I have to know more in order to become a better trader.
    Thank you for the site information and thank you for your comment.


    Regards,

    Abel

    ReplyDelete

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