Date of exit : 30 April 2013
Title : Exited Trade At 2285 - A Roller Coaster Ride
I manged to exit my position by shorting at 2285 for a loss of 13 points. The exit should be much higher but one mistake lead to another till now. This is the price I have to pay for not acting fast and decisive.
The Loss : RM325 (13points x RM25 x 1contract = RM325)
The balance is now RM 27,300 (RM 27,625 - RM 325 = RM 27,300)
(The details of my account is at My Future Trading Account Records 2012 )
Date of entry : 24 April 2013
Title : Do What I have To Do : Reversed To Long CPO
I reversed to long CPO July 2013 Future Contract at 2296 for one contract. You can imagine the state of mind I am in now. Sideways market is a storm for a trend trader like me.
hi fren, just wan to share with you. my opinion it is ok LONG but at 2296 i think it a bit late, i suggest 2289 is ideal entry i guess. but in overall major is still bearish toward 2000, if im in your position im looking at 2329 to close those position. Good Luck fren :-)
ReplyDeleteThank you so much for your suggestion , Ancham. I will look into it.
ReplyDeleteThanks Again.
In case you are wondering. I have been waiting for the 'right' time to exit but the market keep pushing lower. I was ready to get out any time soon. This is one of the worst torturing trade I ever encounter. I just have to live with it.
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DeleteHi abel, just curious whether you going to place any trade soon. TQ.
ReplyDeleteYes Ancham. I shorted later CPO Aug 2013 Contract.
ReplyDeletejust to share with you my forecast as of 16.5.13, failure to break the lower support 2231 and yesterday and this morning short term upward trend, i forecast the bear has end and bull is coming..anyway please stick your game plan, im newbie in this FCPO just sharing for fun.
DeleteThank you so much for sharing your opinion. It looks like an uptrend for now. But we never know till the price shows us.
ReplyDelete